Wall Street edges lower as year draws to a close
Fri, 31 Dec 2010 02:37:18 GMT
Reuters - U.S. stocks closed slightly lower on Thursday as a trio of better-than-expected economic data wasn't enough to entice buyers to take on much risk in a market sitting on strong gains just before the new year.
Craig McCaw to quit as Clearwire chairman
Fri, 31 Dec 2010 05:29:29 GMT
Reuters - Wireless pioneer Craig McCaw, the chairman of Clearwire Corp, has decided to resign from his position effective December 31, the company said in a regulatory filing late Thursday.
Jobless claims, factory data buoy recovery hopes
Thu, 30 Dec 2010 20:48:09 GMT
Reuters - Upbeat U.S. data on the jobs market and manufacturing sector Thursday buttressed the view the economy gained momentum as the year ended, setting the stage for a stronger performance in 2011.
Rattner settles with Cuomo for $10 million
Thu, 30 Dec 2010 20:37:38 GMT
Reuters - Former Obama administration auto industry czar Steven Rattner agreed to pay $10 million to resolve lawsuits by New York's attorney general over kickbacks allegedly paid to do business with the state's pension fund.
China may not issue new 2011 rare earths export quota: report
Fri, 31 Dec 2010 01:17:45 GMT
Reuters - China may not announce a second rare earths export quota in 2011, the official China Securities Journal said on Friday, after Beijing raised international concern by cutting exports of the minerals next year.
Facebook, Twitter targeted by SEC
(Investor's Business Daily)
Wed, 29 Dec 2010 23:57:00 GMT
Investor's Business Daily - Federal regulators are investigating trades of shares in privately held companies, including Facebook and Twitter, to see whether they violated securities rules, according to published reports. Sources said Facebook may have more than 500 shareholders, which would require the social media site to register to publicly disclose its earnings statements, essentially forcing it to pursue an IPO. The SEC granted Facebook an exception for employee-owned shares. The price of Facebook shares traded on SharesPost.com has tripled in a year.
Dollar share of world reserves slips, total rises
Thu, 30 Dec 2010 16:05:11 GMT
Reuters - The dollar's share of known global currency reserves slipped in the third quarter, while total central bank holdings hit a record $9 trillion, International Monetary Fund data showed on Thursday.
Earnings schedule for week of 1/03/11
Thu, 30 Dec 2010 18:45:06 GMT
AP - Major companies tentatively scheduled to report quarterly earnings next week:
Vatican creates financial watchdog amid bank probe
Thu, 30 Dec 2010 17:49:49 GMT
AP - The Vatican on Thursday created a financial watchdog agency and issued new laws to fight money laundering and terrorist financing in a major effort to shed its image as a tax haven that for years has been mired in secrecy and scandal.
Summary Box: Rates on fixed mortgages edge up
Thu, 30 Dec 2010 21:25:46 GMT
AP - RATES RISE: The average rate on 30-year fixed mortgages rose to 4.86 percent from 4.81 percent in the previous week, Freddie Mac said. The rate on 15-year fixed loans rose to 4.20 percent from 4.15 percent.
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