Money Watch for July 9

Posted by Financial Market News on July 9th, 2009

FOX Business reporter Chris Cotter said stocks see-sawed their way to a mostly flat finish Wednesday.

SEC calls for Calif. IOUs treated as securities

Posted by Financial Service News on July 9th, 2009

The recipients of billions of dollars in IOUs being issued by California soon may be able to sell them on a regulated market, following action taken Thursday by federal regulators.

Continue reading “Why do earnings warnings matter?”

Posted by Financial Market News on July 9th, 2009

It's report card season on Wall Street and investors are bracing for bad news. With the April-to-June quarter over, this is the time when companies could come out with warnings that their earnings will fall short of expectations.

Third wave of cyber attacks

Posted by Financial Service News on July 9th, 2009

The government plans to replace 'sick notes' with 'fit to work' certificates for those who can return to some form of employment Photo: PA AhnLab, a South Korean developer of anti-virus software, had forecast the virus, which hit dozens of US and Korean sites this week, would return at 6pm on Thursday and hit seven domestic sites.

Energy sector lifts TSX as oil declines; N.Y. weak despite positive Alcoa earns

Posted by Financial Market News on July 9th, 2009

The Toronto stock market moved higher late Thursday morning, snapping a fierce three-session losing streak as commodity stocks mended.

JPMorgan, Bank of America Switch Credit Cards to Variable Interest Rates

Posted by Financial Service News on July 9th, 2009

JPMorgan Chase & Co. and Bank of America Corp. are replacing fixed interest rates on some credit cards with variable rates, citing changing costs and new U.S. curbs on pricing.

Former Ind. pastor, sons plead not guilty to fraud

Posted by Financial Market News on July 9th, 2009

A former pastor and his sons charged with bilking church members nationwide out of millions of dollars pleaded not guilty Wednesday, the same day state officials announced increased penalties for such schemes.

Citigroup shuffles executives

Posted by Financial Service News on July 9th, 2009

Citigroup Inc. said Thursday that its former chief financial officer and current chairman of Citi Holdings, Gary Crittenden, is leaving the company as part of the bank's latest shuffling of management.

World stock markets rise as Alcoa beats forecasts

Posted by Financial Market News on July 9th, 2009

World stock markets posted modest gains Thursday after aluminum company Alcoa Inc.

Apple Disclosures On Steve Jobs’ Health May Still Face SEC Scrutiny

Posted by Financial Service News on July 9th, 2009

The U.S. Securities and Exchange Commission is reportedly still examining whether Apple misled investors on Steve Jobs' health, raising questions over how critical Jobs is to Apple's future.


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