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Bank of New York Mellon probed over auction-rate securities

Market Watch (Free subscription) | 08/08/2008

BOSTON (MarketWatch) -- Bank of New York Mellon Corp. in a securities filing Friday said the Securities and Exchange Commission is conducting an investigation after the company disclosed to the SEC that Mellon Financial Markets LLC placed orders on behalf of issuers to purchase their own auction-rate securities. Mellon Financial Markets is "cooperating fully" with the SEC in the probe, according to...

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Martin Whitman Buys Power Corp Of Canada, USG Corp., MDC Holdings Inc., Adds Mellon Financial Corp, Sells TXU Corp.

GuruFocus Updates (Free subscription) | 06/30/2007

Legendary investor Martin Whitman rarely sells stocks! When he buys, he holds it forever! If he sells, it might mean it is overvalued. He is finding opportunities homebuilding sector. These are his new buys and added positions.

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