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Continue reading …NEW YORK (Reuters) – A Wall Street regulator said industry complaints about market manipulation and trade reporting have spiked this year, raising questions about the adequacy of banks’ internal controls over their traders. Gene DeMaio, of Financial Industry Regulatory Authority (FINRA), said on Wednesday that his group is still investigating these complaints
Continue reading …ConAgra Foods Inc., the maker of Slim Jim, Healthy Choice and Chef Boyardee foods, is expected to report a drop in first-quarter net income on Tuesday when it releases its first-quarter results before the stock market opens. WHAT TO WATCH FOR: ConAgra should provide investors updates on food pricing and the company’s acquisition efforts. The company warned investors in June that its first-quarter earnings may fall below last year’s numbers, given what CEO Gary Rodkin calls a “challenging” market
Continue reading …BIRMINGHAM, Ala. (AP) — Alabama’s largest county has approved the framework for a settlement with Wall Street over $3.1 billion in debt, avoiding the possibility of immediately filing the largest municipal bankruptcy in U.S. history.
Continue reading …Major companies tentatively scheduled to report quarterly earnings next week: Monday Lennar Corp. releases quarterly financial results. Tuesday Carnival Corp.
Continue reading …NEW YORK (AP) — Cruise operator Carnival Corp. reports its third-quarter earnings before the market opens on Tuesday, and analysts and investors are looking for details on how Mediterranean itineraries fared and what type of impact fuel prices had. WHAT TO WATCH FOR: The quarter encompasses the busy summer travel period for cruise operators, typically marked by strong ticket prices and healthy demand.
Continue reading …The battle for your streaming music minutes is heating up — Spotify, Rdio, Pandora, and MOG are all desperately trying to win the top spot for your on-demand audio enjoyment. Earlier today, MOG revealed that it plans to offer an ad-supported version of … Continue reading →
Continue reading …NEW YORK (AP) — An analyst raised his price target for Diamond Foods Inc. on Friday, a day after the snack maker reported fourth-quarter results that beat Wall Street’s expectations and increased its full-year guidance. After the markets closed on Thursday, Diamond Foods reported adjusted earnings of 52 cents per share on revenue of $232.8 million.
Continue reading …TORONTO (AP) — Shares of Research In Motion plummeted more than 16 percent after hours after the BlackBerry maker reported its net income and revenue declined in its fiscal second quarter. The company continues to struggle to compete with the iPhone and smartphones running Google’s Android system
Continue reading …NEW YORK (AP) — A federal prosecutor said two longtime friends went on an insider trading binge, making more than $2.6 million in illegal profits on pharmaceutical stocks before they were arrested Thursday in a crackdown aimed at secret sharing on Wall Street that has “become all too commonplace.” Scott Allen, 45, of Atlanta and John Bennett, 48, of Norwalk, Conn., surrendered to face securities fraud charges. Allen had worked at Mercer, a global human resources consulting firm.
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