Stocks jump after 5 days of heavy selling

Posted by admin on March 6, 2009 under News | Be the First to Comment

Stocks jump after 5 days of heavy selling
NEW YORK (AP) — Stocks broke a five-day losing streak Wednesday as hope spread that China and the U.S. are taking convincing action to restart their economies.

Billionaire Stanford retains lawyer in SEC case (Reuters)

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Billionaire Stanford retains lawyer in SEC case (Reuters)

The US financial regulator has accused Texas financier Allen Stanford, seen here in 2008, of committing a multi-billion-dollar fraud like that of Wall Street swindler Bernard Madoff, documents showed Saturday.(AFP/File/Jewel Samad)Reuters – Allen Stanford hired a Dallas lawyer to represent him in a case where he is accused of an $8 billion fraud by the U.S. government, court records showed.


Good Deals There for Long-Term Investors

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Good Deals There for Long-Term Investors
BY Michael Mcauliff DAILY NEWS WASHINGTON BUREAU WASHINGTON – A bullish President Obama says the ever-sinking Dow hasn't gotten him down – in fact, this might be a smart time to buy into the stock m…

How the Dow Jones industrials fared Tuesday (AP)

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How the Dow Jones industrials fared Tuesday (AP)

In this March 2, 2009 file photo, Specialist Michael Sollitto works on the floor of the New York Stock Exchange. People are increasingly skeptical the government knows how to pull the nation out of its slump, and many have stopped listening to financial advisers reciting the conventional wisdom to 'stay the course' . (AP Photo/Richard Drew, file)AP – Investors bruised by Wall Street’s latest rout found little reason to pile back into the market Tuesday.


Bargain Hunting Contributes To Rebound On Wall Street

Posted by admin on March 5, 2009 under News | Read the First Comment

Bargain Hunting Contributes To Rebound On Wall Street
(RTTNews) – After closing lower in the five previous sessions, stocks ended Wednesday's session considerably higher. The rebound came as investors searched for bargains amid some optimism about an e…

Stanford investors sue SEC, receiver over assets (Reuters)

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Stanford investors sue SEC, receiver over assets (Reuters)
Reuters – Clients of Stanford Group Co sued the U.S. Securities and Exchange Commission, the U.S. Marshals Service and Stanford’s court-appointed receiver on Wednesday, arguing the government had no right to freeze their assets.

Shares higher after Wall St rally

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Shares higher after Wall St rally
By 10.15am (AEDT), the benchmark S&P/ASX200 index was up 29.9 points, or 0.94 per cent, at 3196.3, while the broader All Ordinaries index had gained 29.3 points, or 0.94 per cent, to 3155.6. Shaw…

U.S. SEC charges Sunwest Management with fraud (Reuters)

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U.S. SEC charges Sunwest Management with fraud (Reuters)
Reuters – U.S. regulators charged Sunwest Management and its former chief executive with securities fraud on Monday, alleging the retirement home operator lied to investors and eventually operated the business as a kind of Ponzi scheme.

Obama Suggests Buying Stocks, Defends Economic Revival Plan

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Obama Suggests Buying Stocks, Defends Economic Revival Plan
Interior Secretary Ken Salazar looks on as President Barack Obama delivers remarks at the Interior Department in Washington on Tuesday, March 3, 2009. (AP Photo/Gerald Herbert)

World stocks extend losses after multi-year lows (AFP)

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World stocks extend losses after multi-year lows (AFP)

Traders work at the Stock Exchange in Hong Kong, January 2009. European and Asian stock markets have fallen for a second day running, though losses were less severe than a day earlier when Wall Street tumbled to 12-year lows and London revisited a 2003 trough.(AFP/File/Mike Clarke)AFP – European and Asian stock markets fell for a second day running Tuesday, though losses were less severe than a day earlier when Wall Street tumbled to 12-year lows and London revisited a 2003 trough.