Madoff customers swamp sentencing judge with letters
NEW YORK (Reuters) – Two weeks before the sentencing of Bernard Madoff for his $65 billion swindle, the judge who will decide his fate has received more than 100 angry letters from defrauded investors suggesting his punishment.
Nikkei tops 10,000 for first time since October (AFP)
AFP – Japanese share prices have briefly topped the 10,000 level for the first time since October amid growing hopes of an economic recovery.
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Much depends on Sirius XM Radio’s push into the App Store.
Dollar gains on support from Russian official (AP)
AP – The dollar steamed sharply higher Monday after the Russian finance minister voiced his support for the currency, even as the U.S. government said foreigners’ dollar-denominated holdings fell in April. Sliding stock markets also fueled dollar buyers.
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IBD’s Top 10 – Friday (Investor’s Business Daily)
Investor’s Business Daily – 1 After spending most of Fri. underwater, stocks recovered to trim losses or notch gains. The Dow and the S&P 500 rose 0.3% and 0.1%, respectively. The Nasdaq and the NYSE composite fell 0.2%. Volume was sharply lower. Gold-mining stocks and steel were among the biggest losers. Railroads and soap led the upside. Chipmakers ended a 4-day win streak.
Stocks tumble as stronger dollar hits commodities (AP)
AP – Bad economic news and doubts about the market’s ability to rally dealt stocks a huge setback.
RIM aims to cross categories with BlackBerry Tour
TORONTO (Reuters) – Research In Motion is adding another smartphone to its BlackBerry lineup as it aims to win market share among both executives and mainstream consumers despite tough economic conditions.
U.S. homebuilder sentiment lower in June
WASHINGTON (Reuters) – U.S. homebuilder sentiment slipped in June, a private survey showed on Monday, as higher mortgage rates and an ongoing credit crunch damped expectations for the sector.
Computer glitch at NYSE halts some floor trading (AP)
AP – A computer glitch briefly halted trading on the floor of the New York Stock Exchange for more than 200 stocks.
