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Since Sept. 8, chairman and chief executive Robert Toll has unloaded more than 4.3 million shares and pocketed at least $82.5 million in pretax net proceeds, according to filings with the Securities and Exchange Commission. At least two other insiders - director Bruce Toll and president Zvi Barzilay - have also been selling: Bruce Toll sold 352,433 shares, netting proceeds of about $7.5 million, while Barzilay dumped 200,000 shares for net proceeds of about $3.5 million, the filings reported. In some but not all cases, the insiders sold shares they had acquired through stock options that were to expire...
...program, according to Lt. Colonel Timothy Hall, the department head of Army ROTC at MIT. This year, Harvard students make up 15 out of 86. Paul E. Mawn ’63, the chairman of Advocates for Harvard ROTC, said that this trend could be due, at least in part, to the College’s decision to withdraw official recognition of the program in the 1960s. Beginning in 1969, Harvard students who wanted to enroll in ROTC had to trek to Kendall Square to train and to take ROTC courses at MIT. Harvard does not give degree credit...
...Soaring prices for posh abodes does not mean Hong Kong's economy has escaped the recession. The unemployment rate remains high - for Hong Kong at least - at 5.4%; retail sales dropped 5.5% year-on-year in July, the most recent data available. Though average prices for non-luxury housing has rebounded 25% this year, they are still a third lower than the market's all-time high, in 1997. (See pictures of Hong Kong...
...large number of Chinese buyers means growth in Hong Kong's luxury-property market could suddenly cool if Beijing decides to tighten credit. Su Ning, vice governor of the mainland's central bank, said last week that China would continue its "appropriately loose" monetary policy at least into next year, but regulators have already started to clamp down somewhat. In August, total lending by Chinese banks dropped to a third of June's levels...
...cooperate with international demands or else face tough consequences. Speaking at the U.N. on Thursday, Sarkozy noted there's been no change in Tehran's behavior despite dialogue with Iran and sanctions imposed since 2005. "Since then, there's only uranium enrichment, more centrifuges and - last but not least - a call by the leader of Iran to wipe a U.N. member nation [Israel] off the map," he said. "What are we going to do about it?" (See pictures of the French crackdown on immigrants...