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Pawlenty resigns from Romney campaign to lobby

Former Minnesota Gov. Tim Pawlenty has resigned as a national co-chairman of Republican Mitt Romney's presidential campaign to lobby for Wall Street. He has also ruled out a run for governor or Senate in Minnesota in 2014....

 

Occupy Wall Street movement: Spent after first year?

Occupy Wall Street

Occupy encampments have closed, but some argue the movement has made a lasting mark... But as the last of its urban encampments close and interest wanes in a movement without an organizational hierarchy or an action agenda, it's unclear whether Occupy's first birthday will be its last.

 

Judge temporarily blocks Stock Act

A federal judge Thursday temporarily blocked the government from enforcing a new insider trading law that would require about 28,000 executive branch employees to disclose details of their financial transactions on the Internet.

 

Wall Street Campaign Donations Set To Hit Record During 2012 Election

Wall Street is paying big time to influence this election. The financial industry is on track to break its 2008 campaign spending record of $170 million, according to data from the Center for Responsive Politics cited by CNNMoney. So far, Wall Street has spent $164 million donating to candidates and political groups, and CRP estimates the final tally of Wall Street cash will reach $2.5 billion.

 

Nasdaq's Facebook Plan Under Fire

UBS decried a proposal from Nasdaq to make up losses for firms damaged in the Facebook stock-market debut, joining a growing chorus of Wall Street players that are calling on regulators to reject the exchange operator's plan.

 

Apple sets record for company value at $623B

Apple

Apple is Wall Street's all-time MVP - that's Most Valuable Property. On Monday, Apple's surging stock propelled the company's value to $623 billion, the world's highest, ever. It beat the record for market capitalization set by Microsoft Corp. in the heady days of the Internet boom.

 

Biden tells audience GOP, banks would put them 'back in chains'

Vice President Joe Biden said Tuesday that a Republican-led effort to loosen new regulations on Wall Street would put voters "back in chains."

 

Knight Capital heads into make-or-break weekend

Knight Capital

Knight Capital Group Inc's future remained in flux as it headed into the weekend trying to clinch a rescue deal, but there was skepticism on Wall Street that one of the largest U.S. equities trading firms would find a suitor before Monday.

 

Stocks soar on surprisingly strong July job report

Stocks

Stocks are surging on Wall Street, breaking a four-day losing streak, after the government reported a sharp pickup in hiring by U.S. employers in July. The Dow Jones industrial average shot up 244 points to 13,123 shortly before noon. The broader Standard & Poor's 500 index rose 28 points to 1,393, and the Nasdaq composite added 62 points to 2,972.

Senh: July's job report has a fan: the stock market.

 

Knight Capital trading debacle shows Wall Street frailties

Knight Capital

The high-speed trading arms race being waged on Wall Street has finally claimed its first major casualty. Knight Capital Group, a brokerage that handles nearly 11% of all stock trading in U.S. companies, is in danger of collapsing after a software glitch triggered millions of unintended orders. The New Jersey firm lost $440 million in less than an hour — nearly four times the company's profit last year.

 

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