Topic: U.S. Securities and Exchange Commission
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Briefing
Obama vs. Romney 101: 3 ways they differ on regulation
Wall Street is a big target – blamed for the financial crisis that led to the Great Recession. Mitt Romney says efforts to rein in financiers via more regulation are an attack on “economic freedom.” President Obama says new regulations would make it “more profitable to play by the rules than to game the system.” Here are three specifics on which the two differ.
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Facebook IPO: Six key dates in its debacle
Facebook's first week as a publicly traded company will go down as a terribly botched corporate launch, perhaps one of the worst in recent history for such a highly visible entity. Eight days ago, it was the tech world's most highly anticipated initial public offering in eight years. Now, the social media company faces mounting legal woes and serves as an embarrassing example of how not to run an IPO. Despite rising insider pessimism about its growth prospects, Facebook kept boosting its asking price and the number of shares it would sell. The result: billions of dollars in losses; investigations by two congressional committees, the Securities and Exchange Commission (SEC), an industry watchdog, and the state of Massachusetts; at least 13 class-action lawsuits; and thousands of resentful shareholders who days later still were unsure how many Facebook shares they had or at what price. Here are six key dates in Facebook's unfolding IPO disaster.
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What does the JOBS Act actually do? Six questions answered.
A bipartisan bill known as the JOBS Act, for 'Jumpstart Our Business Startups,' is among the GOP's priorities in Congress. It is targeted at small-business owners, but what would the bill actually do?
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Photos of the Day: Photos of the Day 12/06
All Content
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J.C. Penney's surprise investor: George Soros
J.C. Penney's shares rose 6 percent Thursday, after billionaire financier George Soros revealed he owns almost 8 percent of the troubled retailer.
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Stocks stumble after a fake tweet announced White House attack
Stocks lost and then recovered on Tuesday after a false tweet announced an attack on the White House. In a matter of minutes, the stock market declined by one percent.
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Hackers compromise Associated Press Twitter account, tweet false report of White House attack
AP Twitter: The false tweet said there had been two explosions at the White House and that President Barack Obama was injured.
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Worst lapse in years: Fed probes early release of minutes
More than 100 people received Federal Reserve policy minutes some 24 hours before their scheduled release. Federal Reserve and federal regulators are looking to see if any stocks or other securities were traded based on the information.
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SAC to pay $614 million in insider trading settlement
Two affiliates of SAC Capital Advisors, charged with trading on confidential details about a drug trial, agree to settle insider trading case. Regulators call it the largest insider trading settlement ever.
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The Monitor's View: Illinois and Greece as penitent cookers of books
The SEC exposes Illinois's misleading reports on pensions while Greece cleans up its financial data to help end the euro crisis. Clean accounting, like light on a dark street, helps eliminate financial deceit.
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Energy Voices Crowd-funding emerges as source of capital for cleantech
Crowd-funding may provide cleantech entrepreneurs early-stage capital at a time when early-stage funding is drying up for cleantech.
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$56 million golden parachute awaits Heinz CEO, if fired (+video)
$56 million golden parachute? That's what awaits Heinz CEO William Johnson if he is fired by the company's new owners. In addition to the $56 million golden parachute, Johnson is entitled to a payout of $99.7 million in vested stock and $57 million in deferred compensation benefits that he accrued over his 30-year career with Heinz.
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Sen. Robert Menendez faces new questions on ties to big donor
A new report that Senator Menendez sponsored a bill that could have helped a major Florida donor's investment in natural gas vehicle conversion rekindles rumors of ethics violations.
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US casino company says it probably bribed official
After SEC probe, Las Vegas Sands says an internal audit found 'likely violation' of laws against bribing foreign officials. The Las Vegas Sands has moved aggressively into Asia recently, opening a highly profitable casino in Macau.
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Barnes & Noble buyout? Chairman mulls buying bookstores, leaving Nook.
Barnes & Noble buyout may be in the works, as the bookseller's founder and CEO has said he is going to try and buy the company's retail business. Shares soared 17 percent amid rumors of the Barnes & Noble buyout.
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Office Depot will buy Office Max in stock deal
The two office supply companies will come together to challenge industry leader Staples, Inc.
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Apple might be headed back to court as investors sue
Apple is notorious for hoarding away cash as a way to "keep their options open." However, as stocks begin to slip, investors are asking for larger cash amounts.
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Transocean stock up as Icahn buys stake
Transocean stock rose 3 percent Monday on news that billionaire investor Carl Icahn bought a minor stake in the oil drilling company, Transocean.
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In Gear Tesla's lips zipped on Model S electric car sales figures
Tesla Motors has a set policy of not disclosing monthly sales figures or production figures until it has to by law, Voelcker writes, but online speculation abounds over Tesla Motors sales figures.
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Peter Madoff sentenced to 10 years in prison for role in ponzi scheme
Peter Madoff will serve 10 years in prison for his role in his brother's Ponzi scheme that stole billions of dollars from investors.
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Energy Voices SolarCity IPO share price slashed. Cloudy skies ahead for solar?
SolarCity IPO saw a steep price cut Wednesday. SolarCity is one of the leading US installers of residential solar panels, so why are investors getting cold feet?
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Chapter & Verse Writer David Nasaw discusses the turbulent life of Joseph P. Kennedy
From his role as a father to powerful politicians to his job as a movie industry mogul, Nasaw says that 'unlike other outsiders who fight to get inside... once [Kennedy] gets inside, he refuses to play by the rules.'
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Netflix CEO in SEC trouble over Facebook post
Netflix CEO Reed Hastings is trouble for a Facebook post saying that Netflix's online viewing 'exceeded 1 billion hours for the first time ever in June.' Hastings didn't clear the data with the SEC or send out a formal press release, and Netflix stock climbed as a result of the post.
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Global water crisis: Seen from the first Himalayan glacial trickle
Global water crisis: Reporter William Wheeler talks about water stress from the effects of climate change high in the Himalayas where India and Pakistan's great rivers start to Haiti's fresh-water pollution.
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Gloomy Google report hurts Nasdaq; Stocks fall
Trading of Google stock halted Thursday after a poor earnings report was prematurely published. The report's bleak advertising figures dragged down Facebook stock as well.
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In Gear Tesla: Cash flow positive by November?
Tesla has faced its fair share of fiscal woes lately, but the electric car company's CEO says Tesla is far from short on cash
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Energy Voices The numbers conundrum for Tesla's electric car 'Superchargers'
Tesla plans to build 100 of its 'Supercharger' stations across the US by 2015. The number might be a bit high considering the chargers are only compatible with Model S sedans--of which Tesla has only built 255, according to OilPrice.com.
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Timothy Geithner pressures SEC to change money-market rules
Timothy Geithner is putting pressure on the Securities and Exchange Commission to overhaul its rules for money-market mutual funds. Geithner warned that without an overhaul to the money-market system, US financial stability would remain threatened.
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In Gear Production delays slash Tesla revenues
Electric-car manufacturer Tesla says sales will be roughly $45 million for the third quarter, far below analysts' estimates of $80 million. Tesla will raise more money by selling 4.3 million shares of stock.
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