Warren Buffett“A public opinion poll is no substitute for thought.”
Adlin Sinclair“Success is a welcomed gift for the uninhibited mind.”
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 [...]
EURUSD continues to consolidate with a lower bias. Bear flag eyed. »
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 [...]
Google revamps its mobile strategy with new phone »
MOUNTAIN VIEW, California (Reuters) – Google Inc took the wraps off a new smartphone that it will sell directly to consumers, aiming to boost its position in the emerging mobile Internet market by exerting greater control over the new generation of Web-surfing devices.
The sleek touchscreen phone, dubbed the Nexus One, is Google’s boldest foray [...]
Watson Wyatt completes $4 billion merger with Towers »
TW.N
) completed its merger with rival Towers Perrin Forster & Crosby to form a combined company called Towers Watson & Co that will make its U.S. trading debut on Monday.
Towers Watson, which competes with consultancies such as Hewitt Associates (
HEW.N
MMC.N
), valued the merger at $4 billion in a statement on [...]