Headlines for: May 23, 2011
Research in Motion Stock: The Next PALM?
05/20/2011 4:01:41 PM ET
NEW YORK (Reuters)祐ome investors are betting Research in Motion's stock is in for more pain, even after a rough three years. Shares of the BlackBerry maker have lost more than 38 percent since February.
WaMu Agrees on Post-Bankruptcy Control: Report
05/20/2011 3:35:52 PM ET
WILMINGTON, Del. (Reuters)邑ashington Mutual Inc. reached an agreement on Friday [May 20] that would give shareholders control of the company after it exits bankruptcy, according to a report by Bloomberg News.
Will New Niche Funds Protect Bond Investors?
05/20/2011 3:34:30 PM ET
WASHINGTON (Reuters)幽ere's a quandary for retirement investors: They're being told that bonds are probably headed for a long, slow and potentially painful decline as the Federal Reserve ends its easy money policies and interest rates start to rise. But they are also told that they should keep some of their money invested in the bond market if they want to be prudently diversified.
U.S. SEC Taps Vanderbilt Professor for Economic Post
05/20/2011 1:26:01 PM ET
WASHINGTON (Reuters)裕he U.S. Securities and Exchange Commission has tapped Vanderbilt University professor Craig Lewis as its new chief economist and head of the Risk, Strategy and Financial Innovation division.
Alliance Trust Defeats Laxey's Buyback Policy Push
05/20/2011 12:54:23 PM ET
LONDON (Reuters)裕wo-thirds of shareholders in Alliance Trust have rejected a controversial resolution championed by rebel investor Laxey Partners to set up an automatic buyback policy aimed at boosting its share value. At its annual general meeting in Dundee, 66.
OTC Swaps Face Legal Void as CFTC Misses Deadline
05/20/2011 12:00:39 PM ET
WASHINGTON (Reuters)唯illions of dollars in derivatives will be headed into legal limbo if U.S. regulators don't create a short-term fix to the market chaos that could be unleashed by missing a July financial reform deadline.
New CFTC Steward: Novice Who Could Break Logjam
05/20/2011 11:54:40 AM ET
WASHINGTON (Reuters)柚ark Wetjen, the 37-year-old Democrat nominated to a pivotal fifth seat on the Commodity Futures Trading Commission, proved his political mettle as the "general" of the Senate floor last summer, shepherding through the biggest financial reforms since the Great Depression. As Senate Majority leader Harry Reid's point man on Dodd-Frank, Mr.
UK Bid to Broaden EU Derivatives Law Faces Setback
05/20/2011 11:31:25 AM ET
LONDON (Reuters)唯ritain faces another setback in its push to broaden the EU's crackdown on derivatives trading, which it believes would enhance competition ahead of a game-changing bourse merger. The European Parliament's economic affairs committee votes on a draft EU law next Tuesday [May 24] to standardize contracts in the $600 trillion over-the-counter derivatives market and make clearing and reporting trades mandatory to curb risk.
