This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Cain Suspends Presidential Campaign

ATLANTA ( TheStreet) -- Republican presidential hopeful Herman Cain Saturday said he was suspending his campaign because it had been negatively affected by allegations of sexual harassment and an extramarital affair.

In a speech to supporters, Cain called the allegations "false" and "unproved," but he said they had hurt his family and hindered his campaign's ability to raise money.

Cain said that while he was suspending his "plan A" of becoming president, he would now turn to "plan B," in which he will "continue to be a voice" for the American people and continue to promote his 9-9-9 tax plan.

> > Bull or Bear? Vote in Our Poll

Observers had expected Cain to drop out of the race for the GOP nomination after he said earlier this week that he was "reassessing" his candidacy in the wake of the allegations.

Cain's absence may hurt the campaign of Republican frontrunner Mitt Romney.

This article was written by a staff member of TheStreet.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
SYM TRADE IT LAST %CHG
AAPL $131.39 0.00%
FB $80.48 0.00%
GOOG $542.51 0.00%
TSLA $245.62 0.00%
YHOO $43.68 0.00%

Markets

DOW 18,285.74 +0.34 0.00%
S&P 500 2,130.82 +4.97 0.23%
NASDAQ 5,090.7940 +19.0510 0.38%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs