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Latest Christopher Cox Stories

2006-02-27 12:32:50

By Karey Wutkowski WASHINGTON (Reuters) - The head of the U.S. Securities and Exchange Commission said on Monday that top officials at the agency were not informed before a regional office took the "highly unusual" step of issuing subpoenas to two journalists in a stock manipulation investigation. In a rebuke to SEC staff in the San Francisco office, SEC Chairman Christopher Cox said "sensitive issues" raised by the subpoenas "should, and will be, considered and decided by the...

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2006-01-22 13:35:00

SAN JOSE, Calif -- A revolutionary technology that could standardize the way corporate results are reported and speed up trading decisions is facing a big problem -- few people are interested. The technology, known as XBRL or Extensible Business Reporting Language, has been around for about eight years and is touted as a development as important for financial reporting as the bar code was for retail pricing. It works by labeling financial information with computer-readable tags so...

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2005-11-29 18:13:34

WASHINGTON -- Corporations would be allowed to post proxy statements and annual reports on Web sites, instead of sending the bulky documents through the mail, under a plan proposed on Tuesday by federal regulators. The U.S. Securities and Exchange Commission voted 5-0 to put the plan out for a 60-day public comment period, with a final vote by the commission expected to follow later. Aimed at saving postage and printing costs, the so-called "e-proxy" measure is also seen as a way to...

2005-11-10 17:18:47

WASHINGTON (Reuters) - Legislation to address "runaway" executive compensation was introduced on Thursday by a group of House Democrats who said companies should fully disclose what they pay their top management. "We are not taking anybody's pay or even setting any limits," Rep. Barney Frank of Massachusetts, the ranking Democrat on the House Financial Services Committee, told a news conference. Rather, he said, the legislation would require that publicly traded companies disclose...

2005-10-16 03:38:34

Correcting name in ninth paragraph By Glenn Somerville XIANGHE, China (Reuters) - U.S. Treasury Secretary John Snow on Sunday opened talks with Chinese officials to try to win more American access to China's booming economy and to take pressure off the hot-button issue of currency reform. Snow, in China on a week-long visit, is participating in sessions of the U.S.-China Joint Economic Commission (JEC) that began shortly after the midday close of a Group of 20 gathering of rich and...

2005-10-16 03:45:19

By Glenn Somerville XIANGHE, China (Reuters) - U.S. Treasury Secretary John Snow on Sunday opened talks with Chinese officials to try to win more American access to China's booming economy and to take pressure off the hot-button issue of currency reform. Snow, in China on a week-long visit, is participating in sessions of the U.S.-China Joint Economic Commission (JEC) that began shortly after the midday close of a Group of 20 gathering of rich and emerging-nation countries near...

2005-10-16 02:39:20

XIANGHE, China (Reuters) - The chairman of the U.S. Securities and Exchange Commission, Christopher Cox, on Sunday pledged swift action against U.S. financial fraud but declined direct comment on teetering broker Refco Inc. On Wednesday the futures and commodities trading firm's chairman, Phillip Bennett, was charged with securities fraud and the company now is on the verge of collapse. Cox was asked about Refco at a press conference just prior to the beginning of meetings of the...

2005-10-03 13:28:36

WASHINGTON (Reuters) - The U.S. Securities and Exchange Commission has returned to investors only a small fraction of the $4.8 billion collected under a post-Enron program for penalizing violators of securities laws and returning the money to those harmed, said a congressional watchdog on Monday. The Government Accountability Office (GAO), Congress' investigative arm, also criticized the SEC for shortcomings in efforts to track collections of fines imposed on violators, as well as...

2005-09-27 01:21:47

By Kevin Drawbaugh and Jeremy Pelofsky WASHINGTON (Reuters) - Senate Majority Leader Bill Frist on Monday defended his recent sale of HCA Inc. stock and said he initiated it months before the hospital company issued a profit warning that drove down its stock price and led to a federal probe of his actions. The statement by the Tennessee Republican -- a potential 2008 presidential candidate -- came as Securities and Exchange Commission Chairman Christopher Cox recused himself from the...

2005-09-26 10:52:29

WASHINGTON (Reuters) - Christopher Cox, chairman of the U.S. Securities and Exchange Commission, said on Monday he has recused himself from an SEC probe of sales of stock in hospital company HCA Inc. by Senate Majority Leader Bill Frist, a former congressional colleague of Cox. "The staff of the Securities and Exchange Commission have commenced a review of sales of HCA stock by a blind trust established by the U.S. Senate Majority Leader," Cox said in a statement. "Because of my...


Word of the Day
call-note
  • The call or cry of a bird or other animal to its mate or its young.
'Call-note' is newer than 'bird-call,' which originally referred to 'an instrument for imitating the note of birds' but now also refers to 'the song or cry of a bird.'
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