SEC – News Stories About SEC - Page 13

May 14, 2008 2:00 PM CDT

Three Former SEC Heads to Endorse Obama

Honchos are Reagan, Clinton, and Bush appointees

(Newser) - Three former heads of the Securities and Exchange Commission, including President Bush appointee William Donaldson, will endorse Barack Obama today, joining with former Fed chair Paul Volcker to say the candidate will take a “reasoned approach” to “balanced regulatory reform.” Donaldson said he was especially impressed by...

IMAX Stars in
Hollywood Comeback

May 7, 2008 9:43 AM CDT

IMAX Stars in Hollywood Comeback

With transition to digital helping trim cost, high-end movie business looking up

(Newser) - IMAX, the format synonymous with a high-end, big-screen movie experience, is poised for a Hollywood comeback as spectacular as anything in theaters, USA Today reports. With new digital projectors trimming costs dramatically, IMAX will increase North American venues 80% by the end of 2009—and movie studios are getting on...

Feds Detain Top UBS Banker in Tax-Fraud Probe

May 7, 2008 6:25 AM CDT

Feds Detain Top UBS Banker in Tax-Fraud Probe

Swiss giant's fortunes go from bad to worse

(Newser) - Already reeling from record losses and preparing to cut 5,500 jobs, UBS has acknowledged the Department of Justice is investigating the mega-bank for helping its wealthiest clients evade taxes. The feds "briefly detained" one of the Swiss firm's most senior private bankers as a "material witness,"...

BCS Rejects Plan to Turn System Into 4-Team Playoff

May 1, 2008 12:32 AM CDT

BCS Rejects Plan to Turn System Into 4-Team Playoff

Format to remain until at least 2014 season

(Newser) - Even a three-game playoff was too much for the BCS. Bowl Championship Series officials rejected a plan Wednesday to turn the much-criticized system for deciding a national champ into a playoff involving four teams, starting in the 2010 season. The BCS format will remain the same until at least the...

Bear Stearns Could Face
Civil Charges

Apr 15, 2008 4:55 AM CDT

Bear Stearns Could Face Civil Charges

Regulators probing troubled bank's bond, mortgage practices

(Newser) - Bear Stearns has been warned it could face civil charges stemming from an SEC probe into its anti-competitive bidding for municipal bonds, the Wall Street Journal reports. The firm is also being investigated by the FTC for alleged violations of consumer protection laws involving its mortgage-servicing unit. Bear Stearns officials...

Condo-Hotel Bubble Pops, Splatters Many

Apr 5, 2008 12:12 PM CDT

Condo-Hotel Bubble Pops, Splatters Many

As more rooms go empty, buyers target developers

(Newser) - Condo-hotel rooms were a hot buy at the height of the housing boom, but marketing them as investments that would pay out every time they were occupied could come back to haunt developers, the Wall Street Journal reports. As business sours, buyers who find themselves making mortgage payments on empty...

LSU Makes It Five Straight Final Fours

March Madness

Apr 1, 2008 12:16 AM CDT

LSU Makes It Five Straight Final Fours

Lady Tigers defeat top-seeded UNC in regional final

(Newser) - The LSU Lady Tigers reached their fifth consecutive Final Four by ousting top-seeded North Carolina 56-50 in the women’s NCAA tournament. Sylvia Fowles led LSU with 21 points, 12 rebounds and five blocked and was also named most outstanding player of the New Orleans regional. The loss snaps the...

Paulson Unveils Regulatory Reforms: No Quick Fix

Mar 31, 2008 9:53 AM CDT

Paulson Unveils Regulatory Reforms: No Quick Fix

Focus of plan including new oversight for Fed extends beyond current woes

(Newser) - The "transformative" changes Henry Paulson has in mind for the regulation of the US economy will take years to implement, the Treasury Secretary said today. The plan would greatly increase the Fed's oversight powers, regulate the insurance industry for the first time, and add federal oversight of the mortgage...

LSU Smothers OSU to Reach Regional Final

March Madness

Mar 29, 2008 6:06 PM CDT

LSU Smothers OSU to Reach Regional Final

Lady Tigers hold Cowgirls to 15% shooting in first half

(Newser) - LSU had a fairly easy tuneup for North Carolina in the regional semifinals, as the Lady Tigers cruised by Oklahoma State 67-52 today, reports the Associated Press. Erica White led Louisiana State with 18 points, and three other teammates scored in double figures. LSU held the Cowgirls to 15% shooting...

Treasury Wants
Mega-Fed to
Monitor Markets

Mar 28, 2008 10:14 PM CDT

Treasury Wants Mega-Fed to Monitor Markets

Plan would merge agencies, allow Fed to swoop in on threats

(Newser) - The Treasury wants a newly empowered Federal Reserve to monitor market stability and swoop in on institutions that threaten it, the New York Times reports. If approved by lawmakers, the Treasury plan would merge a jumble of regulatory agencies and combine the SEC with the Commodity Futures Trading Commission. But...

Louisville Derails
Tennessee
Train

March madness

Mar 28, 2008 1:16 AM CDT

Louisville Derails Tennessee Train

Cardinals on brink of sending Pitino to a sixth Final Four

(Newser) - Rick Pitino improved to 8-0 in regional semifinals and has Louisville one win away from the Final Four after a 79-60 win over Tennessee last night, reports the Associated Press. Pitino mixed up his defenses throughout the game to shut down the high-powered offense of the No. 2-seeded Volunteers. The...

2 Probes Launched Into
Bear Stearns Deal

Mar 27, 2008 4:40 AM CDT

2 Probes Launched Into Bear Stearns Deal

Two Senate panels to investigate takeover

(Newser) - The controversial acquisition of Bear Stearns by rival JP Morgan Chase, aided by billions of dollars of government credit, is about to become one of the most scrutinized deals in Wall Street history. Two separate Senate investigations will soon be under way, one by the Banking Committee and another by...

'Regulation' No Longer a Dirty Word in DC

Mar 24, 2008 11:38 AM CDT

'Regulation' No Longer a Dirty Word in DC

Wall St. woes, toy and food scares have pols of all stripes on board

(Newser) - "Regulation" is becoming less of a dirty word in Washington in the wake of the mortgage meltdown, woes on Wall Street, and scares over tainted food and toys. Many Democrats and even some Republicans want a shift from voluntary industry standards in vogue since the Reagan administration. "We're...

Weems, Arkansas Power Past IU

March Madness

Mar 22, 2008 12:30 AM CDT

Weems, Arkansas Power Past IU

Indiana's Gordon shot goes cold in defeat

(Newser) - No.8 seed Indiana's trying season came to an end last night, with an 86-72 defeat at the hands of No.9 Arkansas in their East Regional first round matchup. Though IU almost capped off a stirring last minute comeback, the Razorbacks, lifted by Sonny Weem's career best 31 points,...

Free Throws Help Marquette Beat Kentucky

March Madness

Mar 20, 2008 7:51 PM CDT

Free Throws Help Marquette Beat Kentucky

Golden Eagles win first tournament game since 2003 Final Four run

(Newser) - Jerel McNeal did most of the work and Wesley Matthews sealed the deal as Marquette defeated Kentucky 74-66 today in the first round the NCAA Tournament, reports the AP. McNeal had 20 points and Matthews hit eight free throws in the final 31 seconds to put the Wildcats away.

Xavier Battles Back to Beat Georgia

march madness

Mar 20, 2008 3:39 PM CDT

Xavier Battles Back to Beat Georgia

Musketeers erase 11-point, second-half deficit to avoid upset

(Newser) - Third-seeded Xavier avoided the first major upset of the NCAA Tournament today when it came from behind to beat 14th-seeded Georgia 73-61, reports the Cincinnati Enquirer. The Musketeers (28-6) trailed by 11 points in the second half, but freshman Dante Jackson hit a 3-pointer with 7:23 left to put...

Hedge Funds Cash In
on Collapse of Bear

Mar 20, 2008 9:25 AM CDT

Hedge Funds Cash In on Collapse of Bear

Wagering the securities firm stock would fall paid off millions

(Newser) - The epic collapse of Bear Stearns didn't mean bad news for everyone on Wall Street—several big hedge funds made a mint off it, the Wall Street Journal reports. The funds essentially placed bets that Bear would stumble, then raked in millions when the security firm's shares took a nosedive....

Rush Leads Kansas Into
Big 12 Final

Mar 16, 2008 12:14 AM CDT

Rush Leads Kansas Into Big 12 Final

Arkansas shocks No. 4 Tennessee, Georgia wins twice in one day

(Newser) - No. 5 Kansas knew it would need a big Rush to beat Texas A&M today, and luckily for the Jayhawks, they had it. Brandon Rush scored a career-high 28 points to lead Kansas to a 77-71 win in the Big 12 semifinals, reports the Kansas City Star. The Jayhawks...

Clemson Shocks No. 7 Duke in ACC Semis

Mar 15, 2008 8:45 PM CDT

Clemson Shocks No. 7 Duke in ACC Semis

Illinois continues surprise run, Georgia beats Kentucky in OT

(Newser) - Clemson had lost 22 straight to No. 7 Duke and hadn't reached a conference tournament final in 46 years, but none of that matters now, as the Tigers beat the Blue Devils 78-74 in the ACC semifinals today, reports the Associated Press. Clemson, which was led by Trevor Booker's 18...

UCLA Destroys Cal to Advance in Pac-10

Mar 14, 2008 12:42 AM CDT

UCLA Destroys Cal to Advance in Pac-10

Xavier finishes off Dayton; Ogilvy leads Vandy over Auburn

(Newser) - Foul trouble kept Kevin Love quiet in the first half, but early in the second fans heard him loud and clear. UCLA’s center hit three consecutive shots from beyond the arc to help the Bruins rout the California Golden Bears, 88-66, less than a week after a controversial finish...