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In This Microsoft vs. Apple Battle, Microsoft Notches a Win

Software giant now has the most valuable stock in the world, with a 3.3% gain since new year began

(Newser) - For the first time in more than two years, Apple doesn't rule the stock valuation roost. CNBC reports that the tech giant was toppled on Friday by Microsoft as the most valuable public company. Microsoft ended the workweek with a market valuation of $2.89 trillion, compared to Apple'...

WeWork Sues Erstwhile Buyer Over 'Buyer's Remorse'

Claims investor worked to ensure conditions of stock takeover wouldn't be met

(Newser) - WeWork is suing the Japanese bank that offered to save it from insolvency before backing out of a $3 billion stock takeover . In a lawsuit filed Tuesday, the special committee of WeWork's board said SoftBank and CEO Masayoshi Son took "desperate" actions to back out of the tender...

WeWork Founder Now an 'Ex-Billionaire'

SoftBank pulls out of $3B stock takeover, a big blow to Adam Nuemann

(Newser) - SoftBank's cold feet apparently became frozen. WeWork's largest investor announced Thursday that it was backing out of a deal to buy $3 billion in shares of the communal office-space startup, including some $970 million worth from founder and former CEO Adam Neumann. SoftBank said it was "fully...

He Dumped All His Equifax Stock. Now, Criminal Charges

Jun Ying charged with insider trading

(Newser) - Before Equifax went public with news of its massive data breach last September, Jun Ying, the company's then-US chief information officer, exercised and sold all his stock options. Now the SEC says the nearly $1 million move was insider trading, and Ying has been charged to that end in...

Jim Carrey Calls for Facebook Boycott

He deletes account, says investors should dump stock

(Newser) - Mark Zuckerberg isn't going to like Jim Carrey's latest remarks: The actor says he's getting rid of his Facebook shares and deleting his page—and he wants other people to follow suit, CNBC reports. "I'm dumping my @facebook stock and deleting my page because @facebook...

Best Boss Ever? CEO Gives Workers $1.5M of Own Stock

'Enjoy being an owner of the company,' says Bobby Frist

(Newser) - It was just another day at the office yesterday for 600 employees at Nashville health care company HealthStream—that is, until they received a welcome surprise via a video message sent to their cellphones. In it, CEO Bobby Frist announced that as of late August, they'll all be part-owners...

Best Buy CEO Unloads Big Stake ... to Pay for Divorce

Hubert Joly nets about $10M

(Newser) - Best Buy had to issue an unusual statement explaining exactly why its CEO just dumped 20% of his stake in the company: the business his fine; his marriage, not so much. Hubert Joly sold about 450,000 shares and netted $10 million, reports CNNMoney . "This sale reflects only one...

GM to Buy Back 200M Shares From Treasury

Move could speed up US exit from company

(Newser) - General Motors will spend $5.5 billion to buy back 200 million of its own stock from the US government in the next two weeks, accelerating Uncle Sam's exit from the automaker, the company announced today. GM will pay $27.50 a share, a 7.9% premium on yesterday'...

Yahoo, Alibaba End Years of Bickering With $7B Deal

Yahoo will sell back up to half its 40% stake in Chinese company

(Newser) - It's a resolution for what All Things Digital's Kara Swisher calls "perhaps the longest running global cat fight in Internet history": In a $7.1 billion deal, Yahoo is selling back up to half its 40% stake in China's Alibaba , the Wall Street Journal reports. For...

Zynga to Workers: Can We Have That Stock Back?

Move could rock Silicon Valley model if successful

(Newser) - With what’s expected to be an almost $20 billion IPO looming, Zynga CEO Mark Pincus is starting to wish he hadn’t given out so much stock to attract early employees to his company. So he’s doing something unheard of: He’s demanding employees give their stock back...

Apple Awards New CEO Tim Cook With $383 Million in Shares
Apple Thanks New CEO With 1M Shares
Aug 27, 2011 4:50 PM CDT

Apple Thanks New CEO With 1M Shares

Tim Cook will reap $383M value by staying on until 2021

(Newser) - "Thanks for taking over as Apple's CEO, Tim. And by the way, here's $383 million." That's not an exact quote, but yes, Apple is awarding Tim Cook with one million shares currently valued at $383 million for taking the helm until 2021. MacRumors reports the...

Hef Sued for Not Selling Playboy
 Hef Sued for 
 Not Selling Playboy 
won't give up 'busty blonds'
Feb 9, 2010 7:09 AM CST

Hef Sued for Not Selling Playboy

Shareholder claims Hugh Hefner sabotaged two deals

(Newser) - At 81, Hugh Hefner is still attending glamorous parties with decades-younger models on each arm, but his company is languishing—and one shareholder has had enough. A class action lawsuit obtained by TMZ alleges that Hef has sabotaged two deals to sell Playboy. The suit cites an analyst's note that...

Stock Split Means You Can Afford Buffett Shares
Stock Split Means You Can Afford Buffett Shares
66 bucks
Jan 20, 2010 2:31 PM CST

Stock Split Means You Can Afford Buffett Shares

Shareholders approve price cut; shares now $66

(Newser) - Berkshire Hathaway shareholders approved a 50-for-1 stock split today, making shares of Warren Buffett's company affordable for a wider range of investors. The price of Class B shares will drop from $3,300 to $66. Class A shares, which confer stronger voting power, remain a princely $101,700.

Bankrupt Lehman Stock Booms in Long-Shot Trading

Bankrupt company jumps sixfold in 'lottery ticket' deals

(Newser) - Here's a stock tip for you: Lehman Brothers. No, really—the busted financial giant, which had been trading at less than 5 cents a share, peaked at 32 cents last week, with volume hitting 100 million shares in late August after sitting at virtually zero most of the year. The...

Builders Are Building Again, Despite Risk
 Builders Are Building 
 Again, Despite Risk 
ANALYSIS
Aug 11, 2009 1:08 PM CDT

Builders Are Building Again, Despite Risk

(Newser) - A decrease in vacant housing inventory and an uptick in sales have home builders ramping up construction for the first time in months, Time reports. Currently, the number of new homes on the market would take an estimated 8.8 months to sell—a far cry from the standard of...

GM to Cut 21K US Factory Jobs
 GM to Cut 21K US Factory Jobs 
Apr 27, 2009 8:53 AM CDT

GM to Cut 21K US Factory Jobs

Firm restructuring in bid for more government aid

(Newser) - General Motors will cut 21,000 US factory jobs by next year, phase out its Pontiac brand, and ask the government to take company stock in exchange for half of GM's government debt as part of a major restructuring effort needed to get more government aid, the firm said today....

Going Public in Bear Market Is Risky Bet for Rosetta Stone

Firm could make less money due to bear market

(Newser) - Rosetta Stone, the popular language-learning software maker, holds its initial public stock offering today—a risky move in a bear market, Jennifer Collins reports for Marketplace. Rosetta Stone’s profit has quadrupled since 2007, but it could make twice as much by waiting. It’s possible Rosetta needs cash now,...

Crisis Brings Day Traders Back to Wall Street
Crisis Brings Day Traders Back to Wall Street
GLOSSIES
Jan 27, 2009 3:34 PM CST

Crisis Brings Day Traders Back to Wall Street

Risk-loving market riders experience new heyday

(Newser) - Some traders like to buy and hold positions based on rational market fundamentals. Then there’s Peter Milman, who’s constantly making—or losing—tens of thousands of dollars, perched over his computer making a furious stream of bets like an arcade pinball wizard. Day traders like Milman are having...

Cramer Shares 'Obama Portfolio'
 Cramer Shares 
 'Obama Portfolio' 
OPINION
Dec 1, 2008 12:47 PM CST

Cramer Shares 'Obama Portfolio'

Guru picks hot stocks for 2009

(Newser) - America isn’t out of the economic woods, but savvy investors should drop some kindling on their investment fires, James Cramer writes in New York. “Obama’s swift transition and desire to spend trillions to get us moving could prove that happier days will eventually beckon, at least for...

Apple Stock Dives Amid Jobs Health Rumors

Shares take a hammering despite robust 3Q results

(Newser) - Apple reported one of its best third-quarter results ever yesterday, but its stock took a 17% nosedive amid rumors that CEO Steve Jobs is in poor health, reports the San Jose Mercury News. Jobs, who beat pancreatic cancer four years ago, appeared gaunt at a conference last month. Investors were...

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