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SEC Economist Leaving Amid Short-Sale Rules Conflict
(Adds commissioners advocacy in the 14th paragraph.) March 9 (Bloomberg) -- The U.S. Securities and Exchange Commissions top economist is leaving the agency after Chairman Mary Schapiro merged his office with another and passed short- selling rules that

Sector Wrap: Airline stocks rise
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PREVIEW-DDGs contract good hedge, spec interest a question
* Trading of new DDGs contract starts April 26 * Contract will provide 'corn crush' hedge * Volume biggest hurdle of success CHICAGO (Reuters) - The CME Group's distillers' grain futures contract that debuts in April can be a tool for corn-based ethanol

Are mutual funds really 'burning' cash?
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Dollar Falls as Stock Gains Encourage Demand for Riskier Assets
March 9 (Bloomberg) -- The dollar fell against the currencies of commodity-exporting nations including Brazil and Canada as advancing stocks encouraged demand for assets that historically benefit as global growth rebounds. The yen rose against most of

Trusted Adviser or Stock Pusher? The Financial Overhaul Bill May Not Settle It
You have probably seen the television commercial, the one where you seem to be watching an intimate conversation between family members. But at the end, you learn that the conversation was actually between a broker and his client. David B. Armstrong, a

Fundamentally: A Farewell to European Stocks? Not So Fast
IN 2008, during the worst of the financial crisis, portfolio diversification was of little help to stock investors as equity markets fell almost in lock step around the world. Today, it’s a different story. For the first time since the global credit

‘Fear the Boom and Bust’: A Rap Anthem for the Economy
Economic theory can be pretty dry, but set it to a beat with a coupla gangsta economists in a hotel lobby and suddenly, it’s the most interesting thing you’ve heard all day. Making the rounds on YouTube is “Fear the Boom and Bust,” a seven-minute

Harry Shearer on Why He's Taking on Wall Street
Harry Shearer has tackled politics in his work, including his weekly radio show "LeShow" and his Grammy-nominated CD "Songs of the Bushmen." But in his latest CD, "Greed and Fear," the funnyman takes on Wall Street. After I wrote a post about the new CD

U.S. Stocks Resume Gains, Led by Telephone, Industrial Shares
March 9 (Bloomberg) -- U.S. stocks erased gains after the Standard &Poor’s 500 Index came within 0.5 percent of its high for the year as investors speculated the economy is not improving enough to justify a further advance. Freeport-McMoRan Copper &

Treasurys Slip as Hopes Grow For Economy
U.S. Treasurys eased for a second day Wednesday after data showed slower private sector job losses, raising hope the economy's recovery was becoming more pronounced and tarnishing the safe-haven appeal of government debt. Price losses were extended

U.S. Stocks Erase Gain on Concern Rally Outpaced Economy
March 9 (Bloomberg) -- U.S. stocks erased gains as declines in commodity producers and consumer shares wiped out an earlier advance. The Standard &Poors 500 Index gained 0.1 percent to 1,139.04 at 3:20 p.m. in New York after rallying as much as 0.6

Energy Sec Chu Says Global Warming Is Real; Nat Gas Will Be
Energy Secretary Steven Chu announced today a $154 million government in a carbon-capture and sequestration project to be developed by electric utility NRG in Texas. NRG will match the federal funds and build a 60 mw power plant--the carbon dioxide from

Stock Picks: Disney, Hewlett-Packard, PNC, Brocade
Wall Street analyst opinions on stocks making headlines in Monday's market Walt Disney Co.: Deutsche Bank analyst Doug Mitchelson reiterated a buy rating on shares of Walt Disney Co. (DIS) on Mar. 7. The studio's "Alice in Wonderland," the Lewis Carroll

The Dow's best performer is ...
Boeing stock skyrocketed back in 1982 and 1983 after the launch of the 757. Some think shares could outperfrom the market again thanks to the new 787.Yes, the company that's one r instead of an e away from being Boring is anything but that this year.

U.S. Stocks Advance as Dollar Pares Gains, Treasuries Rise
March 9 (Bloomberg) -- U.S. stocks rose, halting a global slide, and the dollar pared gains amid growing optimism an improving American economy will justify a yearlong rally in equities. Oil fell, pacing a retreat in commodities. The Standard &Poor’s

Comerica Raises $800 Million in Stock Sale to Repay TARP Funds
March 9 (Bloomberg) -- Comerica Inc. raised $800 million from equity investors to repay federal bailout funds, becoming the latest U.S. bank to sell stock this year to exit the Troubled Asset Relief Program. The lender offered 22.9 million shares at $35

Short View: Price of Nasdaq's crash
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Wall St up on one-year anniversary of bottom
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Equities rally on hold as caution sets in
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Wall St gains with transports, telecoms
NEW YORK (Reuters) - U.S. stocks rose on Tuesday, the anniversary of the market lows reached in the recession, as gains in transportation and telecommunications shares signaled the recovery remained intact. Airline and other stocks rose after UAL Corp's

Hedge Funds: Managers see contagion from Greek crisis: survey
By Alistair Barr, MarketWatch SAN FRANCISCO (MarketWatch) -- Many hedge funds expect Greece's debt crisis to spread to other countries, and some managers in the $1.5 trillion industry think the country's problems will lead to the breakup of the euro,

BA Cabin Crew Union Rates Strike an Even Bet
(Adds comment from Unite in eighth paragraph, Aer Lingus decision over job cuts starting in 11th.) March 9 (Bloomberg) -- British Airways Plcs chances of avoiding a cabin-crew strike after the end of talks today are no better than even, a union said,

Erin Callan: the Greta Garbo of Wall Street
Whatever happened to Erin Callan? The former chief financial officer of Lehman Brothers, known for her overachieving star quality and limited financial experience, was pushed out in June 2008, a few months before the firm imploded. Ms. Callan resurfaced

Hedge Funds: Managers see contagion from Greek crisis: survey
SAN FRANCISCO (MarketWatch) -- Many hedge funds expect Greece's debt crisis to spread to other countries, and some managers in the $1.5 trillion industry think the country's problems will lead to the breakup of the euro, according to a survey released

FTSE 100 ends day in negative territory
Shares in British waste disposal company Shanks Group plunged as much as 20% yesterday after its chief executive said that it has walked away from talks of a buyout by private equity investor Carlyle. Shanks Group ended the talks with Carlyle after if

SEC Economist to Step Down Amid Conflict Over Short-Sale Rules
March 9 (Bloomberg) -- The U.S. Securities and Exchange Commissions top economist is leaving the agency after Chairman Mary Schapiro merged his office with another and passed short- selling rules that hedge funds said ignored financial analysis. James

Wall Street Confidential: March 9
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Stocks rise a year after market hit bottom
NEW YORK - A year after major stock indexes tumbled to 12-year lows, investors are still asking what will lift the market higher. A year ago, the questions were more urgent as the Dow Jones industrial average skidded to 6,547. Back then, investors just

Lacking Economic Cues, Markets Subdued
The mood on Wall Street was cautious on Tuesday the one-year anniversary of the stock market’s plunge to 12-year lows as investors remained reluctant to make significant moves without a clear sense of the recovery’s strength. The introspective tone