TABLE OF CONTENTS
August 2005
|
THURSDAY SEPTEMBER 01
AMEX Seats Spike
Prices hit their highest level in more than two years
> read more
THURSDAY SEPTEMBER 01
Directions
Rosenblatt Securities hires a veteran to boost its agency-only portfolio trading
> read more
MONDAY AUGUST 29
Eurostocks Take Katrina Hit
Germany's DAX down 0.5 percent, French stocks lower as investors eye storm impact; London closed.
> read more
FRIDAY AUGUST 26
Stocks Turn South
U.S. stocks dipped in early trading Friday as Wall Street continued to eye the price of oil, with a speech from Fed Chief Alan Greenspan later in the session also likely to provide a focus for investors.
> read more
FRIDAY AUGUST 26
Economist Warns of Rising Yuan
BEIJING (Reuters) - China is trying to make the yuan more flexible to reflect market supply and demand, but any sharp rise in the currency will be dangerous to the fast-growing economy, an influential Chinese economist said Friday.
> read more
FRIDAY AUGUST 26
Report: Shanghai Bank May Issue Shares
State-run media said Friday that Citigroup Inc., the largest financial institution in the United States, plans to boost its stake in Shanghai Pudong Development Bank Co. to the legal limit of 19.9 percent.
> read more
FRIDAY AUGUST 26
Yes, He's Swiss. But Not Neutral
The chief of Deutsche Bank believes that there is growing support for his drive to transform the bank from a German institution into a globally competitive player.
> read more
THURSDAY AUGUST 25
Stocks Open Higher on Jobless Claims Data
U.S. stocks are trading higher Thursday after Wall Street's negative close Wednesday.
> read more
THURSDAY AUGUST 25
Stocks Deliver Early Gains
U.S. stocks edged higher in early trading Thursday on a modest retreat in the price of oil, with a fresh re-organization at Eastman Kodak.
> read more
THURSDAY AUGUST 25
Oil Surges Despite US Crude Stocks Rise
The looming possibility of further oil disruptions in the US and Latin America on Wednesday saw oil prices break new ground as it moved above $67 a barrel despite growing inventories of crude reserves in the US.
> read more
THURSDAY AUGUST 25
Rents Head Up as Home Prices Put Off Buyers
Rents are rising again across the country, squeezing tenants who are already coping with high gasoline prices and improving returns to landlords after a deep five-year slump.
> read more
WEDNESDAY AUGUST 24
Home Sales Dip, Prices Rise
US home sales fell in July from a record in June, but home prices continue to rise at double-digit rates.
> read more
WEDNESDAY AUGUST 24
US Durable Goods Orders Tumble 4.9%
New orders for manufactured durable goods in July tumbled $10.6 billion, or 4.9 per cent, the US Census Bureau said on Wednesday.
> read more
WEDNESDAY AUGUST 24
Stocks Retreat on Economic Woes
U.S. stocks lost ground in early trading Wednesday on concern over an economic slowdown after a much sharper-than-expected drop in July durable goods orders and a fresh spike in crude-oil prices.
> read more
WEDNESDAY AUGUST 24
Hot Stocks That Haven't Overheated
A rising share price is never reason enough to buy a company's stock. Chartists may talk of "price momentum," but don't take that term too literally.
> read more
WEDNESDAY AUGUST 24
Intel Faces 'Likely Downside' In First Half 2006
J.P. Morgan Securities maintained a "neutral" rating on Intel, seeing "limited upside" to its earnings estimates and "likely downside during the first half of 2006."
> read more
TUESDAY AUGUST 23
China Ups the Ante in Its Bid for Oil
One of China's state-owned oil companies may still be smarting from its failure to acquire Unocal this summer. But another Chinese oil giant showed on Monday that this country is still snapping up assets to satisfy its hunger for energy.
> read more
TUESDAY AUGUST 23
Financials a Focus as Futures Lower
Financials are expected to draw attention Tuesday on further management turmoil at Citigroup and a report of a possible acquisition by Wachovia Corp.
> read more
TUESDAY AUGUST 23
Investor Beefs Up Stake In Schuessler's Wendy's
Where's the beef? You may well ask -- around 10% of Wendy's International is now owned by Pershing Square Capital Management, which has exercised options to buy 10.2 million shares of the company's stock.
> read more
TUESDAY AUGUST 23
A Top Banker Joins Boss in Leaving Citigroup
A long, tumultuous summer at Citigroup shows no signs of letting up. The bank's head of consumer banking, Marjorie Magner, said yesterday that she planned to leave the bank on Oct. 1.
> read more
MONDAY AUGUST 22
Eyetech Shares Jump on Takeover
Shares of Eyetech Pharmaceuticals Inc. soared over 30 percent before the opening bell on Monday, a day after OSI Pharmaceuticals said it would buy the eye disease treatment maker for $935 million in cash and stock.
> read more
MONDAY AUGUST 22
Movers & Shakers
Archer Daniels Midland shares added 5% after the company was upgraded to buy at Citigroup. The firm also lifted its price target on the stock to $26
> read more
MONDAY AUGUST 22
Stocks Set to Open Up on Merger Deals
NEW YORK (AP) -- Wall Street opened the week with a moderate advance Monday, boosted by news of several major acquisitions that shadowed a slight rise in oil prices
> read more
MONDAY AUGUST 22
Oil Prices Dip, Market Weighs Iraq Outages
Oil prices fell but held above $65 a barrel Monday as saboteurs forced Iraq's southern pipeline exports to a halt even as Ecuador resumed some crude production
> read more
FRIDAY AUGUST 19
Goldman Sparks a Panic?
Goldman Sachs issued a wake-up call to Wall Street yesterday, predicting sustained oil prices above $60 a barrel
> read more
THURSDAY AUGUST 18
New FX Product: Bottle Caps?
Residents of Cameroon have begun trading winning beer caps in place of money... if only Homer Simpson spoke Ewondo
> read more
THURSDAY AUGUST 18
Heavy D Finds Love... on the Pink Sheets
Shares of RMD skyrocket to $.00381 after Heavy D joins the hizzah
> read more
THURSDAY AUGUST 18
Trader's Filly Takes the Stakes!
Buzzy Schwartz added another champion to his stable on August 13, when Angara won at Arlington Park
> read more
THURSDAY AUGUST 18
More Bad News for the Kissels
The brother-in-law of the notorious Hong Kong murder suspect is facing charges of his own for real-estate fraud
> read more
THURSDAY AUGUST 18
Indicator Sags
Thursday's Composite Index of Leading Economic Indicators suggests an economic slowdown
> read more
THURSDAY AUGUST 18
NASD Begins Inquiry
The NASD is investigating practices used by Wall Street giants that may "push" hedge funds on investors without fully explaining risks
> read more
THURSDAY AUGUST 18
NYMEX Considers IPO
The world's largest energy market may sell shares to the public
> read more
WEDNESDAY AUGUST 17
Self-Preservationist
Ranking Trader 100 member John Arnold buys and demolishes the beloved Houston landmark "Dogwoods"
> read more
WEDNESDAY AUGUST 17
PPI Jumps In July
U.S. wholesale prices rose 1% in July - more than double what economists predicted
> read more
WEDNESDAY AUGUST 17
Thain Wants to Settle?
The Big Board chief may be willing to accept a $25 million settlement from Dick Grasso
> read more
TUESDAY AUGUST 16
NYSE Dings Merrill
Merrill Lynch must pay a $10 million fine for failing to provide prospectuses and other documents to investors
> read more
MONDAY AUGUST 15
Wall Street Shuns Duopoly
Deals are underway now to secure alternatives to the NYSE and Nasdaq, with major banks making alliances
> read more
FRIDAY AUGUST 12
GLG Co-Founder Killed
Alexandra Ciardi died last Wednesday during a boating accident in Sardinia, where the Wall Street groundbreaker was vacationing with family
> read more
FRIDAY AUGUST 12
Trading Dips on Oil, Trade Deficit
The U.S. trade deficit is running higher than ever - a bad omen to investors already displeased with $66 oil
> read more
FRIDAY AUGUST 12
Sullivan's Sweet Deal
The mastermind behind WorldCom's $11 billion accounting fraud brings down Ebbers, gets a light sentence
> read more
FRIDAY AUGUST 12
Pink Slips at Stanley
Morgan Stanley began laying off up to 1,000 of its retail brokers yesterday
> read more
THURSDAY AUGUST 11
Huevos Rancheros?
The Fidelity bachelor-party scandal delves deeper into the bizarre thanks to Dennis Hof's World Famous Bunny Ranch
> read more
THURSDAY AUGUST 11
Goldman Returns to Ground Zero
The firm will invest $2 billion in a new sales-and-trading facility in Lower Manhattan, scheduled to open in 2009
> read more
THURSDAY AUGUST 11
Bond Crisis Afoot?
Traders worry that the number of September Futures contracts outnumbers actual bonds
> read more
THURSDAY AUGUST 11
NYSE Members Disgruntled
The Exchange Member's board has asked CEO John Thain to "re-evaluate" the ownership split in the Archipelago deal
> read more
WEDNESDAY AUGUST 10
Oil Spikes... Again
Crude surpasses $64 per barrel while retail gas hits an all-time high of $2.354
> read more
WEDNESDAY AUGUST 10
Casting Call for Traders!
This production company is seeking big-personality traders to star in its new Wall Street-inspired reality show
> read more
Keywords:
Insider Info
WEDNESDAY AUGUST 10
Blast From the Past
Download "Joey the Specialist," a 2002 spoof song released by Archipelago before it allied with the Big Board
> read more
Keywords:
Insider Info
TUESDAY AUGUST 09
SEC Nails Citi Execs
Did two former Citigroup executives divert tens of millions of dollars away from mutual-fund investors?
> read more
TUESDAY AUGUST 09
WorldCom Exec Gets Slammer
Former accounting director was sentenced to one year and one day in prison for his part in WorldCom's $11 billion fraud
> read more
TUESDAY AUGUST 09
No Surprises
Tuesday, the Federal Reserve increased a key interest rate to 3.5 percent -- highest level since 2001
> read more
TUESDAY AUGUST 09
Spitzer's Demons
Eliot Spitzer's legal eagles -- now 0-1 in the courtroom -- are steeling for another trial
> read more
TUESDAY AUGUST 09
Inflation Worries Subside
Retreating oil prices and a Labor Department productivity report spur slightly higher trading Tuesday
> read more
TUESDAY AUGUST 09
Bottoms Up!
The beer-bottle company owned by the Cerberus family of hedge funds is seeking bankruptcy protection
> read more
TUESDAY AUGUST 09
SEC Sues Knight Trading Execs
The former CEO and sales chief failed to supervise a trader who made $41 million at the expense of clients, the SEC says
> read more
MONDAY AUGUST 08
No Bogeys!
By
A.D. Barber
This week’s hedge-fund golf school benefits a great cause
> read more
MONDAY AUGUST 08
Oil: Just the Beginning?
As crude oil hits a new high amid Saudi security worries, experts predict a sustained increase in U.S. gas prices
> read more
MONDAY AUGUST 08
E+Trade On the Rebound
The online broker, fresh of its failed Ameritrade bid, will buy rival Harrisdirect for $700 million cash
> read more
MONDAY AUGUST 08
Losing Interest
Vega Asset Management falls victim to bad bets on interest rates, loses key traders
> read more
MONDAY AUGUST 08
Insider Trading Mystery
Authorities suspect an inside trader stole the identity of a simple Croatian woman to profit from the Adidas-Reebok deal
> read more
FRIDAY AUGUST 05
Job Growth Strong
Today's announcement from the Labor Department shows 207,000 new July jobs and 5 percent unemployment
> read more
FRIDAY AUGUST 05
Oil Nears $62
Crude prices would have to top $90 to reach the all-time inflation adjusted high set in 1980
> read more
FRIDAY AUGUST 05
Swimming With the Sharks
Swim across the Strait of Gibraltar? Who do these Refco traders think they are?
> read more
FRIDAY AUGUST 05
Rare Move: England Cuts Rates
The Bank of England trimmed .25 percentage points from its interest rate to kick-start a sluggish economy
> read more
THURSDAY AUGUST 04
Fed Chairman List Grows
The White House is reportedly adding more names to the roster of potential replacements for Alan Greenspan
> read more
THURSDAY AUGUST 04
NYSE Investigates Suspect Trades
The Exchange's regulatory unit is looking into trading practices at roughly 10 large Wall Street firms
> read more
THURSDAY AUGUST 04
NYSE Seat Sells For $3 Million
This week's record-setting sale fuels debate about the health of the Exchange
> read more
WEDNESDAY AUGUST 03
Circling the Wagons
Circle T Partners CIO Seth Tobias says he will personally reimburse investors for losses incurred during a mini-rogue trading scandal
> read more
WEDNESDAY AUGUST 03
Oil Seesaws, Hits New High
In anticipation of the government's latest petroleum inventory report, crude oil spiked Wednesday to $62.44
> read more
WEDNESDAY AUGUST 03
30-Year Bond Makes Comeback
The Bush administration will reintroduce the "long" bond after a four-year hiatus to help finance the national debt
> read more
WEDNESDAY AUGUST 03
Adidas Deal: A Shoe-In?
Nike stock, which bounced Tuesday, is falling on news of a $4 billion Reebok acquisition by Adidas-Solomon; Reebok is up 30%
> read more
TUESDAY AUGUST 02
Wynn Gets (Un)Lucky
Investors dump shares of Wynn Resorts as it takes a loss in its first quarter as an operating casino
> read more
TUESDAY AUGUST 02
Nasdaq Nears New High
The Commerce Department's consumer-spending report helps boost stocks during Tuesday trading
> read more
TUESDAY AUGUST 02
China Drops Unocal Bid
CNOOC says the U.S. "political environment," not a competing Chevron bid, dissauded it from acquiring Unocal for as much as $20 billion
> read more
TUESDAY AUGUST 02
Inside Purcell's Last Days
Vanity Fair exposes the "dirty tricks" and paranoia preceding Phil Purcell's ouster from Morgan Stanley
> read more
TUESDAY AUGUST 02
Crude Hits $62.30
Oil prices begin to fall Tuesday, pushing stocks higher and complementing positive consumer-spending data
> read more
MONDAY AUGUST 01
Orion Bows to Ponzi Scandal
Russell Cline has pleaded guilty to defrauding investors of $16 million, which he used to buy homes, cars and porn
> read more
MONDAY AUGUST 01
And a Gadfly Shall Lead Them
Bill Higgins' lawsuit objecting to the NYSE merger has met with a resounding shrug from other seat owners
> read more
MONDAY AUGUST 01
Jacko-Backeds?
Michael Jackson finds financial relief with Fortress Financial Group
> read more
MONDAY AUGUST 01
Tech Execs Fatten Wallets
Silicon Valley's top tech bosses saw their pay rise 57 percent in 2004
> read more
MONDAY AUGUST 01
Google Insiders Liquidating?
Co-founders Larry Page and Sergey Brin, plus other key executives, have sold off $2.9 billion in Google shares
> read more
MONDAY AUGUST 01
Brokerages Lower Rates
Many firms are transfering clients' idle cash from money-market funds to savings accounts with lower interest rates
> read more
MONDAY AUGUST 01
Oil Bounces on Fahd's Death
Oil futures gained 55 cents to hit $61.12 a barrel following the death of Saudi King Fahd
> read more
FRIDAY JULY 29
Economy Grows 3.4%
Stocks fell Friday as the government announced slowing economic growth and oil inched above $60
> read more
FRIDAY JULY 29
Beware WiFi Pirates
The NASD warns that day traders and small brokerages may be sitting ducks for WiFi hackers
> read more
FRIDAY JULY 29
LBOs: They're Back
SunGard Data Systems has approved the largest LBO since the notorious 1989 RJR Nabisco deal
> read more
FRIDAY JULY 29
Thain Blasted for Conflicts
A New York judge yesterday criticized the former NYSE chief for conflicts of interest related to Goldman and Archipelago
> read more
THURSDAY JULY 28
NYSE Dissident Threatened
William Higgins, an NYSE seat holder contesting the deal with Archipelago, reportedly received a death threat
> read more
THURSDAY JULY 28
Big Board Demands Explanation
The NYSE has asked Delta Air Lines to explain why its stock plunged nearly 15% on Wednesday
> read more
WEDNESDAY JULY 27
SEC Levels Insider Trading Suit
An SEC lawsuit accuses two unnamed defendents of trading Merix common stock with material nonpublic information
> read more
WEDNESDAY JULY 27
Iceland Exchange May Merge
The Iceland Stock Exchange will decide in October whether to be taken over by the OMX AB group of Nordic stock exchanges
> read more
Scan
Previously » July 2005
More recently » September 2005
Current » Morning Call: December 1
