SEC seeks more than twenty-two million from ex Kmart chief
Regulators seek 22.56 million in disgorgement and penalties against Charles Conaway former Kmart CEO for misleading investors and concealing late 2001 vendor payments. SEC argues the fraud contributed to the 2002 bankruptcy. Conaway seeks new trial and denies ill gotten gains.
MENTIONED IN THIS ARTICLE
Detroit
Kmart Corp
U.S. Securities and Exchange Commission
Charles Conaway
Wall Street
Kmart
SEC
Conaway
Ann Arbor
Mich
Alan Lieberman
Lieberman
U.S
Steven Pepe
Scott Lassar
Chuck
Lassar
Sears Holdings Corp
Hoffman Estates
Ill
Online job ads fall 560000 from last year in July
The Conference Board reports 3.3 million online vacancies in July, down about 568,600 from July 2008. Michigan records the highest unemployment-to-vacancy ratio, with Indiana, Kentucky and others following. Sales, management, health care and computer fields show varied demand shifts across states.
MENTIONED IN THIS ARTICLE
Jackson
Miss
Conference Board
June Shelp
gThe Conference Board
Shelp
Michigan
Indiana
Kentucky
Ohio
North Carolina
South Carolina
Virginia
Maryland
California
Arizona
Washington
New York
Pennsylvania
New Jersey
Midwest
Illinois
Wisconsin
Gad Levanon
Bank of America to pay 33 million penalty to SEC
Bank of America agrees to a 33 million settlement with the SEC over claims it misled investors about Merrill Lynch bonus plans. Regulators say Merrill was authorized to pay 5.8 billion in year end bonuses, making the mailed shareholders statement materially false. Court approval required.
MENTIONED IN THIS ARTICLE
Washington, D.C
Bank of America Corp
Merrill Lynch
Merrill
Bank of America
Securities and Exchange Commission
SEC
Charlotte
N.C
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Associated Press
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Geer Fan
Siri Grst
Bobby Jones
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