4 July, 2014 by The TZ Newswire Staff Comments Off on SEC settles with Canadian man tied to penny stock scam
SEC settles with Canadian man tied to penny stock scam
John Babikian will also pay a total of $3.73 million and be prohibited from recommending that investors buy any U.S. publicly traded stock unless he discloses at the same time any plans to sell the stock within 14 days, according to documents filed with U.S. District Court on Wednesday. The SEC accused Babikian of reaping an illegal $1.9 million profit by selling nearly 1.4 million shares of coal mining company America West Resources Inc (AWSRQ.PK) after his emailed touts had boosted their price. The SEC said Babikian sent the touts on Feb.
4 July, 2014 by The TZ Newswire Staff Comments Off on "Making Investment Decisions Based On Fundamentals Is No Longer A Viable Philosophy"
"Making Investment Decisions Based On Fundamentals Is No Longer A Viable Philosophy"
Yet another in a long stream of relatively esteemed hedge fund managers has decided enough-is-enough and is shuttering his firm. The reason? Same as the rest… As WSJ reports, Steve Eisman, who emerged as one of the stars of the financial crisis with a winning bet against mortgages, has wound up his fund because he believes that “making investment decisions by looking solely at the fundamentals of individual companies is no longer a viable investment philosophy.”
4 July, 2014 by The TZ Newswire Staff Comments Off on 2 Things You Need to Know If You Own Philip Morris International
2 Things You Need to Know If You Own Philip Morris International
Two key developments emerged from last week’s press release. Here’s what you need to have an opinion on if you’re a Philip Morris shareholder.
4 July, 2014 by The TZ Newswire Staff Comments Off on Excluding Oil, The US Trade Deficit Has Never Been Worse
Excluding Oil, The US Trade Deficit Has Never Been Worse
Remember when in January 2010 Obama promised that he should double US exports in five years in a bid to collapse the US trade deficit? Not only that, but in his 2010 SOTU address, Obama doubled down by saying “It’s time to finally slash the tax breaks for companies that ship our jobs overseas and give those tax breaks to companies that create jobs in the United States of America.”
4 July, 2014 by The TZ Newswire Staff Comments Off on 5 Things To Ponder: Under The Surface
5 Things To Ponder: Under The Surface
Submitted by Lance Roberts of STA Wealth Management,
Alas, all good things must come to an end. As the kids summer vacation trip comes sadly to an end, it is only fitting that the final edition of “Thoughts From The Beach (TFTB)” would be this weekend’s “5 Things To Ponder.”
4 July, 2014 by The TZ Newswire Staff Comments Off on Argentina says US judge biased ahead of debt talks
Argentina says US judge biased ahead of debt talks
Argentina on Friday accused a U.S. judge of being biased ahead of debt talks set for New York next week.
4 July, 2014 by The TZ Newswire Staff Comments Off on Should Puma Biotechnology Stock Be in Your Portfolio?
Should Puma Biotechnology Stock Be in Your Portfolio?
Shares of Puma Biotechnology have plummeted this year after being one of the strongest performers a year ago. Here’s why this beaten down biotech belongs in your portfolio.