stock market – News Stories About stock market - Page 134

Aug 2, 2012 6:41 AM CDT

Mutual Funds Bail on Facebook

Fidelity sells off huge chunk of stock at record speed

(Newser) - Usually, when big mutual funds invest in IPOs, they're in for the long haul. But that might not be the case with Facebook. Twenty-one mutual funds from Fidelity Investments, one of Facebook's earliest buyers, unceremoniously dumped more than 1.9 million public shares combined last month, with 16...

Spain Panic Sends
Dow Down 200+

MARKETS

Jul 23, 2012 9:13 AM CDT

Spain Panic Sends Dow Down 200+

Spanish bonds hit dizzying high

(Newser) - The Dow took a nosedive this morning, as did markets the world over, after Spanish media reported that up to six regions may need assistance from the federal government, sending the yields on Spanish 10-year bonds to a new high of more than 7.5%. The Dow plunged 237 points...

Facebook IPO Proves Need for Overhaul: Lawmakers

Jun 21, 2012 5:08 PM CDT

Facebook IPO Proves Need for Overhaul: Lawmakers

Darrell Issa raises concerns for small investors

(Newser) - Lawmakers led by Rep. Darrell Issa have penned a letter to the SEC urging an overhaul of the IPO system, saying Facebook's shaky public offering underlines the raw deal handed to small investors, the Wall Street Journal reports. The Republican House Oversight chair wrote that investment banks "dictate...

Nasdaq: We Owe Industry Apology on Facebook

Nasdaq: We Owe Industry Apology Over Facebook IPO

Jun 6, 2012 5:03 PM CDT

Nasdaq: We Owe Industry Apology Over Facebook IPO

It's offering clients $40 million to cover losses

(Newser) - Nasdaq is offering $40 million in cash and rebates to its clients to make up for the glitches during the Facebook IPO, reports Reuters . One problem: Total claims by firms who lost money because of the technical snafus could reach $150 million to $200 million, say two senior finance execs....

Dow Plummets 200+ Points

Jun 1, 2012 10:07 AM CDT

Dow Plummets 200+ Points

Weak jobs report leads to market troubles

(Newser) - The Dow's gain for the year is gone, thanks to today's terrible jobs report . The Dow fell more than 200 points following the report, according to the AP . At 11am EDT, it was at 12,170, down 224 points. That's a loss of about 0.3% for...

Behind Facebook's Flop: Morgan Stanley Cut Forecast

May 22, 2012 7:48 AM CDT

Behind Facebook's Flop: Morgan Stanley Cut Forecast

Fingers pointing at Morgan Stanley for multiple reasons

(Newser) - Why did Facebook get off to such a rocky start on Wall Street? Well, it might have something to do with Morgan Stanley's decision to slash its revenue forecast at the last minute, Reuters reports. "This was done during the roadshow," says one mutual fund source. "...

Facebook IPO: The Emperor Has No Clothes

OPINION Roundup

May 21, 2012 11:17 AM CDT

Facebook IPO: The Emperor Has No Clothes

Stock's rough first day has pundits asking if it's DOA

(Newser) - Facebook had a disappointing first day on the market, so much so that Dana Blankenhorn of TheStreet is calling the relatively cheery media coverage surrounding it "one of the great frauds in American history." Blankenhorn's reasoning: "If I can barely sell 15% of something at $38...

Facebook Stock Plummets

May 21, 2012 9:52 AM CDT

Facebook Stock Plummets

Second day on the market goes poorly without underwriter support

(Newser) - Facebook's underwriters pulled off the training wheels today, and the infant stock fell—hard. After a lackluster first day on the market, Facebook shares fell some 12% in the first minute of trading this morning, Reuters reports, dropping below the $38 IPO price to $33.67, where it continues...

Lawsuit Could Wipe Out Facebook IPO Windfall

and more IPO news

May 18, 2012 10:13 AM CDT

Lawsuit Could Wipe Out Facebook IPO Windfall

...but bids in Germany have hit $74 a share

(Newser) - By the time you read this, Facebook shares will likely have begun trading ( or not ). But the hoopla around the IPO was slightly dampened today, thanks to a mammoth class-action privacy lawsuit filed against it. The case combines 21 separate suits accusing Facebook of tracking users even when...

Facebook's
IPO Day Is Here
—and Nasdaq
Braces Itself

May 18, 2012 7:58 AM CDT

Facebook's IPO Day Is Here —and Nasdaq Braces Itself

Trading opens at 11am ET

(Newser) - Facebook shares will go on sale at long last today, in the biggest tech IPO in US history—and Nasdaq is desperate to make sure nothing goes wrong. Facebook has set an initial price of $38 per share, meaning it will make some $16 billion on the sale. Trading will...

Groupon Stock Hike Probed

May 18, 2012 2:04 AM CDT

Groupon Stock Hike Probed

Trading spikes ahead of release of strong results

(Newser) - Did Groupon insiders try for a daily deal of their own? A Wall Street regulator is probing some fishy trading activity in the hours before the company released stronger-than-expected financial results earlier this week, sources tell the Wall Street Journal . Shares in the company—which had fallen more than 50%...

World Markets
Tumble on
French-Greek
Elections

May 7, 2012 5:30 AM CDT

World Markets Tumble on French-Greek Elections

Investors fear fresh crisis in eurozone

(Newser) - Markets worldwide have been seriously rattled by the rejection of pro-austerity governments by voters in France and Greece . Asian markets plunged, the euro dropped to a 3-month low against the dollar in early trading, and oil slipped to $97 a barrel. European shares also tumbled and yields rose on the...

Facebook IPO:
Not Quite $100B

May 3, 2012 3:59 PM CDT

Facebook IPO: Not Quite $100B

Shares to be $28 to $35, putting value at $96B max

(Newser) - With Nasdaq trading likely to begin in weeks, Facebook has revealed pricing figures: It's planning to sell shares for between $28 and $35, which would put the company's value at $77 billion to $96 billion—the highest ever for a web firm during its IPO, the Wall Street ...

Google Splits Stock
as Profits Soar

Apr 13, 2012 2:30 AM CDT

Google Splits Stock as Profits Soar

Move keeps co-founders in control

(Newser) - Google has unveiled a stock split that will double the number of shares while keeping co-founders Larry Page and Sergey Brin firmly in control. The company is creating a new class of nonvoting shares that will be distributed to existing shareholders in a 2 for 1 split. The move will...

Bernanke: Fed
Will Do More
to Boost
Economy

Mar 26, 2012 9:42 AM CDT

Bernanke: Fed Will Do More to Boost Economy

Stock market soars

(Newser) - The Federal Reserve isn't ready to take its foot off the gas pedal. In a speech this morning in Arlington, Virginia, Ben Bernanke said that while the Fed was encouraged by the downward trend in unemployment numbers, it believes that the economy needs “continued accommodative policies” to keep...

Etch A Sketch
Stock Soars
on Romney
Aide's Gaffe

Mar 22, 2012 2:55 PM CDT

Etch A Sketch Stock Soars on Romney Aide's Gaffe

Climbs more than 200% to $12.50 per share

(Newser) - Bad news for Mitt Romney has been great news for Etch A Sketch: Stock in the toy's maker soared 212.5% after Romney spokesman Eric Ferhnstrom compared the campaign to one . Ohio Art's stock stood at $4 per share at the beginning of the day yesterday; at...

Apple to Pay
First Dividend
Since 1995

Mar 19, 2012 7:56 AM CDT

Apple to Pay First Dividend Since 1995

Company authorizes buyback as well, will plow through $45B

(Newser) - Apple shareholders ought to be even happier with the company than usual this morning, as the gadgets giant announced plans to spend $45 billion of its $97 billion in cash reserves on a buyback and a dividend program. Of that, $10 billion will go to a buyback authorization—though Business...

Dow Passes 13K Mark

Feb 21, 2012 10:34 AM CST

Dow Passes 13K Mark

Last time it did so: May 20, 2008

(Newser) - Huge milestone today: The Dow crossed the 13,000 mark, the first time since before the 2008 financial crisis that it has done so. The last time it made it above that milestone was on May 20, 2008, four months before Lehman Brothers went under. Behind today's bump: the...

You Should Buy Apple Stock

Farhad Manjoo

Feb 16, 2012 10:37 AM CST

You Should Buy Apple Stock

Farhad Manjoo thinks Apple still has nowhere to go but up

(Newser) - You might think that with its stock north of $500 a share, after rising 30% in six months, that Apple has peaked financially. But you'd be wrong, writes Farhad Manjoo of Slate . Apple's price-earnings ratio is still a humble 14—cheaper even than Google, Amazon, and even beleaguered...

Nasdaq Hits 11-Year High;
Dow Rises 157

UPDATED

Feb 3, 2012 3:10 PM CST

Nasdaq Hits 11-Year High; Dow Rises 157

It's Dow's best finish since 2008

(Newser) - Today's rosy jobs report did wonders for the markets. The tech-heavy Nasdaq, in fact, closed at an 11-year high, reports MarketWatch , while the Dow finished at its highest level since May 2008, notes the Wall Street Journal . The numbers:

Dow: Up 157, 1.2%, to 12,862
Nasdaq: Up

...