Wall Street continues to wallow in scandals. This time, we learned some companies have been backdating executives’ stock options. Companies quietly reached back and dated the options when the stock market prices were low. It gave executives instant gains.
Citic Surpasses Lehman, Schwab as Chinese Savings Power Stocks
Sept. 26 (Bloomberg) -- Citic Securities Co. is the fastest- growing brokerage firm in the world thanks to the booming market for Chinese stocks, and Wall Street may have to get used to the industry neophyte challenging Goldman Sachs Group Inc., Morgan Stanley and Merrill Lynch & Co. as the biggest. ... more...This is a multi-part message in MIME format. ------------=_485191D8.4EC1D450 Content-Type: text/plain; charset=iso-8859-1 Content-Disposition: inline Content-Transfer-Encoding: 8bit Spam detection software, running on the system "server.destinpro.com", has identified this incoming email as possible spam. The original message has been attached to this so you can view it (if it isn't spam) or label similar future email.... more...Stocks rally on housing data, energy sector
Stocks shot higher on Tuesday after stronger-than-expected housing data eased concerns about slower economic growth, while a rebound in oil prices prompted some buying of energy companies' shares.
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