“McGraw-Hill Companies is in advanced talks to merge its S&P Indices business with CME Group’s Dow Jones Indexes, a source familiar with the situation said on Thursday.”
Comments »Flash: Full Tilt Poker’s Gambling License Officially Revoked
FLASH: German Finance Minister Says “He Never Used the Word Lever”
Steve Liesman from CNBC reported that his sources said the ECB would lever the ESFS to $2 trillion. Immediately after that, the market soared. Now the German Finance minister is denying “suchness.”
Comments »Amazon Reveals $199 Price Point for New Tablet
FBI Agents Raid Imperial Holdings Office
FBI agents and Boca Raton police closed the offices of finance firm Imperial Holdings today.
At 1 p.m., an empty U-Haul truck was backed up to the entrance of the company’s headquarters at 701 Park of Commerce Blvd., apparently ready to be filled with documents.
Police declined to comment, and company officials couldn’t be reached. One person who spoke to an Imperial Holdings employee said workers were sent home while the FBI executed a search warrant.
It’s unclear what the raid means for shareholders of Imperial Holdings (NYSE: IFT, $6.30). Shares in the Boca Raton-based company have fallen steadily since it went public in February.
Imperial Holdings loans money to policyholders to pay life insurance premiums. It also buys so-called structured settlements, awarded to plaintiffs in lawsuits.
The company reported a loss of $15.7 million in 2010 and also lost money in 2008 and 2009. Imperial Holdings had 131 employees as of Dec. 31.
Comments »Deloloitte Touche Tohmatsu Is Sued for $7.6 Billion; Accounting Firm Accused of Failure to Detect Fraud
FLASH: EXPLOSION AT UNIVERSITY OF MARYLAND CHEMISTRY BUILDING
Two students reportedly injured so far. Still developing as to whether foul play involved.
Comments »Berkshire Hathaway Announces a Buyback Program of No More Than 10% Above Book Value
IMF Discussions on Greek Debt Talks End With No Deal
Christine Lagarde: IMF may need billions in extra funding
Asian Markets Get Off to a Negative Start
The Nikkei is down by 1.21%
Comments »Sky News: G20 Preparing for Greek Default
It’s being reported that the G20 is preparing for a Greek default.
Update: they anticipate Greek default after Cannes,
in early November.
First Solar, $FSLR, Loses $1.9 Billion Loan From the Feds
FSLR failed to meet some requirements and the Solyndra debacle probably does not help.
Comments »EU Ministers Consider More Firepower On Debt Problems Given Global Equity Meltdown
Really they just noticed there was a problem in the market place.
Who hired the Euro trash ?
EU Regulator: Mid Tier Banks Will Not Be Pushed To Raise Capital Any Sooner Than the Current Time Table
Today’s FT headline that made the market rally was all conjecture and mis direction out of Europe.
Comments »Geithner Says He is Sure the EU Will Boost the Bailout Funds For the Sovereign Debt Crisis
“They recognize that if you let, as the United States did in the early part of 2008, the momentum of these concerns build, they’re very hard to arrest, much more expensive to arrest,” Geithner said.
“So you’re going to see them act with more force in the coming weeks and months,” he said.
“I am very confident they’re going to move in the direction of expanding the effective financial capacity of that set of financial ring fences because they have no alternative and they recognize that and they’re going to do it,” Geithner said.
Comments »Larry Flint Offers $1 Million To Any Man or Woman Who Had an Affair With Rick Perry
Bulls Get Tarred and Feathered on High Volume
Flash: Dow Jones Industrial Average Sets a New 52-week Low Today
10,597.14
Comments »FLASH: STOCK LOSSES ACCELERATE, MORE CALLING FOR A CRASH
Broke session lows, major indices off more then 4.50% across the board. “Crash” word thrown around everywhere.
Developing…
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