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WEDNESDAY, NOVEMBER 25, 2009
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NEWS ABOUT: stocks

stocks stories: 99 news summaries

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Blackstone IPO Fetches $4.13B

Private equity giant enjoys largest US debut in 5 years; Schwarzman enjoys largest share

Jun 21, 07 5:05 PM CDT
(Newser) - The Blackstone Group went public today, selling 133.3 million shares at $31 and raking in $4.13 billion, the largest American IPO since 2002. The keenly anticipated issue values the private equity firm, founded by Stephen Schwarzman 27 years ago with $400,000, at $33.5 billion; the price... More »

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private equity • Blackstone Group • Carlyle Group • stocks • KKR • Steve Schwarzman • Peter Peterson • IPO

Gambling Firm Agrees to Buyout

Penn National Gaming changes hands for $8.9B

Jun 15, 07 4:08 PM CDT
(Newser) - The casino-operator buyout spree continued today as Penn National Gaming agreed to be acquired by two private-equity firms for $8.9 billion. The deal, which allows the company to solicit bids for 45 days, includes $2.8 billion in debt. News of the $67-a-share offer, a 31% premium over yesterday's... More »

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private equity • business • stocks • Penn National Gaming • Fortress Investment Group • Centerbridge Partners • Harrah's • privatization • casino • acquisition

Investors Clash With Yahoo CEO

Stockholders blast chief for $107M payday; nix change on company's China policy

Jun 13, 07 10:34 AM CDT
(Newser) - Investors railed yesterday against Yahoo Inc.'s management team in an unusually rowdy session of the search engine's annual shareholders' meeting. Angry investors interrogated CEO Terry Semel over his $107.5M paycheck and the company's slumping stock price, which fell 9% in the last year. A third of shareholders mutinied... More »

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China • Yahoo • stock market • Internet • human rights • executive compensation • censorship • shareholders • stocks • Terry Semel • search engine

Dow Falls as Bond Yields Soar

Record high yields threaten higher mortgage rates

Jun 13, 07 7:13 AM CDT
(Newser) - US bond yields have hit a five year high—bringing the threat of higher interest rates, costlier home mortgages and a slowing economy, the Wall Street Journal reports. The benchmark 10-year Treasury note rose to 5.25 per cent yesterday. Rising bond yields echo throughout the economy, making stocks less... More »

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Dow Jones • stocks • money • trade • finance • bonds • US economy

iPhone Rings High Note
for Apple

Smartphone may surpass hype,
drive stock up to $160

Jun 7, 07 4:32 PM CDT
(Newser) - With buzz over Apple's new iPhone vibrating on high, investors are betting that Apple's stock—which has doubled in the past year to $122 per share—will climb to upwards of $160. The iPhone hits stores June 29, and is set to achieve Apple's once far-fetched goal of selling 10... More »

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stock market • iPhone • Apple • mac • stocks • iPod • buzz • BlackBerry • smartphones • gadget

Dow Closes Down 80.86 on Inflation Scare

Bernanke comment, retail profit warnings contribute to slump

Jun 5, 07 2:55 PM CDT
(Newser) - The Dow fell 80.86 points today, closing at 13,595.46 after companies in the retail sector issued warnings of reduced profits and Fed chairman Ben Bernanke commented that inflation risks are still high. "There are a lot of little things out there that are scaring the market,... More »

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Ben Bernanke • stock market • retail • Federal Reserve • Dow Jones • merger • stocks • corporate • profits • US economy

China's Stock Market Drops 8%

Fear of more government regulations drives rampant selling

Jun 4, 07 1:20 PM CDT
(Newser) - China's stock market plummeted more than 8% today in one of the biggest drop-offs of the decade. A trading tax increase intended to cool a boom that drove stocks up over 50% last week has set off widespread worry. But unlike the February 28 skid that depressed worldwide markets, today's... More »

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China • taxes • Chinese stock market • business • Shanghai Composite Index • stocks • trading

Chinese Stocks Plummet After Trading Tax Tripled

 Move aimed at containing market bubble; could trigger serous sell-off

May 30, 07 8:53 AM CDT
(Newser) - Chinese stocks plummeted today, after the finance ministry tripled a tax on trades in an effort to deflate a worrisome stock market bubble. A week ago, the ministry publicly pledged not to raise the tax. The reversal opens the government to heavy criticism if it triggers a serious rout. More »

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China • taxes • Chinese stock market • stocks • money • market

Private Equity Firm Eyes Bausch & Lomb

Troubled contact lens giant fields $4.5B buyout offer

May 16, 07 11:34 AM CDT
(Newser) - Bausch & Lomb is seeing the private equity light at the end of the tunnel. After a year of costly recalls, accounting snafus, and lawsuits that have shaken the contact lens giant, B&L is entertaining a $4.5 billion offer—including $830 million in debt—from Warburg Pincus. The... More »

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private equity • takeovers • Bausch and Lomb • Warburg Pincus • business • stocks

Chrysler Sale Suggests New Deal for Detroit

Ford, GM see hope
for restructuring
labor costs

May 15, 07 7:41 AM CDT
(Newser) - The sale of Chrysler to private-equity firm Cerberus Capital Management could be a watershed for the entire industry, the Wall Street Journal predicts. Cerberus thinks it can make the embattled carmaker profitable by restructuring its debilitating $18-billion health care and pension liability. If it succeeds without resorting to bankruptcy—which... More »

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private equity • Chrysler • United Auto Workers • DaimlerChrysler • Cerberus Capital Management • General Motors • Detroit • stocks • Ford • auto industry

The Class System at Dow Jones

how class system favors Dow Jones

May 3, 07 4:30 PM CDT
(Newser) - In rejecting Rupert Murdoch's offer for Dow Jones, the Bancroft family provides a textbook example of the case for—and against—dual class shares for media companies. With their shares carrying ten times the voting power of publicly traded shares, the family has the power to spurn a suitor it... More »

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Wall Street • Rupert Murdoch • Dow Jones • Bancroft • stocks • Sulzberger family

Dow Hits New High

Blue-chip average flirts with 13,000; S&P 500, Nasdaq reach 6-year peaks

Apr 20, 07 3:27 PM CDT
(Newser) - The Dow closed at a record high of 12,961.98 today, gaining 153.35 points as it rode a wave of positive earnings reports that pushed the S&P 500 and the Nasdaq to six-year highs, too, CNN reports. The Dow reached an all-time high of 12,966.29... More »

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investing • stock market • NASDAQ • New York Stock Exchange • Dow Jones • stocks • S&P 500

Dow Powers to Record High

Apr 19, 07 7:08 AM CDT
(Newser) - The Dow rose 30.80 points yesterday, closing above 12800 for the first time. The new record was powered was by JP Morgan Chase, Boeing and Caterpillar, while nearly two-thirds of the Dow components failed to make gains, the Wall Street Journal reports. Tech stocks continued to be weak; the... More »

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investing • stock market • Boeing • Dow Jones • business • stocks • JPMorgan Chase

(Newser) - Yahoo's new online advertising system failed to break the company's earnings slump, with the search-engine pioneer reporting an 11% drop in first-quarter profits. Yahoo faces increased competition for graphic display advertising that represents a third of revenue, and the company is no longer doing ad brokering for Microsoft, which bolstered... More »

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Yahoo • Internet • Microsoft • advertising • business • stocks • Project Panama

Stocks Swing on CEO House Size

Apr 13, 07 1:55 PM CDT
(Newser) - Don't buy stock in a company whose CEO lives in a huge house, a new study says.  CEOs who move into regular-sized digs —5,600 square feet for the typical company head — see their company's stock jump an average 6% the following year. Those who go palatial... More »

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investing • stock market • executive compensation • business • stocks • finance • shares

Nasdaq Options Philly Mart

Eyes exchanges options business

Apr 11, 07 3:59 PM CDT
(Newser) - The tech-heavy Nasdaq exchange is looking to expand into the options-trading market, and it's in talks with the Philadelphia Stock Exchange about a possible merger. Nasdaq's bid to buy the third-largest options trading exchange, valued at up to $300 million, comes as a number of bigger exchanges are on the... More »

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stock market • London • NASDAQ • Philadelphia Stock Exchange • merger • business • stocks • finance • London Stock Exchange • Philadelphia

Wall Street Snapping Up Losers  

Tech companies with
no profits are enjoying hot IPOs again

Mar 28, 07 9:46 AM CDT
(Newser) - Money-losing tech companies are enjoying overheated IPOs again. In a disconcerting echo of 1999, Forbes reports more than half the companies going public so far this year have yet to turn a profit. "The losers may be us," Quentin Hardy cautions, "a public suddenly so hot for... More »

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technology • Wall Street • stocks • IPO • tech companies

Wall Street Tigers Bearish on Stocks

Investment club moves to hedge funds, private equity instruments

Mar 28, 07 7:37 AM CDT
(Newser) - Tiger 21—the elite investment club whose members have at least $10 million each — is moving away from stocks and into alternatives like hedge funds and private equity instruments. Michael Sonnenfeldt, Tiger 21 founder, reports that assets in stocks are down 10 percent from last year, based on members'... More »

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private equity • stock market • Wall Street • Michael Sonnenfeldt • stocks • investments • Tiger 21 • hedge fund

Bernanke Buoys Dow

Global markets continue to fall

Mar 6, 07 11:04 AM CST
(Newser) - U.S. stock prices rebounded yesterday, buoyed by Fed Chairman Ben Bernanke's forecast of moderate growth. But averages from Singapore to London continued to slide and there was widespread debate over whether the plunge was the market correcting for inflated highs or if it was the first sign of a... More »

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inflation • Ben Bernanke • stock market • stocks • money • recession • US economy

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