SEC

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Surging Rutgers Stuns No. 13 Pittsburgh

Mississippi St. upsets Mississippi, Richmond shocks No. 16 Dayton

(Newser) - Corey Chandler scored 18 points and Mike Coburn had 17 to lead Rutgers to a 77-64 Big East upset of No. 13 Pittsburgh today, reports the Associated Press. The Scarlet Knights (10-11, 2-6) beat No. 18 Villanova Wednesday. Pitt (16-4, 4-3), which was 11-0 at home coming in, was led...

SEC Opens ABN Amro Insider Trading Probe

European banks' transactions ahead of merger under scrutiny

(Newser) - The US Securities and Exchange Commission has opened an inquiry into possible insider trading surrounding last year's takeover of Dutch bank ABN Amro. Holland's Financieele Dagblad reports that Fortis, Barclays, Santander, and Royal Bank of Scotland—which eventually won the bidding—have been asked for information about trading in ABN...

No. 5 Hoyas Shut Down Notre Dame
No. 5 Hoyas Shut Down Notre Dame
Jan 19, 2008 4:56 PM CST

No. 5 Hoyas Shut Down Notre Dame

Vanderbilt breaks losing streak, Villanova handles Syracuse

(Newser) - No. 5 Georgetown bounced back from its first Big East defeat to beat Notre Dame 84-65 today, reports the Associated Press. Roy Hibbert led the way with 21 points and five assists, but the 7-foot-2 Hibbert contributed the most on defense as his presence in the middle helped hold the...

Merrill Probed for 'Front Running' Trades

SEC looks at insider information sharing on Wall Street

(Newser) - Wall Street’s tarnished image is taking another hit as the SEC takes a look at whether Merrill Lynch put its own trades ahead of those from clients, specifically mutual-fund operator Fidelity Investments, a practice known as front-running, reports the Wall Street Journal. The probe is the newest development in...

Ole Miss Starts Hot, Defeats Limping LSU

Arizona wins at Houston while Clemson tops Florida State in 2OT

(Newser) - Mississippi bounced back from a tough loss at Tennessee Wednesday, and held off feisty LSU 74-71. The Rebels had a 14-point halftime lead and extended that to 22 before an 18-2 run by the Tigers, who played without two starters. Eniel Polynice and Chris Warren each had 15 points for...

No. 1 UNC Blasts Rival NC State
No. 1 UNC Blasts Rival
NC State
Jan 12, 2008 10:36 PM CST

No. 1 UNC Blasts Rival NC State

Kentucky upsets No. 13 Vanderbilt, No. 11 Texas A&M cruises

(Newser) - No. 1 North Carolina matched its fastest start since 1997-98 with a 93-62 blowout of North Carolina State Saturday, reports the Associated Press. The Tar Heels are 17-0 after scoring 25 straight points in the first half against the Wolfpack. Deon Thompson and Ty Lawson led NC with 16 points...

No. 8 Vols Give No. 16 Ole Miss First Loss

No. 1 UNC stays undefeated; Charlotte upsets Clemson

(Newser) - No. 8 Tennessee became the first team to beat conference rival No. 16 Mississippi this season after Tyler Smith hit a layup with less than 5 seconds for an 85-83 win. Ole Miss (13-1) went on a 23-7 run to make the score 83-79 with 2:22 remaining but couldn’...

LSU Roars Past Ohio State for National Title

Coach Les Miles' squad scores 31 unanswered points after trailing early

(Newser) - Ohio State coach Jim Tressel must have felt a sense of deja vu last night: his team played poorly and lost to a Southeastern Conference team in the BCS title game—just as it did in January 2007. This year's opponent, LSU, beat the Buckeyes, 38-24, backed by four TD...

No. 19 Clemson Routs Stunned Alabama 87-61

Crimson Tide suffer worst loss since 2000 as defense crumbles

(Newser) - The Alabama Crimson Tide collapsed utterly in the second half of tonight's game against Clemson, allowing the Tigers to go on a 17-4 run en route to an 87-61 thumping. Clemson led by as many as 31 points, fueled by 58% shooting after intermission and a perfect free-throw record, reports...

Miss. State Slips Past UCF 10-3
Miss. State Slips Past UCF 10-3
Dec 29, 2007 10:39 PM CST

Miss. State Slips Past UCF 10-3

Knights fall just short in defense-dominated Liberty Bowl

(Newser) - The UCF and Mississippi State punters got a lot of work today in what started out as the lowest-scoring Liberty Bowl in a half century, and ended up as a 10-3 victory for the Bulldogs. The defenses put in a solid day's work as well, with MSU holding Central Florida...

SEC Probes WaMu Home Loans
SEC Probes WaMu Home Loans
Dec 21, 2007 4:06 AM CST

SEC Probes WaMu Home Loans

Investigators focus on charges that appraisals were inflated

(Newser) - Washington Mutual, one of America's largest mortgage lenders and the biggest savings and loan in the nation, is under investigation by the Securities and Exchange Commission, reports the Wall Street Journal. Regulators suspect some WaMu mortgages were based on inflated appraisals. WaMu, bloodied by the subprime mortgage crisis, lost $348...

Feds Investigate Bear Stearns Fund Manager

Insider-trading probe targets $2M move ahead of fund collapse

(Newser) - The manager of hedge funds that lost $1.6 billion when they went bankrupt in July has left Bear Stearns, and federal investigators are looking into whether he withdrew his own money before the collapse. Ralph Cioffi moved $2 million in March—before the funds tanked in the subprime collapse—...

SEC Web Push Faces Hurdles
SEC Web Push Faces Hurdles
Nov 24, 2007 9:16 AM CST

SEC Web Push Faces Hurdles

Cox's tech crusade meets resistance from older shareholders, bureaucrats

(Newser) - SEC Chairman Christopher Cox's campaign to make corporate information available to investors electronically sounds like a no-brainer, but it's beset with resistance on multiple fronts. That's because such proposals as online shareholder forums and making corporate data interactive—which would allow investors to sort and compare information—could give an...

Tide Coach Compares 9/11, Pearl Harbor to Alabama Loss

Argues catastrophe breeds resolve

(Newser) - Alabama Coach Nick Saban may have pushed the metaphor too far, raising the specters of some of the darkest moments in American history in reference to Saturday's humiliating loss to LA-Monroe. "Changes in history usually come from a catastrophic event...it may be 9/11...Pearl Harbor kind of got...

BEA Posts 59% Jump in Profit
BEA Posts 59% Jump in Profit
Nov 16, 2007 8:14 AM CST

BEA Posts 59% Jump in Profit

Company hopes better-than-expected Q3 will draw higher bids than Oracle's

(Newser) - BEA Systems reported earnings up 59% in the third quarter yesterday, in the first audited quarterly statements released in over a year. The San Jose-based company's financials have been held up by a reporting dispute with the SEC. BEA hopes the higher-than-expected results will boost its case that the company...

E*Trade Stock in $2B Free Fall
 E*Trade Stock in $2B Free Fall
Nov 13, 2007 2:47 AM CST

E*Trade Stock in $2B Free Fall

59% of value wiped out after analyst warns of subprime woes

(Newser) - Online brokerage pioneer E*Trade has been caught in the subprime mortgage crisis. Its shares fell 59% yesterday, wiping out $2.2 billion of its market value, reports the Wall Street Journal. Although its core business is discount brokerage, it is also a bank and has $12.4 billion in home...

Kansas Tanks OSU 43-28 to Stay Perfect

Oklahoma, Missouri, LSU all to move up in the polls after victories

(Newser) - In a college football season rife with upsets, Kansas University justified its No. 4 ranking with a 43-28 win over Oklahoma State, the Kansas City Star reports. Now 10-0 for the first time since 1899, the Jayhawks have a legitimate shot at a national title. Other teams moving up in...

No Upsets in BBall Openers
No Upsets in BBall Openers
Nov 10, 2007 6:39 AM CST

No Upsets in BBall Openers

UCLA, A&M, Arkansas, Washington State, Stanford all handily take opponents down

(Newser) - The second-ranked UCLA men's basketball team made quick work of the Portland State Vikings last night, winning 69-48. The much-anticipated debut of Kevin Love helped the Bruins surge to a 36-17 halftime lead; Love ended up with 22 points and 13 rebounds, reports the AP. In other Top-25 openers:

Rubin Named Chairman of Citigroup
Rubin Named Chairman of Citigroup
Nov 4, 2007 6:00 PM CST

Rubin Named Chairman of Citigroup

Prince out; company to report $8-11B more in writedowns

(Newser) - Citigroup CEO and Chairman Charles Prince resigned today, clearing the way for former US Treasury Secretary Robert Rubin to be named chairman, the Wall Street Journal reports. Sir Win Bischoff was named interim chief executive. Citigroup also plans to report $8-$11 billion in mortgage-related writedowns, on top of the $2....

Merrill Hedging Prompts Inquiry
Merrill Hedging Prompts Inquiry
Nov 2, 2007 7:55 AM CDT

Merrill Hedging Prompts Inquiry

SEC seeks info on delayed mortgage reckoning

(Newser) - Merrill Lynch, still reeling from an $8.4 billion write-down on mortgage-related losses last month, has been making deals with hedge funds that may have been calculated to keep further losses out of investors' view, the Wall Street Journal reports. The move has attracted the attention of the SEC, which...

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