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Jury Convicts Executive in $3B Mortgage Fraud Case
ALEXANDRIA, Va. -- A jury on Tuesday convicted the majority owner of what had been one of the nation's largest mortgage companies on all 14 counts in a $3 billion fraud trial that officials have said is one of the most significant prosecutions to arise from the nation's financial crisis. Prosecutors said Lee Farkas led a...
Japan Shares Surge as Central Bank Pumps Further $43B Into Market
TOKYO -- Japanese shares rebounded sharply Wednesday, recovering some of the massive losses sustained the last two days following a devastating earthquake and tsunami. The Nikkei rose 547.86 points, or 6.4 percent, to 9,153.01. The index closed at its lowest level in almost two years Tuesday after shedding more than 1,600...
SEC: Insider Trading Ring Reached Into Goldman's Boardroom
The Securities and Exchange Commission today accused a former board member of Goldman Sachs and Procter & Gamble of illegally providing tips to his friend and partner, hedge fund manager Raj Rajaratnam, as part of a skein of insider trading schemes that generated more than $18 million in illicit profits. Rajat K. Gupta,...
Ex-Goldman Sachs Director Charged With Insider Trading
WASHINGTON -- Federal regulators have charged a former Goldman Sachs board member with insider trading, saying he provided confidential information to the central figure in a major hedge fund probe. The Securities and Exchange Commission announced the civil charges against Rajat Gupta on Tuesday. The agency said Gupta...
WikiLeaks: Gadhafi Stashed $32 Billion in Cash in Foreign Accounts
Libyan leader Moammar Gadhafi has signed dozens of multibillion-dollar deals over the past decade with foreign firms eager to exploit his country's vast oil and natural gas reserves. So where has all that money gone? Not to ordinary Libyans, around one-third of whom are thought to live in poverty. Instead, Gadhafi and his...
Investment News From AOL
Romney Economics: Cheat Main Street
Mitt Romney made a boatload of money for himself and his fellow fat cats.
Sycamore not ready to pull trigger on Talbots deal
NEW YORK -The women's clothier Talbots Inc. said Friday that a deadline expired without a deal in its exclusive talks about being acquired by a private equity firm and that it will actively pursue other options.
Typical CEO made $9.6M last year, AP study finds
NEW YORK -Profits at big U.S. companies broke records last year, and so did pay for CEOs. The head of a typical public company made $9.6 million in 2011, according to an analysis by The Associated Press using data from Equilar, an executive pay research firm.
World stocks up tepidly as traders brush off woes
LONDON -European stocks recovered Thursday from heavy losses the previous day, while the euro touched a 22-month low after the continent's leaders failed to reach a breakthrough in their crisis resolution efforts.
This Guy Again: He Made $138 On Facebook Shares
When we last spoke to investor Jim Nichols pre-Facebook IPO, he was eagerly waiting to find out how many shares of Facebook he could buy through E*Trade, where he put in an early order for stock.
Investment News From the Web
- 05/28/12 Day4 Energy to be acquired by management, delist from... Source: Prince Albert Daily Herald - Prince Albert - SK - Canada Solar power company Day4 Energy Inc. (TSX:DFE) announced a plan Monday that will see its senior management acquire the company's assets in exchange for $500,000 and assumption of its liabilities.
- 05/28/12 Funds Make Wrong-Way Bets Before Price Slump:... Source: Brudirect.com Speculators raised bullish bets on commodities before signs of Europe's deepening debt crisis and slowing Chinese growth drove prices lower for a fourth consecutive week, the longest slump since September.
- 05/28/12 Choice Gold Elects Not to Advance the Sugarloaf Peak... Source: Russel Metals Inc VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 28, 2012) - Choice Gold Corp. ("Choice Gold" or the "Company") (CNSX:CHF) reports that it is terminating its option agreement with partner Riverside Resources Inc. ("Riverside") wherein Choice Gold could earn an interest in the Sugarloaf Peak Project ("Sugarloaf" or the "Project"); Choice Gold has elected to pursue other business opportunities.
- 05/28/12 Bioniche pounces on meat scare Source: f2 Network Bioniche Life Sciences is hoping to ignite sales of its "pre-harvest" vaccine for killing E.-coli bacteria in beef cattle just days after traces of that organism were found in Australian meat exported to the US.
- 05/28/12 Euro strengthens; European stocks erase gains Source: Los Angeles Times - Los Angeles CA The euro strengthened Monday, rebounding from a four-day losing streak, as polls showed Greece's pro-bailout parties have gained ground.
Background on Investment
Investment has different meanings in finance and economics. Finance investment is putting money into something with the expectation of gain, that upon thorough analysis, has a high degree of security for the principal amount, as well as security of return, within an expected period of time.
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