All Posts Tagged Tag: ‘Wall Street’

Google’s New CFO is the ‘Most Powerful Woman on Wall Street’

Google has found its new CFO. Ruth Porat, who currently serves as Chief Financial Officer for Morgan Stanley, will be joining Google on May 26. She’ll replace outgoing CFO Patrick Pichette, who announced his retirement earlier this month. “We’re tremendously fortunate to have found such a creative, experienced and operationally strong executive,” said Larry Page. “I look forward to learning …

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Britney Spears Earns Planet Hollywood $20 Million

Since Britney Spears began her residency at the Planet Hollywood Resort and Casino’s AXIS Theater in Las Vegas back in December 2013, her Britney: Piece of Me show has boosted the property’s earnings by about $20 million. Initially booked for a two-year run at the property, her residency was recently extended all the way through 2017. According to the Hollywood …

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Catherine Zeta-Jones: Michael Douglas Says He Took Her for Granted

Catherine Zeta-Jones and husband Michael Douglas are back together again following a split that took place last August. The Wall Street actor admits he took his wife for granted in the years prior to their split. He says he learned from his mistakes, however, and has re-evaluated his relationship with Zeta-Jones. “When you are younger you care what other people …

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Stock Market Distrust Shown for Third Straight Year

As it currently stands, the stock market is in a fairly good spot. Interest rates on fixed income and cash are low, market returns in 2013 exceeded 30 percent, and the market itself is setting record highs. Despite all of the success over the past five years, however, Americans are still not likely to invest their hard-earned money in such …

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JPMorgan Scraps Twitter Q&A Over Fiscal Furor

It was a brief idea that lasted all of nine glorious hours: the vice-chairman of US corporate banking giant JPMorgan, Jimmy Lee, announced he would be taking over the @jpmorgan Twitter feed at 1pm today. By last night, however, major news outlets around the world were reporting the idea as completely scrapped because of the thousands of angry, abusive tweets …

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Bernie Madoff Accountant Charged with Fraud

NBC News reported this week that Paul Konigsberg, an attorney and accountant, was charged yesterday with falsifying records and related securities connected to the Bernie Madoff Ponzi scheme. Konigsberg is the only non-Madoff family member who owned a controlling interest in the investment fund. The indictment released by the District Attorney for the Southern District of New York almost reached …

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Wall Street Ends 5 Day Skid; Stocks are Up

The stock market saw a surprise surge last Wednesday after the Federal Reserve announced that it would continue its bond-buying program. That up-swing did not last long, though; The stocks dipped drastically on Thursday, and Wall Street has seen a losing-streak the previous 5 days. There was positive news for Wall Street today, however. The Dow Jones, S&P, and Nasdaq …

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Stratasys Makes A 3D Printed Wall Street Bull

The bull is a noble creature defined by two massive horns that will gore you if the animal is given the chance. It’s also the symbol of a healthy economy. To that end, Stratasys has made a bull on a 3D printer for its Investors and Analyst Day at NASDAQ. The Stratasys Blog says that its 3D printed bull uses …

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Jim Cramer Suggests Snapchat Could Be Used for Insider Trading

Snapchat, the ephemeral messaging app that’s gaining quite the following, has been accused of facilitating some risque communications. When it first launched, it quickly garnered the reputation as being a “sexting” app for teens. You see, Snapchat allows users to send short messages which then self-destruct in a designated amount of time – 30 second, a minute, 5 minutes, and …

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NASDAQ Fined $10 Million For Botched Facebook IPO

To say the Facebook IPO was a disaster might be a bit of an understatement. A few days after the social network went public, reports emerged that a technical issue prevented trading and many investors lost money as the stock’s value tanked. Those same investors brought lawsuits against the NASDAQ and the SEC launched an investigation into the IPO. That …

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Zynga Now Under Investigation For Cashing Out Before Shares Slumped

Well, that didn’t take long. We brought you word this morning that Zynga CEO Mark Pincus and other insiders including Google cashed out on Zynga stock back in April before the company’s shares fell to the abysmal depths that they’re at today. On the suspicion that some less than honest dealings had taken place, multiple law firms are now opening …

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Anonymous Leaks 50,000 Wall Street IT Personnel Accounts

One of the more interesting teams operating with Anonymous is #TeamGhostShell. They are usually the team behind the more malicious attacks that target governments and corporations. Their latest operation, MidasBank, has one target clearly in its sites – Wall Street. #TeamGhostShell has so far released around 50,000 accounts from IT personnel who work on Wall Street. The accounts are from …

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Nasdaq Hopes to Appease Facebook Investors with Modest Compensation

The Nasdaq OMX Group hopes to make up for that small-but-disastrous glitch on the day of Facebook’s initial public offering by compensating affected investors who were trying to get in on the early trading. According to the Wall Street Journal, the exchange organization has been notifying brokers that it plans to submit the proper filings tomorrow in order to begin …

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Facebook Stocks Finds New Low at $25.75

It seems like everyday marks a new low for the folks over at Facebook. Today, stock prices slipped below the $26 mark to $25.75. Considering shares started out at $38, I would say the IPO has lost almost all of its momentum. But, perhaps it speaks to the climate on Wall Street overall. Groupon also experienced record low stock prices …

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Is Mark Zuckerberg To Blame For Facebook’s IPO Fiasco?

Despite all the hype leading up to Facebook’s IPO, the circumstances abruptly changed after the company’s public debut. The stock was priced at $38 per share, which valued the company at $104 billion. At this rate, Facebook became the third largest public offering in the history of the United States, behind General Motors and Visa.

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Nasdaq’s Fallout from the Fubar Facebook IPO

Given that everyone was so excited and looking to the future with Facebook’s initial public offering on Friday, there has been a surprising absence of good news to come out of the it since it happened. It’s not even that there’s an absence of good news but an overwhelming pall of bad news. Friday stumbled out of the gates and …

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Facebook IPO: Watch Zuckerberg Ring The Bell

Though the opening bell has been rung and the Facebook IPO ceremony is over, trading on Facebook stocks has yet to commence. Facebook shares will begin trading at 11:30 EDT, and the stock is expected to rise significantly over the course of the day. However, NASDAQ has just released the video of the bell-ringing ceremony, which was held in a …

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Is Facebook Ready To Be Public?

There’s no doubt that Facebook’s IPO is coming, but the exact timing of it is a little uncertain. Early speculations pinpointed the company to begin selling stock in May, but recent activities suggest that the sale could be delayed.

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Mark Cuban Becomes Largest Holder of Vringo Stock and Shares Triple

Mark Cuban purchased Vringo stock shortly after pushing Lamar Odom out of his life. Vringo is a Delaware corporation that was founded in 2006 by entrepreneur and venture capitalist Jonathan Medved and mobile software specialist David Goldfarb. The company provides software platforms for mobile social and mobile video services. According to data from FactSet Research Cuban now owns more than …

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Using Twitter To Predict Stock Market

A University of California, Riverside professor and several other researchers have developed a model [PDF] that uses data from Twitter to help predict the traded volume and value of a stock the following day. A trading strategy based on the model created by Vagelis Hristidis, an associate professor at the Bourns College of Engineering, one of his graduate students and …

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IBM’s ‘Watson’ on Wall Street

IBM’s ‘Watson’ supercomputer and Jeopardy champion just secured a gig on Wall Street, according to Bloomberg. Citigroup, the third largest lender in the U.S., will utilize Watson to “help analyze customer needs and process financial, economic and client data to advance and personalize digital banking.” IBM predicts that Watson will be able to “read” about 200 million pages in three …

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Battle For Facebook Listing: NASDAQ or NYSE ?

No doubt the Initial Public Offering of Facebook stock is the most anticipated since Google went public. With equity-trading volume’s down for both platforms, the NASDAQ and the NYSE are in a battle to win the listing. Securing Facebook could have a synergistic effect for the winner platform however it is doubtful that it will significantly change listing revenues at …

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Are Expectations For Google’s Success Too High For Its Own Good?

Google released their earnings for the fourth fiscal quarter of 2011 yesterday and it was good. There wasn’t much to be disappointed about: they’re still making mega-gobs of money and more and more people seem to be flocking to their services. WebProNews gave you the run-down of Google’s conference where they revealed that their Google Sites revenues were up 29% …

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Occupy Wall Street as Told By The Internet

#OWS and #occupywallstreet have been some of the hottest leading trends on Twitter these past couple of months. As both support and resentment towards the movement builds, so does the presence and size of “Occupy Wall Street”. What’s been the true story of the movement, and can the internet give us a definitive answer? Let’s take a look. We know …

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Raj Rajaratnam Sentenced To 11 Years In Historic Insider Trading Case

The longest prison sentence ever dished out for the crime of insider trading has just been given this morning. Hedge fund billionaire Raj Rajaratnam was sentenced to 11 years in prison for insider trading practices that resulted in over $50 million in profits. The founder of the Galleon Group (which used to be one of the largest hedge fund management …

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Amazon Posts Strong Q4 Results

Amazon.com today reported strong fourth quarter profits that beat Wall Street analyst’s estimates.

The online retailer said its net income increased 71 percent to $384 million in the fourth quarter, or 85 cents per share, compared with $225 million, or 52 cents per share in the fourth quarter of 2008.

Net sales increased 42 percent to $9.5 billion in the fourth quarter, compared with $ 6.7 billion in the fourth quarter of 2008.

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