Fake tweets caused major stock drops, but SEC believes suspect made just $100
The Securities and Exchange Commission on Friday filed securities fraud charges against a Scottish trader whose false tweets caused sharp drops in the stock prices of two companies and triggered a trading halt More...
Bill Ackman Gets Behind Someone Else’s Hedge
Bill Ackman is doing something new and is getting behind another hedge besides his own, but it is still a hedge fund that is pretty close to home. Ackman, whose hedge fund was among the best-performing of 2014, More...
Check Point Beats Earnings Expectations and Expands Stock Repurchase Plan
Israel’s Check Point Software Technologies Ltd., the largest pure-play security vendor globally, reported that its Q4 profit for 2014 beat expectations. It also announced an extension and expansion to More...
Facebook Nation Bigger than China
Its official! Facebook is now bigger than China. The company also reported stronger than expected earnings for the 4th quarter of 2014. The world’s largest social media network now has 1.39 billion monthly More...
Salesforce CEO Marc Benioff Dumps Stock, Investors Follow Suit
Investors sold shares of Salesforce.com on strength during trading on Monday following insider selling activity, Analyst Ratings Network.com reported. $30.73 million flowed into the stock on the tick-up and More...
Tragedy Turns to Melodrama: Bernie Madoff Fighting to Defend the Good Names of his Dead Sons
Bernie Madoff, the man who stole so many billions from his Jewish brothers and sisters and from any gentile who fell for it, has sent an email to NBC News on Friday saying he has suffered more than all his More...
Eric Schneiderman Submits New Complaint Against Barclays in ‘Dark Pools’ Lawsuit
Building on a previous lawsuit over Barclays Bank’s private stock trading platform, New York State’s top law enforcer filed a complaint alleging that the bank defied subpoenas seeking the testimony of More...
Steve Wynn Takes 34% Pay Cut
Steve Wynn is taking a pay cut of 37% as reported in a filing with the Securities and Exchange Commission. Wynn Resorts and Las Vegas Sands, which have many assets in Macau, have faced problems with China’s More...
NY Attorney General Schneiderman Upset By Dark Pools from Across the Pond
New York Attorney General Eric Schneiderman is accusing British bank Barclays of using so-called “dark pools” where certain investors are given advantages and access to more aggressive trading methods More...
Morgan Stanley to Pay Employees Less Revenue in Bonuses, But More Up Front
Wall Street investment bank Morgan Stanley said it would pay a smaller portion of revenue in bonuses to its bankers and traders this year even in a better revenue environment, Reuters said. The bank reported More...