Topic: Stock Activity
Ex-exec testifies in KB Home fraud trial in LA
AP News
Former exec testifies against ex-KB Home chief in LA stock-option backdating trialA former executive of KB Home testified Tuesday against former chairman and Chief Executive Bruce E. Karatz, who is accused of bilking shareholders out of millions of dollars by backdating stock options. Prosecutors contend that Karatz, 64, illegally backdated ...
Developers Diversified to use offering to pay debt
AP News
Developers Diversified prices $300 million public offering of senior notesDevelopers Diversified Realty Corp., a real estate investment trust, said Tuesday it plans to use about $300 million from a public offering of senior notes to repay debt. The shopping center owner said the underwritten public offering of 7.5 percent ...
Financial Engines shares soar in trading debut
AP News
Retirement advisory firm Financial Engines shares soar in IPO debut after raising $127MShares of Financial Engines Inc. soared nearly 44 percent in their market debut Tuesday, giving the portfolio manager and advisory firm the best first-day IPO performance so far this year. Financial Engines' first-day gain is the third-highest in ...
AP tally shows Prudential CEO's 2009 pay dipped
AP News
AP tally shows Prudential CEO's 2009 compensation falls 4.5 pct even as insurer reverses lossThe CEO of Prudential Financial Inc. received a 4.5 percent pay cut in 2009, even as the company moved to a profit from a loss. The life insurer and annuity provider gave CEO ...
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