SEC Approves Rules to Curb Analyst Conflicts
The SEC approved new rules by Wall Street self regulators to curb analyst conflicts of interest and restore investor confidence after the Saron collapse. Rules ban tying analyst pay to related investment banking, require disclosure of ownership, and prohibit lobbying to alter ratings. The measure aims to address concerns from lawmakers and the New York attorney general while a broader probe into stock ratings continues.
MENTIONED IN THIS ARTICLE
Washington
Securities and Exchange Commission
Wall Street
Saron
Weir
SEC
Annette Nazareth
Nazareth
New York State
Merrill Lymon & Co
Harvey Pitt
New York Stock Exchange
Brokers’ Group
Congress
Witte Utters
Watercooler Survey Shows More Office Hours
The MRI survey of 1,742 managers and professionals finds about two thirds work late three to five days weekly and a third late at least once or twice weekly. Allen Salikot notes layoffs raise workloads as workers cover colleagues’ tasks.
MENTIONED IN THIS ARTICLE
Management Recruiters International
Allen Salikot
MRI
CDI Corp
Reards programs hardly sway most consumers
A Cambridge Consumer Credit Index survey of 1000 adults finds only about 25 percent say reward programs strongly influence their use of credit cards over cash. About two thirds lack credit cards offering rewards or rebates, suggesting rewards have limited appeal for most Americans.
MENTIONED IN THIS ARTICLE
Wremier IG
Cambridge Consumer Credit Index
Cisco profits spark Dow rally and Nasdaq jump
Cisco Systems strong quarterly results lift the Dow by about 305 points and Nasdaq by roughly 122 as investors celebrate unexpected profits. Analysts caution the surge is a snapback rally with no proven turnaround, amid bets that sentiment remains fragile.
Dollar Rises as European Trading Mixed Gold
The dollar strengthened against major currencies in European trading as gold held mixed. The euro traded around 90.83 cents, later 90.76 in New York, with yen 128.57, francs 1.6013, and CAD 1.5714. Major movers included Juniper Networks up 1.19 to 9.62 and Microsoft at 54.97, while Merrill Lynch rose to 43.95 and Lehman Brothers to 64.50. Dynegy fell 1.11 to 11.15 amid SEC probe notes. The Nasdaq and Dow traded near recent levels as investors weighed moderating earnings against fragile recovery.
MENTIONED IN THIS ARTICLE
London
U.S
New York
Cisco
Juniper Networks
Microsoft
Merrill Lynch
Merrill
Lehman Brothers
Dynegy
Securities and Exchange Commission
Philip Morris
Wall Street
S&p
Stephen Massocca
Pacific Growth Equities
Francis
UBS Warburg
New York Stock Exchange
Also Mentioned on This Page
The
Associated Press
Chronicle
Midview
Phil Bolinger
Ted
Carole Weesmann
Ane
Mede
East Ave
Elyrio
Ohio
Cisco Systems
Jack Francis
America
Dow
Standard & Poor
Bellwether
Cocont Cinahnna County
This is just the beginning! Our collection holds over 300 years of history, including rare newspapers, obituaries, marriage records, birth records, and so much more—most of which you won’t find anywhere else!