UpInArms
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Thu Jul-19-07 07:35 AM
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| 15. Dow Jones director Li may face charges in U.S. probe |
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http://www.reuters.com/article/businessNews/idUSWEN9397... HONG KONG (Reuters) - Dow Jones & Co. Inc. (DJ.N: Quote, Profile, Research) board member David Li, a prominent Hong Kong banker, may face civil charges in a U.S. Securities and Exchange Commission insider trading investigation linked to News Corp.'s (NWSa.N: Quote, Profile, Research) $5 billion bid for the U.S. media company.
Li, who is chairman and chief executive officer of Bank of East Asia (0023.HK: Quote, Profile, Research), denied on Thursday any wrongdoing.
"I have broken no laws and deny the apparent allegations being made by the staff of the Commission. If the Commission does commence proceedings against me, I will defend myself vigorously," Li, 68, said in a statement issued by the bank.
The SEC's notice to Li comes at critical moment for Dow Jones, which on Tuesday endorsed the $60 a share buyout offer from News Corp. Chairman and Chief Executive Rupert Murdoch. The board's approval sends the deal to Dow Jones' controlling Bancroft family for final approval.
Bank of East Asia said on Thursday in Hong Kong that Li received a so-called Wells notice indicating that the SEC was considering recommending a civil enforcement action against him for alleged breaches of U.S. securities laws.
...more...
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| -STOCK MARKET WATCH, Thursday July 19 |
UpInArms |
Jul-19-07 07:00 AM |
#0 |
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Thanks UIA, we armature economists love this post. |
fasttense |
Jul-19-07 07:04 AM |
#1 |
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Ozy's internet connection died |
UpInArms |
Jul-19-07 07:06 AM |
#3 |
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OK, that sucks |
Warpy |
Jul-19-07 09:08 AM |
#29 |
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Is that amateur or arm chair economists? |
TheBorealAvenger |
Jul-19-07 12:00 PM |
#39 |
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Hiya TheBorealAvenger! |
UpInArms |
Jul-19-07 01:03 PM |
#44 |
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Today's Market WrapUp |
UpInArms |
Jul-19-07 07:05 AM |
#2 |
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Today's Reports: |
UpInArms |
Jul-19-07 07:11 AM |
# |
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Initial Claims in at 301,000 |
UpInArms |
Jul-19-07 07:33 AM |
#14 |
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July Leading Indicators fall 0.3% |
UpInArms |
Jul-19-07 09:11 AM |
#30 |
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U.S. Economic Growth Slowing |
Ghost Dog |
Jul-19-07 10:37 AM |
#35 |
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July Philly Fed in at 9.2 - down from 18 in June (sucking pondwater) |
UpInArms |
Jul-19-07 11:05 AM |
#37 |
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FOMC - don't worry be happy! |
UpInArms |
Jul-19-07 01:03 PM |
#43 |
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Market Watch |
Buttercup McToots |
Jul-19-07 07:11 AM |
#4 |
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Yes: signs of the times. But the "all-too-real war" (in Iraq) is not war. |
Ghost Dog |
Jul-19-07 07:43 AM |
#16 |
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Asian Stocks Rise for First Day in Four |
Ghost Dog |
Jul-19-07 07:11 AM |
#5 |
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China's Economy Grows at Fastest Pace in 12 Years |
Ghost Dog |
Jul-19-07 07:23 AM |
#11 |
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Steel and finance bolster Tokyo shares |
Ghost Dog |
Jul-19-07 08:52 AM |
#25 |
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Chinese city banks make debut splash |
Ghost Dog |
Jul-19-07 08:54 AM |
#27 |
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European stocks recover |
Ghost Dog |
Jul-19-07 07:12 AM |
#6 |
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Bourses extend gains on strong earnings |
Ghost Dog |
Jul-19-07 03:52 PM |
#50 |
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FTSE ends higher after miners rise |
Ghost Dog |
Jul-19-07 03:52 PM |
#51 |
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Credit Suisse sees big stock market fall in 6 mths |
Ghost Dog |
Jul-19-07 07:14 AM |
#7 |
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It's gonna go up, then it's gonna go down, then a longer bull market will resume |
TheBorealAvenger |
Jul-19-07 12:09 PM |
#40 |
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This fall, will be this fall. It will be ginourmous. |
Neshanic |
Jul-19-07 12:21 PM |
#41 |
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And somehow reflected in the futures prices...more shrugging |
TheBorealAvenger |
Jul-19-07 12:25 PM |
#42 |
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dollar watch |
UpInArms |
Jul-19-07 07:16 AM |
#8 |
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Future euro strength a worry - EU's Almunia |
Ghost Dog |
Jul-19-07 07:18 AM |
#9 |
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$80.18 at 9:27am |
DemReadingDU |
Jul-19-07 08:27 AM |
#18 |
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Canada's Dollar Approaches 30-Year High After Wholesale Sales |
Ghost Dog |
Jul-19-07 08:29 AM |
#19 |
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Daily Pfennig 7/19/07: The Time to Buy Is Now... |
mojavekid |
Jul-19-07 10:13 AM |
#33 |
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FXCM SSI: Nearly 74 percent of Retail Traders Remain Short Euros |
Ghost Dog |
Jul-19-07 10:46 AM |
#36 |
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Sterling slips after below-consensus UK retail sales |
Ghost Dog |
Jul-19-07 10:35 AM |
#34 |
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Dollar edges lower amid housing market concerns |
UpInArms |
Jul-19-07 01:10 PM |
#46 |
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China GDP growth jumps to 11.9 percent |
UpInArms |
Jul-19-07 07:21 AM |
#10 |
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OMG. And to think we're surging in the opposite direction. |
Gregorian |
Jul-19-07 11:36 AM |
#38 |
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Ex-press baron Black seeks freedom before sentence |
UpInArms |
Jul-19-07 07:23 AM |
#12 |
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Bruised Bear hedge fund investors mull legal action |
UpInArms |
Jul-19-07 07:24 AM |
#13 |
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Dow Jones director Li may face charges in U.S. probe |
UpInArms |
Jul-19-07 07:35 AM |
#15 |
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Economists see aid to poor nations as ineffective |
Ghost Dog |
Jul-19-07 08:19 AM |
#17 |
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9:32 EST and the markets open with a surge of love |
UpInArms |
Jul-19-07 08:33 AM |
#20 |
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Losing the American dream |
DemReadingDU |
Jul-19-07 08:34 AM |
# |
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Something about this article doesn't ring true.... |
KoKo01 |
Jul-19-07 09:22 AM |
#31 |
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Yeh, where are they getting those income numbers? |
DemReadingDU |
Jul-19-07 09:51 AM |
#32 |
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Wait a second... |
Prag |
Jul-19-07 02:52 PM |
#48 |
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...and #5 |
Viva_La_Revolution |
Jul-19-07 08:34 AM |
#21 |
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"Chopper" Ben goes on autopilot drone for Capitol Hill testimony |
UpInArms |
Jul-19-07 08:37 AM |
#22 |
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Subprime losses could cost $100 billion-Bernanke |
UpInArms |
Jul-19-07 01:08 PM |
#45 |
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Bank of America profit up 5 pct, bad loans soar |
UpInArms |
Jul-19-07 08:41 AM |
#23 |
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Harley calls consumer credit picture 'challenging' |
UpInArms |
Jul-19-07 08:42 AM |
#24 |
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MW: Gold futures edge up; copper rallies |
mojavekid |
Jul-19-07 08:53 AM |
#26 |
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Tin rises to an all-time high |
Ghost Dog |
Jul-19-07 03:54 PM |
#52 |
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LAT: Housing skid beginning to affect Southland rents |
mojavekid |
Jul-19-07 09:08 AM |
#28 |
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14,000! Closing above the 14K today? |
Nimrod2005 |
Jul-19-07 02:25 PM |
#47 |
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here you go 14,000.41 Dow Closed |
UpInArms |
Jul-19-07 03:14 PM |
#49 |
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Let's see.... |
AnneD |
Jul-19-07 08:06 PM |
#53 |
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