December 5, 2008
Stock Probes Involve Some High-Profile Names
Stock trading investigations are on a brisk pace in 2007, running between about 10% and 12% ahead of last year's levels through the end of March, regulatory sources tell me. These figures cover probes by the Securities & Exchange Commission and the various stock exchanges. Major corporate names are included among some of the more recently initiated trading investigations. They include studentloan
Google Earns $372.2M in 4Q, Misses Views
Google Inc.'s rapid financial growth decelerated in the fourth quarter as the online search leader's profit fell below analyst expectation for the first time since its August 2004 initial public offering. The news rattled previously bullish investors, causing Google's stock price to plunge by more than 15 percent.
The Financial Supervisory Service will investigate short selling of stocks and other activities creating financial jitters resulting in plunging share prices and a weaker won.
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