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Showing 5241 - 5250 of 5263 results for "SCA"

US ruling approves US$750 million WorldCom settlement

WITH AAP  |  TUESDAY, 8 JUL 2003
A US federal judge has approved a US$750 million (A$1.1 billion) settlement between WorldCom and market regulators regarding the bankrupt telecom giant's 11 billion dollar accounting fraud. "The court is convinced that the proposed settlement is not ...

AMP to close its UK pensions entity NPI to new business

As part of its demerger process, AMP has announced that it will close its UK pension business NPI Limited to new business and manage it as part of its UK Life Services (UKLS) business. "After thorough consideration of all its options, we have decided ...

Snowball announces $1.3 million capital raising

Listed financial planning group Snowball has announced a capital raising that it says will enable the company to move more quickly towards becoming a profitable entity. The $1.3 million proposed raising aims to give the group the ability to pursue its ...

ASIC issues warning on AMCO and United insurance policies

The Australian Securities and Investments Commission (ASIC) has taken further Federal Court action in relation to four Australian companies who have been writing insurance on behalf of Bosnian-based insurer Grand Osiguranje AD Zvornik (Grand), after ...

Morning market wrap: Accounting ghosts come back to haunt Nasdaq

News that the US Securities and Exchange Commission was investigating the accounting practices of IBM, the world's largest computer company, brought the recent run-up on the tech-heavy Nasdaq to a shuddering halt. With the Enron and Worldcom accounting ...

ASIC takes action against Bosnian-based insurer

The Australian Securities and Investments Commission (ASIC) today announced that it had take action against four Australian companies who have been writing insurance on behalf of Bosnian-based insurer Grand Osiguranje AD Zvornik (Grand). ASIC obtained ...

Retail investors lose the faith as equity funds shrink: Assirt

Retail investors have been net withdrawers from equity funds during the March quarter for the first time ever, according to Assirt. "The March quarter survey of fund flows has revealed an interesting, but worrying picture of investor behaviour. For ...

ING Industrial fund to construct $100 million business park in NSW

ING Management Limited has agreed to buy a 25.8 hectare site at Moorebank, New South Wales for $37.2 million from the Department of Defence, it has announced. The real estate purchase on behalf of the ING Industrial Fund will be used to construct the ...

Principal appoints Ben Aiken to replace Tim Russell

The Principal Office Fund has appointed Ben Aiken to director of capital transactions to replace the departing Tim Russell, it has announced. "We are advanced in our recruiting drive for an additional asset manager. On appointment, and after an appropriate ...

Morning market wrap: All Ordinaries at three month high

The All Ordinaries will begin trading on a three month high today following good returns from the banking sector yesterday. ANZ announced a profit of $1.14 billion for the six months ending March 2003, up 8.7% over the corresponding period last year. ...