BUSINESS BRIEFS
Greenspan hires memoir sidekick
Advertiser Staff and News Services
NEW YORK — Alan Greenspan has selected a Fortune magazine veteran, Peter Petre, to assist on his memoirs, for which the former Federal Reserve chairman received a reported $8.5 million.
Greenspan's literary representative, Washington, D.C., attorney Robert Barnett, said yesterday there were three reasons for choosing Petre, a senior editor at large at Fortune: His experience working on best-sellers, including retired Army Gen. H. Norman Schwarzkopf's "It Doesn't Take a Hero"; his expertise on economic issues; and, "He's a delightful guy to work with."
MAXIM PLANS HOTEL CASINO
LAS VEGAS — Maxim, the racy monthly "lad mag," plans to lend its name to a more than $1.2 billion hotel casino that would open in 2010 on the Las Vegas Strip, the publisher said yesterday.
Maxim plans to partner with real-estate developer Concord Wilshire Partners LLC to build the 2,300-room Maxim Hotel & Casino with a 60,000-square foot casino on nine acres just north of the Circus Circus casino hotel. Construction is expected to begin in late 2007.
TOP FUND CHIEF ARRESTED IN JAPAN
TOKYO — Japan's best-known fund manager, Yoshiaki Murakami, was arrested yesterday on suspicion of insider trading in a case that is drawing intense attention in a nation where aggressive investment funds are still relatively rare.
Murakami, president of MAC Asset Management, widely known as the Murakami Fund, acknowledged earlier yesterday that he had engaged in insider trading. Authorities arrested Murakami in the afternoon for alleged violations of Japan's Securities Laws, the Tokyo District Prosecutor's Office said in a statement. Investigators also have raided the Tokyo headquarters of MAC Asset Management and related properties, the statement said.
