Justice Probes Possible Fraud at Michaels Stores

September 11, 2006

An investigation into stock options at Michaels Stores is now being handled by the fraud division at the Department of Justice.

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China’s Property Market Boost: Stocks Surge, Copper Hits Highs

The Chinese government unveiled a comprehensive support package that has sent ripples through financial markets. This initiative includes a slew of measures aimed at stimulating housing demand and addressing the excess inventory burdening developers. The immediate impact was a significant rally in Chinese stocks and a surge in commodity prices, notably copper, which hit record highs.