(Bloomberg) — NBTY Inc., the maker of Solgar nutritional supplements, agreed to be bought by the Carlyle Group for $3.8 billion in the largest acquisition by a private- equity firm this year.Carlyle will pay $55 a share in cash, Ronkonkoma, New York- based NBTY said in a statement today.
Posts Tagged ‘Credit Suisse’
Carlyle to Buy Vitamin Maker NBTY for $3.8 Billion
July 15th, 2010 
Before You Invest 
Posted in Finance Fraud 
Tags: Bank Of America, Barclays Capital, Carlyle Group, Centerview Partners, Chief Executive Officer, Credit Suisse, Ims Health, Ims Health Inc, Leveraged Buyout, Merrill Lynch, Nbty, Nbty Inc, New York Stock, New York Stock Exchange, Nutritional Supplements, Private Equity Firm, Private Equity Firms, Scott Rudolph, Vitamin Maker, York Stock Exchange 
Comments OffProbe of US Banks Continues
May 13th, 2010 Before You Invest U.S. authorities are expanding their probes of past mortgage securities deals, with New York’s attorney general opening an investigation into whether eight banks misled rating agencies, a source familiar with the matter said.New York Attorney General Andrew Cuomo’s office on Wednesday served subpoenas on four U.S.
Posted in Finance Fraud Tags: Attorney General Andrew Cuomo, Bank Of America, Credit Agricole, Credit Suisse, Criminal Probe, Federal Prosecutors, Goldman Sachs, Goldman Sachs Group, Goldman Sachs Group Inc, Merrill Lynch, Morgan Stanley, Mortgage Bond, Mortgage Securities, New York Attorney General, New York Attorney General Andrew Cuomo, Sachs Group Inc, Subpoenas, Subprime Mortgage Meltdown, Wall Street Journal, York Attorney General Andrew Cuomo Comments OffCredit Suisse CEO Earns $17.9 Million
March 29th, 2010 Before You Invest Credit Suisse Group Chief Executive Brady Dougan got $17.9 million for 2009, the Swiss bank said Thursday. The payout was more than six times what he got in 2008, reflecting Credit Suisse’s swift recovery from the financial crisis.Mr. Dougan’s pay for 2009 was nearly double the $9.6 million that Goldman Sachs Group paid CEO Lloyd Blankfein, even though Goldman made 40% more in net income last year than Credit Suisse.
Posted in Finance Fraud Tags: 6 Million, Brady Dougan, Ceo, Credit Suisse, Credit Suisse Group, Financial Crisis, Goldman Sachs, Goldman Sachs Group, Group Chief Executive, Lloyd, Net Income, Six Times, Swift Recovery, Swiss Bank Comments OffCredit Suisse Ordered to Pay FINRA Arbitration Award
March 25th, 2010 Before You Invest Credit Suisse Group AG, the largest bank in Switzerland by market value, was ordered by a U.S. judge to pay STMicroelectronics NV the remainder of a $431 million award over unauthorized investments in auction-rate securities.The arbitration award, ordered in 2009 by the Financial Industry Regulatory Authority, was affirmed on March 19 by U.S.
Posted in Finance Fraud Tags: Arbitration Award, Arbitration Case, Auction Rate, Broker Dealers, Credit Suisse, Credit Suisse Group, District Judge, Financial Industry Regulatory Authority, Group Ag, Judge Deborah Batts, March 19, Risky Securities, Securities Arbitration, Semiconductor Maker, Stmicroelectronics Nv, Straws, Student Loans, Unauthorized Investments, Underwriters, Unpaid Balance Comments OffReports this week
March 1st, 2010 Before You Invest MONDAYEarnings: Before -DISH, IPI ; After -IOC Other: Personal Income, Personal Spending, PCE Deflator, PCE Core, ISM Manufacturing, Construction Spending, Morgan Stanley Tech, Media & Telecom Conf, Australia Interest Rate Choice, Leno Returns to Tonight Show, PG&E Investor DayTUESDAYEarnings: Before- AZO, SPLS ; After-URSOther: Beige Book, Vehicle Sales, Obama Town Hall on Jobs, Economy, Qualcomm Shareholders Meeting, Ballmer Speaks at Search Marketing Conf., Geneva Auto Show, Charles Schwab Outlook SurveyWEDNESDAYEarnings: Before – CCE, DF, ICE, MT, NYT, S, SNI, SNY, WYN ; After – ALL, ATVI, BSX, PRU Other: MBA Mortgage Applications, Trade Balance, Credit Suisse Financial Services Forum, Chicago Auto Show, Fed’s Plosser Speaks. THURSDAYEarnings: Before – BUD, URBN ; After – MRVL Other: Retailers Report Feb Sales, Pandit Testifies at COP Hearing, CNBC Premiere Tom Brokaw Reports: Boomer$, Bristol-Myers Squibb Investor Day FRIDAYEarnings: Before: WPP Group Other: JOBS REPORT, Pending Home Sales
Posted in Finance Fraud Tags: Atvi, Bristol Myers, Bristol Myers Squibb, Charles Schwab, Chicago Auto Show, Credit Suisse, Credit Suisse Financial Services, Deflator, Geneva Auto Show, Interest Rate Decision, Investor Day, Ism Manufacturing, Jobs Economy, Morgan Stanley, Mortgage Applications, Shareholders Meeting, Spls, Tom Brokaw, Urbn, Wpp Group Comments OffGoldman Sachs sues former execs over Credit Suisse switch
February 19th, 2010 Before You Invest Goldman Sachs is suing seven of its former executives who transferred to a unit of Credit Suisse based in the US.The seven went to Credit Suisse Securities USA after resigning from Goldman Sachs earlier this month, reports Bloomberg.In its court filing, Goldman Sachs accused its former employees of immediately soliciting clients working with the bank.It also alleges that the Credit Suisse division offered “tens of millions of dollars” to the wealth managers to transfer companies in what was marked an act of “pirating”.Goldman Sachs is now seeking a court order against the executives to prevent them from disclosing proprietary details and recruiting former clients. According to the lawsuit, one of the wealth managers, David Greene, was offered $11 million by Credit Suisse to change firms.Last month, Goldman Sachs announced it was cutting its pay-to-revenue ratio to 36 per cent – the lowest recorded figure since the company went public back in 1999.
Posted in Finance Fraud Tags: Act, Credit Suisse, David Greene, Execs, Goldman Sachs, Recruiting, Tens, Wealth Managers Comments OffCredit Suisse global country risk
February 13th, 2010 Before You Invest Below is a Credit Suisse table ranking countries by perceived country risk. Usual suspects Iceland and Greece unsurprisingly make the top of the list. Yet what struck us was how terribly the U.S. ranked. According to Credit Suisse, it has more sovereign risk than Kazakhstan even.It appears that U.S.
Posted in Finance Fraud Tags: Countries, Country Risk, Credit Default Swap, Credit Risk, Credit Suisse, Global Country, Government Debt, Greece, Iceland, Kazakhstan, Private Sector, Sovereign Risk, Swap Cds, Usual Suspects Comments OffReports this week
February 8th, 2010 Before You Invest MONDAYEarnings: Before – CVS, HAS, L, NDAQ, ; After – ERTS, LNC, VMC Other: Goldman Sachs Ag Biotech ForumTUESDAYEarnings: Before -AGU, BIIB, BJS, CVH, IACI, KO, NYX, PHM, TAP, UBS, ; After – BIDU, DIS, EOG, LGFOther: Wholesale Inventories, API Crude Data, MacWorld Starts, McDonald’s Jan.
Posted in Finance Fraud Tags: Atvi, Biib, Chicago Auto Show, Credit Suisse, Credit Suisse Financial Services, Crude Data, Cvh, Expe, Goldman Sachs, Iaci, Initial Jobless Claims, Jan Retail Sales, Miami Boat Show, Mortgage Applications, Ndaq, Olympics Opening Ceremonies, Sachs Ag, Wholesale Inventories, Winter Olympics, Winter Olympics Opening Ceremonies Comments OffUK bonus tax set to raise billions
January 26th, 2010 Before You Invest The 50 per cent tax on banking bonuses in the UK may bring in as much as £3 billion ($4.8 billion) in revenue, it has been suggested.Government sources told the Guardian that there have been higher-than-expected payouts made by large banks operating in the UK, meaning that initial forecasts regarding how much the levy would raise were significantly underestimated.In December, British chancellor Alistair Darling said that he expected the one-off tax, which applies to bonuses of more than £25,000, was going to raise around £550 million. The officially revised estimate of how much the tax will bring in will be revealed in the Pre-Election Budget in a few months’ time.At that point, it will be clear how much each bank operating in the City of London is plotting to pay its staff.Among the firms yet to reveal their remuneration levels are HSBC, Royal Bank of Scotland and Barclays.Last week, Credit Suisse revealed it was going to cut the bonuses of its UK-based managing directors by 30 per cent, while also instigating a five per cent cut for the rest of its staff around the world to shoulder the burden of the levy.
Posted in Finance Fraud Tags: 50 Cent, Alistair Darling, Bank Of Scotland, Banks, Barclays, Billions, Bonus, British Chancellor, Budget, City Of London, Credit Suisse, Government Sources, Guardian, Initial Forecasts, Levy, Remuneration Levels, Royal Bank Of Scotland Comments OffCredit Suisse sues former exec for stealing confidential information
December 21st, 2009 Before You Invest Credit Suisse Securities is suing one of its former vice presidents over allegations that he stole its method for valuing companies and then tried to patent it as his own invention.David Trainer left the company in October 2000 to set up his own research company and received a $168,000 severance package from the financial institution.Credit Suisse claims that he broke the terms of the deal by using its own research model for his new private equity firm, Trainer and New Constructs.The case centres around the Valuesearch product, which gives clients who use it an advantage over their competitors by focusing only on the most reliable market data.Earlier this week, Credit Suisse agreed to pay a $536 million settlement in relation to allegations that the company illegally helped clients in countries under US sanctions to carry out financial transactions with American companies.Prosecutors told Reuters that the company had been involved in the practice for decades, helping companies from Iran, Libya and Sudan.
Posted in Finance Fraud Tags: Allegations, Confidential Credit, Confidential Information, Credit Suisse, Decades, Exec, Financial Institution, Financial Transactions, Information Credit, Invention, Iran, Libya, Patent, Private Equity Firm, Prosecutors, Research Model, Reuters, Severance Package, Sudan, Vice Presidents No Comments »
