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Big mark-to-market meeting on Wednesday

FAS 157, the controversial fair accounting rule, will be the topic of a roundtable today at the Securities and Exchange Commission. As you know, the rule has become the center of much controversy,... Read more...

Lehman takes a big swing at the shorts

Speculation was heavy that Lehman might make some sort of early earnings announcement. As it turns out, the embattled firm some guidance on Monday, confirming the many predictions it would lose money... Read more...

ALSO NOTED: John Thain says he's not heading into politics; SEC may require banks to hold more cash as cushion; and much more..

Company News: > Court approves Citigroup settlement over Enron. Article > Thain says he's not heading into politics. Read more...

Demand strong for First Data bonds

This qualifies as a good sign. The roadshow for the first $5 billion in First Data bonds is underway, and demand appears to be strong. According to the AP, guidance on the total $13 billion of loans... Read more...

Still time to comment on new communication rules

Electronic communications are a big deal at Wall Street firms these days. With so many people Blackberrying, Read more...

Earnings guidance a big issue again

First-quarter earnings have been much stronger than people thought. Earnings will be 10 percent higher, it seems, than the expected 3 percent. Upside surprises have been announced in droves. And... Read more...

The future of algorithmic trading?

It's no secret that algorithmic trading is in vogue on Wall Street. But beyond... Read more...

Why pensions eschew anti-terrorism effort

There has been a pretty active movement as of late to force public pensions to divesting from companies that are active in countries thought to be sponsors of terror, notably Iran. But despite... Read more...

WaMu's plan to hold line on subprime defaults

These sorts of moves were inevitable. Washington Mutual has announced it will provide $2 billion to help some Read more...

Wither quarterly earnings guidance?

More than 60 percent of the CFOs polled in a survey recently by Financial Executives International agree that public companies should stop offering quarterly earnings guidance. A lot of companies... Read more...