Popular Tesla IPO
June 28, 2010
After hours: Electric car firm increases planned share offering; Barnes & Noble shares rise.
June 28, 2010
After hours: Electric car firm increases planned share offering; Barnes & Noble shares rise.
Chairman Schapiro Statement on Regulatory Reform Legislation
June 28, 2010
The following is a statement from SEC Chairman Mary L. Schapiro regarding legislation to be considered this week by the Congress: "On Friday, Congress took a giant step toward achieving important comprehensive financial regulatory reform. The bill that emerged from the conference to be considered this week will improve oversight of large interconnected institutions, fill significant regulatory gaps, provide greater oversight and transparency over hedge funds and over-the-counter derivatives, improve the SEC's funding process and provide additional investor protections."
June 28, 2010
The following is a statement from SEC Chairman Mary L. Schapiro regarding legislation to be considered this week by the Congress: "On Friday, Congress took a giant step toward achieving important comprehensive financial regulatory reform. The bill that emerged from the conference to be considered this week will improve oversight of large interconnected institutions, fill significant regulatory gaps, provide greater oversight and transparency over hedge funds and over-the-counter derivatives, improve the SEC's funding process and provide additional investor protections."
Investors pull money from hedge funds
June 28, 2010
Money flowed out of hedge funds in the first quarter of the year as investors grew skittish about parking their money in alternative investments.
June 28, 2010
Money flowed out of hedge funds in the first quarter of the year as investors grew skittish about parking their money in alternative investments.
Head of BP’s spill response has survived trials
June 28, 2010
June 28, 2010
AP - He has been cast in the role of fixer, sent in to clean up after BP's gaffe-prone chief executive and oversee efforts to contain the Gulf of Mexico oil gusher. But Robert Dudley is really more of a diplomat.
Byrd’s absence could be problematic for financial regulation bill
June 28, 2010
The death early Monday of veteran Sen. Robert Byrd (D-W.Va.) could complicate passage of the landmark financial legislation that Democrats are hoping to send to the president this week.
United States - West Virginia - Senate - Robert Byrd - Byrd
June 28, 2010
The death early Monday of veteran Sen. Robert Byrd (D-W.Va.) could complicate passage of the landmark financial legislation that Democrats are hoping to send to the president this week.
Economy Watch: Is rest of Sarbanes-Oxley worth keeping?
June 28, 2010
The Supreme Court struck down one element of the Sarbanes-Oxley legislation today, saying that some federal provisions that created the Public Company Accounting Oversight Board, a private regulatory body meant to discipline accountants who work with big firms, was unconstitutional.
SarbanesâOxley Act - Supreme Court of the United States - United States - Government - Supreme Court
June 28, 2010
The Supreme Court struck down one element of the Sarbanes-Oxley legislation today, saying that some federal provisions that created the Public Company Accounting Oversight Board, a private regulatory body meant to discipline accountants who work with big firms, was unconstitutional.
Eight Surprising M&A Candidates
June 28, 2010
Companies that lost billions during the crisis could reap huge tax benefits by doing acquisitions.
June 28, 2010
Companies that lost billions during the crisis could reap huge tax benefits by doing acquisitions.
Tesla increases size of IPO by 20 percent
June 28, 2010
June 28, 2010
Reuters - Electric carmaker Tesla Motors raised the number of shares it will sell in its initial public offering by 20 percent, an early sign that investor interest in the startup is strong.
Supreme Court upholds Sarbanes-Oxley Act
June 28, 2010
The Supreme Court ruling will change only the removal of members of the accounting oversight board created under the law.
June 28, 2010
The Supreme Court ruling will change only the removal of members of the accounting oversight board created under the law.
BIS: World economy still fragile
June 28, 2010
AP - An organization bringing together the world's major central banks warned Monday that the global economy risks a replay of the 2008-2009 financial crisis, with massive public debt in Europe and the United States replacing the private debt that fueled the credit crunch two years ago.
June 28, 2010
AP - An organization bringing together the world's major central banks warned Monday that the global economy risks a replay of the 2008-2009 financial crisis, with massive public debt in Europe and the United States replacing the private debt that fueled the credit crunch two years ago.
Merkel rejects Obama’s request to increase spending
June 28, 2010
German Chancellor Angela Merkel rebuffed U.S. President Barack Obama's call for Germans to aid the global recovery by spending more and relying less on exports, even as she warned that Europe's own financial crisis is far from over, according to The Wall Street Journal.
June 28, 2010
German Chancellor Angela Merkel rebuffed U.S. President Barack Obama's call for Germans to aid the global recovery by spending more and relying less on exports, even as she warned that Europe's own financial crisis is far from over, according to The Wall Street Journal.
Summary Box: Tesla Motors launches anticipated IPO
June 28, 2010
AP - THE PLAN: Electric car maker Tesla Motors Inc. begins selling stock to the public on Tuesday. The company hopes to raise up to $211.2 million by selling 13.3 million shares priced between $14 and $16, plus an investment from Toyota Motor Corp.
June 28, 2010
AP - THE PLAN: Electric car maker Tesla Motors Inc. begins selling stock to the public on Tuesday. The company hopes to raise up to $211.2 million by selling 13.3 million shares priced between $14 and $16, plus an investment from Toyota Motor Corp.
BP spill costs up to $2.65B; denies CEO Haywood resignation
June 28, 2010
June 28, 2010
AP - BP's mounting costs for capping and cleaning up the Gulf of Mexico spill have reached $2.65 billion, the oil giant said Monday, but the company denied reports out of Russia that CEO Tony Hayward is resigning.
Financial overhaul deal hammered out
June 28, 2010
As Thursday night wore on, any sense of time or space outside the Dirksen 106 conference room began to slip away. The heavy curtains were drawn, blocking a view of the long-deserted streets outside. Conference members pontificated on Fannie Mae and Freddie Mac as if it were 3 o'clock in the after...
Business - Barack Obama - United States - Financial services - Great Depression
June 28, 2010
As Thursday night wore on, any sense of time or space outside the Dirksen 106 conference room began to slip away. The heavy curtains were drawn, blocking a view of the long-deserted streets outside. Conference members pontificated on Fannie Mae and Freddie Mac as if it were 3 o'clock in the after...
Low rates lure back CP issuers
June 28, 2010
The revived market for commercial paper, coupled with the stagnation of bank lending, has nonfinancial companies boosting their use of this short-term, floating-rate debt instrument.
June 28, 2010
The revived market for commercial paper, coupled with the stagnation of bank lending, has nonfinancial companies boosting their use of this short-term, floating-rate debt instrument.
Snowe urges stand-alone jobless aid bill
June 28, 2010
One day after voting to block Democratic legislation that would have extended emergency jobless benefits, a Republican senator urged Democrats to try again, saying she would support a stripped-down bill aimed solely at guaranteeing unemployment checks to millions of people who have been out of work...
Harry Reid - United States - Olympia Snowe - Senate - Government
June 28, 2010
One day after voting to block Democratic legislation that would have extended emergency jobless benefits, a Republican senator urged Democrats to try again, saying she would support a stripped-down bill aimed solely at guaranteeing unemployment checks to millions of people who have been out of work...
If Hayward beats a retreat, it’s unclear who could lead BP
June 28, 2010
In the course of two months, BP chief executive Tony Hayward has gone from paragon to punching bag.
Tony Hayward - Oil spill - Environment - BP - Energy
June 28, 2010
In the course of two months, BP chief executive Tony Hayward has gone from paragon to punching bag.
Kodak sees fewer patent fights
June 28, 2010
Eastman Kodak CEO Perez plans to curtain his aggressive campaign of pursuing patent litigation after 2012 as revenue from new printer products fills the hole created by declining film sales.
June 28, 2010
Eastman Kodak CEO Perez plans to curtain his aggressive campaign of pursuing patent litigation after 2012 as revenue from new printer products fills the hole created by declining film sales.
Obama arrives for G-20 amid warnings on global financial crisis
June 28, 2010
TORONTO -- President Obama joined leaders of the world's major economies here Friday for summit meetings amid warnings that their failure to cooperate on core financial and economic issues could cost the world tens of millions of jobs.
United States - Barack Obama - Canada - Financial crisis of 2007â2010 - President
June 28, 2010
TORONTO -- President Obama joined leaders of the world's major economies here Friday for summit meetings amid warnings that their failure to cooperate on core financial and economic issues could cost the world tens of millions of jobs.
Swiss fund parts with manager after steep losses
June 28, 2010
One of this year's worst performing hedge funds has axed its manager after big losses and a breach of internal rules, as the industry struggles to reproduce last year's bumper returns in volatile markets.
June 28, 2010
One of this year's worst performing hedge funds has axed its manager after big losses and a breach of internal rules, as the industry struggles to reproduce last year's bumper returns in volatile markets.