SEC

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Fidelity Pays $8M in SEC Gift Scandal

Investor giant Peter Lynch fined $20K for procuring tickets to concerts, games

(Newser) - Investment guru Peter Lynch and Fidelity Investment settled SEC charges brought against them alleging that Lynch used Fidelity traders to procure tickets to high-profile concerts and sporting events. Lynch, vice chairman of Fidelity's parent company, agreed to pay $15,948 for the tickets, plus $4,183 in interest. Fidelity will...

Memphis Claims 3rd Straight C-USA Title

Texas Tech upsets No. 5 Texas, Arkansas does same to Vandy

(Newser) - No. 2 Memphis clinched its third straight Conference USA regular-season title with a 76-67 win over Southern Mississippi today, reports the Associated Press. Derrick Rose led the Tigers (28-1, 14-0) with 24 points as they won their 37th consecutive conference game. The Tigers have been in the top two in...

Vandy Makes Sure UT's Stay at No. 1 is Short

Commodores raise record to 6-3 at home vs. top-ranked teams

(Newser) - If your program has never been No. 1 before, the last thing you want to do is travel to a school that is 5-3 all-time at home against top-ranked teams. Tennessee got to do just that last night, and No. 18 Vanderbilt's 72-69 victory will likely knock the Vols from...

Jury Convicts Ex-Insurance Execs in Fraud

Five General Re and AIG officials face jail over scheme to deceive investors

(Newser) - A federal jury yesterday convicted five former insurance executives of fraud, conspiracy, and making false statements to the Securities and Exchange Commission as part of a scheme to deceive investors, Bloomberg reports. The convictions stem from a sham transaction in 2000 between General Reinsurance Corp. and American International Group that...

Visa Plans $17B IPO in Risky Market
Visa Plans
$17B IPO in Risky Market
Feb 25, 2008 8:55 AM CST

Visa Plans $17B IPO in Risky Market

Public offering would be the biggest in Wall Street history

(Newser) - Visa is hoping to surpass rival MasterCard’s 2006 stock market debut with a $17 billion IPO that would be the largest in Wall Street history. The company today said it hopes to sell some 406 million shares for $37 to $42 each, reports the Wall Street Journal. The biggest...

Memphis Perfect No More
Memphis Perfect No More
Feb 24, 2008 5:19 AM CST

Memphis Perfect No More

No. 2 Vols upset No. 1 Tigers in 66-62 stunner

(Newser) - The match-up between No. 1 Memphis and No. 2 Tennessee was hyped to high heaven, and lived up to nearly every expectation, writes the Tennessean. The Volunteers relished their role of spoiler, playing hard and hungry to secure a 66-62 victory and run a perfect 45-game stretch of Tigers wins....

No. 5 Duke Skies Over St. John's
No. 5 Duke Skies Over
St. John's
Feb 23, 2008 8:08 PM CST

No. 5 Duke Skies Over St. John's

Vanderbilt whips Georgia, Nebraska upsets Texas A&M

(Newser) - No. 5 Duke used a 32-9 run at the end of the first half to cruise past St. John's 86-56 today in a non-conference game, reports the Associated Press. The win snaps a two-game losing streak for the Blue Devils, who have won an NCAA-best 59 straight non-conference games at...

Calipari Gets No. 400 as Memphis Rolls

Tennessee bludgeons Auburn, Butler edges Illinois-Chicago

(Newser) - Coach John Calipari earned his 400th victory last night, as his No.1 Tigers easily defeated Tulane, 97-71. The victory continues an intimidating Memphis regular season winning streak dating back to March 2006, including 35 straight conference victories, the AP reports. Chris Douglas-Roberts scored 29 to lead the Tigers' attack....

No. 1 Tigers Ready for No. 2 Vols
No. 1 Tigers Ready for No. 2 Vols
Feb 18, 2008 9:47 PM CST

No. 1 Tigers Ready for No. 2 Vols

Volunteer State gears up for 1-2 matchup

(Newser) - The No. 1 and No. 2 teams in the country will square off for 38th time in NCAA history when the top-ranked Memphis Tigers meet intrastate rival Tennessee on Saturday night. Undefeated Memphis is coming off its closest game of the season, a 79-78 win against UAB. Losses by Kansas...

Lofton Lifts Tennessee With Big Second Half

No. 4 Volunteers stave off pesky Georgia for seventh straight win

(Newser) - When Georgia took a lead early in the second half yesterday, Chris Lofton knew it was time to take control for Tennessee. Lofton scored 19 of his 22 points in the second half, allowing the Volunteers to escape with a 74-71 SEC win, the AP reports. Lofton hit only one...

Despite Sass, Houston Can't Tip Memphis

Tennessee cruises past Arkansas, So. Illinois shocks Drake

(Newser) - The first-ranked Memphis Tigers may have given Houston some hope with a 37-35 first-half lead, but they weren't about to give the game away. Holding the tough-talking Cougars to 29% shooting after the break and pulling in 13 more rebounds, Memphis kept its record perfect with a 68-59 victory. In...

Hansbrough, Heels Stave Off Virginia
Hansbrough, Heels Stave Off Virginia
Feb 13, 2008 12:58 AM CST

Hansbrough, Heels Stave Off Virginia

Vanderbilt rocks Kentucky, Louisville cruises past DePaul

(Newser) - It took a baby hook from Tyler Hansbrough with only seconds left in regulation for No.5 North Carolina to escape the determined Cavaliers last night, 75-74. Hansbrough finished with 27, and the Tar Heels survived another nail biter following Sunday's double OT victory over Clemson. Virginia have lost ten...

Vanderbilt Beats South Carolina in Last Second

Beasley carries Kansas St., Michigan St. cruises past Northwestern

(Newser) - Shan Foster led the way with 21 points, but it was Jermaine Beal who saved day today for No. 23 Vanderbilt. Beal drove the length of the court and hit a short fadeaway with 0.6 left to lift the Commodores to a 66-65 SEC win over South Carolina today,...

Tennessee's Smith Steals One From LSU

Texas comes back to beat Iowa State, Florida ends losing streak

(Newser) - JaJuan Smith made sure No. 7 Tennessee didn't hand Butch Pierre a win in his first game as interim coach for LSU. Smith picked the ball from Marcus Thompson and went the distance for a layup to give the Volunteers a 47-45 SEC win today, reports the Associated Press. The...

No. 12 Texas Tops Oklahoma in Norman

Red-hot Huskies beat Orange, No. 23 Vandy Bests Georgia

(Newser) - The Longhorn’s backcourt duo of A.J. Abrams and D.J. Augustin scored 41 points as No. 12 Texas beat rival Oklahoma 64-54. The Sooners kept it close deep into the second half but an Abrams jumper with 9:41 remaining in the second half gave Texas the lead...

Volunteers Rout Gators
Volunteers Rout Gators
Feb 6, 2008 1:08 AM CST

Volunteers Rout Gators

Lofton leads Tennessee to best start in school history

(Newser) - Chris Lofton drained six 3-pointers on his way to 26 points as No. 7 Tennessee roughed up Florida 104-82. The Gators actually led by as many 13 points in the first half, and were up 48-44 at the break, but the Volunteers came out firing in the second half, outscoring...

Penn State Shocks No. 8 Michigan State

Arkansas crushes Florida, South Carolina upsets Ole Miss

(Newser) - Penn State was hitting 59% of its free throws, had lost six straight and hadn't beaten a ranked team in two years. So of course the Nittany Lions went out yesterday and made 16-of-20 free throws to shock No. 8 Michigan State 85-76 in a Big Ten upset, reports the...

Feds Eye UBS as Subprime Probe Widens

Criminal prosecutors target Swiss banking giant for mispricing

(Newser) - US criminal prosecutors investigating the subprime mortgage mess want to find out if UBS deliberately misled investors, the Wall Street Journal reports. The Swiss banking giant may have put mortgage bonds on its books at high prices despite knowing their valuations had plummeted. There are multiple probes into the mortgage...

SEC Delves Deeper Into Execs' Pay
SEC Delves Deeper Into Execs' Pay
Jan 29, 2008 3:28 PM CST

SEC Delves Deeper Into Execs' Pay

Regulator pushes companies to reveal criteria for measuring performance

(Newser) - The SEC wants companies to tell shareholders how they measure an executive’s performance when calculating pay, but companies are balking, reports the Wall Street Journal. Their reticence has prompted the commission to send out a second wave of letters to some of the 350 companies it originally queried after...

Lofton, Tennessee Crush Georgia
Lofton, Tennessee Crush Georgia
Jan 27, 2008 2:43 AM CST

Lofton, Tennessee Crush Georgia

Stanford's twins too much for Cal, Drake beats N. Iowa

(Newser) - Tennessee's Chris Lofton nearly outplayed the Bulldogs alone in the first half of yesterday's match up, the AP reports. Lofton had 20 points in the half to give the No.3 Volunteers a 44-23 lead which they would not come close to relinquishing. He finished with a season high 27...

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