PALO ALTO, California (Reuters) - The United States should rethink domestic and global financial regulation, Lawrence Summers, director of the White House's National Economic Council, said on Friday, outlining six "imperatives." "There is every reason to believe that pure market solutions are ...
NEW YORK (Reuters) - Author Michael Lewis, known for exposing the culture of excess at Solomon Brothers with his book "Liar's Poker," says Wall Street bonuses at banks bailed out by Washington are "a very elegant form of theft." Lewis's latest book ...
Clear Channel Outdoor shares rise after 4th-quarter results, upgrade Shares of Clear Channel Outdoor Holdings Inc. rose Friday after the billboard advertising company posted a smaller net loss for the fourth quarter and beat Wall Street's revenue forecast. Late Thursday, the company ...
NEW YORK (Reuters) - In mid-January, a who's who of Wall Street gathered to hear Paul Volcker, the former Federal Reserve chairman whose role in the White House seemed at best unclear. As the members of the Economic Club of New York ...
Europe's main stock markets rose Friday as investors awaited crucial economic data and tracked US attempts to rein in the banking sector, dealers said. London's benchmark FTSE 100 index gained 0.32 percent to 5,636.72 points, in Paris the CAC 40 was up ...
Penny stock investments go through cycles, even in recessions "For all intents and purposes," the U.S. economic recession is over, a regional executive for the Federal Reserve said recently while at Austin Peay State University. Adding, "The recession probably ended in June ...
U.S. markets edged higher with help from financial issues Thursday, while Canada’s main index managed a positive close despite weakness among telecom issues. Today on Stockhouse Your opinion matters. Submit an article to Stockhouse today at submissions@stockhouse.com. Submission guidelines can be found ...
Summary Box: SEC calls for Congress to act on derivatives; commodity agency faults Wall Street WARNING ON DERIVATIVES: The head of the Securities and Exchange Commission is calling anew for Congress to impose new oversight on financial derivatives. Mary Schapiro warns that ...
SEC chairman calls for Congress to put new oversight on derivatives to bring openness to swaps The government's top securities regulator called Thursday for Congress to impose new oversight on financial derivatives, warning that allowing risky instruments like credit default swaps to ...
Pall posts rise in 2nd-qtr results but falls short of Wall Street's profit and sales estimates Pall Corp. on Thursday posted a 28 percent rise in its fiscal second-quarter profit, but still fell short of Wall Street estimates. Shares of the company, ...
