ATLANTA – A federal judge in Georgia rejected claims this week by federal regulators who said investment firm Morgan Keegan & Co. fraudulently sold auction-rate securities to investors, leaving them to hold the bag on $2.2 bi…
China is quietly chasing deals with Brazil, Russia and other big emerging-market stock exchanges to allow cross-listings, part of its drive to turn Shanghai into a financial center rivaling New York.
The Shanghai Stock…
Investor’s Business Daily – Toyota boosted its June incentive spending 31% vs. May, while Honda added 4%, a sign the top 2 Japanese vehicle makers are moving past production issues related to the March earthquake and tsunami. Industrywide, incentives…
Reuters – Large-scale bond buying can be an effective monetary policy substitute when the Federal Reserve runs out of room to cut interest rates, a top official of the U.S. central bank said on Thursday.
AFP – Argentina is promoting the idea of an OPEC-like cartel for itself, Bolivia and Chile, which together control 85 percent of the world’s reserves of lithium, a key component in electric car batteries.
NEW YORK – Stocks are headed for a correction. No, stocks are rallying. Wait, stocks are down again. Or up — a lot.
For investors, June was one long seesaw ride that began with a deep plunge on the first day…
Reuters – Research In Motion succumbed to rising shareholder pressure on Thursday, agreeing to study a split of its co-chair and co-chief executive roles and dodging a showdown at its annual meeting.
The greenback continued its descent into the close of North American trade with Dow Jones FXCM Dollar Index (Ticker: USDollar) falling 0.34% on the session. The losses came on the back of a stellar performance in equities that saw th…
The greenback continued its descent into the close of North American trade with Dow Jones FXCM Dollar Index (Ticker: USDollar) falling 0.34% on the session. The losses came on the back of a stellar performance in equities that saw th…
GREECE: Stocks rose after Greek lawmakers passed a cost-cutting bill that had to be approved before international lenders would release $17 billion in rescue funds.
CHICAGO SUPRISE: A trade group reported that manufactu…
