Auto Sales 7:00 MBA Mortgage Applications 7:30 Challenger Job-Cut Report 8:15 ADP Jobs Report 9:00 FCIC Hearing: Too Huge To Fail 10:00 ISM Manufacturing Index 10:00 Construction Spending 10:10 Fed Conference: REO & Vacant Properties 10:30 EIA Petroleum Inventories 1:40 PM Fed’s Fisher: “Perspectives on the Current Economic Climate”
Posts Tagged ‘Amp’
Wednesday’s Economic Calendar – Sept 1, 2010
September 1st, 2010 
Before You Invest 
Posted in Finance Fraud 
Tags: Amp, Auto Sales, Challenger, Current, Economic Calendar, Economic Climate, Fisher, Inventories, Ism Manufacturing Index, Job, Jobs, Mba, Mortgage Applications, Perspectives, Petroleum, Reo, Vacant Properties 
Comments OffCFTC fines a former ConAgra unit for pushing up crude oil’s price
August 16th, 2010 Before You Invest The Commodity Futures Trading Commission fined a former unit of ConAgra Foods $12 million for driving up the price of crude oil to $100 a barrel. The CFTC said a trader, who was not named, caused a “non-bona fide price” to be posted for the benchmark contract of crude-oil futures.
Posted in Finance Fraud Tags: Amp, Benchmark, Cftc, Commodity Futures Trading, Commodity Futures Trading Commission, Commodity Trading, Conagra, Conagra Foods, Crude Oil Futures, Futures Trading Commission, Oil Price, Price Of Crude Oil, Trading Operations Comments OffTheo Albrecht, Who Helped Build the Aldi Grocery Chain, Dies at 88
July 31st, 2010 Before You Invest FRANKFURT — Theo Albrecht, who with his brother Karl used lessons learned in the lean years of postwar Germany to build an international grocery empire, died Saturday in Essen, Germany. He was 88.Both companies use the Aldi name, which derives from “Albrecht discount,” and continue to cooperate, including sometimes running the same promotions on the same day.Theo Albrecht’s half of the business, Aldi Nord, with 5,200 stores, had estimated sales last year of 24.9 billion euros, or $32.4 billion, according to Planet Retail.
Posted in Finance Fraud Tags: Aldi Nord, Aldi SüD, Amp, Brother, California Wine, Empire, Essen Germany, Euros, Financial Information, Frankfurt, Goat Cheese, Grocery Chain, Karl Albrecht Aldi, Lean Years, Olive Oil, Postwar Germany, Promotions, Running, Theo Albrecht, Trader Joe Comments OffObama signs financial-regulatory reform into law
July 21st, 2010 Before You Invest After signing the bill Wednesday in the Ronald Reagan Building, President Obama shared the moment with Paul A. Volcker, a former Federal Reserve chairman.President Barack Obama launched the next phase in a battle over financial regulation by signing the sweeping regulatory-reform bill into law. “This reform will help foster innovation, not hamper it,” Obama said. “It is designed to make sure that everyone follows the same set of rules, so that firms compete on price and quality, not tricks and traps.” The Treasury Department and regulatory agencies will start drafting rules and conducting studies, as ordered by the law.http://www.nytimes.com/2010/07/22/business/22regulate.html?_r=1&ref=business
Posted in Finance Fraud Tags: Amp, Barack Obama, Federal Reserve, Federal Reserve Chairman, Foster Innovation, Paul A Volcker, Regulatory Agencies, Regulatory Reform Bill, Ronald Reagan, Ronald Reagan Building, Signs, Treasury Department, Tricks And Traps Comments OffFabrice Tourre denies fraud allegations
July 20th, 2010 Before You Invest Goldman Sachs executive Fabrice Tourre has denied acting improperly in regard to the controversial Abacus collateralized debt obligation (CDO) product.Fabrice TourreLast week, the bank agreed to pay out $550 million after the Securities and Exchange Commission (SEC) accused it of misleading investors by not informing them that hedge fund Paulson & Co – which helped make the CDO – was betting on its failure.The SEC said it would continue its case against Mr Tourre, who is said to have helped design the product.But lawyers acting on his behalf have questioned for the civil fraud charges against him to be dropped, reports Reuters.”The purported claims against Mr Tourre are based solely on alleged actions and omissions concerning information known to many different Goldman Sachs employees working in various aspects of its business,” his legal team said.Goldman Sachs has not admitted or denied the SEC’s claims, but did state that it regrets that marketing materials for the CDO did not tell Paulson’s involvement.
Posted in Finance Fraud Tags: Acting, Amp, Civil Fraud, Collateralized Debt Obligation, Failure, Fraud Allegations, Fraud Charges, Goldman Sachs, Hedge Fund, Lawyers, Marketing Materials, Misleading Investors, Regard, Reuters, Securities And Exchange, Securities And Exchange Commission Comments OffEU Crafts $962 Billion Show of Force to Halt Crisis
May 10th, 2010 Before You Invest European policymakers agreed to offer as much as €750 billion in financial help to nations feeling pressure from speculators in an effort to curb the spread of the sovereign-debt crisis. The European Central Bank will buy government and private bonds to counter “severe tensions” in some markets.
Posted in Finance Fraud Tags: Amp, Apps, Bloomberg, Chief Economist, Contagion, Crafts, Debt Crisis, E Mail, Financial Assistance, Overwhelming Force, Pid, Policymakers, Private Bonds, Risk, Shock And Awe, Sid, Sovereign Debt, Speculators, Tensions Comments OffSenate approves plan for breaking up failing financial firms
May 7th, 2010 Before You Invest Senators approved an amendment to financial-overhaul legislation that would give the government authority to break up financial firms that are on the verge of collapse. The plot would prevent taxpayer funds from being used to keep companies deemed “too huge to fail” from failing. The Senate is poised to start discussing and voting on other central issues of the legislation, including the creation of a consumer-protection agency.http://www.bloomberg.com/apps/news?pid=20601103&sid=aW77CmyP.HRk
Posted in Finance Fraud Tags: Amp, Break, Collapse, Consumer Protection Agency, Government Authority, Hrk, Legislation, Pid, Senate, Senators, Sid, Taxpayer Funds, Verge Comments OffSEC voiced concern about CDOs as early as 2006, records show
May 6th, 2010 Before You Invest he Securities and Exchange Commission started questioning Wall Street’s practice of packaging mortgages into bonds as early as 2006, according to recently released documents. SEC officials wrote that collateralized debt obligations linked to mortgages exposed financial institutions to possible write-downs. “This risk is hard to measure and hence to manage,” according to a memo dated Feb.
Posted in Finance Fraud Tags: Amp, Bear Stearns, Bonds, Collapse, Collateralized Debt Obligations, Early Show, Financial Crisis, Financial Institutions, Inquiry Commission, Mortgages, Pid, Risk, Sec Officials, Securities And Exchange, Securities And Exchange Commission, Sid, Wall Street Comments OffEx-CEO Cayne blames market for Bear Stearns’ demise
May 5th, 2010 Before You Invest James Cayne, former head of Bear Stearns, said the company’s collapse was because of market forces and a loss of confidence in the bank, according to his prepared testimony to be given before the Financial Crisis Inquiry Commission. “The market’s loss of confidence, even though it was unjustified and irrational, became a self-fulfilling prophecy,” Cayne said in the testimony, according to a source.
Posted in Finance Fraud Tags: Alan Schwartz, Amp, Bear Stearns, Ceo, Collapse, Confidence, Demise, Financial Crisis, Former President, Inquiry Commission, James Cayne, Pid, Self Fulfilling Prophecy, Sid, Spector, Testimony Comments OffGreece’s debt rating is cut to junk; financial woes spread to Portugal
April 29th, 2010 Before You Invest Standard & Poor’s cut the credit ratings of Greece and Portugal, spooking investors and sparking a market sell-off worldwide. The downgrades also dashed the hopes of European officials who thought they could contain the credit crisis. Investors were concerned about Greece’s position before the downgrades because there was indication that the EU and International Monetary Fund’s aid package for Greece might be delayed by Germany.
Posted in Finance Fraud Tags: Amp, Credit Crisis, Downgrades, European Officials, Financial Woes, Germany, Greece, International Monetary Fund, Investors, Poor Credit, Portugal, Wsj Comments Off
