With $1.4 billion of debt maturing in the second half of 2009, observers expected Inland Western Retail Real Estate Trust to cut its dividend to conserve cash to help refinance this debt. This nonlisted REIT had been paying an annualized dividend of $0.64 per share which translates to a 6.4% yield based on the price ($10) at which the company sold shares in its public offerings.
Posts Tagged ‘Extent’
Inland Western and Inland American REIT In Trouble
November 3rd, 2009 
Before You Invest 
Posted in Finance Fraud 
Tags: April, Buyback Program, Dividend Rate, Extent, Investors, Nbsp, Observers, Public Offerings, Real Estate Trust, Recourse, Redemptions, Reit, Retail Real Estate, Second Half, Shareholders, Shares 
No Comments »Hackers grab data from Swiss foreign ministry – computerweekly.com – 27 Oct 09
October 28th, 2009 Before You Invest Hackers have broken in to the Swiss foreign ministry’s computer system in an attempt to steal data, forcing parts of it to be shut down for several days.
The “professional virus attack” allowed outsiders to access the computer system to obtain information, the ministry said, but it gave no details on the nature or extent of the breach.
The “well hidden” software used to carry out the data breach was discovered by government and Microsoft technicians on Thursday last week, according to reports.
“In concrete terms, foreign ministry staff cannot use the internet for the time being but can use the internal network,” a spokesman said.
The Swiss Finance Ministry and Interior Ministry also experienced computer problems last week, but no link has been established between the three incidents.
By Warwick Ashford
Posted in Finance Fraud Tags: Ashford, Attempt, Computer Problems, Computer System, Concrete Terms, Data Breach, Extent, Finance Ministry, Foreign Ministry, Hackers, Hidden Software, Interior Ministry, Microsoft, Microsoft Technicians, Ministry Staff, Outsiders, Spokesman, Swiss Finance, Virus Attack, Warwick No Comments »ARS Update – Texas Instrument Files Against Morgan Stanley and Others
April 4th, 2009 Before You Invest Texas Instruments Inc (TXN.N) has sued Citigroup Inc (C.N), Morgan Stanley (MS.N) and Bank of New York Mellon Corp (BK.N), accusing the banks of misleading the chipmaker into buying $524 million of auction-rate securities that have become illiquid.
In a complaint filed Wednesday in a Texas state court in Dallas County, Texas Instruments said the banks falsely marketed the securities, which were backed by student loans, as a low-risk, liquid alternative to other short-term investments. It said the banks also failed to disclose the extent to which they participated in auctions to support the market.
As a result of the banks’ actions, “Texas Instruments was unable to accurately analyze the risks and possible interest rates for the auction-rate securities it was purchasing or holding,” the Dallas-based company said.
Texas Instruments is seeking to rescind its auction-rate purchases and be awarded interest and other costs.
Posted in Finance Fraud Tags: Ars, Auction Rate, Auctions, Bank Of New York, Bank Of New York Mellon, Bank Of New York Mellon Corp, Banks, Bk, Citigroup, Citigroup Inc, Dallas County Texas, Extent, Interest Rates, Morgan Stanley, Short Term Investments, Student Loans, Texas Instrument, Texas Instruments, Texas Instruments Inc, Txn No Comments »U.S. marshals assisting the SEC have been unable to serve Stanford with court orders freezing assets
February 18th, 2009 Before You Invest 
U.S. marshals assisting the SEC have been unable to serve Stanford with court orders freezing assets and appointing a receiver to run his Stanford Financial Group companies since a raid on his Houston headquarters Tuesday, Garber said.Garber said she was unaware of any warrants for Stanford’s arrest and said the SEC was still hoping for his voluntary cooperation on the civil fraud charges.”Certainly he is still subject to the court orders.
Posted in Finance Fraud Tags: Assets, Civil Fraud, Dunlap, Extent, Fbi, Financial Group, Fraud Charges, Garber, Group Companies, Holt, Houston Headquarters, Jim Davis, Laura Pendergest, Sec Investigation, Shauna, Spokeswoman, Stanford Financial, Subpoena, Voluntary Cooperation, Warrants Comments Off
