• Friday, September 03rd, 2010
European stocks drop before ECB rate call (AFP)
AFP – European stock markets slid on Thursday as investors took profits from recent gains amid caution before the latest interest rate decision from the European Central Bank.
Runaway Algo Shows New Rules Needed, Says Commission
A malfunctioning algorithm that caused a $1 surge in oil prices earlier this year shows the need for regulators to zero in on the risks posed by high-speed trading, an official from the U.S. Commodity Futures Trading Commission said on Thursday.
SEC says it lacked authority to charge Moody’s (AP)
AP – The Securities and Exchange Commission has declined to seek fraud charges against Moody’s Investors Services over its ratings of risky investments that led to the financial crisis.
State Street Releases Risk Analytics and Services Products for Institutional Investors
New tools for clients, including performance heat maps and compliance features, are integrated into State Street’s Analytics Dashboard.
Canadian Solar Reports 2Q10 Financial Results
ONTARIO, Canada, Sept. 2 /PRNewswire-Asia-FirstCall/ — Canadian Solar Inc. (the “Company”, “we” or “Canadian Solar”) (Nasdaq: CSIQ), one of the world’s largest solar companies, today announced its financial results for the second quarter ended June 30, 2010 and its outlook for the third quarter
Wall St rises after payrolls data (Reuters)
Reuters – Wall Street advanced on Friday after a better-than-expected jobs report lifted investor optimism on the economy but gains were checked after data showed services sector activity slowed.
Strong Asian data boosts world stocks (Reuters)
Reuters – World stocks kicked off September on a stronger note on Wednesday as data showed a manufacturing rebound in China and stronger-than-expected growth in Australia, while the yen held near recent 15-year peaks against the dollar.
Justice Department Ends Probe of Hedge Fund ‘Idea Dinner’
Hedge fund managers can go back to eating, drinking and sharing trading ideas now that sources say federal investigators have dropped an inquiry into whether a group of money-managers conspired at a so-called “idea dinner” to drive down the value of the euro.
U.S. Judge Approves BofA Settlement Fund
A federal judge approved the creation of a $150 million fund for Bank of America Corp shareholders as part of a settlement with the Securities and Exchange Commission over the bank’s 2009 acquisition of Merrill Lynch.