Warren Buffett“A public opinion poll is no substitute for thought.”
Adlin Sinclair“Success is a welcomed gift for the uninhibited mind.”
General Growth shares rise in Big Board return (Reuters) »
.N) rose on Friday, their first day back on the
, even as the U.S. mall owner operates under bankruptcy protection.
were up 2.3 percent to $14 in late morning trade. The shares had hit a high of $14.40 earlier in the session.
U.S. REIT Index (.RMZ), which was up 1.3percent.
Although rare, General Growth [...]
Wall Street futures flat; economic data awaited (Reuters) »
, the
and the Nasdaq 100 were little changed at 0950 GMT.
At 1245 GMT, ICSC/
versus the prior week. In the previous week, sales were up 2.3 percent.
of department and chain store sales for February versus January. In the prior period, sales rose 1.6 percent.
U.S. automakers release February sales. Economists in a [...]
SEC to beef up its NYC office in 2010 (Reuters) »
and brokerages.
“We have obtained the funds to do more hiring,” said George Canellos, a former federal prosecutor and private litigator, who joined the SEC in June as the head of its New York office.
The agency plans to hire 18 people on the enforcement side, where it currently employs about 150 people in
, [...]
CFTC, SEC eye clearinghouses governance – Gensler (Reuters) »
WASHINGTON (Reuters) –
Congress should give U.S. securities and futures regulators the authority to ensure clearinghouses are protected against
, the chairman of the
said on Monday.
U.S. Senate committees
that will include new oversight for over-the-counter derivatives.
or financial stake in particular transactions,” Gensler said in remarks prepared for the Institute of International Bankers.
) [...]
Berkshire net rises, Buffett sees housing rebound (Reuters) »
said fourth-quarter profit surged, helped by derivatives bets tied to
, though
fell 40 percent as the weakened economy weighed on several businesses.
Profit rose for a third straight quarter, and full-year profit increased 61 percent, as Berkshire rebounded from perhaps its worst year since
took over in 1965.
“I was quite impressed with the [...]
SEC examines destabilizing effects of CDS (Reuters) »
, a
that can be used to speculate on an issuer's credit worthiness.
.N) and other
helped Greece arrange derivative deals.[nN25251885]
The SEC would not confirm or deny it was investigating Goldman's role in Greece.
“As an agency, we have been examining potential abuses and destabilizing effects related to the use of credit default swaps [...]
Greece downgrade fears hurt euro, stocks (Reuters) »
LONDON (Reuters) –
World stocks, the euro and commodities fell on Thursday on concerns over a potential downgrade of Greece's debt, while borrowing costs for peripheral euro zone countries rose.
firmed.
's BBB-plus rating by one or two notches within a month, citing downside risks to growth that could hinder the country's deficit-cutting plan.
said Greece [...]
SEC reins in short sellers with new restrictions (Reuters) »
WASHINGTON (Reuters) –
Securities regulators adopted a new rule to restrict short selling more than a year after the financial crisis provoked cries to rein in investors who bet on a stock's decline.
voted 3-2 on Wednesday for a rule designed in part to boost investor confidence by braking the precipitous fall of a stock.
from [...]
TSX rises for seventh session, led by golds (Reuters) »
TORONTO (Reuters) –
Toronto's main stock index finished higher for a seventh straight session on Thursday, led by
shares, which got a boost from better than expected results from
.
Barrick, the world's biggest
, led all heavyweight gainers, up 3.3 percent at C$40.94, after it announced plans to spin off its African assets into a [...]
Summers: China holdings of U.S. debt fluctuate (Reuters) »
on Thursday played down the significance of a decline in China's holdings of U.S. Treasuries.
's paring back of its portfolio as a possible sign of protest against U.S. policies.
But asked on CNBC about the move, Lawrence Summers, director of the
, said the reduction did not signal a concern and that U.S. government [...]