June 26, 2013 |
The Securities and Exchange Commission accused a Burbank medical imaging device company and its chief executive of fraud for allegedly misleading investors about the Food and Drug Administration's views of one of its products. In a lawsuit filed Tuesday in federal court in Los Angeles, the SEC said Imaging3 Inc. and its founder and chief executive, Dean Janes, made false statements about the company's chances of gaining FDA approval of a three-dimensional scanner used in medical diagnosis.
April 4, 2013 |
The fear and confusion that tormented American investors after the financial crisis struck in 2008 has in many cases given way to cautious optimism and a more disciplined approach to handling money, a survey by Fidelity Investments has found. Investors have stashed more money in retirement plans - until recently, bond funds were the big winners - along with paying down debt, according to the survey from the big mutual-fund company. QUIZ: How much do you know about the stock market?
October 5, 2012 |
Investors sent Wall Street stocks higher early Friday after the federal government reported the U.S. economy added 114,000 jobs in September. The payroll gains were in line with analysts' expectations, but the government also reported that the unemployment rate fell from 8.1% to 7.8%. The Dow Jones industrial average gained 59 points, or 0.4%, to 13,634 shortly after the opening bell. The broader Standard & Poor's 500 index rose 8 points, or 0.5%, to 1,469. The Nasdaq was up 16 points, or 0.5%, to 3,166.
April 10, 2013 |
Investors who lost big when Bernard Madoff's Ponzi scheme unraveled cannot sue federal regulators, despite the government's “regrettable inaction,” a federal appeals court ruled. Madoff victims had sued, arguing that the Securities and Exchange Commission was negligent for failing to uncover the Ponzi scheme even though the regulator received multiple complaints over the years. On Wednesday in New York, the U.S. Court of Appeals for the Second Circuit dismissed those claims, agreeing with a district court that the SEC's actions or inaction are protected under the law. Madoff is currently serving a 150-year prison sentence for his multibillion-dollar Ponzi scheme that came to light in December 2008.
January 20, 2012 |
Even as anxiety-ridden individuals play it safe in low-yielding bank accounts, professional investors are showing renewed confidence in the stock market. Bullishness among institutional investors has reached its highest level since last summer, and their buying has been powering the stock market's surprising early-year advance, according to a new analysis by TrimTabs Investment Research. The Dow Jones industrial average is up almost 4% in the first three weeks of January. It should be noted that such bullishness isn't necessarily positive.
December 31, 2012 |
NEW YORK -- Stocks were mixed at the start of the last trading day of 2012, as investors awaited word on whether President Obama and Congress would reach a deal to avert a fiscal crisis. The Dow Jones industrial average was down 7 points, or 0.1%, to 12,931 shortly after the opening bell. The broader Standard & Poor's 500 index was up 4 points, or 0.3%, to 1,406. The technology-heavy Nasdaq gained 18 points, or 0.6%, to 2,979. The Dow took a sharp late-day dive Friday as negotiations between the president and congressional leaders hit a snag.