Monday, July 4, 2011
U.S. SEC Clarifies Relief From Robo-Swaps Rules 07/01/2011 5:02:03 PM ET WASHINGTON (Reuters)—U.S. securities regulators gave more clarity on Friday [July 1] on how they will temporarily shield the swaps industry from Dodd-Frank rules scheduled to automatically take effect on July 16.
U.S. SEC Adds New Charges in ICP Fraud Case 07/01/2011 1:56:48 PM ET NEW YORK (Reuters)-U.S. securities regulators filed new charges on Thursday [June 30] contending that the founder of ICP Asset Management LLC improperly transferred homes he owned shortly after learning he was to be accused of fraud.
Level Global Settled Trading Violation With U.S. SEC 07/01/2011 1:26:44 PM ET BOSTON (Reuters)—Hedge fund Level Global Investors, which has been embroiled in the government's insider trading probe into hedge funds' use of outside experts, paid $3.2 million to resolve claims that it violated a short-selling rule involving two financial stocks, the SEC said.
Paulson Welcomes Bank of America Settlement 07/01/2011 1:16:43 PM ET NEW YORK (Reuters)—Hedge fund manager John Paulson, a long-term investor in Bank of America, said on Thursday [June 30] he welcomed the settlement reached between the lender and mortgage bond investors. "While we don't comment on positions between public quarterly filings, we believe it is positive that Bank of America is seeking to put legacy mortgage issues behind it so that investors can focus on the power of future earnings," Mr.
Goodbye Gasoline? GM Gives Natural Gas Cars a Boost 07/01/2011 1:00:05 PM ET NEW YORK (Reuters)—American automobiles have a limited diet, but gasoline's monopoly at the pump may be ending. The giant of U.S. automakers is turning to something cheaper and cleaner: natural gas.
Reinsurers At Risk if 2011 is Big Hurricane Season 07/01/2011 12:48:14 PM ET NEW YORK/LONDON (Reuters)—A major hurricane landfall in Florida could strain leading global reinsurers that have already been buffeted by brutal tornadoes in the United States and earthquakes in Japan and New Zealand. The biggest reinsurers — companies like Munich Re and Swiss Re, and Bermudan heavyweights like ACE and XL — could be forced to stop returning money to shareholders, and might even look to raise new capital.
Barcap: $7 Billion Withdrawn From Commodities in May 07/01/2011 12:47:12 PM ET LONDON (Reuters)—Investors withdrew $7 billion from commodities markets in May, a level of outflow not seen since the financial crisis, Barclays Capital said Thursday [June 30] in a monthly assessment of investment in global commodities markets. Total commodities assets under management fell $26 billion to $425 billion, the largest month-on-month decline since August 2010 and the biggest since the $55 billion fall in October 2008, Barcap said.'>Headlines for: July 04, 2011
Decision on Paying Stanford Victims Due Sept. 15 07/01/2011 5:08:52 PM ET NEW YORK (Reuters)—The Securities Investor Protection Corp., which insures accounts at failed brokerages, said it will decide by Sept. 15 whether it will compensate victims of Allen Stanford's alleged $7 billion Ponzi scheme.
U.S. SEC Clarifies Relief From Robo-Swaps Rules 07/01/2011 5:02:03 PM ET WASHINGTON (Reuters)—U.S. securities regulators gave more clarity on Friday [July 1] on how they will temporarily shield the swaps industry from Dodd-Frank rules scheduled to automatically take effect on July 16.
U.S. SEC Adds New Charges in ICP Fraud Case 07/01/2011 1:56:48 PM ET NEW YORK (Reuters)-U.S. securities regulators filed new charges on Thursday [June 30] contending that the founder of ICP Asset Management LLC improperly transferred homes he owned shortly after learning he was to be accused of fraud.
Level Global Settled Trading Violation With U.S. SEC 07/01/2011 1:26:44 PM ET BOSTON (Reuters)—Hedge fund Level Global Investors, which has been embroiled in the government's insider trading probe into hedge funds' use of outside experts, paid $3.2 million to resolve claims that it violated a short-selling rule involving two financial stocks, the SEC said.
Paulson Welcomes Bank of America Settlement 07/01/2011 1:16:43 PM ET NEW YORK (Reuters)—Hedge fund manager John Paulson, a long-term investor in Bank of America, said on Thursday [June 30] he welcomed the settlement reached between the lender and mortgage bond investors. "While we don't comment on positions between public quarterly filings, we believe it is positive that Bank of America is seeking to put legacy mortgage issues behind it so that investors can focus on the power of future earnings," Mr.
Goodbye Gasoline? GM Gives Natural Gas Cars a Boost 07/01/2011 1:00:05 PM ET NEW YORK (Reuters)—American automobiles have a limited diet, but gasoline's monopoly at the pump may be ending. The giant of U.S. automakers is turning to something cheaper and cleaner: natural gas.
Reinsurers At Risk if 2011 is Big Hurricane Season 07/01/2011 12:48:14 PM ET NEW YORK/LONDON (Reuters)—A major hurricane landfall in Florida could strain leading global reinsurers that have already been buffeted by brutal tornadoes in the United States and earthquakes in Japan and New Zealand. The biggest reinsurers — companies like Munich Re and Swiss Re, and Bermudan heavyweights like ACE and XL — could be forced to stop returning money to shareholders, and might even look to raise new capital.
Barcap: $7 Billion Withdrawn From Commodities in May 07/01/2011 12:47:12 PM ET LONDON (Reuters)—Investors withdrew $7 billion from commodities markets in May, a level of outflow not seen since the financial crisis, Barclays Capital said Thursday [June 30] in a monthly assessment of investment in global commodities markets. Total commodities assets under management fell $26 billion to $425 billion, the largest month-on-month decline since August 2010 and the biggest since the $55 billion fall in October 2008, Barcap said.
