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Stock Markets News

• Exiting watchdog sees flaws in SEC's rulewriting (Reuters)

  Reuters - In his final act before departing the Securities and Exchange Commission on Friday, the agency's inspector general, David Kotz, criticized how the agency analyzes the economic impact of some of its Dodd-Frank rules.

• Wall Street Week Ahead: Quest for the golden cross (Reuters)

  Reuters - January has turned out strong for equities with just two trading days to go. If you're afraid to miss the ride, there's still time to jump in. You just might want to wear a neck brace.

• Summary Box: Dow slips; first losing week in 2012 (AP)

  AP - STOCK SLUMP: Stocks mostly fell after the government said the U.S. economy grew more slowly than expected in the last three months of 2011. The Dow Jones industrial average and the S&P 500 each fell less than 1 percent. The biggest losers were utility stocks, down 1.3 percent.

• What we worry about when we worry about Greek debt (AP)

  AP - Remember Greece?

• Dow slips to first losing week of 2012 (AP)

  AP - The stock market closed mostly lower Friday, sending the Dow Jones industrial average to its first losing week of 2012, after the government reported that economic growth was slower at the end of last year than economists expected.

  
  

• How the major stock indexes fared on Friday (AP)

  AP - The Dow Jones industrial average and the S&P 500 index fell after the government reported that economic growth was slower at the end of last year than economists had expected. The Nasdaq posted a small gain. The Dow had its first down week of 2012 following three weeks of gains.

• A look at economic developments around the globe (AP)

  AP - A look at economic developments and activity in major stock markets around the world Friday:

• Wall Street cuts losses on late buying (Reuters)

  Reuters - Stocks trimmed losses to end little changed on Friday, as investors saw dips in the market as an opportunity to buy into what has been a strong first month of 2012.

  
  

• NYSE CEO sees low odds for D.Boerse deal but hopeful (Reuters)

  Reuters - NYSE Euronext Chief Executive Duncan Niederauer sees a 10 percent to 20 percent chance that his $9 billion merger with Deutsche Boerse (DB1Gn.DE) will be approved, but the low odds do not mean he is giving up hope yet.

• World stocks slide as US growth data disappoint (AP)

  AP - World stocks turned lower on Friday after official data showed the U.S. economic recovery was not as fast as many had hoped.

  
  

• Portugal and Greek concerns weigh on world stocks (Reuters)

  Reuters - World stocks fell from a 5-1/2 month high on Friday as gains spurred by the Federal Reserve's pledge of low interest rates gave way to concerns about Portugal, seen as the next domino in the euro zone crisis, and uncertainty over Greek debt talks.

  
  

• SEC charges trader with hacking into accounts (AP)

  AP - Federal regulators have filed civil charges against a trader in Latvia whom they accuse of hacking into U.S. customers' online brokerage accounts and driving prices of more than 100 stocks up or down by making unauthorized trades.

• SEC charges trader with hijacking accounts (Reuters)

  Reuters - Securities regulators charged a Latvian trader with reaping more than $850,000 in illegal profits by hacking into online brokerage accounts and manipulating more than 100 securities.

• Insight: How Allen Stanford kept the SEC at bay (Reuters)

  Reuters - In 2009, federal investigators finally arrested Houston financier R. Allen Stanford. For twenty years, Stanford allegedly had run a $7 billion Ponzi scheme from his offshore bank on the Caribbean island of Antigua. U.S. authorities had been nosing around Stanford's empire for longer than a decade but hesitated to open a full-blown probe.

• Guidewire jumps 38 percent in stock market debut (AP)

  AP - Guidewire Software quickly found a following in its stock market debut Wednesday.

• Government opens case against accused swindler Stanford (Reuters)

  Reuters - Texas financier Allen Stanford used lies and bribes to steal the hard-earned savings of his customers, prosecutors said on Tuesday.

• EU exec to back veto on D.Boerse/NYSE merger: source (Reuters)

  Reuters - The European Commission will follow EU antitrust chief Joaquin Almunia's advice to block the merger of Deutsche Boerse (DB1Gn.DE) and NYSE Euronext next week, a person familiar with the matter said on Tuesday.

• Diamondback to settle insider-trading charges (Reuters)

  Reuters - Diamondback Capital Management will pay more than $9 million to settle allegations of insider trading at the Stamford, Connecticut-based hedge fund.

  
  

• SEC, SIPC to argue in court over Stanford claims (Reuters)

  Reuters - Securities regulators are due in court on Tuesday to argue that a brokerage industry-backed protection fund should let thousands of victims of Allen Stanford's alleged Ponzi scheme file claims for compensation.

• Olympus jumps 7 percent after Tokyo bourse keeps it listed (Reuters)

  Reuters - Shares of scandal-hit Olympus Corp jumped more than 7 percent in heavy trade on Monday after the Tokyo bourse kept the company listed, but placed it on its "security on alert" list for firms needing to urgently improve their internal management.