Brokers go about their business at the Stock Exchange in Madrid, ...
Nov 15th, 2011
(AP) - Brokers go about their business at the Stock Exchange in Madrid, Tuesday Nov. 15, 2011 as Spain's borrowing costs shot up Tuesday in an auction of short-term debt. Investors are growing more wary of holding the country's debts amid fears that the eurozone's debt crisis is spreading but the government blamed Tuesday's bad numbers on financial jitters around Europe and ruled out a rescue for the eurozone's fourth largest economy. (AP Photo/Paul White) -
(Reuters) - Two former brokers for a JP Morgan Chase & Co unit have been barred from the securities industry after they allegedly stole$300,000 from an elderly client's account and exploited her failing mental capacity to carry out the scheme, Wall Street's industry-funded watchdog said on Tuesday. The brokers, Jimmy Caballero and Fer... [Full Article]
By Joseph Menn SAN FRANCISCO (Reuters) - Microsoft Corp pledged late Wednesday to fight in court any attempt by U.S. intelligence agencies to seize its foreign business customers' data under American surveillance laws, one of a series of steps aimed at reassuring nervous users abroad. "We are committing contractually to not turning it ove... [Full Article]
By Caroline Valetkevitch NEW YORK (Reuters) - U.S. companies are sounding the alarm on fourth-quarter earnings, lowering profit estimates just as the stock market is poised to end its best year since 1998. The ratio of profit warnings to positive outlooks for the current quarter is shaping up to be the worst since at least 1996, based on Thomson Re... [Full Article]
By Herbert Lash NEW YORK (Reuters) - U.S. security exchanges are feverishly working in the wake of August's Nasdaq trading halt to reinforce a market that too frequently seems to succumb to technology glitches, but these efforts are unlikely to rectify all the weak spots. Making the SIPs more resilient highlights a problem for a market that ge... [Full Article]