All the efforts made to enact the Dodd-Frank bill last year are being undermined by the Republicans this year. But the pieces of the legislation they want to repeal are the exact problems that caused hundreds of thousands of small investors to be scammed in 2008. (more…)
Archive for March, 2011
The Dow has not dipped below its 50 day moving average due to the Japanese earthquake disaster.
Since its high in February at 12,400, the Dow has continued to drop down. (more…)
Nasdaq is making a hostile bid for the NYSE Euronext (NYX.N) to keep the NYSE in America. The Wall Street Journal reported on Monday that the offer is coming. (more…)
General Electric Co. shares fell 9% with Japan’s Fukushima Daiichi nuclear power plant meltdown. Here’s the problem, and how GE may be culpable. GE designed the plant’s reactors. According to Japanese Prime Minister Naoto Kan., there has been a “substantial” radiation leak. The Wall Street Journal stated that GE is ready to give technical assistant to the Japanese government and has has engineers on standby in a Wilmington, N.C., command center. (more…)