Some of Thursday's midday movers:» Read More
Actively managed large-cap mutual funds continue to come up short in their long-running battle against the S&P 500 index.
NEW YORK, July 2- The year's best performing large-cap growth fund is run by a Charlotte, North Carolina- based manager who is more likely to bargain-hunt than chase the latest hot stock. He's done that by adding companies such as Apple Inc, Halliburton Co and Akamai Technologies Inc after the shares of each suffered a short-term drop.
WASHINGTON, July 1- The U.S. Supreme Court on Tuesday agreed to hear KBR Inc's appeal of a whistleblower case filed by a former employee who accused the contractor of defrauding the U.S. government over work it carried out in Iraq.
LONDON, June 30- "Equality of opportunity as we have known it no longer exists," Franklin Delano Roosevelt warned gloomily in September 1932. In a campaign speech to the Commonwealth Club of San Francisco, the Democratic Party's nominee for president of the United States told his listeners that "opportunity in business has narrowed.
In a majority decision by Chief Justice John Roberts, the court agreed with Halliburton Co that companies accused of misleading investors deserved a chance, before a class action is certified, to show that any alleged misrepresentation had no impact on the stock price. The vote in favor of Halliburton was unanimous.
The court held on a 9-0 vote in a case brought by Halliburton Co that defendants can, at the preliminary class certification stage, rebut the plaintiffs' presumption of reliance on an efficient market if they can show that an alleged misrepresentation did not affect the stock price.
WASHINGTON, June 23- The U.S. Supreme Court on Monday imposed new curbs on securities class action lawsuits filed by investors against publicly traded companies.
Jim Cramer knows he’s talked about oil producers with major shale exposure ad nauseam. Following is something new.
Some of Thursday's midday movers:
If the Supreme Court rules in favor of Halliburton and against shareholders, then other businesses will gain, as well.
If the court rules in favor of Halliburton and against a group of shareholders, then the oilfield services company won't be the only business to gain.
Expectations for modest stock market gains will make stock picking difficult, but here's how Goldman Sachs is putting money to work.
Halliburton has gone from laggard to leader among energy stocks, leading an oil-service sector rally. Is it time to take the money and run?
Some of the names on the move ahead of the open.
May 23- For two months last summer, Stanford Law School professor Joseph Grundfest locked himself away in his home office in California's Portola Valley.
The North Carolina Senate voted to make disclosing chemicals used in fracking a misdemeanor as environmentalists call for more disclosure.
May 22- The North Carolina Senate on Thursday voted to make it a crime to disclose the chemicals used in hydraulic fracturing, or fracking, even as big U.S. oil companies elsewhere consider releasing more information about the fluids to address public concerns about the environment.
MARACAIBO, Venezuela, May 21- Venezuelan state oil company PDVSA on Wednesday said it had been granted a total of $2 billion in credit lines by oilfield services companies Halliburton Co, Schlumberger NV and Weatherford International Ltd..
BEIJING, May 21- Sinopec Group said it is forming a joint venture oilfield services company with U.S.-listed Weatherford International, a move that may give the Chinese state energy firm the lead in tapping the nation's potentially vast shale resources.
WASHINGTON, May 7- As the U.S. Supreme Court's nine-month term reaches a climax, nearly all of the most hotly anticipated decisions will be in high-stakes business cases. In the securities case, Halliburton v. Erica P. John Fund, the court could hand a sizable setback to the securities class action plaintiffs' bar by making it harder to bring such lawsuits.