Officials at CME Group (NASDAQ: CME) have given the Justice Department documents that may prove former MF Global CEO Jon Corzine knew his firm lent customer money to its operations in Europe. Corzine had…
MF Global Holdings Ltd. (NYSE: MF) has been halted pending news this Monday. Workers may be allowed into the offices, but the firm is being cut off from transacting business. The company…
In what appears to be a counterintuitive move, CME Group (NASDAQ: CME) today raised its margin requirements for copper futures contracts. The requirement rose by 15%, from $6,750 to $7,763 for an…
The federal government begins to probe the accounting of several Chinese companies. (Reuters) EU markets to decline more this quarter than in any other since 2008. (Reuters) Bank of America (NYSE: BAC)…
Most investors either do not know of the National Stock Exchange or they forgot about the Cincinnati Stock Exchange. This was became the first all-electronic exchange in the U.S., back in 1980. …
Foreign oil companies may have to give up natural gas rights in Iraq. (Reuters) Several large pharma firms are in the early stages of an attempt to find new and more effective…
Just two weeks after raising margin requirements on its 100-ounce gold contract, CME Group Inc. (NYSE: CME) has bumped the requirement again by 27%. It now costs a non-commercial (speculative) buyer $9,450…
Steve Jobs resigns as CEO of Apple (NASDAQ: AAPL) and will be chairman. Tim Cook to take over as CEO. (Reuters) Gold falls sharply and may be hurt by CME (NASDAQ: CME)…
If you can count on the Europeans to do one thing, it is to invent new taxation methods regardless of whether or not it makes sense. After Merkel and Sarkozy met today,…
Less than two months ago, CME Group Inc. (NYSE: CME) lowered margins on its 100-ounce Comex gold contracts in what the company said was part of its “normal review of market volatility…
The CME Group Inc. (NYSE: CME) has announced changes to its margin requirements for a number of commodities. The changes, some increases and some decreases, cover a variety of oil-related contracts, gold,…
Jon OggThese are some of the top analyst upgrades, downgrades, and initiations seen from Wall Street research calls this Friday morning. American International Group, Inc. (NYSE: AIG) Started as Buy at BofA/ML.…
The U.S. is about to get another electronic exchange listed as a public stock. BATS Global Markets, Inc. wants to come public and has just filed for an initial public offering. The…
Today’s commodities news starts with a rise in margin requirements on crude oil contracts, and then looks at weather effects on both crude oil refining and US grain prices. We conclude with…
Jon C. Ogg If you are like the rest of who are upset about some ‘minor market issues’ like Bernie Madoff, Raj, Octopussy, and the dozens of other extreme violations of securities laws, then you…
