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Tag: Stock

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Posted on Aug 8, 2012 READ MORE



papalars (CC BY-ND 2.0)

Apple Tete-a-Tete With Twitter (Update)

In the race to build the most widely used and technologically redundant social network out there, Apple has considered investing hundreds of millions of dollars in Twitter. (Or not.)

Posted on Jul 28, 2012 READ MORE



swanksalot (CC BY-SA 2.0)

Fallout From JPMorgan Chase’s $2 Billion Loss

JPMorgan Chase & Co. weathered the 2008 financial crisis without reporting a loss. But a failed hedging strategy that recently cost the company $2 billion has called into question the ability of its leaders to manage risk and intensified the debate on banking reform.

Posted on May 11, 2012 READ MORE



Flickr / Extra Ketchup (CC-BY-SA)

Apple Set for $10B Stock Buyback

All that bad press about working conditions at Apple-affiliated factories apparently hasn’t caused the computer giant any significant economic harm; in fact, the company, bolstered by booming sales of its shiny new iPad, is planning to spread the wealth among shareholders this summer.

Posted on Mar 19, 2012 READ MORE



Flickr / Ksayer1 (CC-BY-SA)

Facebook Gets Ready to Go Public

Facebook’s rise to cyber-domination amounts to the biggest online success story of the 21st century thus far, and on Wednesday the social networking behemoth took it up another notch by filing for what could be the most massive Internet initial public offering ever.

Posted on Feb 1, 2012 READ MORE



Flickr / Davide "Dodo" Oliva

U.S. and European Markets Drop as Volatility Rises

U.S. and European markets played follow the leader Friday, as the three main stock indexes in both regions tumbled nearly 3 percent together. Among other events, analysts pointed fingers at the euro, uncertainty over President Obama’s jobs speech and doubt over Greece’s ability to address its financial problems.

Posted on Sep 9, 2011 READ MORE



Giorgio Monteforti (CC-BY)

How to Be a Billionaire

All you have to do to be a billionaire is to have an idea. John A. Paulson had an idea, and in 2010 his idea made him $5 billion. (more)

Posted on Feb 1, 2011 READ MORE


Zuckerberg
flickr / deneyterrio

Want to Own a Chunk of Facebook?

Well, you may have to wait awhile, unless you’re among Goldman Sachs’ circle of elite customers who were given the investment opportunity Sunday night—an indication of other possible big moves that Goldman and Facebook might make down the line.

Posted on Jan 3, 2011 READ MORE



Flickr / Clyde Robinson (CC-BY)

AIG’s IOU Coming Due With Strings Attached

AIG plans to start paying back the taxpayers some of the $182 billion it borrowed, but the plan involves trading the government’s preferred shares in the company for common stock, a move that ought to raise at least one eyebrow.

Posted on Sep 30, 2010 READ MORE



Goldman Sachs’ Profit Takes a Major Plunge in Q2

Those of us who have stood aghast and watched as Goldman Sachs seemed to sail almost unscathed through the erupting economic catastrophe of the last two years (thank you, bailout!) might stop now for a moment of pure schadenfreude, as the megabank’s profits took a precipitous dive in the second quarter of this year.

Posted on Jul 20, 2010 READ MORE



AP / Mark Lennihan

AIG Settles for $725 Million

American International Group, 80 percent owned by the U.S. government, has announced it will pay out $725 million in a settlement of a securities fraud lawsuit, begun in 2004, that accused the insurance Gargantua of accounting fraud and stock manipulation.

Posted on Jul 16, 2010 READ MORE


European Central Bank
Flickr / U-g-g-B-o-y-(-Photograph-World-Sense-)

How Low Can the Euro Go?

The answer to the headline question, at least on Monday, would be $1.2234, as the euro dropped to its lowest point in four years. As this CNN report puts it in somewhat startling terms, ” ... Ongoing debt concerns prompted a flight to the safety of the U.S. dollar.”

Posted on May 17, 2010 READ MORE



Flickr / stan

Citigroup Wants a Bigger Bailout

Uncle Sam already gave Citigroup $45 billion and promised to limit the bank’s losses on $300 billion in troubled loans, but executives at the ailing bank are now reportedly asking the federal government to sweeten the deal. One scheme has Washington exchanging preferred stock for common stock.

Posted on Feb 22, 2009 READ MORE


Geithner
Wikimedia Commons / federalreserve.gov

Stocks Rise as Geithner Becomes Treasury Front-Runner

Friday brought more news from purportedly reliable sources close to Barack Obama, this time suggesting that the president-elect was zeroing in on Timothy Geithner as his pick for treasury secretary and New Mexico Gov. Bill Richardson for commerce secretary.

Posted on Nov 21, 2008 READ MORE



tickertapedigest.com

What Goes Down ... Dow Up 10 Percent

The Dow shot up 889.35 points on Tuesday, a welcome respite from Wall Street’s month of plunges. Things could still get a lot worse: While some buyers snapped up what looked like bargain stocks, others said they expected a major drop before things get better.

Posted on Oct 28, 2008 READ MORE


NYSE
Wikimedia Commons / Asymptote Architecture

Stocks Zoom as International Financial Community Rallies

The Dow shot up more than 900 points Monday after nations around the world pitched into the effort to resuscitate the dangerously flagging global marketplace by announcing their own rescue plans.

Posted on Oct 13, 2008 READ MORE


Bernanke
AP photo / Manuel Balce Ceneta

And Now, Even More Bad Financial News

There will hopefully come a day when the news from Wall Street is actually good (at the moment, anything better than utterly terrifying news would be nice), but Tuesday was not that day, despite Federal Reserve Chairman Ben Bernanke’s intimations that help could soon be on the way.

Posted on Oct 7, 2008 READ MORE


NYSE
AP photo / Richard Drew

Dow Drops Over 300 Points

Winter 2008 is shaping up to be a gloomy season for the American economy, with mounting concerns over subprime mortgage prices and a plunging stock market.  Thursday was a particularly dreary day on Wall Street, with the Dow Jones industrial average down 307 points and the Standard & Poor’s 500 falling almost 3 percent.

Posted on Jan 17, 2008 READ MORE


trading floor
AP photo / Richard Drew

Shades of ‘29?

Thursday was not a good day on Wall Street, with the Dow dropping over 362 points to close at 13,567.87.  Meanwhile, the S&P 500, like the Dow, fell 2.6 percent, and the Nasdaq also took a hit, dipping 2.25 percent by day’s end.

Posted on Nov 1, 2007 READ MORE


Whole Foods CEO Bashed Wild Oats Online Before Takeover Bid

John Mackey, the CEO of Whole Foods, apparently behaved in not so wholesome a manner when he spent time bashing Wild Oats stocks on a Yahoo stock-market forum under the pseudonym “Rahodeb” not long before his company bid to take over the competing natural foods market chain.  The Federal Trade Commission is attempting to block the takeover on antitrust grounds. (Via BoingBoing)

Posted on Jul 12, 2007 READ MORE


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