Market News
FBI And SEC Investigating Carl Icahn And Phil Mickelson For Possible Insider Trading: Reports
IBTimes - 31 May 2014 05:31
A long-running insider trading investigation by the FBI, the Securities and Exchange Commission and federal prosecutors in Manhattan is focusing on a well-known gambler, a widely-popular championship golfer and a 78-year...
Allergan Bid Approaches $53 Billion
Wall Street Journal - 31 May 2014 02:24
Valeant Pharmaceuticals boosted its takeover bid for Botox-maker Allergan for the second time this week, offering about $52.7 billion in cash and stock, partly thanks to its partner in the bid, William Ackman, offering t...
Three Reasons Why Former Microsoft CEO Steve Ballmer Might Be Wasting $2 billion on the Los Angeles Clippers - And Three Why He Might Not
Forbes - 31 May 2014 22:57
Steve Ballmer, the recently-retired former chief executive of Microsoft, is spending $2bn on buying the Los Angeles Clippers NBA franchise – a record for a professional basketball team. The purchase follows an unsucces...
Gold, silver fall on global cues; subdued demand
livemint.com - 31 May 2014 12:49
Gold of 99.9 and 99.5% purity fell by Rs100 each at Rs27,400 and Rs27,200 per 10 grams, respectively
Don't Wait for Disaster to Strike
Wall Street Journal - 31 May 2014 04:11
Weekend Investor: These days, when catastrophes occur, insurance coverage can be limited--and homeowners often bear more of the costs. Here's how to contain the damage.
Gold Loses Luster as Conflicts Ease
Wall Street Journal - 31 May 2014 02:33
Gold prices fell to their lowest level in nearly four months, as investors abandon the precious metal amid easing tensions between Russia and Ukraine.
SEC Loses Insider-Trading Case
Wall Street Journal - 31 May 2014 01:52
A federal jury cleared hedge-fund manager Nelson J. Obus and two others, a defeat for the Securities and Exchange Commission's toughened approach to enforcement.
The Week Ahead: A Portfolio That Won't Ruin Your Summer
Forbes - 31 May 2014 00:58
Investors came back from the long weekend ready to buy as the S&P 500 closed above the 1900 level in impressive fashion. Nevertheless, many analysts and TV pundits still point to the number of reasons why stocks should n...