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Posted by admin on February 7, 2009 under News | 
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Ex-promoter faces contempt in Fla. SEC fraud case (AP)
AP – A once high-flying concert promoter of acts such as Aerosmith, Elton John and Shania Twain could face contempt charges for failing to show up in Miami for a Securities and Exchange Commission fraud case that has spawned a multimillion-dollar lawsuit against Paris Hilton.
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Oil drillers lead gains, energy sector up for the week
NEW YORK (MarketWatch) — Shares of oil and gas drilling firms led generous advances in the energy sector on Friday, as investors weighed big gains in the broad market against lower crude oil prices o…
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SEC says magnitude of Ponzi schemes growing (Reuters)
Reuters – The frequency of Ponzi schemes is not increasing but the magnitude of the frauds is, a Securities and Exchange Commission official said on Friday.
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News Corp. swings to $6.4 billion loss amid economic crisis
CHICAGO (MarketWatch) — News Corp. on Thursday said it swung to a $6.4 billion quarterly loss reflecting the sharply reduced value of its television stations and newspaper assets in the wake of the w…
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Index futures point to higher Wall Street open (Reuters)
Reuters – Futures for the Dow Jones industrial average, the Nasdaq 100 and the S&P 500 share indexes are up 0.2 percent to 0.5 percent, pointing to a higher start on Wall Street.
Posted by admin on February 6, 2009 under News | 2 Comments to Read
Stocks See Initial Weakness On Disappointing Employment Data – U.S. Commentary
(RTTNews) – Stocks showed a notable decline at the start of trading on Thursday, with the major averages seeing some further downside after ending the previous session in the red. Disappointing emplo…
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Banks could still find wiggle room in pay caps (AP)
AP – The squeeze on big paydays for executives of bailed-out banks will probably leave Wall Street plenty of wiggle room. Consultants on executive pay say the caps imposed by President Barack Obama on Wednesday will probably apply only to a few executives
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FTSE up at market close
The FTSE 100 Index rallied in the last few minutes of trade today after the Bank of England reduced borrowing costs to 1% – the lowest in its history.A late surge from Wall Street mirrored the move …
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AFP – The leading FTSE 100 shares index finished up on Wednesday, with London trading centred on Kazakhstan after the central Asian country devalued its currency by almost a fifth.
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Wall Street is getting a little daring again
NEW YORK — Investors shook off weak economic readings Thursday and placed bets on retail and technology stocks after several companies posted better-than-expected sales and profit reports. The m…
