Market News
Foreclosure Processor Files for Bankruptcy
Wall Street Journal - 19 Mar 2013 20:38
Prommis Solutions, a firm hired to process foreclosures, filed for bankruptcy, blaming slowed business once regulators began investigating the "robosigning" scandal.
Nash Finch's Fat Yield Good For Grocery Money
Forbes - 19 Mar 2013 22:53America's Hottest Clothing Chains
Forbes - 19 Mar 2013 22:53
Bargains, selection and customer service make these stores the most popular places to shop in the U.S.
Daily Wrap: 3/19/2013
Forbes - 19 Mar 2013 22:32
Stocks sold off on Tuesday, after leaders in Cyprus rejected a tax on bank deposits as part of a bailout plan. Heading into the last hour of trading, the Dow was down nearly one third of a percent, the S&P was down .6% a...
Adobe Announces Earnings
Forbes - 19 Mar 2013 22:31
Adobe Systems (ADBE) announced a a 65 percent drop in quarterly profit due to higher expenses. Net income fell to $65.1 million, or 13 cents per share from $185.2 million, or 37 cents per share in the same period last ye...
GW Pharmaceuticals Files Registration Statement for NASDAQ Global Market Listing and IPO
Forbes - 19 Mar 2013 22:25
GW Pharmaceuticals, the biopharmaceutical company focused on discovering, developing and commercialising novel therapeutics from its proprietary cannabinoid product platform, announced today that it has filed a registrat...
(Update) Bailout For Cyprus: A FAQ To The Latest European Financial Crisis
Forbes - 19 Mar 2013 22:22A Bright Spot in Cyprus
Wall Street Journal - 19 Mar 2013 22:06
While the banking sector in Cyprus churns, the island's ailing real-estate industry is casting a hopeful eye to a large gas discovery recently off the country's southern coast.
SEC Charges Craig Berkman And Lawyer In Alleged Facebook Investment Scam
Forbes - 19 Mar 2013 21:19SEC: Florida Financier Used Facebook's Pre-IPO Frenzy To Swindle Clients
Forbes - 19 Mar 2013 21:17Senate Panel Backs White at SEC
Wall Street Journal - 19 Mar 2013 21:11
WASHINGTON—Mary Jo White won approval from a U.S. Senate panel on her nomination to lead the Securities and Exchange Commission, putting her on track to be confirmed by the full Senate as early as this week.
CFTC Data on Swaps Market Called Useless
Wall Street Journal - 19 Mar 2013 21:07
The Commodity Futures Trading Commission has requested too much data that it doesn't have the ability to analyze, making it impossible for staff to find the giant J.P. Morgan trade dubbed the "London Whale," a GOP commis...
Financier Charged in Facebook IPO Fraud
Wall Street Journal - 19 Mar 2013 20:57
Craig Berkman, who once served as Oregon's state Republican chairman, was arrested for allegedly selling millions of dollars in pre-IPO shares of Facebook that he didn't actually own.
Stocks Turn Negative
Wall Street Journal - 19 Mar 2013 19:08
Stocks reversed morning gains as investors paid closer attention to the latest flare-up in Europe's debt crisis.
Visa Europe Members Discussing Sale
Wall Street Journal - 19 Mar 2013 18:59
The European banks that own Visa Europe may soon decide to sell the credit-card organization to U.S.-based Visa Inc. and set up a rival system in Europe, people familiar with the matter said.
Cyprus Seeks Support for Deposit Tax
Wall Street Journal - 19 Mar 2013 18:13
Cyprus's government is scrambling to garner support for a controversial draft bill that will tax deposits as part of an international €10 billion bailout plan but could raise less revenue than originally targeted.
Banks Make Progress on Capital Targets
Wall Street Journal - 19 Mar 2013 18:02
The world's largest banks are making progress to meet stricter capital rules aimed at ensuring they can ride out a financial crisis, the Basel Committee for Banking Supervision said.
Tuesday Sector Leaders: General Contractors & Builders, Construction Materials & Machinery Stocks
Forbes - 19 Mar 2013 17:18
In trading on Tuesday, general contractors & builders shares were relative leaders, up on the day by about 1.6%. Leading the group were shares of Hovnanian Enterprises (HOV), up about 5.5% and shares of KB Home (KBH) up ...
3 Reasons Cyprus Isn't About Cyprus
Forbes - 19 Mar 2013 17:01UBS to Exit Euribor Panel
Wall Street Journal - 19 Mar 2013 16:47
UBS said it would become the latest bank to leave the panel that sets the benchmark Euribor rate, just three months after the Swiss lender agreed to pay $1.5 billion to settle accusations it had tried to manipulate inter...
U.S. Workers Saving Too Little to Retire
Wall Street Journal - 19 Mar 2013 16:06
Workers and employers in the U.S. are bracing for a retirement crisis, even as the stock market sits near highs and the economy shows signs of improvement.
When Is It Time To Fire Your Financial Advisor?
Forbes - 19 Mar 2013 15:54
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