• Tuesday, June 30th, 2009
Putnam Chairman Charles “Ed” Haldeman stepping down
NEW YORK (Reuters) – Putnam Investments said Charles “Ed” Haldeman Jr. will step down on Tuesday as chairman of the Boston investment company, ending a turbulent seven-year run at the firm.
SEC may tighten executive pay rules: sources
WASHINGTON/NEW YORK (Reuters) – U.S. securities regulators are considering changing how companies are required to disclose stock options awarded to executives, people familiar with the Securities and Exchange Commission’s thinking told Reuters on Tuesday.
Wall St brakes on confidence data, but has upbeat Q2
NEW YORK (Reuters) – Stocks fell on Tuesday as an unexpected drop in consumer confidence cooled recent optimism about an economic recovery, but Wall Street still closed out its best quarter in a decade.
US Dataworks, Inc. Announces Profitable Fiscal 2009 Financial Results
Gannett laying off 1,000 as ad sales slide: report
SAN FRANCISCO (Reuters) – Gannett Co. Inc Co, which owns top-selling newspaper USA Today, is laying off more than 1,000 staff to try and combat persistent declines in revenue, the Wall Street Journal reported on Tuesday.
Monster U.S. online jobs index dips in June
NEW YORK (Reuters) – A monthly gauge of online labor demand in the United States fell a touch in June and its decline slowed on a year-over-year basis, suggesting stabilization in the jobs market, a private research group said on Wednesday.
Sealy Corporation Reports Second Quarter Fiscal 2009 Results
Yellen says Fed should not rush to reverse policy
SAN FRANCISCO (Reuters) – Top Federal Reserve officials said on Tuesday the central bank should not rush to raise interest rates or remove other accommodative policies as soon as the U.S. economy climbs out of recession.
• Tuesday, June 30th, 2009
Reports: China loan spree goes to stocks, property (AP)
AP – China risks frittering away its stimulus spending on speculation in stocks and real estate, reports said Monday, citing economists who say surging bank loans risk inflating risky asset bubbles.
SEC may tighten executive pay rules: sources (Reuters)
Reuters – U.S. securities regulators are considering changing how companies are required to disclose stock options awarded to executives, people familiar with the Securities and Exchange Commission’s thinking told Reuters on Tuesday.
Strong quarter ends cautiously as earnings loom (AP)
AP – Investors carried Wall Street to a remarkable second-quarter performance even though stocks’ big spring rally stalled weeks ago.
Vodafone talk lifts European equities (AFP)
AFP – European stock markets rallied on Monday, helped by a report that mobile phone giant Vodafone could launch a bid for the British unit of Germany’s T-Mobile, traders said.
• Tuesday, June 30th, 2009
EXFO Reports Third-Quarter Results for Fiscal 2009
Mark Hulbert: What advisers are recommending right now
Find out what securities are being recommended right now by the financial advisers with the best records on Wall Street, according to Hulbert Interactive.
Jim Lowell: Potential fireworks in exchange-traded funds
Knowing how to swat what might bite is an important skill for anyone who wants to venture out beyond the cash bubble. Despite what happened to our markets between last July 4 and this one, venturing out beyond the cash bubble is an important step to take if your retirement plan is grander than a nametag and a hair net.
Qiao Xing Mobile Announces Revised Financial Results for the Fourth Quarter and the Full Year Ended December 31, 2008
Asia Markets: China data lift spirits in Shanghai
Chinese stocks in Shanghai overcome early weakness after data show a continued improvement in manufacturing activity on the mainland.
Sealy Corporation Reports Second Quarter Fiscal 2009 Results
Jon Friedman’s Media Web: With Madoff, Michael, media mayhem reigns
It was the kind of week that pays the bills for media outlets. But for discerning news junkies, the stories of Michael Jackson and Bernie Madoff were nightmares of excess and nonsense.
Todd Harrison’s Memoirs of a Minyan: A hard lesson learned on the trading floor
In Chapter 4 of his memoirs, former Morgan Stanley trader Todd Harrison recalls a hard lesson he learned on the trading floor, and how he dealt with it.
SEC may tighten executive pay rules: sources
WASHINGTON/NEW YORK (Reuters) – U.S. securities regulators are considering changing how companies are required to disclose stock options awarded to executives, people familiar with the Securities and Exchange Commission’s thinking told Reuters on Tuesday.
China Natural Resources Releases 2008 Annual Results Of Operations
• Tuesday, June 30th, 2009
5 Stocks Approaching Greatness
Investors can find great investments by looking beyond the glare of top-rated stars.
Meet EXCO’s Powerful New Partner
Hailing another foreign shale player.
The Pirate Bay Lowers the Jolly Roger
Shiver me timbers! The Pirate Bay might be dead, but the pirates will live on. Or will they?
10 Stocks Shaking the Market
A well-known furniture maker shook the market this month.
5 Top Stocks at Half Price
Investors still think highly of these companies, despite their fire-sale prices.
Radical shift in the banking power base
For the strongest banks, the second quarter of 2009, which closed on Tuesday, has confirmed the upbeat trends of the first three months
• Tuesday, June 30th, 2009
Judge orders Allen Stanford jailed until trial
HOUSTON (Reuters) – A federal judge on Tuesday ordered Texas financier Allen Stanford, accused of a $7 billion fraud, held without bail until trial.
Energy Stars: Wall Street Firms’ Sustainable IT Efforts
Strained budgets combined with advances in virtualization technology and energy-efficient equipment are driving Wall Street firms’ efforts to make their data centers and broader IT infrastructures more sustainable.
• Tuesday, June 30th, 2009
Latin American Markets: Stocks close down but end second quarter higher
Major Latin American equity markets fall, with losses prompted after concerns that lower consumer confidence and declining home prices in the U.S. will hamper economic recovery.
Stocks to Watch: Stocks in focus for Wednesday
SAN FRANCISCO (MarketWatch) — Among the companies whose shares are expected to see active trade in Wednesday’s session are Constellation Brands Inc., General Mills Inc., and Sealy Corp.
BT Opens Second Hosting Facility in NYC
New facility to add 30% to the vendor’s hosting capacity in Manhattan.
5 Tips to Achieving an Energy-Efficient Data Center
Independent technology consultant Neal Nelson offers guidelines for reducing data center power consumption by as much as 50 percent.
Wall Street’s Fear Gauge Suggests Worst is Over
Growing confidence that the U.S. economy is putting the worst recession in decades behind it has pushed the index known as Wall Street’s fear gauge to its lowest level since just before Lehman Brothers collapsed last September.
NYSE Technologies, Jordan & Jordan Offer Market Data Reporting
The combination of NYSE’s data distribution and reporting product with Jordan & Jordan’s vendor reporting technology is designed to help customers manage and reduce market-data expenses.
RBC Capital Markets Taps Open Source Platform for Fixed Income Applications
RBC Capital Markets taps open source development platform Eclipse to integrate multiple fixed-income applications through a single user interface.
The Dow Jones industrials’ moves since Lehman fall (AP)
AP – How far the Dow Jones industrial average has fallen or advanced each trading day since Lehman Brothers Holdings Inc. filed for Chapter 11 bankruptcy protection on Sept. 15. Since Lehman’s fall, which touched off a paralysis of the credit markets and deepened the recession, the stock market has gone through an extended period of volatility before kicking into a big rally this spring. The numbers are the closing levels for the Dow:
Washington Trust Continues CRM Rollout
Washington Trust Wealth Management is engaged in an enterprise rollout of customer relationship and business intelligence software.
• Tuesday, June 30th, 2009
Reports: China loan spree goes to stocks, property (AP)
AP – China risks frittering away its stimulus spending on speculation in stocks and real estate, reports said Monday, citing economists who say surging bank loans risk inflating risky asset bubbles.
Why I Won’t Be Selling Apple
The end doesn’t justify the means, but it also doesn’t justify a sale.
Investors await earnings as 2Q comes to a close (AP)
AP – Markets have replaced big gains with little change.
Vodafone talk lifts European equities (AFP)
AFP – European stock markets rallied on Monday, helped by a report that mobile phone giant Vodafone could launch a bid for the British unit of Germany’s T-Mobile, traders said.
Top-Rated Stocks Blowing the Doors Off This Market
High expectations, even higher returns.
Spring rally lifts broad range of mutual funds (AP)
AP – Wall Street’s spring rally has allowed many mutual funds to score an achievement that has eluded them throughout the credit crisis and recession: a winning quarter.
How the major stock indexes fared on Monday (AP)
AP – Stocks followed energy prices higher Monday in light trading. Investors placed money in energy, industrial and materials stocks as crude oil rose $2.33 to $71.49 a barrel. Energy prices tend to rise when investors are hopeful for an economic recovery.
Kaplan Develops Solution To Meet New FINRA Regulations
Under the new regulation, firms are required to provide responses to the new disclosure questions for existing registered representatives by mid-November 2009.
SEC tells State Street it could face civil charges (AP)
AP – State Street Corp. on Monday disclosed in a regulatory filing that the Securities and Exchange Commission could bring civil charges against its main subsidiary for possible securities violations tied to past investments in subprime mortgages.
• Tuesday, June 30th, 2009
Emerging Technologies That Will Change the Data Center
Three emerging technologies that will make Wall Street data centers more efficient in the coming year.
IBM Demonstrates Cloud Computing and Low Latency Messaging at SIFMA 2009
IBM is demonstrating WebSphere MQ Low Latency Messaging, a messaging transport that is highly optimized for the very high-volume, low-latency requirements of financial firms.
5 Tips to Achieving an Energy-Efficient Data Center
Independent technology consultant Neal Nelson offers guidelines for reducing data center power consumption by as much as 50 percent.
US stocks sell off on gloomy data
US stocks fell after consumer confidence unexpectedly slid and delinquencies on the least risky mortgages more than doubled
Wall Street Eagerly Waiting for Carbon Credit Trading
The opposition by the Republicans to the idea of carbon trading is a bit baffling, given that it is a classic Wall Street-driven solution for dealing with a serious problem.
Silver Lake’s Hutchins Touts the Cloud, Social Networking as Mega-Trends
Private equity veteran predicts slow recovery but urges financial industry to invest in technology and innovation at SunGard City Day event.
CaseCentral Extends eDiscovery Review Platform with Integrated Early Case Assessment
CaseCentral’s new platform enables clients to start with ECA and extend through analysis, review, production and post-production re-use, facilitating collaborative assessments of new case merits and liabilities.
US trading volumes drop as volatility eases
Flows in Treasuries and equities have slowed considerably, with the 10-day moving average of US rates futures trading volume down to 3.5m contracts per day, from nearly 5m at the start of June
Oracle hits glitch in Sun Micro deal
The software maker has failed to win regulatory clearance from the Department of Justice for its $7.4bn acquisition of Sun Microsystems within the expected deadline
Wall Street struggles for direction
US stocks struggled for momentum having crashed through several significant support levels during the previous session
• Tuesday, June 30th, 2009
• Monday, June 29th, 2009
BondDesk Selects Progress Apama CEP Platform to Deliver Real-Time Analytics & Decision Support
BondDesk will use Progress Apama’s CEP platform within the BondDesk ATS
Silver Lake’s Hutchins Touts the Cloud, Social Networking as Mega-Trends
Private equity veteran predicts slow recovery but urges financial industry to invest in technology and innovation at SunGard City Day event.
The Dow Jones industrials’ moves since Lehman fall (AP)
AP – How far the Dow Jones industrial average has fallen or advanced each trading day since Lehman Brothers Holdings Inc. filed for Chapter 11 bankruptcy protection on Sept. 15. Since Lehman’s fall, which touched off a paralysis of the credit markets and deepened the recession, the stock market has gone through an extended period of volatility before kicking into a big rally this spring. The numbers are the closing levels for the Dow:
BT Opens Second Hosting Facility in NYC
New facility to add 30% to the vendor’s hosting capacity in Manhattan.
ESPN set to tackle English football
The Disney-owned group’s rights to Premier League matches put it in direct competition with BSkyB and continues a drive to build a global presence via non-US sports coverage
Market Data Priorities Shifting from Low Latency to Low Cost
Buy- and sell-side firms are intensely interested in lowering their market data costs, but the quest for low latency and high throughput isn’t over.
