Administration Won't Suspend Trading; Rough Ride Retailing (at Barron's Online)

News and commentary about the stocks you need to know about today Administration Won’t Suspend Trading; Rough Ride Retailing WHITE HOUSE DENIES PLAN TO INTERFERE IN MARKET OPS That Silvio Berlusconi. The Italian prime minister seems to have a knack for unleashing a sledgehammer on a problem that more likely needs a scalpel. In a meeting with President Bush, the Berlusconi - likely aware of the decisions to suspend trading in Iceland, Russia and Peru - asked-slash-suggested whether it wouldn’t be appropriate to shut down the global equity trading markets in order to buy time to rewrite some of the rules governing the ailing financial services sector. At least the White House reacted with appropriate horror at the suggestion. It insisted that it wouldn’t do anything to interfere with the functioning of the market. Introducing... [read full story]