MCF approves plan to repurchase 8 percent of its shares
MCF Corp., parent of San Francisco investment bank Merriman Curhan Ford & Co., said Tuesday that it authorized a stock buyback for up to 1 million shares over two years.
February 27, 2008
Stock trading ended with a bang on Monday as the Dow average plunged nearly 200 points, pressured in part by tensions with oil-producing Iran, a slowing service economy and comments by inflation-watching Fed Chairman Ben Bernanke.
CORRECTED - GLOBAL MARKETS-Stocks lower, dollar flat, oil creeps up
In NEW YORK story headlined "GLOBAL MARKETS-Stocks lower, dollar flat, oil creeps up" please read in 29th paragraph " was down 0.5 percent at 0.7632" instead of "was up 0.5 percent " (corrects direction) A corrected repetition follows:
Nacchio Guilty of Insider Trading
Joseph P. Nacchio, the telecommunications entrepreneur whose fortune swelled with the Internet boom, was convicted yesterday of 19 counts of insider trading for selling more than $50 million of Qwest Communications International stock when he knew the company's prospects were dwindling in 2001.
