Monthly Archive for November, 2011

: November, 2011

Comstock re-Loded?

With gold prices continuing to tickle $1,750 an ounce, speculation in old mines remains strong evoking a rebirth in even one of the nation’s most famous strikes, the Comstock Lode in Nevada. Comstock

Warren buys hometown paper

Is the Oracle of Omaha investing with his heart, these days, trying to save his hometown newspaper, or does Buffett think there’s reason to believe readers do still value the newspapers as they

Insurers looking for Medicare hikes

Oxford, USAA and Monumental are all asking to raise some or all of their rates on their Medicare supplemental coverage for Connecticut residents. The State Insurance Department has scheduled hearings

S&P downgrades a pack of the world’s largest banks

Could be a wild open Wednesday. S&P announced Tuesday it has finished its review under new criteria of the top 37 banks in the world and has adjusted the ratings on many. Bank of America and

UBS is offering $5.3 billion in gold indexed securities

UBS filed paperwork Monday and Tuesday detailing plans to offer more than $5.3 billion in buffered return optimization securities tied to a gold index. The deal offers three payment scenarios. If the

Citigroup and SEC now facing the fire of a trial

There’s a new sheriff in town and his name is U.S. District Judge Jed S. Rakoff who ordered the SEC to prove allegations that Citigroup knowing created a fund called ClassV Funding III, in which it

Interesting insider trading standards popping up

This guy’s transgression sounds oddly familiar. He heard about an acquisition from an insider. Though he himself was not an officer or employee of the company, he bought shares and tipped off his

SEC says hedge fund was piggy bank for failing company

The Securities and Exchange Commission has brought charges against Oakbrook, Ill. manager Patrick G. Rooney and his Solaris Management LLC. for allegedly misusing $3.6 million in investments. Rooney,

Now soup is in the BPA soup

A new study in JAMA, Journal of the American Medical Association, found the urine of people who just consumed canned soup, had higher levels of BPA. While the study doesn’t make a connection to any

Insiders exercising options ahead of holidays

Missouri-based officers of Leggett & Platt Inc., the home goods maker, snapped up shares in their company at as much as a $2.50 discount from Tuesday’s trading levels. The question is as