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2 states probe Countrywide home loans
Los Angeles Times Staff WritersThe nation's No. 1 mortgage lender, Countrywide Financial Corp., is under investigation by California Atty. Gen. Jerry Brown and the attorney general's office in Illinois, the Calabasas company said Thursday. Countrywide said it had received subpoenas...Tags: Freddie Mac, Office Equipment and Supplies, Mortgages, Jerry Brown, Justice System
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Options no guarantee of success
Tribune staff reporterIn a recent speech to corporate directors in Chicago, former Federal Reserve Chairman Paul Volcker asked: "How did we get compensation to the truly grotesque levels to which I think it has risen?" He answered: "What was going on was our good friend,...Tags: McDonald's, Naperville, Career Education Corporation, Unitrin Incorporated, Corporate Officers
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Stocks soar on late rally
Associated PressInvestors' relief over companies' willingness to stand by their financial statements Wednesday sparked a late-day rally on Wall Street, sending the Dow Jones industrials soaring 260 points. The market's advance reversed an earlier sell-off as investors...Tags: Stock Broking, Credit Ratings, Applied Materials Incorporated, Economy, Business and Finance, Sales
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Winners scarce among big area firms
Tribune staff reporterChicago-area stocks have not gotten off to a particularly good start in 2003. As market benchmarks look to break the first three-year losing streak since World War II, the biggest local companies endured a rocky first quarter, with a few, mostly limited,...Tags: Illinois Tool Works Incorporated, Equity Residential, Unitrin Incorporated, Dell Inc., CNA Financial Corporation
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Cashing in coming and going
Tribune staff reporterLast year, Timothy Callahan got it coming and going. In April, he resigned as chief executive of Chicago-based Equity Office Properties Trust, receiving "separation pay" of $1.65 million, roughly equal to a year's salary and bonus, plus accelerated...Tags: Equity Office Properties Trust, Motorola, Inc., Corporate Officers, Allstate Corp., Employers
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Some new realities await opening bell at exchanges
Tribune markets columnistStock prices face potentially sharp adjustments to new global economic realities as soon as trading resumes. Trading has been frozen since last Monday, but investor sentiment toward equities has ebbed and flowed with each news headline. Generally,...Tags: Illinois Tool Works Incorporated, Nicor Incorporated, Air Transportation Industry, Unitrin Incorporated, CNA Financial Corporation
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Some companies restate finances
Associated PressInvestors jarred by a wave of accounting scandals were jostled by smaller ripples Wednesday, as several big companies restated their finances against a deadline to swear to the accuracy of financial reports. After waiting until the last minute, scores of...Tags: W.R. Grace & Co., Paul O'Neill, McCormick & Company Inc., Allegheny Energy Inc., Corporate Officers
Dec 14, 2007
|Story| Los Angeles Times
May 4, 2003
|Story| Chicago Tribune
Aug 14, 2002
|Story| Associated Press
Apr 7, 2003
|Story| Chicago Tribune
May 4, 2003
|Story| Chicago Tribune
Sep 16, 2001
|Story| Chicago Tribune
Aug 14, 2002
|Story| Associated Press
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