| Spammers cashing in on pump-and-dump stock scams
Spam that contains fraudulent stock information has been proven to influence the financial markets, German researchers have found. So-called "pump-and-dump" scams, where spammers send out false stock information to encourage people to buy shares, were found to both increase the traded volume and artificially boost the share price, said researchers from Technische Universitat Dresden this week. In a typical case, share prices increase by around 500 per cent, the researchers claimed. Three groups of people are involved in the trading. The spammers themselves benefit by quickly selling pre-bought shares, once 'naive traders' have pushed up the share price by buying on the advice of the spam. The third group, dubbed "smart" traders, recognise that a scam is being attempted and "jump on the bandwagon" before also quickly disposing of shares, according to researcher Rainer Bhme.
Contracting Success
Zambrana, whose company is No. 145 on the Hispanic Business 500 directory of largest Hispanic-owned companies and a member of Hispanic Business' Redwire network. "It gives you a look at the process and requirements before actually getting into the contract itself." Pangea Group is one of thousands of Hispanic-owned companies competing for a slice of federal funding each year. And the competition is fierce: From 1996 to 2001, the percentage of federal contracts awarded to Hispanic-owned companies fell to 24.4 percent from 27 percent an estimated $370.5 million less. Still, some Hispanic-owned businesses such as Pangea Group have learned how to tap federal dollars consistently, and say the learning process is key to success. Mr. Zambrana says mentorships have been an invaluable part of that process.
South, Southeast Asian Countries Battle Bird Flu Outbreaks
South and Southeast Asian countries are grappling with new outbreaks of bird flu as winter weather sweeps across the region. As Anjana Pasricha reports from New Delhi, the latest outbreaks are still confined primarily to poultry, but one new human death has been reported in Vietnam. Health officials in India, Bangladesh, Thailand and Vietnam have ordered the culling of millions of chickens as they attempt to control fresh outbreaks of bird flu. .
TradeKing CEO to Offer Perspective on the Growing Opportunity in ...
BOCA RATON, Fla., Nov. 19 /PRNewswire/ -- TradeKing (www.tradeking.com), a nationally licensed online broker dealer, today announced that its Chairman and CEO Donato Montanaro will be a featured speaker on "The Retail Business" panel during the 23rd Annual Futures and Options Expo taking place November 27-29 in Chicago. Montanaro and the panel participants will discuss the growth of options trading among individual investors and the various approaches brokerage firms are taking to offering options to the retail trader, comparing traditional business models with those of new entrants. He will be joined on his panel by brokerage executives from TD Ameritrade, Merrill Lynch, Optionshouse and OptionsXpress. For more information, visit: http://www.futuresindustry.org/expo-2007.asp.
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