SEC Files Suit Over ‘Suspicious’ Buys Before Acquisitions Last Update: 7/25/2008 1:18:39 PM By Chad Bray Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)–The U.S. Securities and Exchange Commission filed a civil insider-trading lawsuit Friday over “highly profitable and highly suspicious” purchases of call options in DRS Technologies Inc. (DRS) and American Power Conversion Corp. [...] Read Full Story

Foreclosure Numbers Detail More Pain To Come Last Update: 7/25/2008 2:18:19 PM By Dawn Wotapka and Aparajita Saha-Bubna Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)–In yet more bad news for U.S. homeowners and the banks that snapped up securities backed by mortgages, RealtyTrac detailed Friday how the foreclosure epidemic is worsening. RealtyTrac, a leading [...] Read Full Story

US Coal Stocks Rebound On Strong 2Q Results, Analyst Views Last Update: 7/25/2008 1:42:59 PM DOW JONES NEWSWIRES Coal producers are having a good day in the market following Arch Coal Inc.’s (ACI) report Friday that second-quarter net income more than tripled, while smaller firm International Coal Group Inc. (ICO) received positive comments about its results. As oil [...] Read Full Story

U.S. stock indexes pare early losses By Kate Gibson, MarketWatch Last Update: 7/22/2008 10:38:00 AM NEW YORK (MarketWatch) — U.S. stocks scaled back early losses Tuesday as the price of crude dipped more than $4 a barrel, countering earnings results and guidance from American Express Co., Apple Inc. and Wachovia Corp. that intensified worries about the economy. “Equities were dented by weak [...] Read Full Story

NEW YORK (Dow Jones)–It appears Verizon Wireless doesn’t need the iPhone after all. The wireless carrier - a joint venture between Verizon Communications Inc. (VZ) and Vodafone Group PLC (VOD) - said Tuesday that it added 1.5 million net new customers in the second quarter, a tick higher than Wall Street expectations. The number indicates it is taking a larger [...] Read Full Story

WASHINGTON (Dow Jones)–U.S. home prices fell 0.3% from April to May, the Office of Federal Housing Enterprise Oversight said Tuesday. Additionally, the government agency, which overseas mortgage finance giants Fannie Mae (FNM) and Freddie Mac (FRE), said U.S. home prices fell 4.8% for the 12 months ending in May. OFHEO’s monthly index is based on the purchase prices of houses [...] Read Full Story

LONDON (MarketWatch) — Marketing and corporate communications company Omnicom Group Inc said Tuesday that its second-quarter net income rose 11% to $307 million, or 96 cents a share, from $276.7 million, or 84 cents a share, a year earlier. Revenue for the quarter also rose 11% to $3.48 billion. Analysts polled by FactSet were expecting earnings of 96 cents [...] Read Full Story

DOW JONES NEWSWIRES Legg Mason Inc.’s (LM) Capital Management unit - which owns 4.4% of Yahoo Inc.’s (YHOO) outstanding shares - plans to vote in favor of Yahoo’s proposed slate of directors at the annual meeting in August, defying Carl Icahn’s efforts to replace the board with his own slate after Yahoo rejected a takeover by [...] Read Full Story

LONDON, July 18 (Reuters) - Stocks trimmed earlier losses and the dollar rose while European government bond futures hit session lows on Friday after Citigroup (C) reported better-than-expected results for the second quarter. Citi reported a second-quarter loss per share of $0.49, higher than forecasts of around $0.61-67. It took credit costs of $7.2 billion [...] Read Full Story

Reports Q2 (Jun) loss of $0.49 per share from continuing operations, $0.17 better than the First Call consensus of ($0.66); revenues fell 29.2% year/year to $18.65 bln vs the $17.55 bln consensus. Co said that results in the core franchise were offset by write-downs and credit costs. Results include $7.2 billion in pre-tax write-downs in [...] Read Full Story