SEC head urges Congress to act on derivatives (AP)

FILE  - In this June 22, 2009 file photo, U.S. Commodity Futures Trading Commission Chairman Gary Gensler testifies on Capitol Hill in Washington, before the Senate Banking Committee. Gensler criticized Wall Street's stance on proposed new oversight for the shadowy $600 trillion derivatives market Thursday, March 11, 2010. Derivatives have been blamed for hastening the 2008 financial crisis.(AP Photo/Susan Walsh, file)AP - The government's top securities regulator called Thursday for Congress to impose new oversight on financial derivatives, warning that allowing risky instruments like credit default swaps to continue unfettered could bring further economic damage.



[Fri, 12 Mar 2010 00:24:04 GMT]
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SEC head prods Congress on derivatives rules (Reuters)
Reuters - The top U.S. securities regulator said market watchdogs need to supervise credit default swaps, securities blamed for exacerbating 2008's market meltdown and more recently the Greek debt crisis.
[Thu, 11 Mar 2010 23:46:27 GMT]
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How the major stock indexes fared on Thursday (AP)
AP - A rally in financial stocks Thursday helped the market extend its grind higher to a third day.
[Thu, 11 Mar 2010 23:18:30 GMT]
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Stocks climb for 3rd day as financial shares rise (AP)

In this March 8, 2010 photo, a sign for Wall Street is shown near the New York Stock Exchange. Stock futures fell slightly after the Labor Department said first-time claims for jobless benefits fell slightly less than expected.(AP Photo/Mark Lennihan)AP - A rally in financial stocks Thursday helped the market extend its grind higher to a third day.



[Thu, 11 Mar 2010 23:02:16 GMT]
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A look at global economic developments (AP)
AP - A look at economic developments and activity in major stock markets around the world Thursday:
[Thu, 11 Mar 2010 22:21:38 GMT]
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S&P 500 hits 17-month high as banks lift Wall St (Reuters)

The Wall Street sign is seen in front of the New York Stock Exchange, October 8, 2009 file photo. REUTERS/Chip EastReuters - The S&P 500 hit a 17-month closing high as rising bank shares led a late rally that lifted stocks on Thursday, more than offsetting worries China may move to cool its overheating economy.



[Thu, 11 Mar 2010 21:29:49 GMT]
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Appetite for reform fading: NYSE Euronext CEO (Reuters)
Reuters - The appetite and sense of urgency for world financial reform have waned as markets have rebounded and the world economy has shown signs of recovering, the head of exchange operator NYSE Euronext said on Thursday.
[Thu, 11 Mar 2010 18:27:10 GMT]
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FTSE shares end in the red (AFP)

FTSE 100 shares ended in the red after the latest batch of mixed economic data and company reports.(AFP/File/Shaun Curry)AFP - FTSE 100 shares ended in the red on Thursday after the latest batch of mixed economic data and company reports.



[Thu, 11 Mar 2010 17:11:44 GMT]
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World stocks subdued after Chinese inflation jump (AP)

Investors look at  a stock price monitor at a private securities company Wednesday, March 10, 2010 in Shanghai, China. Chinese shares have ended a three-day rally and fell amid uncertainty about the direction of government policy as investors awaited February data.  The benchmark Shanghai Composite Index shed 20.21 points, or 0.7 percent, to close at 3,048.93.  (AP Photo/Eugene Hoshiko)AP - European and U.S. stock markets fell modestly Thursday amid growing concerns of an overheating Chinese economy and as investors awaited further insight into the state of the U.S. economic recovery.



[Thu, 11 Mar 2010 16:46:47 GMT]
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FTSE 100 opens lower (AFP)

Leading shares weakened after unconvincing gains overnight on Wall Street as investors mulled the latest economic data and company news.(AFP/File/Shaun Curry)AFP - Leading shares weakened on Thursday after unconvincing gains overnight on Wall Street as investors mulled the latest economic data and company news.



[Thu, 11 Mar 2010 12:09:55 GMT]
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European stock markets weaken (AFP)

A stock broker at the Frankfurt stock exchange on February 5. Europe's main stock markets weakened after unconvincing gains overnight on Wall Street as investors mulled the latest economic data and company news.(AFP/DDP/File/Thomas Lohnes)AFP - Europe's main stock markets weakened Thursday after unconvincing gains overnight on Wall Street as investors mulled the latest economic data and company news.



[Thu, 11 Mar 2010 11:24:58 GMT]
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China inflation spike weakens equities (Reuters)

The share price indicator for Macquarie Group is seen in red on the Australian Stock Exchange (ASX) board in central Sydney February 9, 2010. REUTERS/Daniel MunozReuters - A spike in Chinese inflation weakened equity markets on Thursday, as investors pondered the prospects of interest rate hikes in one of the world's main economic drivers.



[Thu, 11 Mar 2010 09:02:53 GMT]
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Summary Box: Stocks rise after inventories fall (AP)
AP - GOOD NEWS, MODEST MOVES: The Dow Jones industrial average tacked on only 3 points Wednesday after the government said that inventories at wholesalers fell in January while sales rose. That suggests that demand is strengthening.
[Wed, 10 Mar 2010 23:29:59 GMT]
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A decade later, lessons in the Nasdaq collapse (Reuters)
Reuters - Ten years ago today, before the dot-com bubble burst, the Nasdaq composite index hit a record 5,132.52 points -- a peak that the technology-heavy market shows no sign of scaling again any time soon.
[Wed, 10 Mar 2010 16:37:58 GMT]
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SEC chief economist leaving (AP)
AP - The chief economist of the Securities and Exchange Commission, who is an expert on the financial instruments that figured largely in the 2008 crisis, is leaving his position for the private sector.
[Wed, 10 Mar 2010 00:25:02 GMT]
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Kroger, Ruby Tuesday, UAL are big movers (AP)
AP - Stocks that moved substantially or traded heavily Tuesday on the New York Stock Exchange and Nasdaq Stock Market:
[Tue, 09 Mar 2010 22:58:48 GMT]
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SEC sues ex-NY loan trader over alleged kickbacks (Reuters)
Reuters - A former stock loan trader at Morgan Stanley and Bank of America Corp in New York received well over $100,000 of cash kickbacks by steering orders to other brokerage firms, the U.S. Securities and Exchange Commission said in a lawsuit filed on Tuesday.
[Tue, 09 Mar 2010 21:49:59 GMT]
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U.S. SEC's chief economist to leave agency March 31 (Reuters)
Reuters - The U.S. Securities and Exchange Commission's chief economist, James Overdahl, will be leaving at the end of the month, he said on Tuesday.
[Tue, 09 Mar 2010 20:15:45 GMT]
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China: US assets should not be 'politicized' (AP)

FILE - In this Oct. 16, 2009 file photo, a bank clerk counts U.S. 100 dollar bills near bundles of Chinese renminbi notes at a bank in Hefei, in central China's Anhui province. An official in charge of China's foreign reserves tried to ease American concern Tuesday, March 9, 2010, about the political impact of Beijing's huge holdings of U.S. government debt. (AP Photo, File)AP - An official in charge of China's foreign reserves tried to ease American concern Tuesday about the political impact of its huge holdings of U.S. government debt and indicated Beijing has no plans for a big increase in its gold stockpile.



[Tue, 09 Mar 2010 08:02:49 GMT]
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New York governor rejects reimposing stock transfer tax (Reuters)
Reuters - New York state should not reimpose a stock transfer tax as this would make Wall Street firms move to other cities such as New Jersey's Newark, or other states like Connecticut, Governor David Paterson said on Monday.
[Mon, 08 Mar 2010 19:52:16 GMT]
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