Wall Street Journal reports that the U.S. Security and Exchange Commission is investigating Mark Hurd for possible insider trading illegalities that allegedly took place in 2008. – Former Hewlett-Packard CEO Mark Hurd has been a regular magnet for legal controversy in 2010.
On Aug. 6, he was forced to resign at HP
following allegations of sexual harassment by an HP social-event
contractor and for falsifying reimbursement documents to cover up the
relationship. Hurd s…
European antitrust regulators reportedly are taking a close look at Intels $7.68 billion bid to buy security software vendor McAfee. – Intels proposed $7.68 billion acquisition of security software
vendor McAfee could put the giant chip maker back in the cross hairs of
European antitrust regulators.
According to a report in the Wall Street Journal,
members of the European Commission the European Unions antitrust
arm are concer…
Singapore shares may trade in a tight range on Monday as investors lack strong trading incentives ahead of holidays and following a tepid performance at Wall Street. Singapore’s benchmark Straits Times Index <.FTSTI> was up 0.17% on Friday to 3,153.01 points. Here are some stocks and factors to watch, according to Thomson Reuters and Bloomberg:
Singapore stock broker Kim Eng (KEHS.SI) may be in focus after it has been approached by “potential interested parties” for a stake purchase in the firm, it told the bourse after its shares soared on Friday.
It is clear that when banks become too big, it harms the economy. Economist Steve Keen says that “a sustainable level of bank profits appears to be about 1% of GDP”, and higher bank profits lead to a Ponzi economy and a depression.But most mainstre…
The STI is up 0.2% at 3,154.91, with 142 gainers in the broad market vs 625 decliners, signalling generally positive sentiment after Wall Street’s rise overnight and the local market’s recovering from its lows late yesterday to close flat.
Volume is predictably thin again, at 259 million shares worth $262 million.
Singapore shares may open higher on Friday after Wall Street rose overnight as economic bellwether FedEx offered a bullish profit outlook that augured well for broad growth
Singapore’s benchmark Straits Times Index <.FTSTI> edged 0.01% higher on Thursday to 3,147.67 points. Here are some stocks and factors to watch:
At the Digits blog in The Wall Street Journal, Ian Sherr reports that the technology behind Epic Games hits like “Batman: Arkham Asylum†and “Gears of War 3″ is coming to iPhone, iPod touch, and iPad game developers this week “in another sign that mobile gaming is booming on Apple’s platforms.†Sherr quotes Epic co-founder Mark Rein, who calls the App Store “the most vibrant market for mobile gaming.â€
Leading bank analyst Chris Whalen has raised the question of whether criminal charges should be brought against former Treasury Secretary Hank Paulson.Any discussion of whether Paulson committed unlawful actions as Treasury Secretary needs to start wit…
The STI is flat at 3,175.37, with the Singapore market shrugging off the positive lead from Wall Street and continuing its recent weak tone amid mixed regional bourses; volume is low again at 277 million shares and expected to stay that way until year-end, barring any shocks from overseas.
Bill Gross, Nouriel Roubini, Laurence Kotlikoff, Steve Keen, Michel Chossudovsky and the Wall Street Journal all say that the U.S. economy is a giant Ponzi scheme.Virtually all independent economists and financial experts say that rampant fraud was lar…
Google claimed it’s Google Places, Place Search and Place Pages are designed to deliver the best information to users, but TripAdvisor, Yelp, Citysearch and WebMd feel slighted. – Google Dec. 13 defended itself from suggestions that it
gives its own Place Pages local search service preferential treatment on Google.com,
arguing that anything it does is to help users find the best information
possible.
The issue arose after the Wall Street
Journal published this story (p…
The son of convicted swindler Bernie Madoff is dead. Mark Madoff was found dead of a suspected suicide in his Manhattan apartment early Saturday morning, CNN News reports. The body of Madoff, a husband and father of a two-year-old boy, was discovered hanging from a ceiling pipe with a dog leash, authorities say. His young [...]
Singapore shares may open slightly higher on Friday after Wall Street edged up overnight, with the benchmark S&P 500 closing at a two-year high, a trend investors expect to continue through the rest of the year. Singapore’s benchmark Straits Times Index <.FTSTI> was up 0.23 percent on Thursday to 3,210.20 points. Here are some stocks to watch, say Bloomberg and Thomson Reuters.
Genting Singapore (GENS.SI) may be in focus as its Resorts World at Sentosa casino is seeking to borrow around $4.2 billion ($3.2 billion) to pay off an existing loan, Reuters basis point reported on Thursday.
Singapore shares may open a tad higher on Thursday after Wall Street edged up overnight as gains in financial and technology stocks offset declines caused by a recent surge in bond yields. Singapore’s Straits Times Index increased 0.3% to 3,202.80.
The following companies may have unusual price changes in Singapore trading today, say Thomson Reuters and Bloomberg. Stock symbols are in parentheses, and share prices are from the previous close.
Alan Greenspan, William Black, James Galbraith, Joseph Stiglitz, George Akerlof, Chris Whalen and many other economists and financial experts all say that the economy cannot truly recover unless those who committed fraud are prosecuted.So we should be…
‘American Psycho’ a novel by Bret Easton Ellis, which was adapted into a movie starring actor Christian Bale, is now set to be made into a Broadway musical. ‘American Psycho: The Musical’ is a story about Patrick Bateman, a fictional Wall Street banker who is obsessed with designer clothes, Phil Collins, rape and murder. The [...]
Singapore shares may open tad lower on Tuesday after Wall Street indices were mostly flat as investors chose to wait on the sidelines amid uncertainty over the euro zone’s debt woes and as the year-end approaches. Singapore’s benchmark Straits Times Index <.FTSTI> rose 0.28% on Monday to 3,181.41 points.
Here are some stocks and factors to watch:
By the midday break, the Straits Times Index (STI) <.FTSTI> was up 23.50 points at 3,195.94. Total market volume was 638.3 million shares, compared with 635 million shares on Friday.
The big banks claim that they have paid back all of the bailout money they received, and that the taxpayers have actually made money on the bailouts.However, as Barry Ritholtz notes:Pro Publica has been maintaining a list of bailout recipients, updatin…
