Warren Buffett“A public opinion poll is no substitute for thought.”
Adlin Sinclair“Success is a welcomed gift for the uninhibited mind.”
Greek PM now says does not need EU or IMF support »
Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do not invest money [...]
SEC says Lehman report will be helpful (Reuters) »
, a top regulator said on Wednesday.
, testifying at a congressional hearing, provided scant details on who and what the agency is probing.
But Schapiro said the report would be “helpful to us.”
and its auditor,
, after a report found the
used accounting gimmicks before it filed for bankruptcy in September 2008.
“It [...]
Author Lewis says Wall Street reckoning is coming »
(Reuters) – Wall Street’s biggest banks could be broken up by the Congress in the coming year in an eventual reckoning over the financial meltdown of 2008, “Liar’s Poker” author Michael Lewis said on Tuesday.
Lewis, promoting his latest book “The Big Short: Inside the Doomsday Machine” about the crisis, predicted a war will be [...]
Fed’s Kohn says to leave Fed June 23 »
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which requires fair presentation and [...]
Fed’s Hoenig says fiscal strains pressuring Fed »
Growing mountains of U.S. government debt will increase pressure on Federal Reserve to hold interest rates low, making it harder to avoid inflation, a senior Fed official said on Tuesday.
“The current outlook for fiscal policy poses a threat to the Federal Reserve’s ability to achieve its dual objectives of price stability and maximum sustainable [...]
Geithner says zeal for bank reform intact »
IQALUIT, Canada (Reuters) -
Treasury Secretary Timothy Geithner insisted on Saturday that major economies were not easing up on their commitment to stiffen the rules for banks just because the global economy was recovering.
“We all share a deep commitment to try to move forward and reach agreement on a strong, comprehensive set of financial [...]
Kraft says will delist Cadbury from London stock market (AFP) »
next month after winning control of more than 75 percent of the group's shares.
Kraft announced in a statement that it has received acceptances from shareholders representing 75.41 percent of stock, allowing it to give notice to delist Cadbury from the
.
The move will end Cadbury's 186-year history as an independent British company, whose [...]
NYSE says stock quotes delay issue resolved (Reuters) »
.N), which runs the
, said on Thursday it had resolved
and the NYSE Amex cash markets earlier in the session.
“That issue has been resolved. The initial problem was sending out quotes that were stale,” said Ray Pellecchia, NYSE Euronext spokesman.
He added that trading had been unaffected and the cause of delays were [...]
China says Google, foreign firms must respect laws »
China says Google, foreign firms must respect laws
BEIJING (Reuters) – Foreign firms, including Google, must respect Chinese laws and customs, China’s foreign ministry spokesman said on Tuesday, a week after the world’s largest search engine said it might pull out of China due to hacking and censorship.
Ma Zhaoxu said he did not know [...]
POSCO says Buffett wants to buy more POSCO shares »
SEOUL (Reuters) – South Korea’s POSCO said on Tuesday U.S. investor Warren Buffett, whose investment vehicle owns 4.5 percent of the world’s No.4 steelmaker, had indicated he wanted to buy more POSCO stocks.
POSCO said in a statement that the U.S. billionaire said he wanted to own more POSCO stocks after missing the opportunity to [...]