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First Quarter Results, Europe Turmoil Impacts on Wall Street

18 May 2012 - Features - Editor

Dragged down by disappointing corporate results and ongoing concerns over the political and financial turmoil in Greece, US stocks continued to reflect investor pessimism on Wednesday. The Dow Jones Industrial Average closed the day down 33.45 points (0.26 percent) at 12,598.55, while the Nasdaq index dropped 19.72 points (0.68 percent) to close at 2,874.04, and the S&P 500 shed 5.86 points (0.44 percent) to end the day at 1,324.80. While morning trade on Wall Street included positive data regarding new home construction and industrial production, the news that the ECB has no plans to increase stimulus provisions to Greece at this time, coupled with fears of the ailing country being dismissed, or withdrawing from, the group of countries using the euro as currency, sent stocks on a downward spiral later in the day.

General Electric was among the Dow components to gain ground on Wednesday. The company's shares climbed 3.3 percent, driven by the news of dividend payments from its subsidiary GE Capital. GE chief executive Jeff Immelt was reported as saying that the payment of dividends to GE Capital's parent company, General Electric, demonstrated the strength of the subsidiary based on the significant steps taken to "strengt...

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Jobs Market Continues to Sway Investors - 3 May 2012 - Features

Indications of a Wall Street rally at the beginning of May were short-lived as investors reacted negatively to troubling jobs reports in both the United States and Europe, despite a few encouraging signs relating to the US economy. Following the announcement by payroll processing company ADP that the US created fewer jobs in April when compared to March (119,000 and 201,000 respectively), the Dow Jones industrial average dropped by 87 points before ending the day at 13,268.57 points, being down 10.75 points. This was a sharp turnaround from the previous day when US manufacturing reports lifted the Dow to close at its highest point in over four years. The S&P 500 fell 3.51 points, closing at 1,402.31, while the Nasdaq ended the day up 9.41 points at 3,059.85..

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July 2014 Compliance for Volcker Rule - 20 Apr 2012 - Markets

Named for former United States Federal Reserve Chairman Paul Volcker, the Volcker Rule forms part of the Dodd-Frank Wall Street Reform and Consumer Protection Act, designed to prevent banks in the US from making speculative investments that would not be in the best interests of their customers. The Dodd-Frank Act stipulated a 2014 compliance deadline, but some of the law's fine print relating to the Volcker Rule appeared open to interpretation, prompting bank officials to request clarification from financial regulators. The clarification came yesterday in the form of an announcement that Wall Street need not comply immediately with the Volcker Rule banning banks from trading with their own money...

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JOBS Act - Easing Regulations for Growth - 5 Apr 2012 - News

Having passed the United States House of Representatives with bipartisan support on March 8 this year, the Jumpstart Our Business Startups Act – more commonly, and maybe aptly, referred to as the JOBS Act – is awaiting the signature of Barack Obama to pass it into law. The purpose of the Act is to ease various securities regulations, and thereby encourage the funding of small businesses in the United States. The President has already made known his readiness to sign the JOBS Act once it has been passed by both chambers, and analysts are reportedly studying the new legislation with a view to making use of any opportunities it may present to Wall Street investors...

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