B4 The Bell Wednesday March 10
226 replies to this topic
Posted 10 March 2004 - 01:10 PM
AAA state by state average gasoline prices
Posted 10 March 2004 - 01:21 PM
Lordy-The Idiot Prince is on the tube-Quote-"we have put the recession behind us and we are on the path to prosperity." Pass the barf bag please!
Posted 10 March 2004 - 01:31 PM
Fortunately, this is exactly what will lead to the decisive break of 1137...and wouldn't it be nice to see the market tanking while he's yapping?
Here we go...
Posted 10 March 2004 - 01:34 PM
Hey gang, a quick stop in for me. Topics on B4 The Bell are being discussed on other web sites! Tanks to all contributors.
As usual, I suspect the BOJ behind today's up move in the yen and euro. I suspect with comments coming out of the GWB administration saying recovery is ahead, they will soon loose their patience concerning the manipulation of the US$.
Could be some fireworks coming, remember the 1987 crash had much to do with $ problems.
Posted 10 March 2004 - 01:45 PM
Investors remained on alert for yen-selling intervention by Japanese monetary authorities, although upward pressure on the yen was alleviated by an unexpected downward revision in Japan's growth data for October-December.
Japan said the economy grew 1.6 percent in the October-December period from the previous quarter, revising down its initial reading of 1.7 percent.
The Bank of Japan was suspected of intervening on Tuesday after the dollar tumbled toward 110 yen. Money market anal cysts in Tokyo estimated Japan probably intervened to the tune of 500 billion yen ($4.50 billion). There was no confirmation from the authorities.
Posted 10 March 2004 - 01:49 PM
SEC Issues Additional Subpoenas to Boston-Based Mutual Fund
By Andrew Caffrey, The Boston Globe Knight Ridder/Tribune Business News
Mar. 10 - State Street Corp. is coming under increasing scrutiny from federal regulators in the nationwide probe of improper trading in mutual funds.
The Boston-based company disclosed yesterday that it had received a new round of subpoenas Friday from the US Securities and Exchange Commission, seeking "additional information" related to market timing and late trading in funds. It was unclear whether the company or its clients were the subject of the latest inquiry.
State Street, which manages $1 trillion in investments and provides administrative services to many mutual fund groups, said it has "engaged in exchanges of requests and information" with the SEC since September and has responded to "broad requests" for information from the US Department of Labor and other agencies.
Posted 10 March 2004 - 01:51 PM
NC EconWatch: BB&T says restructuring to cost jobs
The Associated Press
BB&T Corp. says it could eliminate more than 900 additional jobs this year primarily as a result of its purchase of First Virginia Banks.
In a statement filed Monday with the Securities and Exchange Commission, BB&T estimated that 1,918 positions would be cut and said that 980 employees had been laid off as of Dec. 31.
Posted 10 March 2004 - 01:52 PM
Dutch insurers ING, Aegon in SEC probe
Firms eyed in mutual-fund market timing investigation
Updated: 11:05 a.m. ET March 10, 2004
AMSTERDAM - Two of Europe's biggest insurance groups, ING and Aegon, said on Wednesday they had been approached by U.S. regulators with regards to a wider probe into a market timing scandal.
Posted 10 March 2004 - 01:55 PM
On doc's charts, what is the symbol for the spx and the dow? Thanks
""Pretty bubbleheads preen daily on our financial networks, playing the shill to Wall Street and Washington in order to lure unsuspecting Americans into buying insanely overvalued stocks. The great market exchanges, once prudent arenas of investment where the engine of capitalism traded value for value, have become sham casinos staggering under decades of massive Fed created debt and lurching into oblivion on the greater fool theory. Yet our high level bureaucrats, led by Alan Greenspan, exhort all Americans to consume still more of their seed corn and seek still more fools." N. Hultberg
Posted 10 March 2004 - 01:58 PM
Ex-Qwest CFO to testify in trial
Szeliga a key part in earlier probes
By Kris Hudson
Denver Post Business Writer
A key witness in a congressional investigation of Qwest Communications may be called to testify as soon as today in the criminal trial of four of the Denver telecom company's former executives.
Federal prosecutors will summon Robin Szeliga, who was the Denver phone company's chief financial officer from April 2001 to July 2002, to testify about her observations of a 2001 deal between Qwest and the Arizona School Facilities Board.
Grant P. Graham, Thomas W. Hall, Bryan K. Treadway and John M. Walker are being tried on charges of fraud and conspiracy in connection with that deal.
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