Reuters - Toronto's main stock index rose on Monday as strong oil prices pushed up its energy sector and investors showed optimism that the U.S. Federal Reserve will signal steps to boost economic recovery.
Stock Markets
S&P downgrades NYSE Euronext on debt metrics (AP)
AP - Standard & Poor's Ratings Services downgraded its ratings on NYSE Euronext by one notch Monday because of high debt levels held by the New York Stock Exchange parent.
Derma Wand marketer ICTV settles SEC charges (AP)
AP - The company that sells the Derma Wand skin care appliance through TV infomercials has settled civil charges that it falsely inflated its earnings by reporting sales of the anti-aging product while it still sat unsold in the warehouse.
KKR cancels plans for $500 million offering (Reuters)
Reuters - Private equity firm Kohlberg Kravis Roberts & Co said on Monday it has canceled plans to sell $500 million of new common units, less than one month after it listed on the New York Stock Exchange.
Frankfurt stock market bids for China listings (AFP)
SciClone plunges on SEC, Justice Dept. inquiries (AP)
AP - Shares of SciClone Pharmaceuticals Inc. plunged to a year-low on Tuesday after the biotech company said it is facing inquiries by the Securities and Exchange Commission and the U.S. Department of Justice about possible violations of anti-bribery laws overseas.
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