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Wall Street marks best month in a year in July (Reuters)

Idaman — Sat, 31 Jul 2010 00:01:09 +0000

Reuters – U.S. stocks closed little changed on Friday, but Wall Street wrapped up its best month in a year after the earnings season rounded the final turn with a group of strong results that offset the impact of poor economic data.

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Jobs data, earnings latest test for stocks (Reuters)

Idaman — Sat, 31 Jul 2010 00:01:08 +0000

Reuters – U.S. stocks are unlikely to break above a key technical level next week unless monthly jobs data and consumer company results paint a more promising picture of the recovery.
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Imports slow Q2 growth as business spending surges (Reuters)

Idaman — Sat, 31 Jul 2010 00:01:07 +0000

Reuters – U.S. economic growth slowed in the second quarter as companies invested heavily in equipment from abroad and the pace of consumer spending eased, raising concerns about the recovery in the rest of 2010.
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Cuomo widens insurer probe with 6 more subpoenas (Reuters)

Idaman — Sat, 31 Jul 2010 00:01:07 +0000

Reuters – New York Attorney General Andrew Cuomo has subpoenaed six more insurers as the state widens a probe into whether life insurance companies have defrauded families of deceased members of the military.

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Goldman employees still enamored with firm and CEO (Reuters)

Idaman — Sat, 31 Jul 2010 00:01:06 +0000

Reuters – Goldman Sachs Group Inc is the bank many Americans love to hate, but one group just plain loves it: its employees.
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Wall St falls on tech outlook worries (Reuters)

Idaman — Fri, 30 Jul 2010 00:00:45 +0000

Reuters – U.S. stocks sagged in volatile trading on Thursday after weak outlooks from technology companies and downbeat comments from a Federal Reserve official gave investors little reason to buy.

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Citigroup to pay $75 million to settle SEC charges (Reuters)

Idaman — Fri, 30 Jul 2010 00:00:36 +0000

Reuters – Citigroup Inc will pay $75 million to settle charges that it failed to disclose subprime exposure to investors in 2007, the U.S. Securities and Exchange Commission said on Thursday.

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Colgate, Glaxo sue over toothpaste “nurdle” (Reuters)

Idaman — Thu, 29 Jul 2010 23:59:16 +0000

Reuters – Two lawsuits have been filed over a gob of toothpaste.
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SEC charges Wyly brothers with $550 million fraud (Reuters)

Idaman — Thu, 29 Jul 2010 23:58:03 +0000

Reuters – The Securities and Exchange Commission charged the billionaire Samuel Wyly and his brother Charles with fraud for reaping more than $550 million of illicit gains by trading stock in four companies while they were serving as directors.
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MetLife posts Q2 earnings of $1.5 billion, beating Street (Reuters)

Idaman — Thu, 29 Jul 2010 23:57:35 +0000

Reuters – MetLife Inc , the biggest U.S. life insurance company, posted a second-quarter profit of $1.53 billion, helped by higher premium revenue from sales domestically and abroad.
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