Finance News Archive

12-Aug-2005

• 'WorldCom's ex-finance chief gets five years (The Tucson Citizen)
NEW YORK - WorldCom Inc.'s former Finance chief, Scott Sullivan, was sentenced yesterday to five years in prison. U.S. District Judge Barbara Jones called him "the architect" of the company's $11 billion fraud, but gave him a break because he helped convict his one-time boss, CEO Bernard Ebbers.
• 'Dawson proposes changing finance department of school district (Benton Courier)
In his first school board meeting since becoming interim superintendent of the Benton School District, Dr. Fred Dawson recommended a reorganization of the district's Finance department, which he says will save the district about $20,000 annually.
• 'HK Wharf Finance Issues HK$300M Notes Due 2008 Via HSBC (Dow Jones via Yahoo! Asia News)
HONG KONG (Dow Jones)--Wharf Finance (BVI) Ltd., an arm of local conglomerate Wharf (Holdings) Ltd. (0004.HK), is offering HK$300 million fixed-rate notes due 2008, lead manager HSBC said Friday.
• 'Finance center gets high marks from panelists (The Indianapolis Star)
Commission on base closings seems receptive to adding jobs in Marion County. WASHINGTON -- A member of the commission that will decide which military facilities gain or lose jobs praised a Defense Department finance center located in Marion County where the Pentagon wants to add workers.
• 'Finance Asia Names HDFC Bank Best In India (Asia Pulse via Yahoo! Australia & NZ News)
The HDFC Bank (BSE:500180) has bagged an award from Hong Kong-based publication 'Finance Asia'.
• 'Finance committee hears from office holders (Monmouth Review Atlas)
Several Warren County office holders gave reports Thursday afternoon during the county board's finance committee meeting.
• 'HK Wharf Finance Issues HK$300M Notes Due 2008 Via HSBC (Dow Jones via Yahoo! Australia & NZ Finance)
DJ HK Wharf Finance Issues HK$300M Notes Due 2008 Via HSBC HONG KONG (Dow Jones)--Wharf Finance (BVI) Ltd., an arm of local conglomerate Wharf (Holdings) Ltd. (0004.HK), is offering HK$300 million fixed-rate notes due 2008, lead manager HSBC said Friday. Terms for the issue are as follows: Amount: HK$300 million Maturity: Aug. 25, 2008 Coupon: 4.43% Coupon
• 'SocGen flexes Russian finance arm (The Deal)
Société Générale SA announced Friday, Aug. 12, it has agreed to buy mortgage lender DeltaCredit Bank from Delta Private Equity Partners , the French bank's second foray into the booming Russian consumer Finance market this year.