Merrill Lynch, Springfield, and the Secret CDO Wasteland

Once upon a time, economic whiz bangs said subprime distress would pass through the financial system like you-know-what through a goose. Subprime was only a relatively small part of the mortgage market and not all borrowers were defaulting. Sure, a few mortgage lenders might...

Why Supermodel Bundchen. Hedge Funds Dumping Dollars, China’s plans, and Fr...

Supermodel Bundchen Joins Hedge Funds Dumping DollarsGisele Bundchen wants to remain the world's richest model and is insisting that she be paid in almost any currency but the U.S. dollar.Like billionaire investors Warren Buffett and Bill Gross, the Brazilian supermodel, who...

SEC Refuses Additonal Extensions for SMB Sarbanes-Oxley Compliance

The costs of compliance with the Sarbanes-Oxley Act for small and medium businesses is tremendous. The SEC has already granted them four extensions, but now is saying "no more"."WASHINGTON (Reuters)— The U.S. Securities and Exchange Commission has no plans to give small...

Religion-Related Fraud Getting Worse - Forbes.com

"Randall W. Harding sang in the choir at Crossroads Christian Church in Corona, Calif., and donated part of his conspicuous wealth to its ministries. In his business dealings, he underscored his faith by naming his investment firm JTL, or "Just the Lord." Pastors...

Truthdig - Reports - Molly Ivins: The Suicide of Capitalism

Molly Ivins notes that when the Long Term Capital Management hedge fund went belly up in the 1998, it nearly wrecked the world economy. So why, she wonders, are we allowing well-connected Republicans to prevent the SEC from staving off the next catastrophe?

Comverse Expands Its Multimodal Capabilities - Signs Agreement To Acquire Odi...

Comverse and Odigo have had a long standing-partnership. Together they developed instant communications products and services which are offered to operators around the world. This partnership is being taken to the next level. The combination of Comverse and Odigo offerings...

Chairman and CEO of Comverse

He resigned four days ago.

Comverse headquarters in Woodbury, New York

Here's a photograph of Comverse headquarters:

Comverse Technology stock falls amid federal probe

The Chief Executive, Chief Financial Officer and General Counsel have resigned.