Investing

Ubiquity of Java Technology Brand Connects Sun to Investors, Consumers and Opportunities

SANTA CLARA, Calif. August 23, 2007 Sun Microsystems (Nasdaq: SUNW) today announced that it will change its Nasdaq stock ticker symbol from SUNW to JAVA, the ubiquitous technology and brand it created in 1995. The stock ticker change will go into effect for the trading community on Monday, August 27, 2007.    » read more »

NEW YORK, Aug. 23, 2007 -- The New York Stock Exchange (NYSE) today released its weekly program-trading data submitted by its member firms. The report includes trading in all markets as reported to the NYSE for Aug. 13-17.

The data indicated that during Aug. 13-17, program trading amounted to 33.2 percent of NYSE average daily volume of 4,498.8 million shares(1), or 1,493.3 million program shares traded per day. This included program trading associated with the August 17 monthly expiration of stock-index options and futures.    » read more »

August 21, 2007, CHARLOTTE, N.C.—Wachovia Corporation's (NYSE:WB) board of directors today approved a 14 percent increase in the company's regular quarterly cash dividend to 64 cents per common share, up from the current 56 cents per share. The new common stock dividend is payable on September 17, 2007, to shareholders of record as of the close of business on August 31, 2007.    » read more »

August 22, 2007, Naperville, Ill. — Krish Prabhu, Tellabs president and chief executive officer, will speak to the investment community at the Citigroup 14th Annual Global Technology Conference in New York City on Wednesday, Sept. 5, at 2:20 p.m. Eastern Daylight Time.

Interested investors can access a live audio webcast of the presentation at www.tellabs.com. An on-demand replay of the webcast will be available starting 24 hours after the presentation and will be archived for 30 days.    » read more »

SAN JOSE, CA – August 20, 2007 – BEA Systems, Inc., a world leader in enterprise infrastructure software, today announced that on August 17, 2007, it received a letter from the Board of Directors of The NASDAQ Stock Market LLC (the “Nasdaq Board”) informing BEA that the Nasdaq Board has called for review the July 9, 2007 decision of the Nasdaq Listing and Hearing Review Council (the “Listing Council”), and determined to stay, pending further review by the Nasdaq Board, the Listing Council’s decision to suspend BEA’s common stock from trading on The Nasdaq Global Select Market.    » read more »

Asks Regulators To Change Focus To Mortgage Market—Only Way To Solve Crisis Of Confidence; Non-Bank Lenders Who Sell Off Mortgages Have Left Distressed Homeowners With No Workout Options; Regulators, Private Industry Must Step into Breach to Defray Crisis

August 22, 2007 -- Washington, DC—Today, Senator Charles E.    » read more »

20 August 2007 -- Asian stock markets opened dramatically higher Monday morning, rebounding from last week's losses.

Japan's Nikkei 225 Stock Average and South Korea's Kospi Index each rose more than three percent early in the trading session, and Taiwan's main stock index was up by four percent after 15 minutes of trading.    » read more »

August 17, 2007 -- To promote the restoration of orderly conditions in financial markets, the Federal Reserve Board approved temporary changes to its primary credit discount window facility.

The Board approved a 50 basis point reduction in the primary credit rate to 5-3/4 percent, to narrow the spread between the primary credit rate and the Federal Open Market Committee's target federal funds rate to 50 basis points.

The Board is also announcing a change to the Reserve Banks' usual practices to allow the provision of term financing for as long as 30 days, renewable by the borrower.    » read more »

NEW YORK, Aug. 16, 2007 -- The New York Stock Exchange today released its weekly program-trading data submitted by its member firms. The report includes trading in all markets as reported to the NYSE for Aug. 6-10.

The data indicated that during Aug. 6-10, program trading amounted to 36.2 percent of NYSE average daily volume of 5,188.2 million shares1, or 1,880.0 million program shares traded per day.

Program trading encompasses a wide range of portfolio-trading strategies involving the purchase or sale of a basket of at least 15 stocks with a total value of $1 million or more.    » read more »

New All-Time Volume and Message Traffic Records

New York, Aug. 16, 2007 – NYSE Euronext (NYSE Euronext: NYX), the world's largest and most liquid exchange group, today reported record transaction volume in its U.S. cash equities trading operations on NYSE Group exchanges with 5.73 billion shares traded, based on preliminary results. Additionally, the NYSE also achieved new records in orders, trades and quotes.

So far this month, trading volume on NYSE Group U.S. cash equities markets in August 2007 is 110% higher than August 2006.    » read more »

Says he is not surprised that federal government has sided with investment banks over individual, institutional investors

August 16, 2007 -- Ohio Attorney General Marc Dann issued the following statement late today when he learned that the U. S. Solicitor General had filed an amicus brief opposing the interests of shareholders in the case Stoneridge Investment Partners, LLC v. Scientific-Atlanta, Inc. et al. that is now pending before the U. S. Supreme Court:    » read more »

Charged with Securities Violations and Investment Fraud

BALTIMORE, MD (August 15, 2007) - Maryland Attorney General Douglas F. Gansler announced today that the Securities Division of his office has issued a Summary Order to Cease and Desist against POS Dream Home, LLC, Metropolitan Grapevine, LLC, CEO Andrew H. Williams, and agent Laveda Whitfield, and their officers and directors, all operating out of Laurel, Maryland.    » read more »

Aug 15 2007, New York -- Morgan Stanley’s Global Wealth Management Group (GWMG) announced today that it has launched a new non-discretionary advisory account, “Morgan Stanley Advisory.” This industry-leading account was created for clients who want to benefit from the advice of a Financial Advisor, but who wish to retain decision making authority over their investment selections.    » read more »

15 August 2007 -- U.S. stock market indexes fell in Wednesday's trading.

The Dow Jones Industrial Average fell more than one percent or 168 points to finish the day at 12,861. The S&P 500 lost all of its gains for the year, falling 1.4 percent for the day or 20 points to close at 1,407. The NASDAQ lost more than 1.5 percent, 40 points, to close at 2,459.    » read more »

NEW YORK, August 13, 2007 -- The Goldman Sachs Group, Inc. (NYSE: GS) today made the following statement: Many funds employing quantitative strategies are currently under pressure as recent conditions have resulted in significant market dislocation. Across most sectors, there has been an increase in overlapping trades, a surge in volatility and an increase in correlations. These factors have combined to challenge many of the trading algorithms used in quantitative strategies.    » read more »