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Meshulam Riklis, chairman and president of the Rapid American Corporation, said he had repurchased from the Chase Manhattan Bank 330,144 common shares of AITS, Inc., or about 21.6percentnt of the AITS common stock outstand ing.
In an effort to reassure Wall Street that Sumner M. Redstone does not need to sell more shares in Viacom and CBS to address debt problems at his privately held company, Viacom said on Friday that it would end its program to buy his shares at the same rate that it repurchased from public shareholders.
Some of Chicago-headquartered MK Capital's investments include BladeLogic (sold to BMC Software for $800 million in March 2008), Multicast Media (acquired by KIT digital for $18 million last month), Kontiki (repurchased from VeriSign in May 2008), Generate, Junction Solutions, Netuitive and Machinima.
The $1.5-million 1.5-millionched lastudyrch, examined nine vehiclaunched Toyota repurchased from owners after sudden accelasttion reports.
As previously reported, the DMV in August charged Chrysler with selling 118 used "lemons" without telling buyers that the cars had been repurchased from customers because of defects.
The ornate, "L" shaped staircase is actually a reconstruction of the original 16th century staircase of the priory repurchased from an antique shop in London and includes an acanthus leaf newel cap and overscaled newel posts in its design.
Similar(53)
However, the bank did set aside about $1 billion to cover faulty mortgages that it is obligated to repurchase from Fannie Mae, Freddie Mac and private insurers.
On Wednesday, JPMorgan said it had added $1 billion to its reserves to cover faulty home loans that it was obligated to repurchase from Fannie Mae, Freddie Mac and private insurers.
The complaint also alleges that Ms. Dodge and Mr. Kenneally fraudulently accounted for expenses related to bad loans that the company had to repurchase from Wall Street investors.
Branch Hill suggested that the bank, the nation's largest, could be facing more than $70 billion in losses from mortgage securities that it may have to repurchase from Fannie Mae and Freddie Mac, as well as private investors.
Paul Miller of FBR Capital Markets, an investment bank, reckons banks have incurred losses of roughly 50% on the $31 billion of loans they have had to repurchase from the GSEs since the beginning of 2009.
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