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Eastman Kodak Co., a vanguard name in photography, finally filed for Chapter 11 bankruptcy Thursday following falling sales and rising speculation about its ability to stay afloat. The long-anticipated announcement came after weeks of early eulogies about the faded glory of the former trailblazer, once an American mainstay with products such Kodachrome photographic film and Instamatic cameras. But printed photos seem well on their way to becoming a hipster curiosity as digital technologies -- which originated at Kodak decades ago -- now dominate on smartphones and, to a shrinking degree, cameras. The company, which was also exposed to heavy foreign...

Notre Dame football legend "Rudy" charged in alleged pump-and-dump stock schemeUpdated: Friday, December 16, 2011, 4:36 PM Daniel Ruettiger, the former walk-on football player at the University of Notre Dame who inspired the 1993 film “Rudy,” agreed to pay $382,000 to resolve U.S. regulatory claims he defrauded investors in his sports-drink company by touting fake taste tests and sales. Ruettiger and 12 others generated more than $11 million in illicit profits by artificially pumping up the stock of Rudy Nutrition, the firm Ruettiger founded, the SEC said in a complaint filed today at U.S. District Court in Las Vegas. The...

(CBS News) Washington, D.C. is a town that runs on inside information - but should our elected officials be able to use that information to pad their own pockets? As Steve Kroft reports, members of Congress and their aides have regular access to powerful political intelligence, and many have made well-timed stock market trades in the very industries they regulate. For now, the practice is perfectly legal, but some say it's time for the law to change.

Stocks head for big losses NEW YORK (CNNMoney) -- U.S. stocks headed for a big drop at Wednesday's open after Italy's key bond rate rose above a critical 7% level -- a sign that Prime Minister Silvio Berlusconi's pledge to step down failed to calm world markets. The Dow Jones industrial average (INDU), S&P 500 (SPX) and Nasdaq (COMP) futures fell more than 2%. Stock futures indicate the possible direction of the markets when they open at 9:30 a.m. ET. Berlusconi's departure could come as late as the first week of December, after a final vote on the budget. And...

FTSE, DAX, CAC to Open Sharply Lower Published: Tuesday, 4 Oct 2011 | 1:35 AM ET By: Antonya Allen Assistant Editor, CNBC.com European stocks were expected to open lower on Tuesday after falling to their lowest close in a week on Monday with banking stocks among the biggest losers following an admission by Greece that it will miss its deficit targets for the year. The FTSE [.FTSE 4910.32 -165.18 (-3.25%) ] is called 100 points lower, while Germany's DAX [.GDAXI 5181.08 -195.62 (-3.64%) ] is expected to open 114 lower and the CAC 40 [CAC40 2839.20 -87.63 (-2.99%) ]in France...

DJI 10,808.87 Down -315.97 -2.84%

I am 26 and recently graduated from school. For the past almost 2 years I have been running a 401k with the tiny percentage of money I can afford to put into it with the full expectation that Social Security won't be around when I'm eligible for it, regardless of the fact I've had to pay into it. I find it really scary how many people I know around my age that aren't saving at all. At first my work only offered a regular 401 so I put in slightly above the % for employer matching. Then they offerred a...

Sept. 6, 2011, 9:37 a.m. EDT U.S. stocks open sharply lower; Rule 48 invoked By Kate Gibson NEW YORK (MarketWatch) - U.S. stocks fell sharply Tuesday as worries about European debt and the U.S. economy intensified. The Dow Jones Industrial Average DJIA -2.31% fell 275.26 points to 10,965.00. The Standard & Poor's 500 Index SPX -2.51% shed 29.60 points to 1,144.37. The Nasdaq Composite Index COMP -2.18% declined 56.61 points to 2,423.72. /snip Markets invoked Rule 48 for the open, lifting a requirement calling for price indications that help determine the floor price at the start to smooth trade.

Tuesday's Market Preview Is Not Pretty: El-Erian Published: Monday, 5 Sep 2011 | 1:51 PM ET By: Mohamed El-Erian, CEO and Co-CIO, Pimco To state the obvious, it is shaping up to be a difficult return for U.S. markets after the Labor Day break as European stock plunge and the European Central Bank (ECB) loses some of the control it has been exercising on the Euro-zone's sovereign bond market. The best way to understand what is going on is through the following simplified sequence: banks-sovereigns-policies. Specifically: · Banks stocks led the debacle on European bourses Monday, with drops of some...

Asian markets slammed in global selloff By Yoshikazu Tsuno | AFP – 1 hour 17 minutes ago. Asian stock markets early Friday caught a global selling fever after new warnings of world recession coupled with fears that rapid-fire growth in China is set to slow down. Investors in Tokyo, Seoul and Sydney picked up on the mounting anxiety evident in the United States and Europe, where fresh carnage ripped across the markets on Thursday. "The bears returned aggressively overnight as very disappointing US economic data and fears over the stability of European banks had traders reaching for the sell button,"...

Stop the presses. Barely did we have time to report that European regulators failed to impose a coordinated short selling ban, that Bloomberg reports that the countries most impact by the market plunge are about to impose standalone short-selling bans. These are Belgium, Italy, Spain and France. In other words, it really is on and the 2008 Lehman PTSD flashbacks may now resume. Until we get a headline that says it isn't. The rescue of the Borsa Italian is now more schizophrenic than that of Greece. As a reminder, in the previous post the FT quoted Abraham Lioui, a professor...

Stocks finished near session lows in choppy trading Wednesday, with the Dow and S&P wiping out all of the previous session's gains led by financials, as investors continued to cautiously monitor developments in the European banks. The Dow Jones Industrial Average finished down over 500 points, wiping out the previous session's 429-point rally. The blue-chip index has had triple-digit moves in four of the last five trading days. The S&P 500 and Nasdaq also finished sharply lower. The CBOE Volatility Index, widely considered the best gauge of fear in the market, soared more than 25 percent.

South Korea Shares Pounded By Morning Selling; Kospi Falls 9.9% SEOUL (Dow Jones)--South Korean shares were hammered by waves of selling Tuesday morning, driving the main Kospi stock index down as much as 9.9% and prompting the market operator to briefly suspend program trading. Selling dragged down most of the market, with banks and brokerages particularly hard hit. A surge of sell orders from foreign investors was the main driving force behind the selloff. At 0250 GMT the Kospi was down 8.4%. The market is in "panic" and "making any kind of comment would be meaningless...people are throwing stocks away...

Asia shares nosedive as gold scales another peak (Reuters) - Asian stock markets nosedived on Tuesday and the Swiss franc held near a record high, as investors dumped riskier assets in a global rout triggered by fears that political leaders are failing to tackle debt crises in Europe and the United States. Major indexes across the region fell between 2 and 5 percent, following drop of more than 6 percent on Wall Street in the first trading session since the historic downgrade of the United States' AAA credit rating by Standard & Poor's. The panicked flight-to-safety pushed gold to the...

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....