Sunday, April 20, 2014
 
 
by Grab Media, a blinkx company
Just a week ago the stock market was looking quite vulnerable as most of the major averages closed near their lows last Friday, April 11. There were signs of heavy selling, so I concluded last week that “On a short-term basis, the market is getting oversold, so we should see a bounce this week. Unless it is quite strong, it will likely be an opportunity to become more defensive and raise some cash.” The higher close last Monday signaled the rebound was indeed underway and made Wednesday???s action pivotal as a sha
  [READ MORE]
 
 
Providence, RI Sues Firms Over Stock Trades
by Grab Media, a blinkx company
 
Providence, R.I. is suing dozens of Wall Street banks and other financial companies over high-frequency trading. The suit says stock exchanges, investment banks and others defrauded investors by manipulating market data in favor of split-second stock-trading firms. The suit's defendants include the Nasdaq Stock Market and the New York Stock Exchange; major banks such as JPMorgan Chase, Goldman Sachs and Citigroup; and trading firms including Chopper Trading and Jump Trading. The lawsuit comes amid heightened government scrutiny into whether advantages in computer hardware and placement enable some to get millisecond timing advances on trades.   [READ MORE]
 
One could spend all day dissecting how yesterdays presidential press conference distorted the truth about ObamaCare. Happily, the Washington Post did much of the work for us, taking issue with a number of misleading claims President Obama made. The Post notes its not really 8 million enrollees but 8 million people who have “signed up for a plan. Obama also misled the public when he claimed 35 percent of enrollees sign-ups are age 35 or younger.   [READ MORE]
 
One could spend all day dissecting how yesterday’s presidential press conference distorted the truth about ObamaCare. Happily, the Washington Post did much of the work for us, taking issue with a number of misleading claims President Obama made. The Post notes it’s not really 8 million enrollees but 8 million people who have “signed up” for a plan. Obama also misled the public when he claimed 35 percent of enrollees sign-ups are age 35 or younger.   [READ MORE]
 
Newly released documents from the Clinton White House reveal a candid assessment of the looming fight over the administrations doomed health care plan, as advisers tried unsuccessfully to steer the sprawling legislation through Congress. A series of 1993 memos and briefing notes shows how the Clinton White House anticipated but was ultimately overwhelmed by Republican lines of attack against the health care reform effort, which collapsed under criticism through 1993 and 1994.   [READ MORE]
 
Brazils federal police have opened an investigation into former billionaire Eike Batista for financial crimes, including insider trading, manipulation of markets and money laundering. A week ago, Brazil's securities commission, CVM, announced that Batista was under investigation for insider trading as chairman of his now-bankrupt oil-producing company Óleo and Gs Participaões SA.   [READ MORE]
Wal-Mart Banks on New Money Transfer Service
by Grab Media, a blinkx company
 
Wal-Mart is trying to shake up the money transfer industry with a new service that undercuts Western Union and MoneyGram with lower and simplified fees. Paul Ziobro reports on Lunch Break. Photo: Getty.   [READ MORE]
 
 
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