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Asia stocks plunge to join in global rout By Sarah Turner, MarketWatch SYDNEY (MarketWatch) — Asian shares nose-dived on Friday, joining in a global rout fueled by heightened debt and economic-growth fears, with energy and financial stocks among the worst performers. In Hong Kong, the Hang Seng Index (HSI:HK:HSI) fell 4.9%, while the Shanghai Composite index (SHA:CN:000001) dropped 1.7%. Japan’s Nikkei Stock Average (TYO:JP:NIK) closed the day down 3.7%, while Australia’s S&P/ASX 200 index (ASX:AU:XJO) ended with a 4% loss. South Korea’s Kospi (KRX:KR:0100) dropped 3.6%. “A complete crisis of confidence has emerged in the market,” said Toby Lawson, head...

NEW YORK (Reuters) - Investors fled stocks on Thursday, putting the S&P 500 into correction territory, as worries about the U.S. economy and European debt escalated. All three indexes were down 2 percent, having fallen more than 3 percent each at one point. Decliners beat advancers on the New York Stock Exchange by 14 to 1. "People are throwing in the towel because they can't find relief on any front. There are a lot of worries about the economy," said Milton Ezrati, market strategist at Lord Abbett Co. in Jersey City, New Jersey, which manages $110 billion in assets. The...

Well, this is predictable... Today members of Congress has to reveal their stock holdings. We were curious what anti-Fed, pro-gold Congressman Ron Paul held, and no surprise, he likes gold. Lots of it. Here are the stocks he owns. _____________________________________________________________________________________________________________________________________ Agnico Eagle Mines Alumina Common Anglo Gold Ashanti Ltd. BrigusGold Corp. Com MPV (formerly Apollo Gold Corp) Barrick Gold Corp. Claude Research Inc Coeur D'Alene Minds Corp. Gold Corp Inc El Dorado Gold Corp. IAM Gold Corp. Kinross Lexam Explorations Inc. Mag Silver Corp. Metalline Mining Co. Mutual Securities Inc. Newmont Mining Corp. Pan American Silver Petrol Oil and Gas...

The USS Stark (FFG 31) burns and lists to port on 18 May 1987, one day after the guided missile frigate was struck by two Iraqi-launched Exocet missiles. The attack killed 37 sailors The New Sovereign Investment Fund of Libya or of Colonel Qaddafi, there is no distinction in the money funds of Libya or Qaddafi, invested $1.3 Billion with Goldman Sachs; the bank used the funds on stock options at a variety of international banks and a collection of currency bets. Two years later, the Libyan fund had lost 98% of its value and was worth only $25.1 million....

April 18, 2011 Mysterious Trades in a Big Block of Tokyo Electric Shares Draw Regulators’ Interest By KEITH BRADSHER TOKYO — Japanese regulators and executives of the Tokyo Electric Power Company are asking questions about a seemingly coordinated series of stock purchases two weeks ago that led to an undisclosed buyer or buyers acquiring a large block of the utility, which owns Japan’s dangerously damaged nuclear power plant. Regulators want to know whether the trades, valued at up to $600 million and placed from Hong Kong during the week of April 3, were structured to circumvent Japanese securities laws, which...

Something is going on...perhaps nuclear situation is much worse than they are leading on.. Dow futures as of a short time ago off 209 points in pre market trading. Rough day tommorrow in the markets....

"Buy everything" sentiment continues on Wall Street Fri, Feb 18 2011 By Angela Moon NEW YORK (Reuters) - Investors will continue to ride the speediest rally in U.S. stocks since the Great Depression despite growing concerns that the market is overbought and due for a correction. Wall Street posted its third consecutive week of gains with the S&P 500 now up 6.8 percent for the year and more than 20 percent in just six months. "I've never seen a market like this," said Paul Mendelsohn, chief investment strategist at Windham Financial Services in Charlotte, Vermont, a market watcher for 35...

NYSE Euronext and Deutsche Börse AG confirmed that they were in advanced merger talks, in a combination that would create one of the world's largest share- and derivatives-trading platforms. Duncan Niederauer, chief executive of NYSE Euronext, would serve as CEO of the combined entity, according to a statement from the companies confirming the discussions. The company would have dual headquarters—in New York and Frankfurt—with an executive committee equally drawn from both organizations. Reto Francioni, Deutsche Börse's CEO, would become chairman and be based in Frankfurt. No deal has yet been reached, according to the companies.

Cashed out approximately $45K of JP Morgan Chase stock due to the blatant cronism between it and Obama. Need info on where to send copy of trade confirmation and explanation of decision to get rid of stock. Thoughts/info in this regard are appreciated. Thanks.

Federal Reserve Board Chairman Ben Bernanke said Thursday that a controversial $600 billion bond buying plan has contributed to a stronger stock market. "Our policies have contributed to a stronger stock market just as they did in March 2009 when we did the first iteration of this program," Bernanke said at a Federal Deposit Insurance Corp. forum on small businesses. "A stronger economy helps small businesses more than larger businesses. Interest rates are higher but that's mostly because the news is better. It has responded to a stronger economy and better expectations." The $600 billion bond buying plan follows a...

General Motors Co.'s recent stock offering was staged to start paying back the government for its $50 billion bailout, but one group made out much better than the taxpayers or other investors: the company's union. Thanks to a generous share of GM stock obtained in the company's 2009 bankruptcy settlement, the United Auto Workers is well on its way to recouping the billions of dollars GM owed it — putting it far ahead of taxpayers who have recouped only about 30 percent of their investment and further still ahead of investors in the old GM who have received nothing. The...

Watch live feed of GM stock price!

DETROIT — General Motors executives have been cleared for takeoff again. The automaker has been given the go-ahead by the federal government to use chartered aircraft as early as Thursday to ferry managers on a “road show” promoting G.M.’s public stock offering, according to government and company officials who declined to be identified. It is believed to be the first time that G.M. will use private jets for business-related purposes since the government demanded that it sell its fleet of corporate aircraft in 2008. As a condition for accepting emergency federal assistance, G.M. has required its executives to travel on...

General Motors received U.S. Labor Department approval for an agreement to fund its union-led retiree health care trust with debt, common and preferred stock and warrants in the new company. GM agreed to contribute the securities to the fund, which will pay retirees' medical benefits, in bankruptcy court in July 2009.

Chris Miller nearly doubled his $3,500 stock investment in a renewable-energy firm in 2008. It was a perfectly legal bet, but he's no ordinary investor. Mr. Miller is the top energy-policy adviser to Nevada Democrat and Senate Majority Leader Harry Reid, who helped pass legislation that wound up benefiting the firm. Jim Manley, a spokesman for Mr. Reid's office, initially defended Mr. Miller's purchase of shares in the company, Energy Conversion Devices Inc. He said the aide had no influence over tax incentives for renewable-energy firms, and that other factors boosted the stock. But on Sunday, Mr. Manley added: "Mr....

... RUSH: Yes. The Federal Reserve is providing money for banks and others to buy stock, yes. CALLER: Okay. First of all, are you sure of that information? RUSH: ... A bunch of others are saying it, as well as the fact that it's not your average, ordinary Joe buying stocks. It's the fed propping it up plus the people who are buying stocks are excited about the possibility that the Democrats are not going to be running Congress soon. CALLER: Okay. Second of all, could you possibly give me the Web address so that I can check this out...

* Expects to complete FDA submission in Q4 * Expects expedited approval process * Shares slightly higher (Adds CFO comments, background, stock price) LOS ANGELES, Sept 28 (Reuters) - Delcath Systems Inc (DCTH.O) expects to finish an application for U.S. review of its cancer drug delivery system in the fourth quarter, which would put it on track for approval by mid-2011, according to the company's chief financial officer. Delcath in June presented pivotal trial results showing that melanoma patients whose cancer had spread to their liver survived for an average of 398 days before dying or having their cancer get...

Billionaire trader and political manipulator,George Soros, is clearly not optimistic. The latest SEC filings are out on the Soros hedge fund, Soros Fund Management. Between the end of March and the end of June, Soros lowered his stock investments from $8.8 billion to $5.1 billion in the fund, Soros Fund Management. He sold most of his positions (over 95%) in Wal-Mart, J.P. Morgan Chase and Pfizer. His biggest positionb at the end of June was in the gold ETF which accounted for 13% of his equity portfolio at $638 million. Among the stocks that Soros added to the funds portfolio...

Billionaire trader and political manipulator,George Soros, is clearly not optimistic. The latest SEC filings are out on the Soros hedge fund, Soros Fund Management. Between the end of March and the end of June, Soros lowered his stock investments from $8.8 billion to $5.1 billion in the fund, Soros Fund Management. He sold most of his positions (over 95%) in Wal-Mart, J.P. Morgan Chase and Pfizer. His biggest position at the end of June was in the gold ETF which accounted for 13% of his equity portfolio at $638 million. Among the stocks that Soros added to the funds portfolio...

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