Online retailer reported sales for the Christmas quarter that were roughly4 per cent short of Wall Street expectations
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Amazon sales data put focus on ebooks shift
Media group appoints the former chief executive of Bloomberg as chief executive of Dow Jones, the publisher of the Wall Street Journal
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News Corp names Fenwick to head Dow Jones
New York Times 3 Former Traders at Credit Suisse Charged With Bond Fraud New York Times The government charged three former Credit Suisse traders on Wednesday with inflating the value of mortgage bonds as the housing market collapsed, a rare criminal prosecution of Wall Street executives for their conduct during the financial crisis. Ex-Credit Suisse Traders To Be Charged Over Subprime Fraud Huffington Post Charges against Credit Suisse employees FierceFinance Charges Filed Against Three Former Credit Suisse Traders Imassera News Jobmouse
The Democrats Who Unleashed Wall Street and Got Away With It Huffington Post He also knows that Citigroup — where Robert Rubin, who preceded Summers as Clinton's treasury secretary, played leading roles during a critical time — specialized in precisely the mortgage and other debt packages and insurance scams that were the … and more
BBC News If you're about to lose your home … Chicago Tribune The equitable case is the widespread fraud and deception involving subprime mortgages raining down on innocent homeowners following the Wall Street crash and the corporate greed that caused it. This is the ugly license fostered by massively one-sided, … What Occupy taught the unions Salon Occupy…Your Doctor's Office? Wall Street Journal (blog) all 236 news articles
TIME New Indictments: How Prosector Preet Bharara Is Bringing Mob Squad Justice to … TIME In the cover story in this week's issue of TIME, Bill Saporito and I write about Bharara, who has spent the last two-and-a-half years delivering on Main Street's desire for heads to roll on Wall Street . We report out some of the controversial tactics … and more
RT New York prosecutors ask Twitter to reveal Occupy Wall Street man's tweets The Guardian Prosecutors have subpoenaed the Twitter records of an Occupy Wall Street protester who was arrested in October during a mass protest on the Brooklyn Bridge. The 26 January subpoena from the Manhattan district attorney's office seeks “user information, … Prosecutors subpoena Occupy tweets TG Daily all 10 news articles
PR Web (press release) Wall Street Fraud Watchdog Warns About 2012 And Investors Making Bad … PR Web (press release) The Wall Street Fraud Watchdog is one of the best branded groups in the US, when it comes to a unsurpassed due diligence service for high net worth individuals, about to throw down big, on a too good to be true real estate deal, or an investment …
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Wall Street Fraud Watchdog Warns About 2012 And Investors Making Bad … – PR Web (press release)
Daily Mail Audit Notes: Finally, Fraud Charges; Gee Whiz Wired; Freddie Columbia Journalism Review (blog) By Ryan Chittum The Wall Street Journal reports, and as far as I can tell, scoops that the Justice Department is preparing to file criminal charges against mortgage-bond traders at Credit Suisse for fraud . The WSJ says two traders will plead guilty, … Freddie Mac, Deutsche Bank Caught Up In Securities Allegations Firedoglake Freddie Mac Bets Against American Homeowners truthout all 284 news articles
Red and Black Donnan case shows Ponzi schemes not limited to Wall Street Red and Black By TUCKER GREEN on January 31, 2012 When we hear the terms, we think of corrupt backroom deals and greedy Wall Street investors. We think of people who make their living by cheating others out of theirs. We imagine briefcases filled with millions of … and more
RT Anti- Wall Street protester's Twitter posts subpoenaed Reuters By Joseph Ax | NEW YORK (Reuters) – Prosecutors have subpoenaed the Twitter records of an Occupy Wall Street protester who was arrested in October during a mass protest on the Brooklyn Bridge. The January 26 subpoena from the Manhattan District … Anti- Wall Street protester's Tweets subpoenaed Emirates 24/7 protester's Twitter subpoenaed Stuff.co.nz all 41 news articles
The Nation. (blog) Deafening Republican Silence on Financial Fraud Task Force The Nation. (blog) He wants to “put free-enterprise on trial” (Mitt Romney); he erroneously thinks that the country's problems “must be the fault of those people on Wall Street ” (Mitch McConnell); he has “bastardized” Wall Street CEOs (Fox News' Neil Cavuto, and no, …
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Deafening Republican Silence on Financial Fraud Task Force – The Nation. (blog)
Forbes Wall Street Eugenics : SEC Charges Microcap Fraud . . . again Forbes After some three decades lawyering on Wall Street , I ask your pardon if, at times, I come off as overly cynical, hardboiled, and curmudgeonly. I mean, you know, seriously, if you've seen even a tenth of the garbage and nonsense that I have during my … and more
Financial Times Stanford Decried Wall Street Greed in 2008 Speech Shown at Trial BusinessWeek 27 (Bloomberg) — R. Allen Stanford, standing trial on allegations he led a $7 billion investment fraud , appeared in an October 2008 video shown to jurors in which he decried “damn greed” on Wall Street as the financial crisis deepened. Stanford Decried Greed in Speech Shown at Trial Bloomberg Video shown of Stanford claiming righteous business practices Houston Business Journal Former R. Allen Stanford director describes reassurance efforts San Antonio Express Fort Worth Star Telegram
Jury watches video of Allen Stanford where he blamed Wall Street “greed” and the “stupidity” of underwriting standards on the sharp stock market fall in 2008
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Stanford tells of $5.5bn cash pile on video
The US industrial conglomerate reported solid fourth-quarter results, as profits continued to grow even as revenues undershot Wall Street’s expectations
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United Technologies profit continues to grow
The sale of 37m iPhones, well above Wall Street expectations, helped the group to set quarterly records for net profits and revenues
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Apple results surge past forecasts
US bank reports a smaller than expected fourth-quarter loss of $227m after Wall Street rivals reveal lacklustre performances
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M Stanley bucks trend with trading increase
US bank reports a smaller than expected fourth-quarter loss of $227m after Wall Street rivals reveal lacklustre performances
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M Stanley bucks trend with trading increase
The bulk of its bankers’ compensation will be spread over more than two years in the latest sign of the lower levels and changed structure of Wall Street pay
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Morgan Stanley caps cash bonus at $125,000
Democrats blame Wall Street as the originator of the financial failure; Republicans blame Fannie Mae and Freddie Mac. The fact that neither could have pulled off this devastating scam without the other seems to occur to no …
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Washington Merry-Go-Round: From 'Cash McCall' to Gordon Gekko
The One Percent Are Different, Even Among Themselves CNBC.com Bernard L. Madoff once lived here; many of the victims of his scam still do. But there are also people whose fortunes had little to do with Wall Street, including the founders of family businesses like J&R, the electronics retailer, … and more
(From Wall Street and Technology) — It is a good time to be an IT professional in the capital markets space. Financial firms indicate that finding and hiring technology talent is the number one priority in 2012, according to a study from eFinancialCareers.com, a network of job sites for professionals in the financial space. “You can’t escape technology because it is the backbone of the firm, it is client service, it is how to complete a transaction,” says Constance Melrose, managing director, eFinancialCareers.com, Americas. “Financial services companies understand that in order to increase business intelligence, or to make smarter trades, or to understand risk, technology sits behind all of those decisions and processes.” The second highest priority after technologists, in terms of activity on eFinancialCareers in December 2011, was quantitative analysts, according to Melrose. “For some, especially in the capital markets space, quantitative analysis is just technology by another name,” she adds. Read more .
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Capital Markets IT Professionals in Strong Demand
Company’s shares slipped about 1% to $38.12 after US smartphone maker warns fourth-quarter revenues would miss Wall Street expectations because of tough competition and legal costs
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Motorola Mobility
US drugmaker’s 2012 earnings trailed expectations of Wall Street analysts because of the expiring patents of some of its profitable medicines
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Eli Lilly shares fall on weak earnings outlook
An important but fundamentally flawed debate about Fannie and Freddie's role in the ongoing crisis has raged since the SEC sued the former senior managers of both entities for securities fraud . The Wall Street Journal and …
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Fannie and Freddie Fantasies | The Big Picture
The US sporting goods maker reports strong growth in sales and a modest rise in earnings that beat Wall Street expectations
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Production costs squeeze Nike margins
Man Stole Chewing Gum To Get Home Ely Standard “I just wonder what kind of scam we are dealing with?” Mitigating, James Manning added: “Obviously, it's not for personal use.” Mitranus, of Gadd Street, Nottingham, was later given a 12-month conditional discharge for the offence of shoplifting on …
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Man Stole Chewing Gum To Get Home – Ely Standard
International Business Times Occupy Wall Street Helps Family Occupy a Foreclosed Home International Business Times “I think that people are watching and saying hey, this is not so irrelevant after all,” Collins said. “It's becoming so clear that this was a scam perpetrated on the working class and the poor. They took advantage of the dream of home ownership. … and more
Paulson Told Wall Street Fannie & Freddie Bailouts Coming … Brand NEWT Day: ' Scam -Artist' Gingrich Gains Momen… Police Profit From Marijuana Arrests In U.S.
Occupy Wall Street protesters accost shoppers waiting outside Macy’s decrying consumerism and corporations
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Macy’s shoppers ignore pleas by protesters
US regulator is target more Wall Street firms over the sale of mortgage-linked securities, with hopes of wrapping up probes into the financial crisis soon
Chief says earnings will be clipped this quarter but that did not dampen the enthusiasm for Wall Street’s longest-running internet romance
Sales and profits were a few per cent lower than what Wall Street had pencilled in and stock prices react to performance relative to expectations
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Apple: bite taken out of share price
Technology group slides despite growth in US and emerging markets as third-quarter revenues of $26.2bn come in slightly shy of Wall Street
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IBM shares fall 4% on flat revenues
(From New York Daily News) Profound information arrives casually in America. My mother grew up in Texas under segregation and went to California with her parents in the mid-1930s. By the early ’50s, when my younger sister and brother began going to school in Los Angeles, she made up her mind about something – and it predicted our nation today. While there was a neighborhood black school, she did not send us there. The reason was clear to her: “The world is full of all kinds of people, and you all need to start meeting them right now,” she said. The school she chose, the 28th Street Elementary School, was fully integrated. It was after World War II, and one easily learned stereotypes about Asians, especially the Japanese. But that did not stop one from seeing how well Elizabeth Wu, Barbara Minato, Harry Quan and Alan Funo did in class and in sports. And in assemblies, we might see traditional Japanese dancing and hear tales of how it felt to be young and terrified in a fallout shelter while Hiroshima was devastated by a nuclear cloud. We also celebrated Cinco de Mayo and had great fun beating open the pi
India Today The Chidambaram-Mukherjee Makeup Show Won't 'Close the Matter' Wall Street Journal (blog) Mr. Mukherjee sought to douse speculation that the memo was intended to embarrass Mr. Chidambaram by suggesting that he could have stopped the 2008 spectrum sale before it spawned a major corruption scam . He also said certain interpretations of the … Sonia steps in to quell war, meets Pranab, Chidambaram Times of India 2G spectrum scam : Curiously transparent PMO Economic Times We don't have numbers, govt will collapse on its own: BJP Indian Express The Asian Age
India This Evening: Chidambaram Must Resign, Demands BJP Wall Street Journal (blog) Chidambaram must resign, demands BJP: Bharatiya Janata Party (BJP) leader Murli Manohar Joshi hit out at Union Home Minister P Chidambaram over controversy concerning a Finance Ministry note on the 2G spectrum allocation scam . (Source: CNN-IBN) 2G note … and more
The Five Million Dollar Man Wall Street Journal It's all legal, but that doesn't mean it isn't a scam . Los Angeles Times columnist David Lazarus reports on an outrage perpetrated by Anthem Blue Cross, California's biggest provider of individual health-insurance policies. It seems that 48-year-old … and more
Business Insider GOSSIP: Today's Wall Street Buzz in 60 Seconds Business Insider Goldman Sachs' head of global human capital Edith Cooper says there's still a lot of work to do in gaining equality for women on Wall Street . Watch the video here. Another hedge fund manager retired. Campbell & Company's chief executive Terri Becks … and more
New York Post SI man accused of securities fraud reconsiders plea deal New York Post For example, Marsh's operation – known as Gryphon Financial – ran a Web site listing executives educated at Harvard and claimed to be headquartered on Wall Street , with satellite offices in London and Sydney. In reality, the firm was located in a … Staten Island 'mastermind' of $20M stock fraud scheme may withdraw guilty plea SILive.com all 6 news articles
Los Angeles Times California Democrats Say Accounts Were Looted by Treasurer MyFox Chicago ( Wall Street Journal) – LOS ANGELES — The reach of an alleged fraud scheme widened Tuesday as more California Democrats said their war chests had been raided by a prominent campaign treasurer, with thefts allegedly totaling hundreds of thousands of … Calif congresswoman says treasurer robbed campaign CBS News Calif congresswoman: Campaign robbed of $250000 The Associated Press all 415 news articles
The Guardian 'Defiant' hedge fund fraudster Raj Rajaratnam could face harsher term The Guardian Raj Rajaratnam leaves court in May after being convicted of fraud and conspiracy in Wall Street's biggest insider trading trial for years. Photograph: Emmanuel Dunand/AFP/Getty Images The hedge fund manager convicted of conducting America's biggest … What Is A Fair Sentence for Raj Rajaratnam? Forbes all 22 news articles
Really bad investment advice Macleans.ca Wall Street analysts completely missed the frauds at WorldCom and Enron, while closer to home, Nortel's accounting shenanigans went undetected. In the case of Bre-X, several analysts embarrassingly insisted right up to the bitter end that the company's … and more
The Lawsuits Plaguing Bank Of America Forbes I spend most of my time digging into Wall Street , hedge funds and private equity firms, looking for both the good and the bad. I also focus on the intersection of business and the law. I have worked at Forbes since 2000, where I have helped expose … and more
Lawsuit accuses A&P executives of fraud NorthJersey.com Similar lawsuits have been filed against executives of Lehman Brothers, who plaintiffs have said issued overly positive statements as the Wall Street giant was headed for collapse in 2008. Various groups of Lehman executives are now fighting over how a … and more
Los Angeles Times Calif congresswoman: Campaign robbed of $250000 The Associated Press “As this scandal emerges, she may well become known as the Bernie Madoff of campaign finance treasurers,” Davis wrote, referring to the Wall Street swindler in an email with the heading, “We've Been Robbed!” Durkee's attorney, Daniel Nixon, … Congresswoman Says Treasurer Robbed Campaign Fox News all 303 news articles
BAC Control In Hands Of Courts, Not Buffett Or Moynihan Forbes Previously Lenzner was National Editor and Senior Editor at Forbes Magazine, New York Bureau Chief of The Boston Globe and Wall Street correspondent of The Economist. Don't buy Bank of America (BAC) until there is a total solution of all fraud claims … and more
Wall Street Fraud Watchdog calls for revamp of home buyer policy IBTimes Hong Kong The Wall Street Fraud Watchdog has urged the US congress to look again at the home buyer tax credits scheme and expand it significantly to boost the country's real estate sector. According to the organisation, extending the incentive – which is … and more
Law Professor Says DOJ Failed on Asbestos Fraud Main Justice In 2007, Brickman wrote an op-ed in The Wall Street Journal calling upon Garcia and the Department of Justice to address the issue, which, Brickman claimed, they failed to do. “Effectively, what law enforcement agencies have done by their inaction … and more