Fidelity & Guaranty Life, the insurer controlled by billionaire Philip Falcone’s Harbinger Group Inc., filed to raise as much as $185 million by selling a 17.2 percent stake in an initial public offering.
Billionaire Philip Falcone was banned by New York state’s top financial watchdog from being an officer or director of Fidelity & Guaranty Life for seven years for using his hedge funds’ money for his personal taxes.
Kevin Cassidy, the former chief executive officer of Optionable Inc., will plead guilty to his role in a scheme to hide millions of dollars of losses at the Bank of Montreal, a clerk in Manhattan federal court said today.
Goldman Sachs Group Inc. was sued by Allstate Insurance Co. over the sale of more than $100 million worth of residential mortgage-backed securities that the insurer claims the bank itself called “junk” and “lemons.”
Mellanox Technologies Ltd. will rebound from the biggest monthly slump this year as its Tel Aviv delisting helps lower costs while the global economic recovery boosts demand, the most-accurate analyst says.
SanDisk Corp., a maker of flash memory for mobile devices, rose in extended trading yesterday after the company raised its forecast for full-year revenue and gave a projection for sales in the current quarter that was ahead of analysts’ estimates.