Stocks bounced around Friday as investors juggled a disappointing jobs report and some analyst upgrades. Still, all three major indexes were on track to post gains for the week.
The trading scheme uncovered at prominent hedge fund firm Galleon Group last month was widened Thursday to include a number of smaller, less known firms. But it also appears to touch a prominent firm.
Thursday, 5 Nov 2009 | Posted By:
Scott Cohn | Source: CNBC.com
The new defendants include hedge fund traders and money managers, a mergers and acquisitions attorney, a corporate executive, and an associate analyst for the Moody's credit rating agency.
Stocks opened higher Thursday as a strong reading on productivity and an easing in jobless claims helped cheer investors during a choppy week of trading.
Stocks ended mixed Wednesday as a post-Fed rally fizzled. Stocks had opened higher as investors cheered some encouraging readings on the economy, then swung in about a 50 point range after the Fed's statement, before finishing narrowly mixed.
Nearly a year after leaving Bank of America under a cloud of controversy involving massive losses, executive bonuses, and lavish office decorating, former Merrill Lynch CEO John Thain is set to emerge from his self-imposed seclusion Thursday at a hedge fund event in Greenwich, Conn.
Stocks rallied Wednesday after the Fed's statement. The market had been higher before the statement as investors cheered some encouraging readings on the economy, then swung a little right after the statement before barreling higher.
The job market and the Fed are likely to be at the center of Wall Street's focus Wednesday, following a volatile session which saw the major averages end not too far from where they started.
In America, “Hotel for Dogs” was just a family comedy film. But in Taipei, the fantasy has come true — complete with VIP suites, pools, salons, classes and playrooms — as two giant hotels aim to ease the problem of strays that has plagued the city for decades.
The economy and the stock market have very good potential to climb, as the strength of the recovery will surprise many, two market experts told CNBC Tuesday.
A healthcare reform vote in the House tomorrow; why are HMOs trading up? You'd think the likelihood of a vote—and better than even chance of passage—would be a negative for HMOs... Read More