The founder and managing director of Prim Capital Corporation has been charged with attempting to defraud the National Basketball Association players’ union out of $3 million with a bogus contract, federal prosecutors in Manhattan said. A complaint unsealed on Thursday charges Ohio-based Prim Capital founder Joseph Lombardo, 72, with attempted […]
Author: InvestAdvocate
First-quarter GDP seen at 3 percent but momentum ebbs
Economic growth probably gained steam in the first quarter on strong consumer spending, but the momentum is already ebbing and could slow further as the impact of automatic government spending cuts kick in. Gross domestic product likely expanded at a 3.0 percent annual rate, according to a Reuters poll of […]
Yahoo Chairman Fred Amoroso resigns
Yahoo Inc Chairman Fred Amoroso is resigning effective immediately, the struggling Internet company announced on Thursday. Amoroso will be replaced in the chairman role by director Maynard Webb Jr. on an interim basis until the company’s annual shareholder meeting on June 25. Amoroso, a former IBM Corp executive, will remain […]
