Securities and Exchange Commission Chairman Mary Schapiro authorized hiring a chief compliance officer and will require employees get “pre-clearance of all trades” and be prohibited from trading securities of issuers under investigation, amid a probe by federal prosecutors into trading by two agency lawyers.
Prices of repossessed apartments built on six Spanish golf courses designed by Jack Nicklaus have been slashed by as much as 50 percent as banks try to sell assets acquired during the property market collapse.
For much of 2006 and into 2007, Environmental Defense Fund had been battling to stop TXU Corp., Texas’s largest power producer, from building 11 coal-fired plants. The barrage of lawsuits, town-hall meetings and online community groups was also becoming a major headache for KKR & Co. , TPG Capital and Goldman Sachs Group Inc.’s private-equity arm, which were planning the world’s biggest leveraged buyout of the utility company.
Apple Inc. Chief Executive Officer Tim Cook, who yesterday told investors they would get more say in picking board members, signaled greater willingness than his predecessor to heed the concerns of his company’s shareholders.
Apple Inc. investors, gathered today at an annual meeting, passed a measure that gives them more say over which directors get elected, while rejecting another that would push for more disclosure about executive succession plans.
Apple Inc. Chief Executive Officer Tim Cook, saying he’s in “very, very active” talks about what to do with the company’s growing cash pile, did little to assuage investors seeking more clarity on his plans.