Bullish Blog

AFP - Maxis, Malaysia’s top mobile operator, is tipped to receive a warm welcome back to the bourse this month in an IPO worth around 3.43 billion dollars, billed as the biggest in Southeast Asian history.

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.

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.

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.

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.

AP - As Bernard Madoff sat in jail a few months after pleading guilty to fraud, he sounded faintly boastful.

Reuters - Bernard Madoff believed U.S. Securities and Exchange Commission employees were too dazzled by his stature on Wall Street to properly probe his operations and uncover his massive fraud, documents released on Friday showed.

AP - Bernard Madoff was apparently convinced that it never even occurred to Securities and Exchange Commission staff he was running a Ponzi scheme, despite the agency’s numerous probes of his business.

AP - Grim signals about consumer spending ripped through the markets Friday, sending stocks tumbling as investors raced for safe havens. The Standard & Poor’s 500 index and the Nasdaq composite index ended with losses for October, breaking a streak of seven straight months of gains. The Dow Jones industrial average tumbled 250 points, erasing a 200-point gain Thursday and ending the month flat.