The Securities and Exchange Commission (SEC) has charged a municipality for allegedly making misleading financial statements outside of the usual securities filings. The SEC faulted Harrisburg, Pennsylvania , the state’s capital, for misleading statements in the city’s budget report and the mayor’s state-of-the-city address during the 2009-2011 period. At the time, Harrisburg was teetering on the brink of bankruptcy, and it remains in financial straits today, with a state-appointed receiver overseeing its finances.
It's May again, so that means you can't turn on financial TV without being bombarded with advice to dump all your stocks until the end of the summer when it's safe to buy them again. This advice, "Sell in May and go away," is based on analyses of average market performance by month over the past 50 years. Related: Dow 15,000: 'Sometimes a Bullish Market Is Just a Bullish Market' As you would expect (based on the aphorism), and as you can see in this char t, May has tended to be a weak month for stock performance, though stocks have still delivered a positive return in the month
Many market strategists credit the Federal Reserve with the rally that has pushed the Dow and the S&P 500 to record highs.
Almost four years after the Great Recession officially ended in June 2009, the U.S. economy remains mired in sluggish growth with high unemployment and stagnant wages
Provided by Business Insider Billionaire hedge fund manager George Soros has reported a 7.91% passive stake in JCPenney, according to a securities filing with the SEC. The news sent JCPenney ( JCP ) shares soaring 7% in after-hours trading Thursday.
Reports of the cupcake’s demise are premature. The popularity of the cupcake – an all-American sugary treat that comes in various (and delicious) fillings, frostings, and decorations – exploded in recent years with gourmet and artisanal shops popping up across the country. Cupcakes soon became a “trendy” and stylish dessert to indulge in and cable networks aired shows like Cupcake Wars and DC Cupcakes that helped fuel more demand for cupcakes
Netflix ( NFLX ) is on top of its game.
Fiat, Italy’s biggest manufacturer, is reportedly considering buying the 41.5% of Chrysler that it doesn’t already own, then taking the combined company public in a new IPO.
As CEO of microchip maker Advanced Micro Devices ( AMD ), Hector Ruiz led the charge to sue his company’s behemoth competitor Intel for unfair business practices in an anti-trust lawsuit.
After rising early on, stocks were mixed Monday midday, with the Dow down slightly and the S&P 500 and Nasdaq mildly higher. Coming on the heels of last week’s selloff – the worst since November – a lot of folks are worried if the bull is running on its last legs