Wall Street likes Monti, but still wary of Italy (Reuters)

NEW YORK (Reuters) – A long, standing ovation greeted Italy’s Mario Monti when he entered the packed Card Room on the seventh floor of the New York Stock Exchange last week. But that does not mean all of the 200 people in the audience were ready to send their money to the Mediterranean peninsula. In [...]

Two former Bear Stearns managers settle SEC case (Reuters)

NEW YORK (Reuters) – Two former Bear Stearns fund managers, who were acquitted of criminal charges over the demise of their mortgage-laden hedge funds, agreed on Monday to pay more than $1 million to resolve a civil lawsuit brought by market regulators. The settlement with the U.S. Securities and Exchange Commission was announced on the [...]

Markets jittery on mounting Greek uncertainty (AP)

LONDON – Markets were in a jittery mood Thursday as uncertainty escalated over whether Greece will get vital bailout cash to avoid defaulting next month. Stocks took a hit, the euro dropped below $1.30 and the borrowing rates rose for Italy and Spain, an indication of renewed investor concerns that they will eventually be dragged [...]

Stocks move higher as unemployment claims drop (AP)

NEW YORK – Stocks rose on Thursday on signs of strength in the U.S. job market, but continuing uncertainty about Greece’s debt problems kept the gains in check. The Dow Jones industrial average was up 111 points to 12,892 shortly after noon. That was a turnaround from Wednesday, when the index lost 97 points. Another [...]

Economy, Greek deal hopes lift Wall Street (Reuters)

NEW YORK (Reuters) – Wall Street stocks rose on Thursday on the latest signs of an improving U.S. economy and optimism a Greek bailout deal would be agreed next week. Equity indexes continued to trade in tight ranges, with the SP 500 near a nine-month high. U.S. labor, manufacturing and housing data suggested sustained momentum [...]

Dow falls 97 points, worst showing this year (AP)

NEW YORK – Stocks slumped Wednesday in one of their worst showings this year as Greece, slogging through negotiations with other countries over a bailout, once again cast a long shadow over the financial markets. The Dow Jones industrial average dropped 97.33 points to close at 12,780.95. It was the worst one-day decline for the [...]

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