Topic: Richard Chang

Och-Ziff says SEC probe over Lehman went nowhere

NEW YORK (Reuters) - Och-Ziff Capital Management Group was a subject of a regulatory probe surrounding Lehman Brothers' 2008 collapse but the investigation went "nowhere," a lawyer for the fund company said on Wednesday. The investigation by the U.S. Securities and Exchange ...

Dell profit exceeds forecasts but shares slump

SAN FRANCISCO (Reuters) - Computer maker Dell Inc reported a stronger-than-expected profit, but warned of volatile global currencies and components shortages, and the company's shares stumbled in after-hours trade. Dell's net profit for the quarter that ended April 30 was $441 million, ...

SEC probes hedge funds' use of side pockets: report

NEW YORK (Reuters) - The U.S. Securities and Exchange Commission is taking a closer look at whether hedge fund managers abused a practice known as "side pockets" to prevent clients from withdrawing billions of dollars during the 2008 financial crisis, the Wall ...

Honeywell sees sales of up to $45 billion in 5 years

BOSTON (Reuters) - Diversified manufacturer Honeywell International Inc believes its revenue could grow to a range of $41 billion to $45 billion over five years, as the world economy climbs out of a severe recession.Chief Financial Officer Dave Anderson affirmed Honeywell's previous ...

Virgin Media considers UK secondary listing: report

LONDON (Reuters) - British-based, U.S.-listed cable operator Virgin Media < VMED.O> is considering a secondary listing of its shares in London to attract UK-based investors, according to a report in the Times newspaper.The company has been reviewing its listing as it examines ...