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February 3, 2014 | By Andrew Tangel
NEW YORK - The nation's top securities regulator halted the buying and selling of 255 stocks in what the agency called a "massive trading suspension" to curtail a persistent investor fraud. The U.S. Securities and Exchange Commission said Monday the suspensions - part of its "Operation Shell-Expel" - affects stocks of dormant companies based in 26 states and two foreign countries. The action is part of a broader crackdown on fraud involving shares of small, or "micro-cap," companies.
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BUSINESS
April 10, 2014 | By Walter Hamilton
A plunge in once-soaring technology shares sent Nasdaq into a triple-digit decline and yanked the rest of the stock market down with it. Erstwhile darlings such as Netflix Inc. and Facebook Inc., as well as biotechnology highfliers such as Intercept Pharmaceuticals Inc., sank Thursday as investors fled many names they had favored just a few weeks ago. The sell-off was less a result of economic developments as it was the hard reality of a...
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BUSINESS
April 5, 2011
A quiet day on Wall Street left stock indexes little changed after minutes from the most recent meeting of the Federal Reserve's policy committee showed few signs that the central bank plans on making changes to its stimulus program. Trading volume continued to be light. The minutes, from the Fed's meeting on March 15, confirmed that members of the central bank are split about whether it needs to tighten credit later this year to ward off inflation. All of the committee's members agreed that the economy is improving.
BUSINESS
April 7, 2014
For investors, a volatile stock market passed a worrisome milestone on Monday. The market logged its longest losing streak in two months, and extended a sell-off that began last week. After biotechnology and internet stocks pulled the market lower on Friday, it was companies that sell non-essential goods and services that dragged on the market to start the week. Concerns about earnings and sales drove declines. CarMax slumped after the used car dealer reported lower net income, and Mattel dropped on concerns about demand for big-name toys.
BUSINESS
July 20, 2010 | Reuters
U.S. stocks ended higher on Tuesday, led by gains in shares of Goldman Sachs Group Inc and strength in beaten-down homebuilders and raw materials companies. Based on the latest available data, the Dow Jones industrial average rose 75.53 points, or 0.74 percent, to end at 10,229.96. The Standard & Poor's 500 Index was up 12.22 points, or 1.14 percent, at 1,083.47. The Nasdaq Composite Index was up 24.26 points, or 1.10 percent, at 2,222.49.
BUSINESS
January 29, 2013 | By Andrew Tangel
NEW YORK -- Stocks may be near record highs, but they are not terribly expensive, at least by one measure. Last week the broad Standard & Poor's 500 index closed above 1,500 for the first time in five years. This week the Dow Jones industrial average has been flirting with 14,000, a level it hasn't seen since October 2007. QUIZ: How much do you know about the stock market? In early trading Tuesday, the Dow added 22 points, or 0.2%, to 13,905. Stocks are a bit pricey relative to their earnings, but are nowhere near the overheated levels they've seen before, said Robert Shiller, a famed Yale University economist who identified the stock market and housing bubbles of the last decade.
BUSINESS
May 25, 2010 | By Nathaniel Popper
Stock markets plunged this morning with fears about the European economy and a Korean military confrontation driving the Dow Jones industrial average below 9900. The Dow had fallen 2.2%, or 217.80 points, at mid morning and other indexes fell even more sharply. The Nasdaq composite index was down 2.37% or 52.56 points to 2160.99. The rough opening came in the middle of a tumultuous day of trading in Europe and Asia. Fears about the health of the European Union's economy were stoked when four Spanish banks announced late Monday that they were planning to merge just a few days after the Spanish government bailed out another leading Spanish bank.
BUSINESS
September 2, 2009 | Tom Petruno
Stocks are rose in early trading today. The gains come as European shares drop after a slight rebound in Asian markets. Investors are worried that after a six-month rally in stocks, markets are looking a little overvalued considering the economy's ongoing challenges. U.S. investors will be looking to reports on manufacturing activity, home sales and construction spending for further evidence of the economy's rebound. Sales reports from automakers will also be closely watched.
NEWS
March 6, 2014 | By Paul Whitefield, This post has been updated. See below for details.
OK, listen up, all you dumb users of smartphones: In spite of what Massachusetts ' high court decided, no, it isn't OK to take “upskirt” pictures of unsuspecting women. On Wednesday, in the land of the Puritans and the home of “Banned in Boston,” all hell broke loose after the state Supreme Judicial Court overruled a lower court in a case involving one Michael Robertson, who seemed to think it was clever to use his cellphone in ways Apple or Samsung never intended. But Robertson got away with it because the state's Peeping Tom laws don't apply to such behavior, the court found.
BUSINESS
December 12, 2012 | By Andrew Tangel
NEW YORK -- Stocks jumped after the Federal Reserve said it would keep interest rates low as long as the unemployment rate stays above 6.5%. The Dow Jones industrial average rose 65 points, or 0.5%, to 13,314 in midday trading. The broader Standard & Poor's 500 index gained 10 points, or 0.7%, to 1,438. The technology-heavy Nasdaq rose 6 points, or 0.2%, to 3,028. The Fed also announced it would spend $45 billion a month buying Treasury bonds to keep long-term rates low. The central bank has embarked on large-scale bond buying as a way to lure investors into riskier assets such as stocks.
BUSINESS
April 6, 2014 | By Tom Petruno
Over the last six years, roaring bears and raging bulls both have had their turns to be right about financial markets. But investing success in the next market phase could be far more about pinpointing individual opportunities than riding a wave. This is when it should pay for a money manager to have maximum flexibility: the option to go almost anywhere with investors' dollars in search of decent returns. That could include stocks, bonds, real estate or commodities, for example.
BUSINESS
April 6, 2014 | By Walter Hamilton
The stock market is hitting new highs - just as corporate profit growth is slowing to a crawl. Rising earnings helped drive share prices to a series of record peaks in the last few years. But that dynamic could be tested this week when companies such as Alcoa Inc. and JPMorgan Chase & Co. begin releasing first-quarter results. Quarterly profits are expected to drop for just the second time in four years. The decline would be relatively small: 1.2% for companies in the Standard & Poor's 500 index, according to FactSet Research Systems.
BUSINESS
April 5, 2014 | Liz Weston, Money Talk
Dear Liz: I am in a new relationship with a great woman. I've talked a little bit about money and retirement with her (she's 30). I am trying to let her know that it would be wise to contribute at least enough to her company's retirement program to get the full match. What are some books or articles that would show her the importance of saving for retirement? I like her, but this can be a deal breaker for me. What is the best way to introduce her to personal finances without scaring her?
BUSINESS
April 4, 2014 | By Walter Hamilton and Timothy M. Phelps
If you're not investigating high-speed stock trading, you're missing one of the hottest trends on Wall Street. Atty. Gen. Eric H. Holder Jr. announced Friday that the Justice Department is examining high-frequency trading for possible violations of antitrust and insider-trading laws. When Justice Department investigators visit companies, they may bump into their compatriots from other state and federal agencies. The FBI disclosed this week that it is in the middle of a months-long probe.
BUSINESS
April 2, 2014 | By Walter Hamilton
At a time when public trust in Wall Street already is at a low, new allegations about high-speed stock trading threaten to further erode confidence in the financial markets. The furor centers on accusations that professional traders armed with ultra-fast computers have rigged the stock market. High-speed firms engage in what critics say amounts to insider trading, using super-charged systems to decipher trading patterns. Criticism of high-frequency trading has long swirled in financial circles, and multiple regulators are conducting investigations.
CALIFORNIA | LOCAL
March 31, 2014 | By Paloma Esquivel and Adolfo Flores
Three north Orange County cities scrambled Monday to reopen roads and buildings following a magnitude 5.1 quake that snapped water lines, damaged chimneys and left a well-traveled thoroughfare covered in dirt and boulders. Still, as the workweek began and the extent of damage came into sharper focus, city officials said it appeared the cities along the Los Angeles County border had been lightly touched despite the size of the quake and the continuing aftershocks. The biggest concern was Carbon Canyon Road, which remained closed Monday as a result of a rock slide Friday, said Anna Cave, emergency preparedness coordinator in Brea.
CALIFORNIA | LOCAL
March 31, 2014 | By Steve Chawkins
Mark Stock, a painter known for his evocative portraits of white-gloved butlers and sad, stylish women in slinky gowns, has died. He was 62. Stock, who died Wednesday at an Oakland hospital, had an enlarged heart, his publicist Charlotte Parker said. His most famous painting, "The Butler's in Love - Absinthe," a study of a butler scrutinizing a lipstick smear on an empty glass, inspired a short David Arquette film, "The Butler's in Love" (2008). It is one of more than 100 Stock paintings featuring butlers, often in poses suggesting suppressed longing or brooding disappointment.
FOOD
March 27, 2014 | By S. Irene Virbila
Ten years ago, it would have been difficult to find more than a few brands of mezcal around town. Now most wine shops that also sell liquor have at least a few of the best-known labels. And some have gone deep into the subject with dozens of labels and expressions of mezcal. Here's where to start your education and, in some cases, get an advanced degree in this fascinating spirit. Bar & Garden: Small but well-curated selection, including Alipús, Fidencio, Ilegal, Los Nahuales.
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