Reuters - Securities regulators proposed
weaning investors and Wall Street institutions from
over-reliance on credit ratings, part of changes to the rating
industry prompted by the subprime mortgage crisis. -- read full article
Reuters - Stocks fell on Tuesday, on concerns
about the economy after a report showed consumer confidence hit
a 16-year low and as a profit warning from United Parcel
Service stoked fears about corporate results.
AP - NYSE Euronext Inc. said Tuesday it will pay $250 million for a 25 percent stake in Qatar's Doha stock market, as the operator of the New York Stock Exchange moves to build a financial hub in the Middle East. -- read full article
Reuters - The Toronto Stock Exchange's main index
shed nearly 2 percent on Tuesday, dragged down by skidding
resource issues amid investor concerns over the long-term
prospects for oil demand.
AP - Wall Street ended an erratic session moderately lower Tuesday as concerns grew about the impact of high fuel costs on consumers and corporate profits. Treasury prices rose on the economic uncertainty.
AFP - The Securities and Exchange Commission (SEC) plans to propose rules that may diminish the traditional weight credit ratings carry in many markets, The Wall Street Journal reported online Tuesday.
AFP - US shares stumbled Tuesday as a bleak outlook from delivery giant UPS and news that home prices are still falling darkened the mood as traders girded for a Federal Reserve meeting.
Reuters - The Toronto Stock Exchange's main index
tumbled on Tuesday morning, as resource shares retreated amid
choppy oil prices and global markets set a negative tone. -- read full article
AP - NYSE Euronext Inc. said Tuesday it will pay $250 million for a 25 percent stake in Qatar's Doha stock market, as the operator of the New York Stock Exchange moves to build a financial hub in the Middle East. -- read full article
Reuters - Stocks edged higher on Tuesday as
investors looked for bargains among beaten-down financial
shares and the price of oil slipped, offsetting a profit
warning from United Parcel Service
AP - Wall Street rebounded in erratic trading Tuesday, with investors seeking bargains among financial stocks even as concerns grew about the impact of high fuel costs on consumers and corporate profits.
Reuters - Scottrade Inc has agreed to pay
$950,000 to settle charges that it made misrepresentations to
customers regarding the broker-dealer's trade executions. -- read full article
Reuters - The Toronto Stock Exchange's main index
kicked off the week by surging higher on Monday, buoyed by firm
oil prices and a jump by BCE Inc after Canada's top court
backed the buyout of the telecom company.