Keyword: stockexchange

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  • Multiple people dead after attack on Pakistan Stock Exchange in Karachi

    06/29/2020 2:04:42 PM PDT · by BenLurkin · 16 replies
    CNN ^ | June 29, 2020 | Sophia Saifi,
    At least five people have died after shots were fired at the Pakistan Stock Exchange in Karachi, according to rescue officials on Monday. Rescue and paramilitary security personnel are at the scene in an ongoing operation, Azeem said. Video shows security and barricades outside the stock exchange in Karachi, according to CNN affiliate Geo News. Abid Ali, director of the Pakistan Stock Exchange, said in a media briefing on Geo News that four attackers entered the compound and started firing but were killed by security forces. The Balochistan Liberation Army (BLA) group has claimed responsibility for the attack, according to...
  • Senate moves to delist Chinese companies from US stock exchanges; The bill's fate is uncertain in the House

    05/28/2020 7:31:54 AM PDT · by SeekAndFind · 7 replies
    Yahoo Finance ^ | 05/28/2020 | Ben Werschkul
    The Senate passed a bill by unanimous consent on Wednesday to take on Chinese companies listed on U.S. exchanges. The legislation would require the companies to submit to a range of stringent provisions to avoid being booted. First, they must disclose whether they are owned or controlled by a foreign government. Second, and perhaps most intrusively, they would have to comply with audits from the Public Company Accounting Oversight Board (PCAOB) for three years in a row. “We just want Chinese companies to play by the same rules as everybody else,” said Sen. Chris Van Hollen (D-MD) during an appearance...
  • NYSE Could Close Trading Floor in CoronaVirus Contingency

    02/29/2020 5:17:07 PM PST · by Bon mots · 47 replies
    Fox 5 NY ^ | February 29, 2020 | FOX 5 NY Staff
    NEW YORK - The New York Stock Exchange is preparing for the possible escalation of the novel coronavirus crisis that might include closing the trading floor in Lower Manhattan, according to Fox Business. Should the outbreak of COVID-19 escalate into a global pandemic, as is expected, then markets and firms are concerned that traders and other employees might not be able to get to work. "New York Stock Exchange is beginning to prepare for the possibility that the floor might not be able to open. It's a mixture of both humans and an automated trading system, computerized trading system," Charles...
  • Texas man arrested for defacing famous ‘Charging Bull’ statue

    09/07/2019 2:55:50 PM PDT · by Tolerance Sucks Rocks · 38 replies
    The New York Post ^ | September 7, 2019 | Kenneth Garger
    A man was arrested for defacing the iconic “Charging Bull” statue in Manhattan’s Financial District early Saturday, police said. Witnesses spotted Tevon Varlack, 42, of Texas, repeatedly whacking the bull’s right horn with a large unknown metal object while yelling at about 12:30 a.m., authorities said. It’s unclear what Varlack was muttering during his rampage on the popular bronze sculpture, but his attack left visible gashes on the bull’s right horn.
  • Dow closes above 23,000 for first time; IBM soars

    10/18/2017 2:50:43 PM PDT · by Olog-hai · 15 replies
    Reuters ^ | October 18, 2017 7:35 AM | Caroline Valetkevitch
    The Dow Jones Industrial Average closed above 23,000 for the first time on Wednesday, driven by a jump in IBM after it hinted at a return to revenue growth. The Dow hit 22,000 on Aug. 2, only 54 trading days earlier and roughly half the time it took the index to move from 21,000 to 22,000. This marks the fourth time this year the Dow has reached a 1,000-point milestone. […] Shares of IBM (IBM.N), which beat expectations on revenue, jumped 8.9 percent and accounted for about 90 points of the day’s 160 point-gain in the blue-chip index. Solid earnings,...
  • Walgreen's $140 Million Lawsuit Shows Theranos Is Way Worse Than We Thought

    11/23/2016 11:10:50 PM PST · by CorporateStepsister · 15 replies
    Thrill List ^ | 11/23/2016, 2:58 PM | By Christina Stiehl
    <p>Theranos, the biotech company started by a 19-year-old Stanford dropout, has another hurdle to cross in its whole "we're totally a legit blood-testing company" campaign. This time, it turns out that tens of thousands of blood tests were voided, making them totally invalid. Whoops!</p>
  • Theranos's Insane Campaign To Punish Whistleblower, Who Happened To Be Famous Boardmember's Grandson

    11/21/2016 7:48:00 PM PST · by CorporateStepsister · 40 replies
    TechDirt ^ | Mon, Nov 21st 2016 5:13pm | by Mike Masnick
    We haven't really written much about the insane Theranos scandal, though we discussed it on our podcast. The whole story is pretty crazy -- involving a heavily hyped up company that appeared to basically be flat out lying to everyone about what it could do. The company still exists, but barely. The company's founder and CEO, who was plastered across magazine covers and compared frequently to Steve Jobs, has been banned from running a lab for two years, and the company is now facing a $140 million lawsuit from its biggest partner, Walgreens, who claims that Theranos repeatedly lied to...
  • Theranos and David Boies Cut Legal Ties

    11/19/2016 12:07:29 AM PST · by CorporateStepsister · 13 replies
    The Wall Street Journal ^ | Nov. 18, 2016 7:12 p.m. ET | By John Carreyrou
    Litigator David Boies and the law firm he founded, Boies, Schiller & Flexner LLP, have stopped doing legal work for Theranos Inc. after disagreeing about the strategy for handling ongoing government investigations of the blood-testing company, according to people familiar with the matter. Mr. Boies, 75 years old, has been one of the country’s best-known litigators since the late 1990s. He became Theranos’s outside counsel after being approached in 2011 by two investors in the Palo Alto, Calif., startup. He fiercely defended Theranos against questions about its technology and operations. Those efforts included threatening to take legal action against The...
  • Theranos and David Boies Cut Legal Ties

    11/18/2016 11:53:04 PM PST · by CorporateStepsister · 7 replies
    Wall Street Journal ^ | Nov. 18, 2016 7:12 p.m. ET | By John Carreyrou
    Litigator David Boies and the law firm he founded, Boies, Schiller & Flexner LLP, have stopped doing legal work for Theranos Inc. after disagreeing about the strategy for handling ongoing government investigations of the blood-testing company, according to people familiar with the matter. Mr. Boies, 75 years old, has been one of the country’s best-known litigators since the late 1990s. He became Theranos’s outside counsel after being approached in 2011 by two investors in the Palo Alto, Calif., startup. He fiercely defended Theranos against questions about its technology and operations. Those efforts included threatening to take legal action against The...
  • Why is Elizabeth Holmes still leading Theranos?

    11/18/2016 11:38:20 PM PST · by CorporateStepsister · 25 replies
    San Francisco Business Times ^ | Nov 18, 2016, 1:40pm PST | Ron Leuty Reporter San Francisco Business Times
    It's worth asking why Elizabeth Holmes is still leading the embattled blood testing company Theranos Inc. But there may be a good reason why she still is in charge, one that has little to do with the scandal-ridden company's performance to date. Forget what venture capitalist Tim Draper — one of the first to invest in the Palo Alto company — implied this week that Holmes is being attacked because she's a young, female entrepreneur. The simple fact is that Theranos has not been able to deliver on its technology from a commercial, scientific or regulatory standpoint, and that falls...
  • Theranos Whistleblower Tells All On Intimidation And Coercion Tactics Employed To Silence Him

    11/18/2016 12:05:55 AM PST · by CorporateStepsister · 26 replies
    Zero Hedge ^ | Nov 17, 2016 7:20 PM | by Tyler Durden
    2016 has not been too kind to Elizabeth Holmes, the Steve-Jobs wannabe in charge of fraudulent Theranos. She has thus far been banned for 2 years from operating labs, removed from hosting fundraisers for Hillary and lost her entire net worth. And now, the Wall Street Journal has published the "tell-all" story of the whistle-blower, 26 year old Tyler Shultz, who brought the the whole Theranos farce crashing down. It's a sordid tale complete with all the expected twists and turns of a Jason Bourne thriller including intimidation, coercion and private detectives. Tyler Shultz is the grandson of George Shultz,...
  • Theranos' Acting GC Faces Challenges, Opportunity

    10/31/2016 8:33:19 PM PDT · by CorporateStepsister · 6 replies
    the Recorder ^ | October 17, 2016 | David Ruiz, The Recorder
    SAN FRANCISCO — Embattled biotech startup Theranos Inc. has promoted senior litigation counsel David Taylor to acting general counsel. Taylor's already got a full plate. "He's got a mess on his hands," said Hagens Berman Sobol Shapiro partner Robert Carey in Phoenix, one of many lawyers suing the blood diagnostics company for alleged consumer fraud. Carey's suit is one of six similar, separate suits consolidated in the Northern District of California. Aside from that litigation surplus, Theranos is being investigated for investor and consumer fraud by the U.S. Securities and Exchange Commission and the U.S. Department of Justice, respectively. The...
  • Swiss stock exchange turns to Germany for EU access

    09/14/2016 11:43:49 AM PDT · by Berlin_Freeper · 4 replies
    ft.com ^ | September 12, 2016 | Laura Noonan
    Switzerland’s stock exchange has turned to Germany for a new bridge into the EU after concluding that its relationship with London would not suffice after Brexit.
  • World’s Biggest Pension Fund Loses $51 Billion in Stock Rout

    07/30/2016 6:26:17 AM PDT · by CorporateStepsister · 13 replies
    Bloomberg ^ | July 30 2016 | Yuko Takeo and Shigeki Nozawa
    Japan’s $1.3 trillion Government Pension Investment Fund lost 3.8 percent in the year ended March 31, or 5.3 trillion yen ($51 billion), the retirement manager said Friday in Tokyo. That’s the biggest drop since the fiscal year ended March 31, 2009. GPIF lost 10.8 percent on domestic equities and 9.6 percent on shares in other markets, while Japanese bonds handed the fund a 4.1 percent gain.
  • Clinton's State Dept. calendar missing scores of entries

    06/24/2016 4:22:04 AM PDT · by Bulwinkle · 65 replies
    AP ^ | 6/24/2016
    The AP review of Clinton's calendar — her after-the-fact, official chronology of the events of her four-year term — identified at least 75 meetings with longtime political donors and loyalists, Clinton Foundation contributors and corporate and other outside interests that were either not recorded or listed with identifying details scrubbed. The AP found the omissions by comparing the 1,500-page document with separate planning schedules supplied to Clinton by aides in advance of each day's events. The names of at least 114 outsiders who met with Clinton were missing from her calendar, the records show...
  • Cyber-Security Expert: North Korea Takes Credit for NYSE Attack – No Coincidences – This Is Major

    07/08/2015 6:24:17 PM PDT · by Nachum · 34 replies
    The Gateway Pundit ^ | 7/8/15 | Jim Hoft
    Cyber-Security expert Greg Keeley said the North Koreans are taking credit for the “glitch” that took down the New York Stock Exchange today. Keeley said there is no way these several glitches are not connected. And that may very well be possible. “For the administration to come out so hard and so fast and say this was not an attack I think is disingenuous… This is a major attack and for us to bury our head in the sand is very troubling.”
  • Greek Banks And Stock Exchange 'To Stay Shut'

    06/28/2015 7:23:13 PM PDT · by Enlightened1 · 33 replies
    Sky News ^ | 06/28/15
    Banks and the stock exchange will remain closed today after Greek citizens queued all weekend to withdraw savings. Banks in Greece and the country's stock exchange will be shut all week in a sign of the deepening financial crisis. The drastic move comes after people rushed to withdraw their cash amid panic ahead of the referendum on bailout terms. Under the controls, there will be a daily €60 limit on withdrawals from cash machines, which will reopen on Tuesday. Speaking in a televised address, Prime Minister Alexis Tsipras urged calm and insisted bank deposits were safe. He blamed European partners...
  • Private Emails Reveal SoS Clinton Aide’s Secret Spy Network (nothing about bridesmaid's dresses)

    03/28/2015 3:56:18 AM PDT · by Liz · 83 replies
    propublica.com ^ | 3/27/15 | JEFF GERTH w/ Sam Biddle of, Gawker
    Updated March 27 to include responses from the FBI and the State Department. Emails disclosed by a hacker show a close family friend was funneling intelligence about the crisis in Libya directly to the Secretary of State’s private account starting before the Benghazi attack. Starting weeks before Islamic militants attacked the U.S. diplomatic outpost in Benghazi, Libya, longtime Clinton family confidante Sidney Blumenthal supplied intelligence to then Secretary of State Hillary Clinton gathered by a secret network that included a former CIA clandestine service officer, according to hacked emails from Blumenthal’s account. The emails, which were posted on the internet...
  • Wall Street and 5th Avenue Planned for Benghazi

    05/18/2015 6:29:24 PM PDT · by Randall_S · 5 replies
    Founders Code ^ | May 18, 2015 | Denise Simon
    Imagine a hotel room at the Plaza Hotel, shopping at Bloomingdales and dining at the Rainbow Room in Benghazi. Yes Benghazi, after all the most feared leader, Muammar Gaddafi is dead and all is calm after the attack on American interests in 2012. So, never let a good crisis go to waste. Libya had and has a deadly history where some elites had high aspirations for a new Libya. Trey Gowdy, the Chairman of the Benghazi Commission likely has some documented trails on Hillary’s future dreams for Libya, but you don’t and should know even more of the story. Libya,...
  • NY Stock Exchange Being Bought For $8.2B By Atlanta-based Intercontinental Exchange

    12/20/2012 7:00:17 AM PST · by SeekAndFind · 14 replies
    NPR ^ | 12/20/2012 | Mark Memmott
    <p>The New York Stock Exchange will be acquired by IntercontinentalExchange of Atlanta in a deal valued at about $8.2 billion, the two rivals confirmed Thursday morning.</p> <p>In matching press releases, they say the sale "combines two leading exchange groups to create a premier global exchange operator diversified across markets including agricultural and energy commodities, credit derivatives, equities and equity derivatives, foreign exchange and interest rates."</p>