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GE may face civil action on securities violations
(AP)
[Fri, 05 Sep 2008 22:10:45 GMT]
AP - General Electric Co. said Friday it has been informed that the Securities and Exchange Commission may recommend fines and other action for possible violations of securities law related to accounting changes the company made.
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Stocks mostly rise as investors snap up financials
(AP)
[Fri, 05 Sep 2008 22:00:34 GMT]
AP - Wall Street wrestled with intensifying economic worries Friday, extending sharp losses after a disheartening jobs report and then grudgingly engaging in some mild bargain hunting that gave the market some modest gains. The major indexes ended the week with big declines, a sign that investors, who not long ago expected the economy to improve, are now growing increasingly discouraged.
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GE gets "Wells notice" in SEC accounting probe
(Reuters)
[Fri, 05 Sep 2008 21:55:11 GMT]
Reuters - General Electric Co said on
Friday it had been notified by U.S. regulators that a civil
complaint could be filed against the company following a more
than three-year-long probe into its use of hedge accounting for
derivatives and other accounting matters.
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GE says SEC probing possible securities violations
(AP)
[Fri, 05 Sep 2008 21:43:10 GMT]
AP - General Electric Co. says the Securities and Exchange Commission staff has notified the company it may recommend fines and other action for possible violations of securities laws.
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InfoGroup no longer faces delisting from Nasdaq
(AP)
[Fri, 05 Sep 2008 21:41:31 GMT]
AP - Database provider InfoGroup Inc. said Friday it no longer faces the threat of being delisted, but the Nasdaq plans to reprimand the firm publicly.
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Toronto stocks make tiny gain as resources rise
(Reuters)
[Fri, 05 Sep 2008 21:36:44 GMT]
Reuters - The Toronto Stock Exchange's main index
just managed to end on the plus side on Friday, following a
sharp three-day losing streak, as gains by resource and
consumer issues offset worries over the outlook for the global
economy.
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Dow, S&P end higher on financials, down for week
(Reuters)
[Fri, 05 Sep 2008 21:18:46 GMT]
Reuters - NEW YORK (Reuters) -The broader U.S. stock market edged
higher on Friday, but still posted its worst week since May, as
a rally in financial stocks helped reverse losses sparked by a
government report showing the U.S. jobless rate rose to a
five-year high.
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Wall Street bounces back from dismal jobs report
(AFP)
[Fri, 05 Sep 2008 21:14:22 GMT]
AFP - Wall Street shares recovered from steep early losses and finished mostly higher Friday as the market was able to shake off a jump in unemployment that sparked renewed fears of a US recession.
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