Wall Street News

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Huge Insider Trading Case Features Multibillion-Dollar Deals, Wiretaps

NEW YORK -- The largest insider trading case to hit the U.S. in decades has all the elements of a highly charged courtroom drama involving powerful players on Wall Street, their secretly recorded phone conversations and deals worth billions of dollars. Federal prosecutors charge that Raj Rajaratnam made $45 million from...

Source: Hackers Penetrate Nasdaq Computer Network

WASHINGTON - A federal government official tells The Associated Press that investigators are trying to identify computer hackers who have repeatedly broken into the network of the company that runs the Nasdaq Stock Market. The official says that the hackers haven't compromised the exchange's trading platform and that...

Opinion: Top 10 Gift Ideas for Wall Street Fat Cats

(Dec. 3) -- It's the most ... wonderful time ... of the year. And the most frantic and anxious and mind numbing and expensive. The rewarding part is my ongoing seasonal side job as a lumpy elfin holiday gift consultant, where it is an honor and a privilege to be able to pass along some hot tips for this year's Christmas...

Which American Bank Will WikiLeaks Put the Hurt On?

(Nov. 30) -- Watch your back, Wall Street: WikiLeaks founder Julian Assange says the private sector is next on his hit list. The whistle-blower organization shook the foundations of U.S. diplomacy earlier this week when it released a "mega-leak" of secret government cables, revealing gossipy correspondences between the...

Stocks Hit Highest Level Since Lehman Bros. Bankruptcy

(Nov. 4) -- Are the bulls back? The Dow Jones industrial average today rose to its highest level since Lehman Brothers Holdings Inc. filed for bankruptcy in 2008, at the height of the U.S. financial crisis, The Wall Street Journal reports. U.S. stocks rose by 219 points, or 2 percent of total volume, in trading at the...

Background on Wall Street

Wall Street refers to the financial district of New York City, named after and centered on the eight-block-long street running from Broadway to South Street on the East River in Lower Manhattan.

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