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Showing posts from May 6, 2015

European Markets at Close Report by CNBC on May 6, 2015: Europe shares end mostly higher as euro rallies

Europe shares end mostly higher as euro rallies Jenny Cosgrave |  Matt Clinch |  Holly Ellyatt The pan-European  Euro Stoxx 600 Index  finished lower after fluctuating for much of the session, but major bourses managed to eek out gains to finish in positive territory.  SocGen slips Symbol Name Price   Change %Change Volume FTSE FTSE 100 Index 6933.74   6.16 0.09% 889178465 DAX DAX Index 11350.15   22.47 0.20% 101726681 CAC 40 CAC 40 Index 4981.59   7.52 0.15% 174401622 IBEX 35 IBEX 35 Idx 11163.60   48.00 0.43% 275553721

SEC Litigation Release - May 6, 2015: North Dakota Developments, LLC, Robert L. Gavin, and Daniel J. Hogan, et.

U.S. SECURITIES AND EXCHANGE COMMISSION Litigation Release No. 23252 / May 6, 2015 Securities and Exchange Commission v. North Dakota Developments, LLC, Robert L. Gavin, and Daniel J. Hogan, et. al. , Civil Action No. 4:15-cv-00053-DLH-CSM (D.N.D.) SEC Halts Bakken Oil and Gas-Related Investment Scheme The Securities and Exchange Commission today announced charges and an emergency asset freeze against North Dakota Developments, LLC ("NDD") and its two principals for allegedly defrauding investors in a scheme to purportedly build and operate short-term housing facilities or "man camps" for workers in the Bakken oil and gas formation of North Dakota and Montana. The SEC alleges that NDD and its owners Robert L. Gavin and Daniel J. Hogan have raised over $62 million from hundreds of investors in various states in the U.S. and foreign countries for interests in one of four "man camp" projects. According to the SEC's complaint filed yesterday i

FDIC Press Release - May 6, 2015: FDIC Office of Inspector General Press Release

FDIC Office of Inspector General Press Release The following press release, issued by the U.S. Department of Justice, was recently posted to the Federal Deposit Insurance Corporation’s (FDIC) Office of Inspector General (OIG) Web site: . Such press releases reflect actions resulting from the OIG’s partnerships with U.S. Attorneys’ Offices throughout the country and other OIGs and law enforcement entities. Appalachian Community Bank Vice President Sentenced to Federal Prison for Bank Fraud

Two traders sued by CFTC for 'spoofing' on gold and silver futures: GATA | THE GATA DISPATCH - May 6, 2015

Two traders sued by CFTC for 'spoofing' on gold and silver futures Submitted by cpowell on   Wednesday, May 6, 2015 Patricia Hurtado Bloomberg News Tuesday, May 5, 2015 Two traders from the United Arab Emirates were sued by U.S. regulators over claims they were "spoofing" gold and futures markets by placing bids and offers they intended to cancel before execution. The traders, Heet Khara and Nasim Salim, suspended for 60 days by CME Group Inc. last week, should be permanently barred from trading and fined from their illegal profits, the U.S. Commodity Futures Trading Commission said  Tuesday  in a complaint in Manhattan federal court. The practices they are accused of are similar to those in the case against Navinder Singh Sarao, the British trader facing U.S. charges for allegedly manipulating futures markets for five years and contributing to the 2010 flash crash. Khara and Salim appeared to act "in a coordinated fashion" as recently as Ap

U.S. Department of the Treasury Press Release on May 6, 2015: Minutes of the Meeting of the Treasury Borrowing Advisory Committee of the Securities Industry and Financial Markets Association May 5th

Minutes of the Meeting of the Treasury Borrowing Advisory Committee of the Securities Industry and Financial Markets Association May 5th ​ The Committee convened in closed session at the Hay Adams Hotel at  11:35 a.m.   All members were present.  Counselor to the Secretary Antonio Weiss, Acting Assistant Secretary for Financial Markets Seth Carpenter, Deputy Assistant Secretary for Federal Finance James G. Clark, and Director of the Office of Debt Management Fred Pietrangeli welcomed the Committee.  Other members of Treasury staff present were Chief Risk Officer Ken Phelan, Deputy Assistant Secretary for Capital Markets Monique Rollins, Deputy Director Allen Zhang, Deputy Director John Dolan, Laura Lipscomb, Dave Chung, Chris Cameron, Tom Katzenbach, Michael Puglia, Kanna Nakamura, Sundar Swaminathan, Adam Hodge, and Lepi Jha.  Federal Reserve Bank of New York staff members Simon Potter, Lorie Logan, and Nathaniel Wuerffel were also present.

DealBook Today's Top Headlines - May 6, 2015: European Antitrust Investigation to Affect U.S. Tech Firms | Fears About Bond Market Volatility | Netflix Objects to AT&T-DirecTV Merger | Value of Celebrity Venture Capitalists.

WEDNESDAY, MAY 6, 2015 TODAY'S TOP HEADLINES BY DEALBOOK EUROPEAN ANTITRUST INVESTIGATION TO AFFECT U.S.TECH FIRMS   The European Commission said  on Wednesday  that it would open an antitrust investigation to see whether large e-commerce players like Amazon were impeding competition over how Europeans buy goods and services online,  Mark Scott writes in The New York Times . The investigation will cover so-called online platforms, like Uber, the ride-booking service, and Airbnb, the vacation-rental website, that use online data provided by their users, and whether these companies unfairly promote their own services over those of rivals. 

NYT Today's Headlines - May 6, 2015: Top News | Editors Picks | Today's Video | World | U.S.| Politics | Business | Technology | Sports.

Today's Headlines Wednesday, May 6, 2015 Top News Lawmakers in France Move to Vastly Expand Surveillance By ALISSA J. RUBIN A measure would give the intelligence services the right to gather potentially unlimited electronic data from Internet communications, and to tap cellphones and capture text messages.

The Telegraph City Briefing - May 6, 2015.

City briefing   JAMES TITCOMB  BUSINESS REPORTER  TOP OF THE AGENDA Good morning. Here's our early look at today's news from the City: SAINSBURY'S SUFFERS FIRST LOSS IN A DECADE Not since former chief executive Justin King kicked off a turnaround plan in 2005 has Britain's third-largest supermarket lost money, but sweeping changes are hitting Britain's big grocers, and Sainsbury's has now joined Tesco in posting a red bottom line.

U.S. Stock Markets Future Indications and Asian Markets at Close Report by MarketWatch on May 6, 2015.

U.S. stocks: futures trim gains after ADP report By SARA SJOLIN MARKETS REPORTER U.S. stocks-index futures were trading slightly higher on Wednesday, as investors assessed private-sector employment report and productivity data, both of which came in lower than expected. The pace of hiring in the private sector slowed in April, while productivity slumped for the second quarter in a row. Federal Reserve Chairwoman Janet Yellen was also in the spotlight ahead of a panel debate with the head of the International Monetary Fund, Christine Lagarde. Futures for the Dow Jones Industrial Average  YMM5,  +0.33%   rose 54 points, or 0.3%, to 17,916, while those for the S&P 500 index  ESM5,  +0.25%   climbed 4 points, or 0.2%, to 2,088. Futures for the Nasdaq 100 index  NQM5,  +0.08%   gained 3.5 points, or 0.1%, to 4,411.75. The benchmarks closed sharply lower on Tuesday, with the S&P 500  SPX,  -1.18%  suffering  its biggest one-day percentage decline  in six weeks