States not likely to miss payments, but local governments could be risky bets
Analyst reportedly has rated 15 largest states according to financial conditions; only two get passing grades
Things are looking decidedly gloomy once again for securities firms. Meredith Whitney predicts banks will pay out puny bonuses for 2010, then start laying off tens of thousands of workers.
Another small broker-dealer is closing its doors due to not having enough capital on hand to meet industry rules to remain open for business — <a href =http://www.investmentnews.com/apps/pbcs.dll/section?category=specialreporttemplate&issuedate=20100616&sid=bddown>at least the seventh B-D to shut down this year</a>.
There are just 450 advisers 'approved' to work with NFL players, fighting it out over 1,800 athletes in the league. But now, Dana Hammonds, director of financial programs and adviser administration for the NFLPA, said the players' union will craft new rules that advisers must meet to get on that carefully vetted list.
Scuttling the Administration's tax proposal would hit average Americans squarely in the wallet; the fate of refundables?
Money pouring into international offerings, driving up valuations; 'be very careful'
Most of these stocks are out-of-favor or risky bets -- but they might pay off in spades
Officials at the Securities and Exchange Commission are considering setting limits on computer-trading algorithms — and may choose to require broker-dealers to monitor their orders — in the wake of the May 6 flash crash.
