Memc Electronic Materials Inc., which makes silicon wafers used in the technology and solar industries, is “cheap” and may be poised to rise by the fourth quarter, Jim Cramer said on his “Mad Money” program.
When is a five-year statute of limitations for securities fraud not five years? When it’s six years, or 10 years, or never, according to Manhattan U.S. Attorney Preet Bharara.
Dan Dorfman, a journalist whose stock reports were once so market-moving that U.S. exchanges imposed regulations to limit the resulting price swings, has died at the age of 80.
It was almost midnight, and actor Robert De Niro, smiling broadly, slipped an arm around the waist of International Monetary Fund Managing Director Christine Lagarde while photographers clicked away.
TheStreet Inc., operator of the financial website TheStreet.com, and three former executives settled a U.S. Securities and Exchange Commission investigation of accounting fraud at the company in 2008.
U.S. stocks advanced for the sixth straight week, the longest streak since April, as stronger-than- estimated employment and service sector data lifted confidence in the world’s largest economy.
Shares of the following companies had unusual moves in U.S. trading. Stock symbols are in parentheses, and share prices are as of 4 p.m. in New York.
"There are a lot of armchair lawyers and armchair prosecutors who think that they know what the statute of limitations issues are and often they are quite wrong. Dodd-Frank, enacted three years ago, elongates the statute, which people have not appreciated. So we have a lot of legal theories we can pursue."
- Jim Cramer on Jul 17, 2013