Thursday, June 14, 2012

Business briefs

Hope floats

Stocks had a rebound rally as investors cheered the potential for more stimulus from the Fed.

Ponzi sweep

The SEC charged 14 sales agents associated with swindler Nicholas Cosmo with misleading more than 5,000 investors in Long Island and elsewhere into buying securities to fuel his $415 million Ponzi scheme.

Facebook

In a study partially commissioned by Facebook, research firm comScore found that being a fan of a brand on Facebook causes people to purchase that brand more frequently.

Walmart

Walmart lawyers flagged Brazil, China, India, South Africa and Mexico, as countries that represent the highest corruption risk in a global review, according to a letter from lawmakers investigating the company.

Women MDs

A new study says women physician-scientists are paid on average about $12,000 less per year than male counterparts. The study’s authors surveyed 800 doctors/researchers who had received prestigious federal grants. Results are published today in the Journal of the American Medical Association.

Reuters

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Facebook, Nicholas Cosmo, comScore, investors, SEC, rebound

Nypost.com

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