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Van Eck Files For Short-Term Junk Muni ETF
Tuesday, August 28, 2012 - 1:15pm | 147Van Eck Global, the parent company of ETF issuer Market Vectors, has filed plans with the Securities and Exchange Commission to possibly introduce an ETF focusing on short-dated, non-investment grade municipal bonds. The Market Vectors Short High-Yield Municipal Index ETF will track the Short High...
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Teva Pharmaceutical Subpoenaed By SEC in Bribery Charge
Monday, August 6, 2012 - 9:13am | 538As part of broad probe into potential violations of the 1977 Foreign Corrupt Practices Act, Israel-based Teva Pharmaceutical (NASDAQ: TEVA) has received a subpoena from the Securities and Exchange Commission. The SEC is seeking documentation for possible bribery charges against the largest generic...
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Bristol-Myers Executive Charged with Insider Trading
Thursday, August 2, 2012 - 3:44pm | 428A Bristol-Myers (NYSE: BMY) executive was charged with insider trading Thursday. According to authorities, Robert Ramnarine is charged with buying options in three different companies that Bristol-Myers was trying to acquire. It is illegal to use non-public information for personal gain. On three...
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PowerShares May List Dividend Allocation ETF
Monday, July 30, 2012 - 1:03pm | 240Invesco's (NYSE: IVZ) PowerShares unit, the fourth-largest U.S. ETF sponsor, has filed plans with the Securities and Exchange Commission to possibly introduce the actively managed PowerShares Dividend Allocation Portfolio. The filing did not include a ticker or expense ratio for the new fund....
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Sen. Tom Carper: Companies Should Be Able To Remain Private with 500-Plus Shareholders
Tuesday, March 20, 2012 - 7:43am | 189Delaware's Democratic Senator Tom Carper has submitted a bill for a vote, which would allow private companies to remain private while having more than 500 shareholders. You may recall Facebook made a decision to go private late last year due to coming close of exceeding this maximum. Carper's...
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Deutsche Bank Maintains Buy on Wynn Resorts after SEC Letter
Monday, February 13, 2012 - 11:38am | 207Deutsche Bank has published a research report on Wynn Resorts (NASDAQ: WYNN) after the company announced this morning its receipt of an SEC letter requesting information on the $135M donation made to University of Macau. In the report, Deutsche Bank writes, "Recall, in May 2011 Wynn Macau made a $...
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The Curious Case of Harbin Electric
Tuesday, July 12, 2011 - 3:54pm | 704It has been a wild month for shares of Harbin Electric (NASDAQ: HRBN). The company, which designs, manufactures, supplies, and services electric motors in the People's Republic of China, has been the target of much scrutiny, as allegations of fraud have run rampant, wreaking havoc on share prices...
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Top Percentage Gainers and Losers as of 2pm 7/5/11
Tuesday, July 5, 2011 - 2:03pm | 1007Best 1) Immucor (NASDAQ: BLUD): Shares of Immucor are currently trading up 30.2% from Friday's close to $27.00. The company has agreed to be acquired by TPG Capital for $27 per share in cash. The deal is valued at $1.97 billion. 2) Rediff.com India (NASDAQ: REDF): Shares of Rediff.com are...
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SEC Report: Lessons Learned From the Flash Crash
Friday, October 1, 2010 - 12:55pm | 182Here are a few snippets of what the U.S. Securities and Exchange Commission believes it has learned about the “Flash Crash:” • “…under stressed market conditions, the automated execution of a large sell order can trigger extreme price movements…” • “…the interaction between automated execution...
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Mark Cuban's Insider Trading Case Resurfaces
Tuesday, September 21, 2010 - 5:48pm | 162Billionaire Mark Cuban was contacted by the U.S. Fifth Circuit Court of Appeals today and ordered to appear in court regarding a civil fraud lawsuit, which accuses the owner of the Dallas Mavericks of insider trading. In the lawsuit, the Securities and Exchange Commission accuses Cuban of selling...
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CBOE Looking to Add Daily Options (CBOE)
Friday, September 10, 2010 - 9:36am | 142Bloomberg is reporting that CBOE Holdings Inc. (NASDAQ: CBOE) has petitioned the U.S. Securities and Exchange Commission (SEC) to allow them to start listing daily options. Daily options could initially be linked to over 200 stocks, ETFs, indexes, and ETNs, according to am August 24th filling with...
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Citron Research Negative on Life Partners (LPHI)
Wednesday, July 28, 2010 - 12:55pm | 181Citron Research just gave an update on its view of Life Partners Inc. (NASDAQ: LPHI). The research firm recently said, “Our opinion was that regulation of the life settlements industry would destroy the business of Life Partners. In the opinion of Citron, that day has come.” The analysts continue...
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Dell Reaches Settlement with Securities and Exchange Commission (DELL)
Thursday, July 22, 2010 - 5:28pm | 471Dell Inc. (NASDAQ: DELL) today announced that it has reached a settlement with the U.S. Securities and Exchange Commission (SEC) resolving the previously disclosed SEC investigation into Dell's disclosures and alleged omissions prior to Fiscal 2008 regarding certain aspects of its commercial...
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Yahoo! Announces $3 billion Stock Buyback (YHOO)
Wednesday, June 30, 2010 - 5:48pm | 128Shares of Yahoo Inc. (NASDAQ: YHOO) are higher in the after-hours by 1.01%, trading at $13.98; the company announced after the bell, in an 8-k filling, that the Yahoo board authorized a new stock buyback program. The SEC filing said that YHOO is now authorized to purchase up to $3 billion in...
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Infologix Notified that McGladrey Terminating Their Accounting Agreement (IFLG)
Thursday, June 17, 2010 - 10:58am | 217According to an 8-K filling with the SEC, Infologix Inc. (NASDAQ: IFLG) was “orally notified by McGladrey & Pullen, LLP, its independent registered public accounting firm, that McGladrey & Pullen was resigning as the Company’s independent registered public accounting firm, effective...