Arc Bike News

October 30, 2010

Cooperator in inside trading case settles with SEC (AP)

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AP – A Florida investor who cooperated with a government probe of what’s been called the biggest-ever hedge fund insider trading case has settled civil charges.

SEC sets aside $450M for whistleblowers (AP)

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AP – The Securities and Exchange Commission says it has set aside about $450 million for payments to outside whistleblowers whose information results in successful cases and penalties collected from companies or individuals.

Stocks edge up to close strong October (AP)

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FILE - In this Sept. 30, 2010 file photo, traders gather at a post on the floor of the New York Stock Exchange, in New York.   (AP Photo/Richard Drew, file)AP – Stocks edged higher Friday to close out the best October for the Dow Jones industrial average in four years.

How the major stock indexes fared Friday (AP)

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AP – Stocks edged higher Friday to close out one of the stock market’s best months of the year. Trading activity was relatively light, with the Dow Jones industrial average keeping to a tight range of just 50 points, amid uncertainty over next week’s elections. News that the U.S. economy rose at just a 2 percent annual pace in the three months ending in September had little effect on stock prices.

Summary Box: Stocks closing out a strong October (AP)

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AP – STRONG OCTOBER: Every major stock index rose in October. The Dow Jones industrial average and the S&P 500 both rose more than 3 percent, while the Nasdaq composite gained 5.9 percent. Each index changed less than 0.1 percent in Friday’s trading.

Solid October ends flat ahead of Fed, elections (Reuters)

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Traders work on the floor of the New York Stock Exchange October 27, 2010. REUTERS/Brendan McDermidReuters – U.S. stocks ended on a flat note on Friday, wrapping up another strong month driven by expectations the Federal Reserve will flood the economy with cash next week.

A look at economic developments around the globe (AP)

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AP – A look at economic developments and activity in major stock markets around the world Friday:

Ford stock rally could be boon to GM IPO (Reuters)

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Reuters – Ford Motor Co’s emergence as Detroit’s darling may have fueled jealousy at General Motors Co headquarters, but the archrival’s rising shares could help GM as it readies its landmark return to public markets.

Summary Box: Nasdaq OMX Group profit jumps 68 pct (AP)

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AP – THE RESULTS: Nasdaq OMX Group’s third-quarter profit jumped 68 percent. It earned $101 million, or 50 cents per share. Analysts had forecast a profit of 46 cents per share.

Le Gaga rises in its 1st day of Nasdaq trading (AP)

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AP – Shares of Le Gaga Holdings Inc. rose about 5 percent in its first day of trading on the Nasdaq Global Market Friday.

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