Financial news on June 27, 2009
Business and Financial news
It’s hard not to see an ill-fated stock manipulation case as an example of misplaced priorities at the Securities and Exchange Commission. Read more..
KB Home, the Los Angeles-based home builder that caters to first-time buyers, fell 9.1 percent after reporting a wider quarterly loss than analysts expected. Read more..
Despite losses in the billions this year, Gazprom’s chief executive reaffirmed major commitments to new pipelines. Read more..
Palm, maker of the new Pre smartphone, had its best day in five months in Nasdaq trading after reporting a smaller loss than analysts had estimated and spending less cash. Read more..
A letter to potential buyers said the company intended to make a deal quickly and initial bids were due on July 8. Read more..
TMZ, a celebrity news Web site, reported Michael Jackson’s death well ahead of traditional news outlets, which hesitated to follow suit. Read more..