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3Vote!

Stock Market Trivia Quiz Answers

If you haven't taken the Quiz yet, click here and see if you can answer the questions first before looking at the answers. The answers have been bolded below. 1. What was the largest bankruptcy in U.S. history (as of November 2009)? a. Lehman Brothers Holdings, Inc. b. Washington Mutual c. Worldcom, Inc. d. General Motors e. CIT Group f. Enron Corp. g. Conseco, Inc. h. Chrysler...

4Vote!

Stock Market Trivia Quiz

Think you know a lot about the stock market and investing? See if you can answer all the trivia questions on this quiz. The answers will be published tomorrow. 1. What was the largest bankruptcy in U.S. history (as of November 2009)? a. Lehman Brothers Holdings, Inc. b. Washington Mutual c. Worldcom, Inc. d. General Motors e. CIT Group f. Enron Corp. g. Conseco, Inc. h....

3Vote!

Stock Market Trivia Quiz

Think you know a lot about the stock market and investing? See if you can answer all the trivia questions on this quiz. The answers will be published tomorrow. 1. What was the largest bankruptcy in U.S. history (as of November 2009)? a. Lehman Brothers Holdings, Inc. b. Washington Mutual c. Worldcom, Inc. d. General Motors e. CIT Group f. Enron Corp. g. Conseco, Inc. h....

7Vote!

Obama creates task force targeting fraud linked to financial crisis

... W. Bush went after corporate malfeasance following the accounting scandals at Enron Corp. and WorldCom Inc.Obama's task force will take advantage of new anti-fraud powers and funding enacted by Congress last spring. The Fraud Enforcement and Recovery Act authorized $245 million annually in 2010 and 2011 to hire hundreds of prosecutors, agents and other federal officials to pursue...

4Vote!

WWD Week in Review 11/06/09

... of Adidas men’s beauty products in Japan. Other done deals include Sally Beauty Holdings Inc.’s Beauty Systems Group LLC buying Shoeneman Beauty Supply Inc. for $61 million in cash, while Johnson & Johnson Consumer Products Co. inked a licensing agreement for full control of Korres branded beauty products in North America.CIT Group Inc. on Sunday filed a voluntary Chapter 11...

4Vote!

WWD Week in Review 11/06/09

... of Adidas men’s beauty products in Japan. Other done deals include Sally Beauty Holdings Inc.’s Beauty Systems Group LLC buying Shoeneman Beauty Supply Inc. for $61 million in cash, while Johnson & Johnson Consumer Products Co. inked a licensing agreement for full control of Korres branded beauty products in North America.CIT Group Inc. on Sunday filed a voluntary Chapter 11...

3Vote!

Emanuel Wants To Undo Investor Reforms

From (not the candidate, the company) Bloomberg: Emanuel Said to Press for Sarbanes-Oxley Exemption By Jesse Westbrook Nov. 2 (Bloomberg) — The Obama administration is pushing House Democrats to spare small public companies the cost of complying with investor-protection rules imposed after the accounting frauds at Enron Corp. and WorldCom Inc., according to people familiar with...

3Vote!

Emanuel Wants to Embellish Fictional Financial Statements

... of complying with investor-protection rules imposed after the accounting frauds at Enron Corp. and WorldCom Inc., according to people familiar with the efforts. Chief of Staff Rahm Emanuel is seeking the reprieve from audit requirements under the 2002 Sarbanes-Oxley Act. Payback and politics . Isn't that Rahm's specialty ?

4Vote!

Sarbanes-Oxley Exemption for Small Companies Said to Be Pushed by Emanuel

Nov. 2 (Bloomberg) -- The Obama administration is pushing House Democrats to spare small public companies the cost of complying with investor-protection rules imposed after the accounting frauds at Enron Corp. and WorldCom Inc., according to people familiar with the efforts.

5Vote!

CIT Group Files Chapter 11 Bankruptcy

As expected, lender CIT Group filed for Chapter 11 bankruptcy today. It is the fifth largest bankruptcy proceeding in U.S. history, behind Lehman Brothers Holdings Inc., Washington Mutual Inc., Worldcom Inc. and General Motors Corp. CIT listed $71 billion in assets. CIT has a Utah bank which is not part of the filing: it has $10 billion in assets. CIT is going into Chapter...