Posted by Reuters: Business News on January 26, 2012
(Reuters) – In 2009, federal investigators finally arrested Houston financier R. Allen Stanford. For twenty years, Stanford allegedly had run a $7 billion Ponzi scheme from his offshore bank on the Caribbean island of Antigua. U.S. authorities had been nosing around Stanford’s empire for longer than a decade but hesitated to open a full-blown probe.
Posted by Reuters: Business News on May 28, 2010
LOS ANGELES (Reuters) – Wall Street has long seen sense in Walt Disney Co selling or spinning off ABC, the low-rated TV network and the one piece that does not seem to fit well with the entire entertainment empire.
Posted by Reuters: Business News on March 26, 2010
NEW YORK (Reuters) – The crumbling empire of American International Group Inc is helping to pave Wall Street with gold.
Posted by Reuters: Business News on December 15, 2009
FRANKFURT (Reuters) – Volkswagen is poised to expand its automotive empire by making a full takeover bid for German truckmaker MAN SE, a German newspaper reported on Tuesday, citing an unidentified company executive.
