Buying sideways: Samsung

Article Abstract:

Samsung has followed South Korea's other chaebols, or giant conglomerates, into the securities business by acquiring 20% of Kukje Securities. Security company holdings allow chaebols to underwrite securities, guarantee payment on sister company's bonds, and manage cash better.

South Korea, Conglomerate corporations, Mergers, acquisitions and divestments, Investments, Securities industry, Securities, Samsung Group, Korea, South, Kukje Securities

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Coming soon to a screen near you

Article Abstract:

The US Securities and Exchange Commission is investigating Downe for insider trading in connection with the Bear, Stearns and Company Inc. His case may encompass many well known financiers and even celebrities and would make a good movie.

Investigations, Insider trading in securities, Insider trading (Securities), United States. Securities and Exchange Commission, Bear, Stearns & Company Inc., Downe, Edward Jr.

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In from the cold

Article Abstract:

Salomon Inc has not confirmed charges of scandal, but the stockbrokerage firm has agreed to pay $290 million. Salomon Inc will not face any federal criminal charges, and it will resume its business.

Petroleum bulk stations & terminals, Cases, Stockbrokers, Salomon Inc., SB

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