Word: settlement
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Yesterday, SEC Commissioner Cox responded to the pressure. The SEC instituted a "Hard T+3 Close-Out Requirement," meaning that short sellers and their broker-dealers must deliver securities by the close of business on the settlement, three days after the sale. It's an answer to previous complaints about the prevalence of so-called "naked" short selling: that is, selling shares that you don't actually have in hand, and have not made arrangements to have. Naked shorting allows traders to potentially manipulate stocks. The SEC is also considering an emergency order forcing hedge funds, which employ short selling...
...that approach risks some loss of flavor. In Life (Fridays, 10 p.m. E.T.; preview debut Sept. 29), Damian Lewis plays Charlie Crews, a cop wrongly convicted of murder who returns from jail with a big cash settlement and a Zen outlook. Because of Lewis' brilliant portrayal of the eccentric Charlie, the show is perfectly enjoyable. It's just not compelling, mainly because the ongoing story of Charlie's search for justice is so isolated from the rest of the show that it seems meant for bathroom and snack breaks. Life could disappear for five years, and I'd probably enjoy...
...Warfield, who filed a gender discrimination lawsuit against the hospital’s CEO and Chief of Surgery last March, received notice last Friday that the defendants’ motions to move the case to arbitration have been denied by the Suffolk Superior Court. Barring a settlement, the case will now go to a trial by jury...
America is the original DIY culture--Do It Yourself. From the first settlement at Jamestown through today, we have been doing things ourselves...
...After a meeting between the two sides in Harare, Tuesday, Tsvangirai said there had been a "positive development," indicating that a settlement might be in the works. The talks had earlier appeared to be on the brink of collapse, as both sides balked at a proposal by the South African mediator, President Thabo Mbeki, for an equal power sharing arrangement. For villages like Mutiusinazitsa, relief from hunger may depend heavily on the troubled talks in Harare reaching a positive conclusion...