Commercial real estate vacancies show no sign of dot-bomb 2.0
Recent reports from local real estate trackers put the amount of office space relinquished by local companies in the last quarter at the highest it has been since the third quarter of 2002 — 436,933 sq. ft, according to commercial broker CB Richard Ellis, or the equivalent of nearly all the space in the Transamerica…
Former Monster president charged with winkling $13.5 million from shareholders
Federal prosecutors allege former Monster.com president and COO James Treacy bolstered the value of his company stock options through illegal backdating, which is when executives retroactively fix the books so it looks like they were granted company shares at a lower value than where they actually traed, increasing…
Monster, Palm and three other tech companies own $856 million in paper no one wants to buy
Instead of holding onto cash, tech firms such as Monster, Palm, Intuit, EarthLink and MetroPCS in recent years bought something called auction-rate securities. Basically — very basically — that means these companies loaned out around $856 million because banks told them they'd earn more than they would just holding on…
