Nasdaq Stock Market Stories
Madoff gets 150 years for vast investment fraud
Disgraced financier Bernard Madoff was sentenced to 150 years in prison Monday for perpetrating Wall Street's biggest and most brazen investment fraud, the maximum punishment allowed for what the judge called extraordinarily evil crimes.Cheers and applause came from the courtroom -- filled with his fleeced investors -- as the judge handed down the penalty, apparently unconvinced that Madoff h...
Vilified symbol of greed Madoff to hear prison term
Bernard Madoff, who became a symbol of greed in the financial crisis for masterminding Wall Street's biggest investment fraud, faces the rest of his life in prison in one of the stiffest punishments for white-collar crime when he is sentenced on Monday.
U.S. judge delays Madoff restitution issues
Decisions over restitution for the thousands of investors defrauded by Bernard Madoff have been deferred for three months, the U.S. judge who will sentence the confessed swindler on June 29 ruled on Wednesday.
Market Summary: U.S. stocks nearly flat, dollar falls as crude, treasuries gain
U.S. stocks were nearly flat on Tuesday while the dollar slipped against its two top rivals, while crude oil futures and Treasuries rose.
Madoff customers swamp sentencing judge with letters
Two weeks before the sentencing of Bernard Madoff for his $65 billion swindle, the judge who will decide his fate has received more than 100 angry letters from defrauded investors suggesting his punishment.
Novel profit beats expectations but shares fall 6 pct
Software service provider Novell Inc (Nasdaq: NOVL) on Thursday evening reported higher-than-expected profit for its fiscal second quarter which ended April 30 despite an 8.5 percent fall in revenues reflecting a huge drop in software licenses and services revenue.
World Energy hopes to conduct U.S. carbon auctions
World Energy Solutions Inc, an operator of online exchanges for energy and environmental commodities, hopes to conduct auctions should a U.S. cap and trade market in greenhouse gases develop, its chief executive said in an interview.
Google shares jump as Q1 profit rises 9 PCT
Google Inc. on Thursday reported first quarter net income of $1.42 billion, or $4.49 a share, up from $1.3 billion or $4.12 a share in the same period last year.
SEC debates restricting short sellers
U.S. securities regulators were considering proposed curbs on short selling at a meeting on Wednesday, weighing steps that could restrict a type of investing blamed by some lawmakers and executives for worsening the financial crisis and driving down share prices.
SEC weighs restricting short sellers
U.S. securities regulators were considering proposed curbs on short selling at a meeting on Wednesday, weighing steps that could restrict a type of investing blamed by some lawmakers and executives for worsening the financial crisis and driving down share prices.
U.S. SEC to consider about 4 short sale proposals
U.S. securities regulators will consider about 4 proposals to restrict short selling, a type of investing blamed for accelerating the severe downturn in financial services stocks.
U.S. exchanges call on SEC for modified uptick rule
The top three U.S. exchanges want regulators to adopt a modified uptick rule and a circuit breaker to curb abusive short selling, a trading strategy that profits from declining stocks.
Madoff pleads guilty, is jailed for $65 billion fraud
Bernard Madoff pleaded guilty on Thursday to orchestrating the biggest investment fraud in Wall Street history and was jailed to await a sentence that could keep him in prison for the rest of his life.
Madoff pleads guilty to fraud
Bernard Madoff pleaded guilty on Thursday to charges he orchestrated the biggest financial swindle in Wall Street history and was ordered to jail to await a sentence that could last the rest of his life.
Madoff pleads guilty to blockbuster fraud
Bernard Madoff pleaded guilty on Thursday to charges he orchestrated the biggest financial swindle in Wall Street history, cheating investors out of billions of dollars in a fraud that has drawn public scorn and demands for stricter regulations.
Stage set for Madoff plea, fraud victims in NY court
Bernard Madoff, accused of running the biggest fraud in Wall Street history, is expected to plead guilty on Thursday in what is shaping up to be a courtroom drama featuring denunciations by investors and a renewed push by prosecutors to jail him immediately.
Madoff arrives for plea on massive fraud
Bernard Madoff, accused of running the biggest fraud in Wall Street history, is expected to plead guilty on Thursday in what is shaping up to be a courtroom drama featuring denunciations by investors and a renewed push by prosecutors to jail him immediately.
Stage set for Madoff plea in New York court drama
Bernard Madoff, accused of running the biggest fraud in Wall Street history, is expected to plead guilty on Thursday in what is shaping up to be a courtroom drama featuring denunciations by investors and a renewed push by prosecutors to jail him immediately.
Madoff faces life in prison on 11 criminal charges
Bernard Madoff, accused of an unprecedented $50 billion financial swindle, was charged on Tuesday with 11 criminal counts that could put him in prison for the rest of his life.
With plea in works, Madoff heads to court
Bernard Madoff, expected to plead guilty this week to charges of running Wall Street's biggest fraud, will appear in court on Tuesday for a judge to assess a potential conflict of interest for his lead attorney.
Former Merrill execs invested in Madoff funds: report
Top former Merrill Lynch executives, including two former CEOs, invested in hedge funds that lost money with alleged fraudster Bernard Madoff, becoming the highest-level Wall Street victims of the scandal to date, the Wall Street Journal reported on Thursday.
Former Merril execs invested in Madoff funds: report
Top former Merrill Lynch executives, including two former CEOs, invested in hedge funds that lost money with alleged fraudster Bernard Madoff, becoming the highest-level Wall Street victims of the scandal to date, the Wall Street Journal reported on Thursday.
AT&T Reveals iPhone Service Prices, Analysts Bullish; Apple Rallies
AT&T unveiled subscription prices for Apple's second generation phone on Tuesday, while analysts became bullish on the iPhone's future prospects, sending the computer maker nearly five percent higher in active trading.
Novell up 4 pct on profit that tops estimates
Novell Inc rose more than 4 percent on Friday after it reported a better than expected profit and rising sales for its second quarter.
DirecTV Wins Patent Case with Finisar, Saves more than $117.3 million
DirecTV Group Inc. won a trial following a $78.9 million patent verdict in favor of Finisar Corp. over the information transmission technology.The U.S. Court of Appeals for the Federal Circuit said...
Stocks Waver on Cisco Outlook, Home Sales Dip
Stocks were slightly lower Thursday in mid-day trading after a volatile morning as investors worried over a lower outlook at networking equipment maker Cisco systems and a new report showed a further drop in home sales.
U.S. Stocks Gain on Microsoft's Yahoo Bid, Tech Stocks Lead
U.S. stocks markets closed out the week on an up note on Friday, ending Wall Street's best performing week in nearly five years, after Microsoft Corp's $44.6 billion bid for Yahoo Inc pushing technology stocks ahead of other sectors.
Microsoft Challenges Google with $45 Bln Yahoo Bid
Microsoft Corp. made a move on Friday to bolster its Web operations against Internet search leader Google by making an unsolicited offer for Internet portal and search engine Yahoo, Inc. worth $31 per share, or $44.6 billion.
Nasdaq may link with Borse Dubai in OMX bid: paper
Nasdaq may sell its stake in the London Stock Exchange to Borse Dubai and make a joint bid with the Gulf exchange for Nordic exchange owner OMX, The Daily Telegraph said on Monday.
Citi, Lehman, others start trading platform
Five banks, including Citigroup, Lehman Brothers Holdings Inc., and Merrill Lynch & Co. Inc., said on Tuesday they were setting up a trading platform for privately offered stocks, seeking to tap the growing market for non-public shares.