Warren Buffett“A public opinion poll is no substitute for thought.”
Adlin Sinclair“Success is a welcomed gift for the uninhibited mind.”
Senators wrestle with Fed bank oversight issues »
(Reuters) – The Federal Reserve could retain oversight of large bank holding companies under a scaled-back regulatory reform plan being considered by key senators, but important questions remained unanswered, lobbyists said on Sunday.
In a retreat from a bold proposal to streamline a patchwork bank regulatory system, lawmakers were considering keeping supervision of companies such [...]
Apple sues HTC over phones with Google software »
Apple Inc sued Taiwan’s HTC Corp, which makes touchscreen smartphones using Google software, accusing it of infringing 20 hardware and software patents related to the iPhone.
Even though the suit did not name Google Inc as a defendant, Apple’s move was viewed by many analysts as proxy for an attack on the Internet company, whose [...]
U.S. approves PepsiCo bottler buy, with conditions »
U.S. approves PepsiCo bottler buy, with conditions
PEP.N
) has won U.S. antitrust approval to buy two of its largest bottlers on condition that it take steps to safeguard a rival’s business information, the Federal Trade Commission said on Friday.
Under an agreement with the FTC, PepsiCo will set up a firewall to ensure that [...]
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 [...]
Wall Street cuts losses, ends up with techs, materials »
Wall Street cuts losses, ends up with techs, materials
Stocks erased a midday drop to end slightly higher on Friday, closing out a volatile week punctuated by mixed signals from the labor market data and growing anxiety over fiscal problems in Europe.
Major indexes turned positive heading into the close, as investors scooped up shares [...]
BAE reaches $450 mln settlement with U.S., Britain »
BAE reaches $450 mln settlement with U.S., Britain
LONDON/WASHINGTON (Reuters) – BAE Systems Plc, Europe’s biggest military contractor, will pay around $450 million in fines in the United States and Britain, settling long-running corruption investigations on both sides of the Atlantic.
In the United States, BAE, the Pentagon’s fifth largest supplier by sales, will plead [...]
EURUSD consolidates with 1.4117 being a key level today. »
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 [...]
Obama threatens fight with banks on new risk rules »
WASHINGTON (Reuters) – President Barack Obama threatened to fight Wall Street banks on Thursday with new proposals to limit financial risk taking, sending stocks and the dollar tumbling.
Obama, a Democrat who is struggling to advance his agenda after a key election loss this week, laid out rules to restrict some banks’ most lucrative operations, [...]
On Monday, bonds lingered with a positive bias in a tight sideways range for the whole session »
On Monday, bonds lingered with a positive bias in a tight sideways range for the whole session
Tue, Jan 19 2010, 08:10 GMT
On Monday,
bonds lingered with a positive bias in a tight sideways range for the whole session. The closure of US markets and the absence of economic data or other [...]
U.S. accuses J&J of kickback scheme with Omnicare »
U.S. accuses J&J of kickback scheme with Omnicare
WASHINGTON/NEW YORK (Reuters) – The U.S. Justice Department accused giant pharmaceutical company Johnson & Johnson of paying tens of millions of dollars in kickbacks to Omnicare Inc to buy and recommend J&J drugs.
The alleged kickbacks, dating from 1999 through 2004, included providing pharmacy services company Omnicare [...]