UNITED STATES

IBTimes Logo

Trial lawyer defends Bear manager; U.S. cites lies

A lawyer for former Bear Stearns hedge fund manager Ralph Cioffi on Wednesday vigorously defended him against prosecution allegations he repeatedly lied to investors early in the financial crisis, describing as ridiculous one charge of insider trading.

U.S. SEC to consider rules for dark pools Wednesday

IBTimes Logo
U.S. securities regulators will consider next Wednesday proposals to shed more light on dark pools, or venues where stock trades are hidden from public view, a notice on the Securities and Exchange Commission's website said.
IBTimes Logo

Calpers launches probe of placement agent fees

Calpers, the biggest U.S. public pension fund, said on Wednesday it is probing fees paid by outside money managers to win its business, expanding a review of pay-to-play schemes at public retirement systems that has spread across the nation.
More news
IBTimes Logo

Jackson mom says no reality show for Michael's kids

Michael Jackson's mother, Katherine, on Wednesday denied a magazine report that his three children will appear in a TV reality series, saying the pop star would not have wanted them to be in the public eye.
IBTimes Logo

Fantastic Mr.Fox gets premiere in London

Wes Anderson's animation movie Fantastic Mr. Fox, starring George Clooney as the voice of the eponymous hero, got its world premiere on Wednesday on the opening night of the London film festival.
IBTimes Logo

Howie Dorough says Backstreet Boys have matured

The Backstreet Boys began as a group of wide-eyed teenagers but 16 years later, after battles with drug addiction and the loss of loved ones, believe their seventh album shows they have matured.
IBTimes Logo

Ex-Bear fund managers lied to investors: prosecutor

Two former Bear Stearns Cos managers whose hedge funds collapsed early in the financial crisis lied to investors to save their bonuses and reputation, a U.S. prosecutor said in an opening statement at their trial Wednesday on fraud charges.
IBTimes Logo

Bair warns of slow bank, economic recovery

The number of so-called problem banks and bank failures will remain high for the next several quarters, and the economic recovery may not be as robust as in past cycles, a top U.S. bank regulator said on Wednesday.
IBTimes Logo

Fed policy-makers discussed increasing asset buys

U.S. Federal Reserve policy-makers last month discussed the importance of retaining the flexibility to increase or scale back their asset purchases if the economic outlook changed, the Fed said on Wednesday.
IBTimes Logo

Retail sales hint consumer demand improving

U.S. retail sales excluding those for autos rose for a second month in September, raising cautious optimism consumer spending could support the economy's fledgling recovery from the worst recession since the 1930s.
IBTimes Logo

Ex-Bear fund managers lied to investors: U.S.

Two former Bear Stearns Cos managers whose hedge funds collapsed early in the financial crisis lied to investors to save their bonuses and reputations, a U.S. prosecutor said on Wednesday.
IBTimes Logo

Calpers probes fees paid in pay-to-play deal

Calpers said it was probing the fees outside money managers had been paying to win business with the largest U.S. pension fund, adding a new dimension to a wider review of so-called pay-to-play schemes.
IBTimes Logo

Skype founders seek to block Index, Volpi from deal

Skype's founders have asked a U.S. federal court to prevent Index Ventures and one of its partners from further participating in the proposed $1.9 billion acquisition of the Web phone service, according to a court filing on Wednesday.
IBTimes Logo

Retail sales hint at improving consumer demand

U.S. retail sales excluding auto purchases rose for a second month in September, raising cautious optimism consumer spending could support the economy's fledgling recovery from the worst recession since the 1930s.

Pages

IBT Spotlight

We Help Businesses Find B2B Service Providers They Can Trust.