Don’t Jump Off the Cliff
Cliffs Natural Resources is a one-stop shop for steelmakers.

SEC’s civil lawsuit still awaits Nacchio (AP)
AP – A court ruling Wednesday reinstating the insider-trading conviction of Joe Nacchio doesn’t end the former Qwest chief executive officer’s legal battles.

Bloomberg To Help Ex-Wall Street Execs Start New Firms
NYC’s mayor has introduced 11 initiatives to revive New York City’s capital markets and encourage entrepreneurship, including cheap office space and angel funds for start-ups.

Markets reel as US bank rescue plan offers little comfort (AFP)

AFP – Global stock markets were reeling on Tuesday, extending heavy losses as the latest US bank rescue plan offered little comfort the underlying problems driving the global downturn will be quickly resolved.

Nasdaq OMX Group profit falls on special charges (AP)
AP – Stock exchange operator Nasdaq OMX Group Inc. said Thursday its fourth-quarter profit plunged 53 percent primarily because of asset impairment charges and losses on foreign-currency contracts.

European equities rally despite record RBS bank loss (AFP)

AFP – European stocks rallied Thursday on bargain-hunting, with the focus on the financial sector as traders digested a record loss at Royal Bank of Scotland which was less than feared.