December 3, 2008
Asian markets rebound after Fed cut
Asian stock indexes rose sharply Wednesday, rebounding from steep losses in the previous two days after a surprise interest rate cut by the U.S. Federal Reserve.
Stocks tumble amid new Wall Street landscape
Stocks retreated sharply and Treasury bond prices jumped Monday as investors reacted to a stunning reshaping of the landscape of Wall Street that took out two storied names: Lehman Brothers Holdings Inc. and Merrill Lynch & Co. The Dow Jones industrial average fell more than 300 points.
SEC: Local residents allegedly bilked in investor scam
The Securities and Exchange Commission today filed civil fraud charges against two promoters who allegedly made millions selling a get-rich-quick stock trading system they touted on TV and at investor workshops at hotels in dozens of cities nationwide.
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