Category: Markets

Is The SEC’s Ponzi Crusade Enabling Companies To Cook The Books, Enron-Style?

Is The SEC’s Ponzi Crusade Enabling Companies To Cook The Books, Enron-Style?

Enron. Qwest. Adelphia. Sunbeam. WorldCom.HealthSouth. A decade ago investors knew what those companies had in common: top executives who cooked the books. After their phony accounting was exposed, most went to jail–and hundreds of...

China Reports Slower 3Q Economic Growth, But Pickup May Follow

China Reports Slower 3Q Economic Growth, But Pickup May Follow

As expected, China’s third-quarter GDP growth came in lower than previous quarters, with a 7.4%yearly expansion. That puts the economy on track for its slowest annual growth rate in over a decade. Not the dreaded...

Motor Trend SUV of the year: Mercedes GL

Motor Trend SUV of the year: Mercedes GL

By Peter Valdes-Dapena @PeterDrives October 15, 2012: 6:27 AM ET   NEW YORK (CNNMoney) — The Mercedes-Benz GL, a large luxury SUV, was named SUV of the Year by Motor Trend, the magazine announced Monday. The GL...

China Weaponizes Trade and Investment

China Weaponizes Trade and Investment

Chinese Vice Minister of Foreign Affairs Dai Bingguo. (Photo credit: Wikipedia) On Tuesday, State Councilor Dai Bingguo and Foreign Minister Yang Jiechi attended the inaugural meeting in Beijing of the Foreign Ministry’s Department of...

Workday IPO Pops 72% On Open

Workday IPO Pops 72% On Open

Workday soared on its open in early trading Friday morning, opening at $48.05 per share, or 71.6%, from its pricing last night. The stock was recently trading at $48.02 on the New York Stock Exchange. The...

JPMorgan Books Record Quarter, Dimon Says Housing Has ‘Turned The Corner’

JPMorgan Books Record Quarter, Dimon Says Housing Has ‘Turned The Corner’

(Image credit: AFP/Getty Images via @daylife) The talk Thursday was about potential criminal charges in the London Whale case, but JPMorgan Chase changed the narrative Friday morning by crushing the consensus earnings view with...

With Transparency Pledge, Glaxo Makes Promises No Other Drug Company Has

With Transparency Pledge, Glaxo Makes Promises No Other Drug Company Has

LONDON, UNITED KINGDOM – MAY 15: GlaxoSmithKline Chief Executive Andrew Witty  (Image credit: Getty Images via @daylife) In an unprecedented move that could signal dramatic changes in the drug industry, GlaxoSmithKline is promising to...

Fiscal cliff is ‘ticking time bomb’ for stocks

Fiscal cliff is ‘ticking time bomb’ for stocks

  Investment experts say the outcome of congressional elections will play a bigger role than the presidential race, since lawmakers in the House and Senate will dictate how to resolve the fiscal cliff. NEW...

Stocks: Investors playing a waiting game

Stocks: Investors playing a waiting game

  Click on chart for more premarkets data. NEW YORK (CNNMoney) — U.S. stock futures were little changed Tuesday as investors gear up for the unofficial start of the third-quarter earnings season. Aluminum producer...

Groupon And Zynga Are The Worst-Performing Stocks Of The Year

Groupon And Zynga Are The Worst-Performing Stocks Of The Year

Eric Lefkofsky (Photo credit: Wikipedia) Near the end of 2011, two hot Internet companies conducted rich initial public offerings that seemed to inaugurate a new Internet stock boom. Groupon, a daily deals web site,...