Wednesday, April 08, 2009
SEC OKs effort to limit short sales
SEC OKs effort to limit short sales
Under pressure from lawmakers and financial institutions, the
Securities andExchange Commission aired five different proposals for
reinstating the uptick rule, a provision that would limit short
selling.
BOND REPORT: TREASURYS HOLD GAINS AS FED COMES BACK INTO MARKET
Treasury prices find support ahead of expected purchases of debt by
the Federal Reserve during the session.
FINANCIAL STOCKS: LIFE INSURANCE STOCKS RALLY ON REPORT TREASURY WILL AID SECTOR
Shares of U.S. life insurers rally after a published report said the Treasury
Department has decided to extend bailout funds to several struggling
companies in the sector.
BEYOND ALCOA'S LOSS, ANALYSTS SEE SIGNS OF STRONGER COMPANY
Shares of Alcoa recover from early weakness as investors look beyond the
company's wider-than-forecast loss for the first quarter. Merrill Lynch
analysts find reasons to be optimistic about the outlook for the blue-chip
aluminum fabricator.
PULTE AND CENTEX TO MERGE IN DEAL CREATING TOP U.S. HOME BUILDER
Pulte Homes on Wednesday says it's buying Centex in an all-stock deal
that will create the largest U.S. home builder.
