Articles from March 2010



Morgan Stanley sues former St Louis complex manager

Morgan Stanley Smith Barney is suing a former St. Louis-based brokerage manager after he defected to rival Wells Fargo Advisors last Friday.

Solta Medical Expands Credit Facility With Silicon Valley Bank to $22 Million

SANTA CLARA, Calif., March 31 /PRNewswire/ -- Silicon Valley Bank, financial partner to technology and life science companies of all sizes worldwide, added a new $10 million term loan to existing credit facilities for Solta Medical (Nasdaq: SLTM), a global leader in the medical aesthetics market.

Greenspan, ex-Citi CEO to answer to crisis panel

Former Federal Reserve Chairman Alan Greenspan and ex-Citigroup <C.N> Chief Executive Chuck Prince will appear next month before a U.S. panel investigating the roots of the financial crisis that brought global markets to their knees in 2008.

Private sector cuts jobs in March; Friday jobs eyed

Private employers unexpectedly shed jobs in March, dampening hopes about the strength of the recovery two days before the more closely watched government payrolls report.

U.S. judge rules against Schwab in YieldPlus case

Charles Schwab Corp <SCHW.N> violated federal law when it failed to get approval from shareholders of its YieldPlus <SWYSX.O> mutual fund before putting roughly half the fund's assets into uninsured mortgage-backed securities, a federal judge ruled.

Open Solutions Canada to Provide ABM Transaction Processing Services to Diners Club?, Discover and PULSE Cardholders

TORONTO----Open Solutions Canada, the Canadian subsidiary of Open Solutions Inc.?, has signed an agreement with Acxsys Corporation, to provide ABM transaction processing services to Diners Club International?, Discover and PULSE cardholders in Canada.

SEC eyes new rules for asset-backed securities

U.S. securities regulators will meet April 7 to consider new disclosures for asset-backed securities such as those linked to mortgages, the Securities and Exchange Commission said on its web site.

Private sector jobs dampen recovery scenario

Private employers unexpectedly shed jobs in March, dampening hopes about the strength of the recovery two days before the government employment report.