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S.E.C. Accuses ICP Asset Management of Fraud

The Securities and Exchange Commission on Monday accused a New York firm that helped manage complex mortgage securities of defrauding investors as the housing market collapsed.

 

BP: cleanup costs for oil spill will be 'severe'

BP PLC Chief Executive Tony Hayward sought Friday to reassure investors about the fallout of the oil spill, saying the company has "considerable firepower" to cope with costs.

 

Dow closes up 225 points after pending home sales top forecasts

The stock market rebounded Wednesday after a stronger-than-expected increase in pending home sales restored investors' optimism about the economy.

 

Picower Estate to Pay $2 Billion to Madoff Investors

The estate of Jeffry Picower, an investor in Madoff's Ponzi scheme who died last fall, is expected soon to pay at least $2 billion to other investors burned by the fraud.

 

Debt Ratings Are Lowered for Portugal and Greece

Debt Ratings Are Lowered for Portugal and Greece

The move by Standard & Poor’s on Tuesday deepened Europe’s debt crisis, and investors sold off government bonds amid fears of a default.

 

Investors Lost, Goldman Won on WaMu Deal

Recently released emails show how Goldman Sachs built its mortgage business by closely working with lenders such as Washington Mutual and Long Beach, two firms that a Senate review said "polluted the financial system" with souring loans.

 

Foreign Investors Targeting Los Angeles Pre Foreclosures

A sharply rising number of foreign investors are looking for Los Angeles pre foreclosures and other bargain-priced properties. A number of them are Chinese parents looking for houses for their children who are entering U.S. universities.

 

Five Steps For Avoiding Financial Fraud

Investors need to keep tabs on brokers and money managers.

 

Investors upbeat about health care bill

There were more winners than losers on Wall Street on the first trading day after the landmark health care bill was passed by ...

 

Lions Gate Criticizes Icahn Offer

Lions Gate urged shareholders to reject a recent tender offer from investor Carl Icahn, calling the bid for the film studio's shares inadequate and coercive.

 

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