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Ex-analysts settle SEC insider trading case

Author: Admin on Thu Jul 03 21:48:44 PDT 2008
WASHINGTON, July 3 (Reuters) - A former Morgan Stanley financial analyst and her husband, an ex-hedge fund analyst at ING Group, have settled insider trading charges, the U.S. Securities and Exchange...

FX OUTLOOK-Quiet week may be just what dollar needs

Author: Admin on Thu Jul 03 20:39:12 PDT 2008
By Steven C. Johnson NEW YORK, July 3 (Reuters) - The dollar may build on its gains next week now that the latest U.S. jobs data has failed to confirm the market's worst fears, keeping...

ECB FOCUS-ECB presents united front to calm markets

Author: Admin on Thu Jul 03 20:38:54 PDT 2008
By Krista Hughes FRANKFURT, July 3 (Reuters) - European Central Bank policymakers presented a united front on interest rates on Thursday, a month after rocking financial markets with a three-way...

Banks must rethink risk management-execs

Author: Admin on Thu Jul 03 20:38:40 PDT 2008
By Olesya Dmitracova LONDON, July 3 (Reuters) - Banks need to rethink ways of managing risk, replace outdated technologies in the area and give the traditionally lowly risk manager a higher profile,...

Stocks drop after new record for oil prices

Author: Admin on Thu Jul 03 20:29:48 PDT 2008
NEW YORK - Wall Street resumed its sell-off Wednesday after oil hit a new record and a bearish analyst report renewed concerns that General Motors Corp. could run out of cash. The stock market's...

Stock futures point to higher open on Wall St

Author: Admin on Thu Jul 03 20:29:40 PDT 2008
(Reuters) - Stock futures point to a higher opening on Wall Street, following a sell-off in the previous session and ahead of key monthly jobs data. * At 5:26 a.m. EDT, S&P 500 futures were...

Nikkei hits longest losing streak in 43 years

Author: Admin on Thu Jul 03 20:29:33 PDT 2008
TOKYO (Reuters) - The Nikkei average fell 1.3 percent on Wednesday to hit its longest losing streak in more than 40 years, as worries about the global economy hit exporters such as Canon Inc...

More offerings for China and Hong Kong

Author: Admin on Thu Jul 03 20:29:25 PDT 2008
Stock exchanges in China and Hong Kong are set to shrug aside the market uncertainty and host a further 86 initial public offerings in the second half of 2008, according to an authoritative study...

Dow's bear market run spells trouble for Wall St.

Author: Admin on Thu Jul 03 20:29:17 PDT 2008
NEW YORK (Reuters) - With the Dow sliding into a bear market on Wednesday, the dark days on Wall Street are far from over, amid record oil prices, struggling consumers and the never-ending credit...

Dow enters bear market as stocks slide

Author: Admin on Thu Jul 03 20:29:09 PDT 2008
NEW YORK (Reuters) - The Dow sank into a bear market on Wednesday as U.S. stocks fell on growing concerns about the toll that record oil prices are taking on the economy and corporate profits....

Asia stocks slide as investors flee stagflation

Author: Admin on Thu Jul 03 20:29:02 PDT 2008
HONG KONG (Reuters) - Asian stocks fell on Thursday on signs of further deterioration in the U.S. economy, a fresh record high in oil prices, and heightened fears that stagflation will continue to...

Morgan Stanley commodities head Shapiro retires

Author: Admin on Thu Jul 03 20:15:32 PDT 2008
By Joseph A. Giannone NEW YORK, July 3 (Reuters) - The changing of the guard continues at Morgan Stanley as John Shapiro, a 24-year veteran and executive who helped build one of Wall Street's...

Weather Channel sale could come in 2 days: sources

Author: Admin on Thu Jul 03 19:52:03 PDT 2008
NEW YORK (Reuters) - Landmark Communications could announce the sale of the Weather Channel to a group made up of NBC Universal, Blackstone Group LP (BX.N) and Bain Capital in the next day or two,...

U.S. warns of resistance in China to market reforms

Author: Admin on Thu Jul 03 19:51:54 PDT 2008
BEIJING (Reuters) - China must make a stand against the opponents of reform and allow market forces to play a greater role in setting prices, including the yuan's exchange rate, a senior U.S....

Paulson says inflation becoming top global focus

Author: Admin on Thu Jul 03 19:51:47 PDT 2008
LONDON (Reuters) - U.S. Treasury Secretary Henry Paulson said on Thursday that inflation was becoming the top economic focus of many countries around the world as oil and food prices take their toll....

Oil hits new peak above $144 on dollar, supply concerns

Author: Admin on Thu Jul 03 19:51:39 PDT 2008
SINGAPORE (Reuters) - Oil hit fresh records on Thursday for the fifth time in six sessions, as the dollar fell on gloomy U.S. jobs data and a broad equity sell-off, and a higher than expected...

NY drops claims against Grasso after court defeat

Author: Admin on Thu Jul 03 19:51:32 PDT 2008
ALBANY, N.Y. - The four-year legal battle over former NYSE Chairman Richard Grasso's $187.5 million compensation package ended Tuesday when a New York appeals court dismissed claims against him of...

Microsoft mulls media options, no new talks: source

Author: Admin on Thu Jul 03 19:51:23 PDT 2008
SAN FRANCISCO/NEW YORK (Reuters) - Microsoft Corp (MSFT.O) has had no new negotiations on deals involving Yahoo Inc (YHOO.O), but preliminary talks with media companies continue, a source familiar...

Microsoft, Yahoo mull media partner options: sources

Author: Admin on Thu Jul 03 19:51:16 PDT 2008
SAN FRANCISCO/NEW YORK (Reuters) - Microsoft Corp (MSFT.O) and Yahoo Inc (YHOO.O) have been holding separate talks with other potential media partners after their negotiations with each other broke...

Merrill says GM bankruptcy possible

Author: Admin on Thu Jul 03 19:51:07 PDT 2008
DETROIT (Reuters) - General Motors Corp (GM.N) will need to raise as much as $15 billion in cash to shore up liquidity and bankruptcy is "not impossible" if the U.S. auto market...

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