Arc Bike News

AP – Most Asian stock markets slipped after Moody’s Investors Service threatened to lower the United States’ credit rating, spreading ripples of caution across the region.

Reuters – TMX Group is now in talks with a Canadian consortium whose hostile bid for the operator of the Toronto Stock Exchange scuppered a friendly combination with the London Stock Exchange, a government official said on Wednesday.

AP – Comments from Fed Chairman Ben Bernanke set off a stock market rally early Wednesday, but it wasn’t long before another Fed official helped cut it short.

Reuters – Stocks stopped a three-day slide on Wednesday, but the market is likely to get hit in the coming session after Moody’s said it could cut the United States’ prized triple-A credit rating.

AP – Comments from Fed Chairman Ben Bernanke set off a stock market rally early Wednesday, but it wasn’t long before another Fed official cut it short.

AP – BERNANKE: Fed Chairman Ben Bernanke told Congress the central bank would be open to new economic stimulus measures, but only if the economy gets much worse. The Dow Jones industrial average jumped as much as 1.3 percent, but closed with a gain of just 0.4 percent.

AP – A woman who admitted her role in a massive insider trading case has agreed to pay $540,000 to settle civil charges in New York brought by the Securities and Exchange Commission.

Reuters – American Apparel Inc said it received a letter from NYSE Amex that the composition of the clothing chain’s audit committee and board of directors was not in compliance with the exchange’s guidelines.

Reuters – Three U.S. senators called for the Justice Department and the Securities and Exchange Commission to investigate whether News Corp broke a U.S. law banning bribes to foreign officials.

Reuters – Danielle Chiesi, a former trader who pleaded guilty in the U.S. government’s hedge fund insider trading probe, agreed to pay $540,535 to settle related Securities and Exchange Commission civil charges.