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SEC weighs requiring brokers to identify where trades made: Bloomberg

The headquarters of the U.S. Securities and Exchange Commission are seen in Washington(Reuters) - The U.S. Securities and Exchange Commission is weighing a proposal that would require brokers to tell investors exactly where their stock trades are executed, Bloomberg reported on Saturday. The proposed requirement would give investors more clarity on whether they were getting the best prices for the buy and sell orders they entrust to brokers, who can choose from dozens of stock exchanges and private venues, the report said, citing three people familiar with the matter. The SEC, which is the regulator in charge of analyzing the stock market's structure, is reviewing all aspects of how stocks are traded and seeking to identify changes that could quickly be implemented, the report said. An SEC spokesman could not be reached on Saturday.

'Slumping' Barbie sales hurt toy giant Mattle's Q1 earnings

New York, Apr 19 (ANI): Toymaker Mattle's sales of its iconic Barbie dolls have reportedly tumbled 14 percent in the first quarter. According to New York Daily News, the company's worldwide sales fell 5 percent to 946.2 million dollars and Mattel Inc. reported a net loss of 11 million dollars. Meanwhile, senior research analyst Stephanie Wissink at Piper Jaffray said that Barbie is competing with a lot of other girl brands that didn't exist previously. Meanwhile, Toymaker Mattel said that weak sales of Barbie and markdowns to clear out excess inventory left over from a sluggish holiday season led to an unexpected first-quarter loss of 11 million dollars, adding that in the all-important holiday quarter, its net sales had fallen 6 percent, the report added.

5 features an Amazon phone might offer

FILE - This Sept. 28, 2011 file photo shows the Amazon logo on display at a news conference in New York. Rumors of an Amazon smartphone reached a fever pitch this week, with several tech blogs speculating that the device could be due out this year. (AP Photo/Mark Lennihan, File)NEW YORK (AP) ? A report this week in The Wall Street Journal that Amazon is planning to release a smartphone has prompted industry analysts and technology blogs to muse about what the device might offer.

Providence, RI, sues firms over stock trades

Providence, R.I., is suing dozens of Wall Street banks and other financial companies over high-frequency trading.

Exchanges, brokerages hit with high-speed trading class action

Dozens of the largest U.S. stock exchanges, brokerages and high-frequency trading firms were hit with a class action lawsuit by the capital of the state of Rhode Island, accusing them of manipulating the U.S. securities markets. The lawsuit was filed on Friday in Manhattan federal district court, as the high-speed trading industry came under greater scrutiny following the publication last month of author Michael Lewis' book "Flash Boys: A Wall Street Revolt." A number of regulators have said they are probing the industry, including the Justice Department, Securities and Exchange Commission and Commodities Futures Exchange Commission. The proposed securities class action was brought by the city of Providence, Rhode Island, on behalf of investors who bought stock in the United States from April 2009 to present. The lawsuit targets stock exchanges operated by BATS Global Markets Inc, Chicago Board Options Exchange, NASDAQ OMX Group Inc and Intercontinental Exchange's New York Stock Exchange, accusing them of engaging in a fraud designed to manipulate the markets.

Nikkei hits 10-day closing high on upbeat U.S. earnings, data

Man looks at an electronic board displaying Japan's Nikkei average and various countries' stock indices outside a brokerage in TokyoTOKYO (Reuters) - REUTERS - Japan's Nikkei stock average rose 0.7 percent on Friday to its highest close in 10 days, buoyed by upbeat U.S. economic data and corporate earnings, though trading volume hit its lowest in almost 1-1/2 years as many overseas markets were closed for Easter. The Nikkei finished at 14,516.27, chalking up a weekly gains of 4 percent, its biggest since November, although that came after it had suffered its biggest loss in three years in the previous week. The broader Topix rose 0.6 percent to 1,173.37. The JPX-Nikkei Index 400 advanced 0.6 percent to 10,677.80. ...

Asian stocks mostly higher after mixed US earnings

BEIJING (AP) ? Asian stocks were mostly higher Friday despite mixed U.S. earnings reports with many of the region's exchanges closed for Good Friday.

Nikkei gains on upbeat U.S. corporate earnings, data

Man looks at an electronic board displaying Japan's Nikkei average and various countries' stock indices outside a brokerage in TokyoBy Ayai Tomisawa TOKYO (Reuters) - Japan's Nikkei share average advanced on Friday after upbeat U.S. economic data and corporate earnings bolstered investors' risk appetite. The Nikkei was up 0.4 percent at 14,474.83 in midmorning trade after ending flat at 14,417.53 the previous day.

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