Excessive Fee Case Against RiverSource Makes Headway

Posted by admin on April 11, 2009 under News | 5 Comments to Read

Excessive Fee Case Against RiverSource Makes Headway
News that RiverSource was laying off multiple employees was not the worst news for the fund family this week. On Wednesday, the Eighth Circuit Court of Appeals said the shareholders of 11 RiverSource …

Wells Fargo earnings surprise sends market surging (AP)

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Wells Fargo earnings surprise sends market surging (AP)

AP – Stocks surged Thursday to their highest levels in two months after banking giant Wells Fargo & Co. surprised the market with an early profit report that blew past analysts’ expectations thanks to a strong increase in its lending business.

Does Wall Street reform go far enough

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Does Wall Street reform go far enough
Bernie Sanders —said that while they supported Obama, they were worried. The financial reform policies the president was pursuing were not going far enough, they told him, and the people Obama was c…

Treasurys decline as stock market rallies (AP)

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Treasurys decline as stock market rallies (AP)
AP – Treasury prices fell Thursday after a surprisingly strong profit at Wells Fargo and better-than-expected unemployment data drove investors into stocks.

China shares rise on Wall Street

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China shares rise on Wall Street
SHANGHAI (AP) — SHANGHAI (AP) ? Chinese shares rose for a second day Friday after Wall Street's overnight gains and stronger corporate earnings, ending the week up 1 percent. The benchmark Sha…

Feds: US government won’t take Madoff money (AP)

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Feds: US government won’t take Madoff money (AP)

AP – The U.S. government said Wednesday it will not try to keep any money recovered from the sale of Bernard Madoff’s assets, a message meant to reassure skittish investors who feared some proceeds might land in the U.S. Treasury rather than their pockets.

Nikkei sets 3-month high at open

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Nikkei sets 3-month high at open
The benchmark Nikkei 225 index rose 114.15 points, or 1.28 per cent, to 9030.21 in the first minutes of trading. Financial markets in Australia, Hong Kong, India, Indonesia, New Zealand, the Philippin…

Sector Snap: Airline shares lower (AP)

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Sector Snap: Airline shares lower (AP)
AP – Despite retreating oil prices, airline stocks fell Tuesday as the broader market plunged, with investors anticipating potentially bleak earnings reports.

Easter Bunny delivers the goods on Wall Street

Posted by admin on April 10, 2009 under News | Be the First to Comment

Easter Bunny delivers the goods on Wall Street
U.S. stocks shot substantially higher in a buoyant Easter rally Thursday.

Treasurys decline as stock market rallies (AP)

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Treasurys decline as stock market rallies (AP)
AP – Treasury prices fell Thursday after a surprisingly strong profit at Wells Fargo and better-than-expected unemployment data drove investors into stocks.