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Ocwen Financial (OCN) Plummets on Backdating Allegations

Shares of Atlanta, Georgia, based Ocwen Financial Corp. (OCN) fell sharply on Tuesday, bucking the strong rise in stocks across the board. Ocwen’s stock closed down 18.20%, falling $4.78 per share to close at $21.48 per share on volume of 23,268,561 shares. A New York state regulator is alleging that the company backdated thousands of
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On This Date

October 22, 1998:
Oil company Conoco, spun off from DuPont, goes public in the largest IPO in U.S. history, raising $4.4 billion.

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