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All Posts Tagged Tag: ‘Finance’

U.S. Economy Stall In Q1: Weather To Blame?

The US economy just barely grew in the first quarter of this year, and many might say the rough winter is to blame. Exports plummeted and companies bought stocks at a snail’s pace. In the last quarter of 2013, gross domestic product grew at 2.6%. This past quarter showed a slow down to .1%. The slow down wasn’t a surprise, …

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Online Security, Are We All Potentially At Risk?

How safe are we really? One may wonder if large corporations, small businesses, and individuals are all subject to online fraud. Financial Fraud Action UK has recently reported that losses incurred due to online security failures are increasing. Though there is no surefire way to safeguard against all potential risks, individuals have options regarding where to invest their money. Choosing …

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JPMorgan Refunds $389 Million to Customers for Ill-Suited Credit Card Practices

JPMorgan Chase & Co. have had coarse week that has cost them well over $1 billion in fines and refunds. Only hours following the announcement of admission in the London Whale trade devastation, which cost the bank $920 million in fines, JPMorgan made yet another announcement. The bank informed the public that they’d executed a massive reimbursement of over $309 …

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Timken Split Into Two Publicly Traded Companies

On September 5, 2013, the Timken Company officially announced that they would be splitting their company into two separate entities. After the announcement, Timken stock rose 6.2% during after-market trading. Timken manufactures steel, bearings and power transmissions. The company split will form a new steel company (no name announcement yet) which will continue to manufacture carbon and alloy steel. The …

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Facebook Stock Hits All-Time Low At Just Under $20

After closing yesterday at $20.88 a share, Facebook stock made history today. For the first time since the company went public back in May, the price of a Facebook share dipped below $20. Earlier this afternoon, the price hit $19.82, which is barely half of the $38 at which the stock debuted. Save a few resurgences, the stock price has …

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Dept. of Treasury Mobile App Contest Taps Facebook, Google Employees To Judge

The U.S. Department of Treasury is sponsoring a mobile app contest, all in the hopes that some citizen ideas will “allow consumers to search for and access financial products on demand, manage their finances, and set and stick to financial goals.” It’s called the MyMoneyAppUp Challenge, and it’s actually comprised of two separate but parallel contests that both ask for …

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Wolfram Finance Platform Brings Mathematica to Finance

Wolfram Research has just released a computational finance tool it calls the Wolfram Finance Platform. The platform will bring the computational power of Wolfram’s Mathematica software and apply it to finance to deliver greater computational integrity, automated workflows, faster speeds, and more accuracy. “As algorithmic agility comes center stage in finance, platform integration and automation become crucial for competitiveness,” said …

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Audio Tech Company Audience Files For $75 Million IPO

Audience, the self described “leading provider of intelligent voice and audio solutions that improve voice quality and the user experience in mobile devices,” has filed its S-1 to raise $75 million in its IPO. Audience is backed by Microsoft cofounder Paul Allen, whose Vulcan Capital is the third largest shareholder in the company (25%). Tallwood Venture Capital holds 32% share …

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