Bank of New York Mellon Corp. yesterday won a U.S. Appeals Court ruling affirming its entitlement to a $312 million lien on the holdings of the bankrupt suburban Chicago cash management firm Sentinel Management Group Inc.
Rising profits at Harley-Davidson Inc. are encouraging bond investors to lend to the biggest U.S. motorcycle maker at the lowest interest rates on record, further expanding the Milwaukee-based company’s margins.
Financier John P. Calamos Sr . and his Calamos Asset Management Inc. were sued by an investor over claims they needlessly spent $280 million to redeem illiquid auction-rate securities in 2008 and 2009.
SVG Capital Plc, the biggest backer of private equity firm Permira Advisers LLP, said the value of its assets increased 25 percent in the second quarter, boosted by stock price gains for investments including Hugo Boss AG and Galaxy Entertainment Group Ltd.
Robert Moffat, a former International Business Machines Corp. senior vice president, was sentenced to six months in prison for leaking information to Danielle Chiesi, a consultant for New Castle Funds LLC.