| Congressmen sound off against SEC in Madoff affair
(AP)  AP - Republican and Democratic House members said Monday that the alleged $50 billion fraud involving Wall Street figure Bernard Madoff reflects deep, systemic problems at the Securities and Exchange Commission.
Investors collect profits after last week's rally
(AP) AP - Caution returned to Wall Street Monday as investors gave back some gains from last week's rally even as they found encouragement from President-elect Barack Obama's calls for an economic stimulus package.
Apple, Tyson, Barnes & Noble are big movers
(AP)AP - Stocks that moved substantially or traded heavily Monday on the New York Stock Exchange and Nasdaq Stock Market:
Stocks slip on telecom and financials; Apple jumps
(Reuters) Reuters - Stocks fell on Monday as investors booked profits after last week's run-up, while concerns about slowing cell phone sales hit shares of the biggest telecommunications companies.
FTSE-100 index up 17.85 points at 4,579.64
(AP)AP - Share prices on the London Stock Exchange were higher at close Monday.
European, US markets mixed as caution dominates
(AP) AP - World stock markets were mixed Monday as investors started the first full trading week of the New Year, relieved that 2008 is behind them but fully aware that the economic picture around the world is grim and will likely remain so for quite some time.
FTSE shares rise
(AFP) AFP - Shares in London ended higher on Monday after global markets advanced in the new year despite more gloomy economic news.
World stocks climb on US revival hopes
(AFP) AFP - World stock markets rose on Monday, with Tokyo hitting the highest level for almost two months as investors hoped that the US economy would start to recover this year after a dire 2008.
U.S., Germany mull tax cuts
(Reuters) Reuters - The prospect of new tax cuts in the United States and Germany injected a measure of New Year cheer on Monday, even as automakers wrapped up 2008 as their worst in more than 15 years with yet another month of slumping U.S. sales.
Regulators probed Madoff eight times over 16 years: report
(Reuters) Reuters - Bernard L. Madoff Investment Securities LLC was examined at least eight times in 16 years by the U.S. Securities and Exchange Commission (SEC) and other regulators, who often came armed with suspicions, the Wall Street Journal said.
Hong Kong's main stock index rises 3.5 percent
(AP)AP - Hong Kong's key stock index rose 3.5 percent Monday, lifted by Wall Street's strong finish and hopes for more government measures to boost China's economy.
London market up
(AFP) AFP - The London stock market opened higher on Monday after global markets started the new year on Friday with a strong advance despite more gloomy economic news.
SEC Must ‘Defend Its Existence’ After Madoff Lapses
(Bloomberg)Bloomberg - Jan. 5 (Bloomberg) -- The U.S. Securities and Exchange
Commission may come under fire from lawmakers today for failing
to quash Bernard Madoff’s alleged $50 billion Ponzi scheme after
an investor alerted the agency to the suspected fraud.
Japanese stocks open year sharply higher
(AP) AP - Japanese stocks opened the year stronger, with the benchmark index jumping to a 2-month high Monday, lifted by optimism over a U.S. economic stimulus plan. Friday's rally on Wall Street also buoyed confidence.
Wall Street braces for 2009's first full week
(AP) AP - Wall Street will open for trading Monday at a two-month high as investors have grown more optimistic that the worst of the market's rout might be over. But, analysts contend, the real test is still to come.
Tokyo stock index rises above 9,000 level
(AFP) AFP - Japanese share prices moved higher Monday, with the benchmark Nikkei-225 index rising above the psychologically-important 9,000 level for the first time since November 11 in early trading.
Market rally faces first New Year tests
(Reuters) Reuters - Wall Street's bid to rally from its worst year since the 1930s will be tested this week by the new year's first wave of likely dismal corporate news and possible roadblocks to President-elect Barack Obama's stimulus plan.
Cox's reign seen denting own image, SEC's future
(Reuters) Reuters - Christopher Cox will most likely be remembered as the regulator who was unable to do enough to protect investors during the worst financial crisis since the Great Depression.
US stocks face headwinds despite New Year rally
(AFP) AFP - US stocks may have started the New Year with a bang but experts see major headwinds for the market as the new administration of Barack Obama moves rapidly to eject the economy from prolonged recession.
London FTSE off to a flier
(AFP) AFP - London shares started the year on a bright note Friday, with miners leading the risers, despite more negative economic news.
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