Posted on May 4th, 2007 with stocks: CMG , GMCR Andy Kern submits: This is the story of two great growth stocks, one that I bought and one that I should have bought. via The Retail Stock Blog

Original post by The Retail Stock Blog

“RLI’s superior capitalization, outstanding long-term profitability and financial flexibility”

RLI Corp. — Financial rating agency A.M. Best Company yesterday reaffirmed its A+ financial strength rating for RLI’s principal insurance subsidiaries RLI Insurance Company, Mt. via PR-inside.com

Original post by PR-inside.com

“I believe he was manipulated by someone who is much cleverer.”

A day trader stole the identities of four people, made off with $1 million from their bank accounts, and then used the funds in a stock scheme, according to an indictment Friday in state Supreme Court.

Alexis Ampudia Jr., 22, of Brooklyn, opened online stock trading accounts in the victims’ names, Manhattan prosecutors charged. He also opened online trading accounts in his own name and bought lightly traded, low-value securities, prosecutors said.

Ampudia then used accounts he had opened in his victims’ names to buy the same stocks, which inflated the price by artificially creating demand, prosecutors said. Read more

Original post by The Associated Press

“Employers are feeling the pinch”

Job growth in the U.S. fell to its lowest level in more than two years in April as payroll losses spread from struggling homebuilders and factories to retailers. via Chicago Tribune

Original post by Chicago Tribune

Reuters Group Plc, the world’s largest publicly traded provider of financial data, said it received a takeover approach from an unidentified company. via Bloomberg.com

Original post by Bloomberg.com

“What is going to happen is that everyone’s deposits will get penned up … (and) pass into the state’s hands and there will be no more money for anyone”

President Hugo Chavez’s threat to nationalize banks caused Venezuelan stocks to fall Friday, while one bank president warned depositors would be worst hit by such a move.

On Friday, Caracas‘ main stock index fell 2.74 percent, while its index of financial stocks fell 3.12 percent.

The decline was led by Venezuelan banks like Mercantil Servicios Financieros CA, Banesco Banco Universal and Venezolano de Credito whose shares are mostly held by local investors. But BBVA Banco Provincial, owned by Spain’s Banco Bilbao Vizcaya Argentaria SA also fell. Read more

Original post by The Associated Press