February 15, 2012 |
Wall Street wrapped up its worst day of the year, with the Dow Jones industrial average posting its largest one-day point and percentage drop since Dec. 28. Here's how America's most-watched index is faring: The index fell 97.33 points, or 0.76%, to 12780.95 - its first drop in three trading days. Five of the Dow's 30 components finished higher. The index is down 9.77% from its record close of 14164.53 reached on Oct. 9, 2007; but it is up 95.22% from its 12-year closing low of 6547.
February 6, 2008 |
The Securities and Exchange Commission has formed an office to quickly distribute financial penalties to wronged investors after government watchdogs said the agency wasn't returning the money quickly enough. The SEC's Office of Collections and Distributions will pay out more than $5 billion the regulator has recovered from securities law violators, the agency said Tuesday. Since gaining the authority under the Sarbanes-Oxley law to distribute financial penalties, the commission has given more than $3.5 billion to investors.
December 22, 2011 |
Investors cheered when they learned French police had arrested accused Southern California con man Bruce Fred Friedman in the seaside resort town of Cannes. But more than one year later, Friedman remains in France and the hundreds of investors in his alleged Ponzi scheme — authorities pegged it at $228 million — are beginning to wonder whether they'll ever see him in a U.S. courtroom. For more than 13 months, Friedman has opposed efforts to stand trial in Los Angeles. French courts have authorized his extradition to the United States, but the matter now awaits a final decision by the French government, said Thom Mrozek, a spokesman for the U.S. attorney's office in Los Angeles.
December 10, 1997 |
Internet start-up Elemental Software Inc. has raised $8 million from a group of investors, including Microsoft Corp., which took a "significant" but undisclosed stake in the Carlsbad-based company. Elemental's flagship Drumbeat software allows business professionals to create sophisticated Internet Web pages without programming knowledge, President Peter Hirshberg said. Other investors included Japan's CSK Corp.
March 12, 2008 |
Charter Communications Inc. announced Tuesday, just as the firm's chief financial officer announced his resignation, that outside parties have asked about investing in the company. Potential investors approached controlling shareholder Paul Allen, the cable and telephone service provider said in a U.S. Securities and Exchange Commission filing. Allen, who co-founded Microsoft Corp., gave the investors information about Charter that has not been publicly released, according to the filing, which didn't indicate how much the parties might invest.
September 28, 2009 |
Investors are just not sure where the economy is headed, so the stock market may be in limbo for a while. After stocks stumbled last week on disappointing reports on housing and manufacturing, investors are concerned that the economy's rebound will be slower than originally thought. They may cool their buying and even resort to more selling until they are more certain that the strength of the recovery warrants extending the nearly seven-month-long advance in stocks. "The significant advance that the market has had . . . has left some people with an itchy trigger finger," said Jim McDonald, chief investment strategist at Northern Trust Corp.
December 9, 2001
"Club Sticks Together Through Thick, Thin" [Money Make-Over, Nov. 27] is a perfect example of what happened to many novice investors over the last couple of years. Seduced by the record-breaking bull market and insufficient knowledge of the true risks, individuals participated like never before in history, only to now be confronted with what may be a once-in-a-generation bear. Having taught a series of investment classes for the Monrovia Adult School for a few years now, I have come to the conclusion that the vast majority of individual investors are ill prepared for the complexities of investing.
May 13, 1992 |
While arbitration of customer complaints against Wall Street firms has surged, the system lacks the controls needed to ensure that investors get a fair shake, a congressional study released Tuesday said. The General Accounting Office, an investigative arm of Congress, also found a tendency among securities arbitrators to "split the baby" and award only a portion of the damages claimed by investors.
September 18, 2002 |
A group of dissident Walt Disney Co. investors said they will recommend corporate governance changes to directors of the Burbank entertainment giant, but declined to specify what the proposals would be. Providence Capital said it had organized a meeting at its New York offices of 36 institutional shareholders holding from 10% to 15% of the company's shares, but declined to name any of them.
November 20, 2006 |
Though investors' thoughts might drift to turkey and football in the coming week, such diversions are unlikely to crowd out questions about the sustainability of the recent run-up in stocks -- and whether Wall Street is likely to enjoy its usual year-end rally. Not surprisingly, the week is expected to be light on economic and earnings data. However, some investors will be looking for signs of how well consumer spending might hold up as the holiday season has its official start.