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Paul Dykewicz

Stocks Dip as Thanksgiving Weekend Sales Lag

Shoppers spent less than a year ago during the Thanksgiving weekend and that slippage weighed stocks down on Monday.

Madoff’s Fake Trading Was Obvious, Ex-Finance Chief Testifies

Bernard Madoff’s finance chief, who pleaded guilty to aiding in a $17-billion fraud, said he could tell right away that fake trades were made in customer accounts in 1975 when he joined the firm after high school.

Dow and S&P 500 hit records, Nasdaq lifted by tech

The Dow Jones Industrial Average (DJI) and the S&P 500 Index (SPX) closed at record highs today as Hewlett-Packard shares soared 9 percent to lead the rise just a day after the personal computer maker reported stronger-than-expected earnings, while the Nasdaq (IXIC) reached a 13-year high.

Nasdaq closes above 4,000 for first time in 13 years

The stock market made history again today wnen the Nasdaq composite index finished above 4,000 for the first time since 2000 and the Dow Jones Industrial Average kept rising to set a new record-high close.

Dow ends at record high; Nasdaq loses grip on 4,000

The Dow industrials eked out a slim gain to close at a new record high today but the Nasdaq was unable to hold onto the 4,000 mark that it reached for the first time in 13 years as it retreated just below that level, despite gaining ground for the day. The S&P 500 Index fell short of break even today.

RBS Appoints Clifford Chance Law Firm to Probe its Lending Practices

Royal Bank of Scotland Group Plc (RBS) chose a law firm, Clifford Chance LLP, to investigate whether the banking company tried to boost its profits by pushing companies that owed it money into financial difficulties. RBS took the action today after a report by Lawrence Tomlinson, chairman and founder of LNT Group Ltd., said that once companies were in default, the bank could charge them advisory fees and buy their assets at reduced prices.