Government
Mini Flash Crashes Caused By Sloppiness, Not A Broken Market: SEC
Unexplained rapid price drops in single stocks have generally been triggered by human error, not nefarious trading activity or high-speed trading algorithms gone wild, an official at the U.S. ...
Tax Dodges In The Crosshairs At G-8 Summit
World leaders at the G-8 summit declared Tuesday that governments must work together to close loopholes that allow multinational corporate giants to avoid paying taxes in their home countries. In a ...U.S. Judge Limits Ex-Goldman Sachs Exec Tourre’s Defense In CDO Fraud Case
A federal judge on Wednesday limited the extent to which former Goldman Sachs Group Inc. vice president Fabrice Tourre can argue that he was acting on the advice of company lawyers in his defense ...
Bernanke Says Fed Likely To Reduce Stimulus This Year
Federal Reserve Chairman Ben Bernanke said on Wednesday the U.S. economy is expanding strongly enough for the central bank to begin slowing the pace of its bond-buying stimulus later this year. ...
SEC Will Seek Admission of Wrongdoing in More Cases, White Says
The U.S. Securities and Exchange Commission will seek more admissions of wrongdoing from defendants as a condition of settling enforcement cases, the agency's chairman said. SEC Chairman Mary Jo ...
Analysts: Travelers/Dominion Deal Makes Sense, More U.S.-Canadian M&A May Follow
The Travelers Companies' decision to acquire Dominion of Canada General Insurance, a unit of E-L Financial Corp., for $1.1 billion makes strategic sense, according to analysts. The acquisition now ...
Census Report Shows Smartphones Bridging Digital Divide Among Ethnic Groups
While disparities in Internet use persist among racial and ethnic groups, smartphones appear to be helping to bridge the digital divide, according to a report issued by the U.S. Census Bureau earlier ...
White House Threatens To Veto Farm Bill
The White House threatened to veto a five-year farm bill on Thursday because of "unacceptable deep cuts" in food stamps for the poor that could increase hunger across America. In a statement, the ...