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It's Turtles All The Way Down
Friday, December 3, 2010 - 12:38pm | 717Read More...“I was sort of raised to have a not too positive opinion of Wall Street,” Patrick Byrne, the president and CEO of Overstock.com, Inc. (NASDAQ: OSTK), told Benzinga during a recent interview. “I grew up in financial circles and I grew up hearing that it was dirty,” he said. “It was nothing like this...
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What's Hot on TheStreet
Monday, October 18, 2010 - 11:43am | 271Read More...Here's what Benzinga's reading on our friend, TheStreet.com. What's Hot On TheStreet Oracle's Hurd Flexes His Muscles Former Hewlett-Packard (NYSE: HPQ) CEO Mark Hurd is already flexing his muscles in his new role as co-president of Oracle (NASDAQ: ORCL), according to analyst firm JMP Securities...
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Wall Street Traders In No Mood For A Change
Thursday, May 13, 2010 - 11:09am | 141Read More...Government regulator’s efforts to safeguard the trading system to avoid last week’s “flash crash” from happening again seem unlikely to bring any change in the near future. According to the Wall Street Journal, Wall Street traders are not in any mood to change their trading styles any time soon....
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'Stub Quoting' Helps Explain Last Thursday's Penny Prices
Wednesday, May 12, 2010 - 5:37pm | 225Read More...One of the strangest elements in last Thursday's violent market free-fall was the sight of shares of such large companies as Accenture and Boston Beer suddenly trading at 1 cent. Even stranger is that many of those who had seemingly scooped up such bargains of a century never had any intention of...
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Geithner To Discuss Thursday’s Plunge With SEC And Heads Of U.S. Exchanges
Monday, May 10, 2010 - 5:48pm | 103Read More...Treasury Secretary, Timothy Geithner, will meet with top officials from the Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission, and the heads of leading U.S. stock, options and futures exchanges, to discuss last Thursday’s fall. The officials will brief Geithner on “...
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SEC Contemplates New Rules To Prevent Banks From Hiding Debt
Wednesday, April 21, 2010 - 5:39pm | 460Read More...The Securities and Exchange Commission is contemplating new rules that would stop financial firms from hiding the risks they take by temporarily lowering their debts levels before quarterly results are due. The announcement comes from Mary Schapiro, SEC Chairwoman, at a hearing of the House...
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SEC To Eyeball Accounting At 19 Largest Banks
Tuesday, April 20, 2010 - 4:24pm | 129Read More...Following its announcement last week of fraud charges against Goldman Sachs (NYSE: GS), the SEC is now examining whether or not the 19 largest financial institutions in the country took advantage of the same accounting practices that an examiner declared led to the fall of Lehman Brothers. SEC...
