Reuters – The son of prominent investor Mario Gabelli has won the dismissal of large parts of a U.S. Securities and Exchange Commission lawsuit alleging securities fraud related to market timing.
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AP – Phillips-Van Heusen says it will buy privately held Tommy Hilfiger in a cash-and-stock deal valued at about $3 billion, creating one of the world’s biggest clothing companies.
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AFP – The US Federal Reserve’s policy makers are expected to maintain benchmark interest rates at virtually zero percent at their meeting this week amid intense debate on how soon the central bank should tighten monetary policy.
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AFP – Doctors have found a relation between stock market fluctuations and heart attack frequency, a preliminary study by North Carolina’s Duke University Medical Center said Saturday.
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AFP – Wall Street stocks are set to build on nearly year-and-a-half highs as they face next week’s key economic reports and the US Federal Reserve’s monetary policy meeting.
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AP – A far-right faction of the Texas State Board of Education succeeded Friday in injecting conservative ideals into social studies, history and economics lessons that will be taught to millions of students for the next decade.
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AFP – The US economy showed signs of green shoots in February despite blasts of wintry weather, although modest growth was patchy, data has shown ahead of a key government labor report.
Reuters – A prominent Miami couple was charged by U.S. securities regulators on Wednesday with running a $135 million Ponzi scheme that victimized elderly Cuban-Americans living in South Florida.
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AFP – US stocks posted solid gains the past week on the back of positive economic data and mostly improved company earnings with attention focused on any easing of monetary policy by the Federal Reserve.
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AP – Wal-Mart Stores Inc., one of the recession’s biggest beneficiaries, felt the pinch during the fourth quarter as quarterly sales fell at its namesake U.S. division for the first time in memory.