Koizumi supports plan to restrict off-hours stock trading (Kyodo via Yahoo! Asia News)
_ Prime Minister Junichiro Koizumi voiced support Thursday for a government plan to revise the Securities and Exchange Law in the wake of Livedoor Co.'s surprise acquisition of a major stake in Nippon Broadcasting System Inc. through off-hours trading.
Off-hours trading limits eyed (Daily Yomiuri Online)
The Financial Services Agency obtained basic approval Wednesday from panels of the Liberal Democratic Party for tightening regulations on off-hours stock trading by making purchases resulting in more than a third of a company's shares subject to takeover bid rules.
Japan to apply public-tender-offer rules to off-hours stock trading (Kyodo via Yahoo! Asia News)
_ The Financial Services Agency plans to apply rules for public tender offers, which require public announcement of details of the offers, to acquisitions of a one-third or greater stake in a company through off-hours trading in Japan, FSA sources said Tuesday.
Biogen denies insider trading before stock slide (EARTHtimes.org)
Biogen Indec Inc. today denied that its executives had information about the drug s reported side effects before selling their stock in the market.
PFSweb Breaks Through to Profitability in 2004 - Record Revenue and Net Income of $1.1 Million Highlight Fourth Quarter (PR Web)
PFSweb, Inc. (NASDAQ: PFSW), which IPO'd in December 1999, reports its first profitable year and sustainable profitability, with record revenue and net income for the Fourth Quarter. The share price, $3.28 at the market close, zoomed up in after-hours trading: After Hours (RT-ECN): 3.80 0.52 (15.85%). The global business process outsourcer (BPO), is known for e-commerce fulfillment and supply
Wall Street breaks to new highs, sees economy in high gear (AFP via Yahoo! News)
The stock market is pushing into territory not seen in nearly four years, with Wall Street traders optimistic that the US economy is in a groove of growth with only modest inflationary pressure.
Business Right Now (resending to update Martha Stewart item) (KBCI Boise)
NEW YORK (AP) _ The stock market has seen rather lackluster and uneven trading this week, with mixed economic data adding volatility. Analysts say investors were in a holding pattern ahead of the latest monthly report on jobs creation being released today (Friday).
FSA seeks to slap public tender offer rules on off-hours trading (The Japan Times)
The Financial Services Agency plans to apply public tender offer rules, which require public announcement of details of the offers, to acquisitions of a one-third or greater stake in a firm through off-hours trading in Japan, FSA sources said Tuesday.