Bullish Blog

AFP - The US financial regulator has accused Texas financier Allen Stanford of committing a multi-billion-dollar fraud like that of Wall Street swindler Bernard Madoff, documents showed Saturday.

AP - Wall Street ended another unforgiving month with a steep loss — one that left the Dow Jones industrial average at less than half its record high.

AP - Wall Street ended another unforgiving month with a steep loss after a spate of downbeat news unsettled investors.

Reuters - Wall Street is unlikely to get a reprieve next week as relentless worries about U.S. banks and the economy could embolden bears to drive the market below the 12-year lows hit on Friday.

AP - Federal regulators are accusing an Idaho businessman of conning at least $40 million from investors and using the money to make credit card payments, pay for snowmobiles and a mansion in Idaho Falls.

For girls over 6, Webkinz and Bratz are the ‘it’ toys; Barbie is dull by comparison. As she turns 50, Mattel’s aging bombshell needs a makeover — and maybe a blog.

AFP - Shares in London fell markedly Friday in a session marked by fresh selling in the banking sector and notable weakness amongst pharmaceutical shares.

AP - Wall Street ended another unforgiving month with a steep loss — one that left the Dow Jones industrial average at less than half its record high.

Late selling leaves the Dow and S&P 500 with their worst starts for a year ever. GE is trimming its quarterly dividend to 10 cents. The government could own up to 36% of Citigroup. The economy shrank more than expected in the fourth quarter. Dell shares rise, despite lower profit.

Reuters - U.S. stocks fell and the S&P 500 marked its worst-ever start to a year on Friday, after the government said it will take a large stake in Citigroup’s common shares, fanning fears it will increase its role in other major banks.