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News & Updates

April 15, 2014 U.S. Stocks Rally on Citigroup, Data as Treasuries, Ruble Drop

Source: Businessweek

The Standard & Poor’s 500 (SPX) Index rebounded from the worst weekly loss in two years, weathering a selloff in the final hour, after retail sales rose the most since 2012 and Citigroup Inc. (C:US)’s earnings unexpectedly rose....

April 15, 2014 Bitcoin promoter Shrem indicted in NY for money laundering

Source: Reuters

NEW YORK - Prominent bitcoin entrepreneur Charlie Shrem has been indicted by a federal grand jury in New York on charges of funneling cash to the illicit online marketplace Silk Road.

April 15, 2014 City of Detroit close to pension deal, which could pave way for bankruptcy exit

Source: Detroit Free Press

The City of Detroit and groups representing city retirees could announce as soon as today that they have agreed to a deal on pension cuts, which could pave the way for a resolution to the largest municipal bankruptcy in U.S....

April 15, 2014 Asian Stocks Mixed As Traders Brace For China Data

Source: Nasdaq

Asian stocks ended mostly higher on Tuesday after U.S. stocks rebounded overnight on the back of an encouraging retail sales report. While signs of recovery in the world's largest economy aided sentiment, gains were tempered by...

April 15, 2014 Socially responsible investing - more than good versus bad companies

Source: Money Management

Socially responsible investing is more complex than simply distinguishing ‘good’ companies from ‘bad’ companies, writes Bruce Smith. Over the past couple of decades there has been a clear and growing movement towards the...

April 14, 2014 High-Frequency Traders Get Curbs as EU Reins In Flash Boys

Source: Bloomberg

European Union lawmakers are poised to approve some of the toughest restrictions in the world on high-frequency trading, the first crackdown in the aftermath of Michael Lewis’s latest book, “Flash Boys.” The curbs are part of...

April 14, 2014 Euro zone's February output suggests gradual recovery strengthening

Source: Reuters

Output at the euro zone's factories rose broadly in line with expectations in February, driven by production of intermediate and non-durable goods, suggesting the bloc's recovery is gradually strengthening, EU data showed on...

April 14, 2014 Executive Compensation Data Firm Equilar Releases Annual CEO Pay Study

Source: PR Web

Equilar, the leader in executive compensation benchmarking and governance research, today announced the publication of the Equilar 100 CEO Pay Study in The New York Times. This study examines CEO pay at the 100 largest U.S....

April 14, 2014 A look at your chances of getting audited by IRS

Source: Washington Post

The Internal Revenue Service audited less than 1 percent of the income tax returns filed last year. But your odds of getting audited vary greatly, depending on income

April 12, 2014 S&P 500 Has Worst Week Since January on Valuation Concern

Source: Bloomberg

The Standard & Poor’s 500 Index and Nasdaq Composite Index capped their worst week since 2012, with stocks most beloved by hedge funds plunging amid concern valuations have climbed too high as earnings season starts.

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