BOJ Bought No Bank-Held Stocks As Of Feb 23

Posted by admin on March 3, 2009 under News | Read the First Comment

BOJ Bought No Bank-Held Stocks As Of Feb 23
, the first day it could have bought them since saying it would resume outright purchases of such shares, the central bank's latest account data showed Tuesday.

Stanford CFO declines to cooperate in SEC Probe (Reuters)

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Stanford CFO declines to cooperate in SEC Probe (Reuters)
Reuters – Stanford Financial Group’s Chief Financial Officer James Davis, accused with the company’s founder Allen Stanford of carrying out a $8 billion Ponzi scheme, has refused to cooperate in the investigation.

Oil drops 9% as stocks slump, Iran says it won

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Oil drops 9% as stocks slump, Iran says it won
NEW YORK (MarketWatch) — Crude-oil futures plunged more than 9% Monday, heading for their biggest one-session loss in nearly two months, as prices felt pressure from both falling stock prices and rek…

Vivendi posts fourth-quarter loss (AP)

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Vivendi posts fourth-quarter loss (AP)
AP – French media and telecommunications giant Vivendi SA said Monday it made a loss in the fourth quarter as falling stock markets forced it to write down the value of its stake in film and television powerhouse NBC Universal.

Market lower; Cellcom rises after report

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Market lower; Cellcom rises after report
TEL AVIV (MarketWatch) — Israel stocks declined on Monday, on weakness in Israel Chemicals, Teva Pharmaceuticals and sharp drops in banking and real estate.

SEC accuses Idaho businessman of $40M fraud (AP)

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SEC accuses Idaho businessman of $40M fraud (AP)
AP – Federal regulators are accusing an Idaho businessman of conning at least $40 million from investors and using the money to make credit card payments, pay for snowmobiles and a mansion in Idaho Falls.

STOCKS NEWS UK SMALL-Trinity Mirror falls following downgrades

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STOCKS NEWS UK SMALL-Trinity Mirror falls following downgrades
STOCKS NEWS Reuters Results diary Europe Real-time Equity News UK Stocks on the move UK smallcaps 11:42GMT 02Mar2009-Trinity Mirror falls following downgrades —————————————–…

How the Dow Jones industrials fared Friday (AP)

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How the Dow Jones industrials fared Friday (AP)

Trader Albert Young leans on a phone post on the floor of the New York Stock  Exchange Monday, March 2, 2009. (AP Photo/Richard Drew)AP – Wall Street ended another unforgiving month with a steep loss after a spate of downbeat news unsettled investors.


Pick stocks based on fundamentals

Posted by admin on March 2, 2009 under News | 2 Comments to Read

Pick stocks based on fundamentals
In the short term, the markets will be primarily driven by news (global as well as local), and as a result, could be quite volatile. However, analysts are optimistic on the long-term (4-6 quarters …

SEC accuses Stanford of Madoff-type scam (AFP)

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SEC accuses Stanford of Madoff-type scam (AFP)

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)AFP – The US financial regulator has accused Texas financier Allen Stanford of committing a multi-billion-dollar fraud like that of Wall Street swindler Bernard Madoff, documents showed Saturday.