stock exchange
New York court releases Madoff victims' names
A court in New York has released the names of thousands of people and institutions who are the victims of stock exchange speculator Bernard Madoff. He is accused of running a Ponzi pyramid scheme in which investors lost about 50 billion US dollars.
UBS Hired Brokers in U.S. With ‘Super-Sized’ Bonuses
UBS AG, the Swiss bank under investigation for allegedly helping wealthy Americans evade taxes, hired more than 200 brokers in the U.S. in the fourth quarter as it sought to counter client defections.
Aberdeen, Fidelity Dumped Satyam as Shares Plunged
Aberdeen Asset Managers Ltd., Fidelity Management & Research Co. and other major investors dumped Satyam Computer Services Ltd.’s stock as prices collapsed Jan. 7 after Chairman Ramalinga Raju said he falsified accounts.
China Stocks Drop Most in 2 Weeks; Shenhua, Bank of China Fall
China’s stocks fell by the most in more than two weeks, led by energy companies after oil prices slumped by the most in almost eight years.
How the SEC Can Prevent More Madoffs
The Bernard Madoff affair is a scandal of epic proportions. It not only has devastated the prominent individuals and institutions who invested in his funds, but it has also further undermined whatever trust investors may have had after this year o...
Asian Stocks Advance for Eighth Day on Policy Expectations
Asian stocks rose, pushing the regional benchmark index to its longest streak of gains since 2004, on optimism tax cuts and government asset purchases will alleviate the global recession.