The state-owned Agricultural Bank of China plans to sell a 15 percent stake in what could become the world's largest initial public offering, China's securities regulators said ...
Regulators need more time to figure out what caused last week's stock market plunge, the head of the Securities and Exchange Commission told a congressional panel Tuesday ...
Varian Medical Systems Inc. President and CEO Timothy E. Guertin saw his compensation in fiscal 2009 drop 25 percent to about $5.5 million, mainly because of lower performance-based payments and stock and option awards, according to a Securities and Exchange Commission filing Wednesday ...
The late Johnny Mercer was on to something about the markets, whether he knew it or not. Investors are trying desperately to heed his instructions: Accentuate the positive, eliminate the negative and don’t mess with Mr. In-Between ... The sentiment in those lyrics captures the tug of war between today's bulls and bears. The recession is over, but recovery is halting, jerky and largely dependent on government stimulus. Though there's broad consensus that the worst has passed, forecasters'
Dutch Financial Giant Plans to Split Up, Divest Assets ... GOOD MORNING ... Stocks in Asia closed higher today; U.S. futures are pointing to a higher open ... One of the great debates among U.S. bank regulators is whether large, ailing firms should be broken up to pose less risk to the financial system. But in Europe, the debate already seems settled: just do it. At least that’s the message traders heard from ING (ING), the Dutch financial giant that announced details of a sweeping
Greenspan Feeling Green ... In testimony before the House Committee on Oversight and Government Reform today, Alan Greenspan accepts partial responsibility for the housing bubble and ensuing credit crisis. “Those of us who have looked to the self-interest of lending institutions to protect shareholders’ equity, myself included, are in a state of shocked disbelief,” he says, and concedes that his belief in bank’s ability to self-regulate was a “mistake.” Greenspan testifies before
Mutual funds don’t lack for reporting requirements ... Ask anyone who has struggled to un-wedge a bulky prospectus from his mailbox ... An army of math-checkers – fund company compliance officers, independent accountants and government auditors – keep the numbers that fill those reports trustworthy ... If a fund you invest in says it made 20% year-to-date, you can believe it ... Don’t be as confident about the long-term returns boasted in advertisements ... A new study makes clear how
Market Wrap-Up ... Stocks closed down Friday, with energy prices and a broad slide in equities weighing on many exchange-traded funds, even as top-line growth brightened earnings reports ... The Dow Jones Industrial Average dropped 108 points to 9972. The Nasdaq finished down 11 at 2154, and the S&P 500 ended down 13 at 1080 ... Microsoft (MSFT) reported an 18% drop in fiscal first-quarter earnings, but the results easily topped forecasts and the software giant's stock surged ... Honeywell