Reuters – The Securities and Exchange Commission is in settlement talks with several large financial institutions to resolve investigations into the awarding of municipal investment contracts, the Wall Street Journal reported on Saturday.
Reuters – A former top executive at hedge fund firm ValueAct Capital is one of seven people charged with trading on inside information in Acxiom Corp.
Reuters – U.S. securities investigators raised repeated concern over how Bernard Madoff could be running an honest business, but never followed through on the many red flags they uncovered.
AP – The Securities and Exchange Commission filed a civil lawsuit alleging insider trading Friday against the former chief financial officer of a San Francisco private equity fund and six others.
AP – President Barack Obama on Saturday tempered excitement about a growing economy with a sober outlook that more people will lose their jobs. He called that a heartbreaking reality and cautioned that even a burst of upbeat news “does not mean there won’t be difficult days ahead.”
AFP – Despite the return of US economic growth, Wall Street was in no mood to celebrate as it braced for a Federal Reserve interest rate decision and crucial monthly labor data next week.