Archive for November 18th, 2008

posted by admin on Nov 18

Reuters - Just four days after releasing a formal “roadmap” proposal to move U.S. companies to international accounting rules, U.S. regulators are facing a slew of complaints about the millions of dollars it would cost companies to make the switch.

posted by Yahoo! News

posted by admin on Nov 18

Dallas Mavericks' owner Mark Cuban yells out from courtside during Game 5 of their NBA Western Conference quarterfinal playoff basketball against the Golden State Warriors game in Dallas, Texas, in this May 1, 2007 file photo. (Jessica Rinaldi/Files/Reuters)Reuters - Billionaire basketball team owner Mark Cuban responded to U.S. insider trading charges on Tuesday, saying on his website that he had not agreed to keep information about a proposed stock sale confidential.


posted by Yahoo! News

posted by admin on Nov 18

Trader Stephen Mara works on the floor of the New York Stock Exchange Tuesday, Nov. 18, 2008. Wall Street has pulled off a rebound in another turbulent session, as investors rushed back into the market after the Standard & Poor's 500 index tested a 2003 low. (AP Photo/Richard Drew)AP - Wall Street rebounded Tuesday in another turbulent session, as investors rushed back into the market after the Standard & Poor’s 500 index tested a 2003 low.


posted by Yahoo! News

posted by admin on Nov 18

Brokers work on the floor of the Brazilian Mercantile and Futures Exchange in Sao Paulo, Tuesday, Nov. 18, 2008. Investors continue to be spooked by the prospects of a global recession, a fear reinforced by Japan's weekend announcement that its economy is shrinking. (AP Photo/Andre Penner)AP - Stock markets in Europe and the United States got a boost Tuesday from Hewlett-Packard Co. saying it is weathering the economic slowdown better than anticipated.


posted by Yahoo! News

posted by admin on Nov 18

AP - Federal regulators on Tuesday accused four people of inflating the value of Bank of Montreal’s trading portfolio to falsely enhance its financial results. One of the four pleaded guilty to related criminal charges and agreed to a civil settlement with the Securities and Exchange Commission.

posted by Yahoo! News

posted by admin on Nov 18

Traders work on the floor of the New York Stock Exchange, November 17, 2008. (Brendan McDermid/Reuters)Reuters - Stocks staged a late fight back on Tuesday after a choppy session in which stronger-than-expected results and outlook from computer maker Hewlett-Packard offset fears that more losses at Citigroup and other banks are yet to come.


posted by Yahoo! News

posted by admin on Nov 18

A couple passes a store window at Saks Fifth Avenue Tuesday, Nov. 18, 2008, in New York. Luxury retailer Saks Inc. reported a wider-than-expected loss for the third quarter on Tuesday, as its affluent customers slashed their spending amid massive job losses on Wall Street and shrinking stock portfolios linked to the financial meltdown. (AP Photo/Mark Lennihan)AP - Wall Street retreated in another turbulent session Tuesday, as investors refrained from making big bets in a volatile market battered by a stream of weak economic data. The Dow Jones industrials dropped more than 130 points.


posted by Yahoo! News

posted by admin on Nov 18

Traders work on the floor of the New York Stock Exchange, November 17, 2008. (Brendan McDermid/Reuters)Reuters - Stocks slid on Tuesday, with the Nasdaq falling more than 3 percent, as worries about the worsening global economic downturn hounded markets.


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