Proxy advisory firm settles SEC charges over data breach

By Sarah N. Lynch WASHINGTON (Reuters) – Institutional Shareholder Services has settled civil charges by U.S. regulators that an employee of the prominent proxy advisory firm shared nonpublic voting data in exchange for meals and concert tickets. The Securities and Exchange Commission said on Thursday that ISS, a unit of MSCI Inc, will pay a $300,000 penalty and hire an independent compliance consultant. In settling, ISS neither admitted nor denied the SEC allegations that it violated financial adviser rules designed to prevent misuse of material non-public customer information. … Read more here: Proxy advisory firm settles SEC charges over data breach

Golf-Palmer takes early control with birdie fest at Colonial

May 23 (Reuters) – American Ryan Palmer took advantage of ideal scoring conditions and local knowledge with a birdie fest as he charged into an early two-shot lead in Thursday’s opening round of the Crowne Plaza Invitational in Fort Worth, Texas. The 36-year-old Texan piled up eight birdies on the way to a flawless eight-under-par 62 on a relatively calm morning at iconic Colonial Country Club, matching the lowest first round ever recorded at the long established PGA Tour event. … Read more here: Golf-Palmer takes early control with birdie fest at Colonial

Sugar water injections may help ease knee pain

By Kathryn Doyle NEW YORK (Reuters Health) – Knee pain appears to decrease up to one year after “prolotherapy,” a series of sugar water injections at the site of the pain, according to a new study. Previous research on the therapy that suggested positive effects was plagued by flaws, but the new report may be more reliable, according to Dr. John D. Loeser, a pain specialist and professor emeritus at the University of Washington in Seattle. … Read more here: Sugar water injections may help ease knee pain

Smooth confirmation hearing for Pritzker

WASHINGTON (AP) — President Barack Obama's nominee for commerce secretary was questioned briefly about her ties to a subprime mortgage lender that failed in 2001 and her role as a beneficiary of family offshore trusts in the Bahamas, but those were minor bumps in an otherwise smooth Senate confirmation hearing Thursday. Read more here: Smooth confirmation hearing for Pritzker

House passes market-based student loan bill: Is it a step toward a solution?

Congress took the first step toward making sure student loans aren’t another victim of Capitol Hill’s 11th-hour brinkmanship on Thursday as the House passed a proposed fix for federally subsidized college loans whose interest rates are set to double come July 1. Read more here: House passes market-based student loan bill: Is it a step toward a solution?

TSX dips on stimulus fears, sluggish data

By John Tilak TORONTO (Reuters) – Canada's main stock index dipped on Thursday as fears the U.S. Federal Reserve will dial back its bond-buying program and pessimism following sluggish economic data from China and Europe fueled declines in all major sectors. Weakness in Toronto-Dominion Bank further weighed on the market after the country's No. 2 lender reported earnings slightly below expectations. Investors were nervous after Fed Chairman Ben Bernanke told Congress on Wednesday that a decision to scale back massive bond buying each month could come at one of the U.S. … Read more here: TSX dips on stimulus fears, sluggish data