Bullish Blog

AFP - Europe’s main stock markets fell on Friday as investors looked ahead to key economic growth figures from the United States, after dissecting news of a major takeover, company earnings and eurozone data.

Reuters - U.S. stocks closed little changed on Friday, but Wall Street wrapped up its best month in a year after the earnings season rounded the final turn with a group of strong results that offset the impact of poor economic data.

AP - Sam and Charles Wyly, Dallas billionaire investors known for their support of conservative candidates and causes, made $550 million in undisclosed profits through 13 years of insider trading, according to a Securities and Exchange Commission lawsuit filed Thursday.

AP - European and U.S. stock markets dropped sharply Friday after figures showed the U.S. economy slowed faster than expected in the second quarter, further eroding confidence in the recovery in the world’s largest economy.

Reuters - Citigroup Inc will pay $75 million to settle charges that it failed to disclose subprime exposure to investors in 2007, the U.S. Securities and Exchange Commission said on Thursday.

AP - Banking titan Citigroup Inc. is paying $75 million to settle civil charges that it misled investors about its potential losses from subprime mortgages as the housing bust hit in 2007.

AP - The Securities and Exchange Commission has filed suit in New York against famed Dallas billionaire investors Sam and Charles Wyly, accusing them, their attorney and their stockbroker of insider trading.

Reuters - The Securities and Exchange Commission charged billionaire Samuel Wyly and his brother Charles with fraud for reaping more than $550 million of illicit gains by trading stock in four companies while they were serving as directors.

If new estimates are right, China won’t import as much liquefied natural gas as once thought, leaving big energy companies — particularly Exxon Mobil — in the lurch.

AP - Stocks ended a choppy day with a modest loss Thursday as investors tried to reconcile another batch of conflicting economic signals. Investors are torn between upbeat earnings news from companies and reports that point to an uncertain recovery. Traders were also uneasy ahead of the first reading on U.S. gross domestic product for the April-June quarter, to be released Friday.