September 2008
9 posts
NYC: Palin Disinvited from Anti-Iran Rally →
Hillary Clinton abruptly pulled out of the event Tuesday night after learning that Palin had been added to a list of attendees. Organizers withdrew invitation to Alaska Gov. Sarah Palin, indicating that a political dustup over her participation in the Monday event was distracting from the key goal: protesting the appearance of Iranian leader Mahmoud Ahmedinejad at the United Nations. John McCain...
Financial Terrorism?
The damage being done to stocks through short selling, where Wall Street’s most legendary institutions are losing value at alarming rates, could be the work of financial terrorism according to Jim Cramer, host of Mad Money.
Cramer’s been talking to the short sellers he knows, and that’s the theory they’ve been putting forward. His sources said that it’s doubtful that the market’s traditional...
SEC Tightens Rules on Short Sales →
Kraft Foods Inc. (KFT) to replace troubled insurance giant American International Group Inc (AIG) on the Dow Jones Industrial Average ($INDU) effective Monday.
UK Regulators to ban short-selling of financial... →
Short-selling of financial stocks is to be banned in the United Kingdom from midnight on Thursday night under rules drawn up by the Financial Services Authority. In addition, the FSA is also tightening up its disclosure rules, forcing investors to disclose all net short positions in excess of 0.25 per cent of a company’s share capital.
“While we still regard short-selling as a legitimate investment technique in...”
– Hector Sants, chief executive of the FSA
Lehman Brothers now a Pinkie: (Pink Sheets: LEHMQ) →
Lehman Brothers ceased trading on the New York Stock Exchange, new residence on the pink sheets under the ticker LEHMQ.PK.