Securities and Exchange Commission News

Henry C. Yuen, the former chairman and chief executive of Gemstar-TV Guide International Inc., was charged by the Justice Department with obstructing an investigation into accounting irregularities. via Los Angeles Times

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A Securities and Exchange Commission filing says casino owner Pinnacle Entertainment has settled with two insurance companies over Hurricane Katrina damage at its former casino in Mississippi. via The Clarion-Ledger

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“If the drought continues, TVA may have to take similar actions in the summer of 2008”

The Tennessee Valley Authority says the Southern drought has forced it to reduce hydroelectric power generation and buy costly power from others, resulting in reduced net income. via The Macon Telegraph

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“The company's shareholders need to absorb the significance of the company's first quarter losses”

Maurice "Hank" Greenberg, former chief executive of American International Group , has said the insurer is in "crisis" and urged a delay in its annual general meeting scheduled for Wednesday, according to a ... via Earth Times

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A group president of oilfield service provider National Oilwell Varco Inc. exercised options for 10,000 shares of common stock, according to a Securities and Exchange Commission filing. via Canadian Business Magazine

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JPMorgan Chase & Co said on Monday that it received a notice from federal regulators indicating that one of its units may face an enforcement action related to "the bidding of various financial instruments ... via BNET

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The Securities and Exchange Commission on Monday charged three Fort Lauderdale, Fla.-area doctors with illegal insider trading. via Palm Beach Post

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Wachovia Securities has received subpoenas and inquiries from the Securities and Exchange Commission and regulators in several states requesting information on auction-rate securities, according to a Wachovia ... via Atlanta Business Chronicle

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“I find it hard to believe that he would actually be willingly involved in something like that”

Stan Grmovsek and Gil Cornblum have been close friends ever since they met at Osgoode Hall Law School 17 years ago. via Globeinvestor.com

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The Federal Home Loan Bank of Seattle today announced financial results for the first quarter of 2008 and the filing of its first-quarter 2008 Form 10-Q with the Securities and Exchange Commission . via Earth Times

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