Financial News

MBB: Justin Forrest Earns Trio of Awards for Weekend Performance
December 24, 2019
AP-NC Newswatch
December 24, 2019
Financial News

 

 

 

Global stocks mixed … Judge strikes down NYC rule limited for-hire cruising … Ex-CEO and employee of broker-dealer firm arrested

 

BANGKOK (AP) – Global stocks were mixed today after stocks closed modestly higher on Wall Street, extending the major indexes’ milestone-shattering run. European markets opened flat today in what will be a shortened trading day. Britain’s FTSE 100 inched up 4 points while the CAC 40 in Paris added less than 0.1%. Earlier in Asia, Tokyo’s Nikkei 225 closed less than 0.1% higher while the Shanghai Composite index gained 0.7%. Hong Kong’s Hang Seng shed 0.2% and Seoul’s Kospi declined 0.6%. Wall Street is expected to open slightly higher, with Dow and S&P futures up less than 0.1%.

 

NEW YORK (AP) – A state judge has struck down a New York City rule that, beginning next year, would have limited how much time Uber, Lyft and other for-hire vehicles could spend without passengers in the busiest parts of town. State Supreme Court Judge Lyle Frank in his decision Monday called the city’s rules “arbitrary and capricious.”

 

NEW YORK (AP) – The former chief executive and an employee of a broker-dealer firm were arrested on charges that they submitted false reports to U.S. regulators and then lied to try to cover it up. Alan Seidel, the former CEO of Seidel & Co. Benjamin Mekaway were arrested Monday. Seidel & Co. was a Manhattan-based firm registered with the Securities and Exchange Commission. Federal authorities say the men submitted false reports about the firm’s net capital to make it seem it did not have more debt than the SEC permitted.

 

LAPLACE, La. (AP) – A London-based group says it has been named the preferred buyer for a Louisiana steel mill that shut down abruptly in the fall, putting 376 people out of work. Liberty Steel Group says it offered $28 million cash for Bayou Steel Group, which announced the shutdown Sept. 30. Liberty says it plans to upgrade and modernize the mill in LaPlace and hopes to resume recycling in the second half of 2020 and steel making by 2021. 

 

SAN FRANCISCO (AP) – Some coffee houses in San Francisco are doing away with to-go cups in an effort to reduce waste. They’re using everything from glass jars to rental mugs. And what started as a small trend among neighborhood cafes is gaining support from some big names in the city’s food and coffee world. The Oakland-based Blue Bottle chain says it’s getting rid of disposable cups at two locations next year, as part of a pledge to go “zero-waste” at its 70 U.S. locations by the end of 2020.

 

 

AP-WF-12-24-19 1144GMT