Phony Web Site Targets Madoff Victims, Claims $1.3B Discovered In Hideout
Victims of Bernard Madoff's Ponzi scheme are being warned of another possible scam – a suspicious Web site claiming $1.3 billion has been recovered from a Madoff hideout in Malaysia and asking investors to submit personal information to obtain their share of the money. The "look-alike" site copies the artwork and structural design of the Securities Investor Protection Corp. (SIPC), the group formed by Congress to assist customers of insolvent brokerage firms that has issued the warning. It claims to represent the "International Securities Investor Protection Corp." in what is described as a classic phishing site. "We know from information provided to ...
Fearless Forecast: Gates Will Top Buffett as World’s Richest Billionaire .. Again
When Forbes releases its annual ranking of the world's richest billionaires tomorrow (Wednesday), it appears likely Warren Buffett will once again come in behind his friend and online bridge partner, Bill Gates. My extremely back-of-the-envelope calculation is based on big gains for shares of both Berkshire Hathaway and Microsoft over the past six months. A year ago, Gates beat Buffett by $40 billion to $37 billion, ending the Omaha billionaire's one-year reign at the top of the global list. Before that, Gates had been number one for the previous 13 years. We got an update last September. ...
Assistant Ditches Cursing Yahoo CEO for Much Cooler Twitter CEO
Kristen Cordle is stoked: The young executive assistant has abandoned the scary pirate captain of dying Yahoo to work for the CEO of red-hot Twitter Inc. She's already dissing her lame old company, and the competition. Cordle made appropriately sentimental noises when she left her job working for potty-mouthed Yahoo CEO Carol Bartz, tweeting that co-founder "Jerry Yang just gave me a good-bye hug :: tear::," and, under a picture of Bartz, " I'll miss these ladies...and many many more." But once Cordle was a safe distance from her fire-breathing boss, the truth came out: ...
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Phony Web Site Targets Madoff Victims, Claims $1.3B Discovered In Hideout
Victims of Bernard Madoff’s Ponzi scheme are being warned of another possible scam – a suspicious Web site claiming $1.3 billion has been recovered from a Madoff hideout in Malaysia and asking investors to submit personal information to obtain their share of the money. The “look-alike” site copies the artwork and structural design of the Securities Investor Protection Corp. (SIPC),... [Read more]
Fearless Forecast: Gates Will Top Buffett as World’s Richest Billionaire .. Again
When Forbes releases its annual ranking of the world’s richest billionaires tomorrow (Wednesday), it appears likely Warren Buffett will once again come in behind his friend and online bridge partner, Bill Gates. My extremely back-of-the-envelope calculation is based on big gains for shares of both Berkshire Hathaway and Microsoft over the past six months. A year ago, Gates beat Buffett by... [Read more]
Assistant Ditches Cursing Yahoo CEO for Much Cooler Twitter CEO
Kristen Cordle is stoked: The young executive assistant has abandoned the scary pirate captain of dying Yahoo to work for the CEO of red-hot Twitter Inc. She’s already dissing her lame old company, and the competition. Cordle made appropriately sentimental noises when she left her job working for potty-mouthed Yahoo CEO Carol Bartz, tweeting that co-founder “Jerry Yang just gave me... [Read more]
Goldman Sachs sued by big pension fund over pay
Goldman Sachs Group Inc (GS.N) was sued on Monday by a large union pension fund that accused the Wall Street investment bank of overpaying its executives. The International Brotherhood of Electric Workers fund filed the lawsuit in Delaware Chancery Court, seeking to recover money for the company on behalf of other shareholders. It seeks to stop Goldman from allocating roughly 47 percent of 2009... [Read more]
Gold ‘Unlikely’ to Be Main China Reserve Investment
Gold is “unlikely” to be China’s primary investment to diversify its reserve holdings because of price risks, Yi Gang, head of the State Administration of Foreign Exchange, said today. The “gold price has had handsome gains in recent years,” Yi said at a briefing in Beijing today. Still, “if we look at the past 30 years, it had big ups and downs.” China is the world’s largest producer... [Read more]
