IN THE REGION Atlas America forms Lightfoot Capital Partners Atlas America Inc., Philadelphia, said it formed Lightfoot Capital Partners L.P. with $160 million in initial equity funding to create master limited partnerships and provide capital to existing ones. Lightfoot will concentrate on such assets as infrastructure and coal....
BRIDGEPORT, Conn. -- A federal judge sentenced Walter Forbes, the former chairman of Cendant, to 12 1/2 years in prison Wednesday, bringing an end to a criminal inquiry that began almost a decade ago. With the jail term, Forbes becomes the latest member of a rogues' gallery of former CEOs...
WASHINGTON AFP — The former chairman of Cendant Corp. was sentenced to over 12 years in prison in connection with a massive accounting fraud dating back to the 1990s, US prosecutors said. A judge in Connecticut ordered the sentence of 12 years and seven months for Walter Forbes, and ordered...
DUBLIN, Ireland -- Research and Markets (http://www.researchandmarkets.com/reports/c80574) has announced the addition of "Cendant: Company Profile" to their offering.
When CEOs sell their multimillion-dollar homes, it's usually because they're relocating to a different market, or trading up to an even bigger house. In the case of Walter Forbes, the former Cendant chairman whose baronial 8-acre estate in New Canaan, Conn., is on the market for $12.5 million, the reasons...
NEW HAVEN, Conn. AP -- A federal jury found former Cendant Corp. Chairman Walter Forbes guilty of conspiracy to commit securities fraud and two counts of making false statements Tuesday in a massive fraud scheme that cost the travel and real estate company and its investors more than $3 billion....
The longest-running white-collar-criminal saga of the past decade finally came to a close Tuesday in Bridgeport, Conn., where a jury found former Cendant chairman Walter Forbes guilty of conspiracy in the $252 million overstatement of his company's earnings. The fraud, exposed in April 1998, precipitated one of the biggest sell-offs...
BRIDGEPORT, Conn. -- The retrial of former Cendant chairman Walter Forbes took a new twist Monday when Henry Silverman, the hard-driving founder of HFS, testified about his decision to merge HFS in 1997 with Forbes' firm, CUC International, to form Cendant. Following the merger, in April 1998, Cendant disclosed that...
BRIDGEPORT, Conn. -- For the third time in the past two years, prosecutors on Tuesday accused former Cendant chairman Walter Forbes of masterminding an accounting fraud that inflated his company's earnings by $252 million. The disclosure of the fraud in April 1998 caused Cendant's share price to plummet 50%, wiping...
Byline: Aaron Elstein Investors in Cendant Corp. are a long-suffering lot, but at last their payday may be near. The company, an unwieldy agglomeration put together by former private equity executive Henry Silverman, never clicked. Earnings sta Byline: Aaron Elstein...
AIRLINE INDUSTRY INFORMATION-C1997-2006 M2 COMMUNICATIONS LTD Galileo International, a global distribution system GDS and subsidiary of Cendant Corp (NYSE: CD), has made a five-year, full content agreement with Continental Airlines. The company said that through the agreement all of Continental's published fares and inventory will be available to...
AIRLINE INDUSTRY INFORMATION-C1997-2006 M2 COMMUNICATIONS LTD Galileo International, a global distribution system GDS and subsidiary of Cendant Corp (NYSE: CD), has made a seven-year, full content agreement with Delta Air Lines. Under the terms of the agreement all of Delta's published fares and inventory will be available to...
Despite a cooling housing market, Cendant Corp. might be snapping up the Hamptons' largest private residential seller in a deal estimated at $40 million.
ITHACA - The School of Hotel Administration at Cornell University has announced a partnership with Cendant Hotel Group to provide international hotel franchisees with classroom-based and online hospitality-management courses. The move expands the hotel school's relationship with New York Citybased Cendant (NYSE: CD), which has been a sponsor of Cornell's...
Cendant Corp. announced a plan to separate the company into four independent, publicly-traded, pure-play companies--one each for Cendant's real estate, travel distribution, hospitality and vehicle rental businesses. ... Cendant Corp. announced a plan to separate the company into four independent, publicly-traded, pure-play companies--one each for...
Rightmove appointed Scott Forbes, a former director of the US group Cendant, as executive chairman yesterday as the property website mulls a pounds 150m flotation. The news came in a surprise statement from Countrywide, the UK's biggest estate agency chain, which has a 30 per cent stake...
Cendant Travel Distribution Services TDS, a division of Cendant Corp., has announced a multi-year agreement to provide Virgin America with Cendant TDS' next-generation Passenger Services System PSS, aiRES. Virgin America, a new ... Cendant Travel Distribution Services TDS, a division of Cendant Corp.,...
National Report--Competition among hotels for summer business is expected to be at a fever pitch, which means travelers won't have to look far to find a good lodging deal. Most major hotel chains are offering value-based summer promotions to take advantage of the already strong leisure travel demand, which...
