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SEC accuses Dallas investors of insider trading (AP)

admin — Fri, 30 Jul 2010 03:02:22 +0000

AP - Sam and Charles Wyly, Dallas billionaire investors known for their support of conservative candidates and causes, made $550 million in undisclosed profits through 13 years of insider trading, according to a Securities and Exchange Commission lawsuit filed Thursday.

Jersey Shore’s Snooki, The Situation juice the NYSE (Reuters)

admin — Tue, 27 Jul 2010 16:43:04 +0000

Reuters - "Gorilla juiceheads" fist-pumped on the New York Stock Exchange on Tuesday morning as the cast of "Jersey Shore" kicked off trading in one of the more anticipated opening bell ceremonies in some time.

US stocks brace for earnings tsunami (AFP)

admin — Sat, 17 Jul 2010 17:58:33 +0000

AFP - After a rough start to earnings season, US stocks face a tidal wave of corporate results next week amid growing worries the US economic recovery is slowing.

Apple shares slide on iPhone problems (AFP)

admin — Tue, 13 Jul 2010 16:24:23 +0000

AFP - Apple shares were down sharply on Tuesday after Consumer Reports panned the new iPhone because of reception problems and rumors swirled about a possible recall.

Bruised Wall Street stocks to get holiday breather (AFP)

admin — Sat, 03 Jul 2010 17:53:15 +0000

AFP - US stock markets, beaten down by negative economic reports, will have a holiday-shortened week to regroup before the company earnings season gets underway.

SEC sues Utah man in “sandwich in a can” fraud (Reuters)

admin — Sat, 03 Jul 2010 00:19:28 +0000

Reuters - The Securities and Exchange Commission has sued a Utah man for fraudulently misusing $139 million of investor funds on such things as a film about the Cub Scouts' Pinewood Derby car race and development of a "sandwich in a can."

SEC sues Utah man in ’sandwich in a can’ fraud (Reuters)

admin — Fri, 02 Jul 2010 17:22:52 +0000

Stocks end tough quarter with S&P 500 off 12 pct (AP)

admin — Wed, 30 Jun 2010 22:04:47 +0000

AP - BAD END TO A BAD QUARTER: The Dow Jones industrial average fell 96 points Wednesday. The Dow and the Standard & Poor's 500 had their lowest closes for the year. The S&P 500 lost 11.9 percent during the second quarter, while the Dow lost 10 percent.

Chastened Wall Street braces for mediocre jobs report (AFP)

admin — Sat, 26 Jun 2010 15:57:43 +0000

AFP - The US stock markets, chastened by less encouraging US economic indicators, face a key monthly jobs report next week that could prove negative for the first time in five months.

Bank stocks rally after financial regulation deal (AP)

admin — Fri, 25 Jun 2010 21:58:48 +0000

AP - BANKS OUTPERFORM: Bank stocks rallied after lawmakers agreed on a financial regulation bill. The bill was milder than investors feared, so they were reassured that financial companies' profits won't be devastated.