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SUNDAY, NOVEMBER 22, 2009
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NEWS ABOUT: stock

stock stories: 24 news summaries

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Bankrupt Lehman Stock Booms in Long-Shot Trading

Bankrupt company jumps sixfold in 'lottery ticket' deals

Sep 7, 09 7:36 AM CDT
(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... More »

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bankruptcy • stock • Lehman Brothers • investment banks • financial crisis

(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... More »

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housing market • home sales • recession • stock • homebuilders • new construction • economic recovery

 GM to Cut 21K US Factory Jobs 

Firm restructuring in bid for more government aid

Apr 27, 09 8:53 AM CDT
(AP) - 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.... More »

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United Auto Workers • General Motors • bond trading • debt • recession • stock • restructuring • job cuts • government loans

ANALYSIS

Going Public in Bear Market Is Risky Bet for Rosetta Stone

Firm could make less money due to bear market

Apr 16, 09 12:48 PM CDT
(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,... More »

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competition • IPO • software • stock • language • Rosetta Stone • foreign languages

GLOSSIES

Crisis Brings Day Traders Back to Wall Street

Risk-loving market riders experience
new heyday

Jan 27, 09 3:34 PM CST
(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... More »

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stock market • Wall Street • stock • trader • financial crisis • traders

OPINION

 Cramer Shares 
 'Obama Portfolio' 

Guru picks hot stocks for 2009

Dec 1, 08 12:47 PM CST
(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... More »

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investing • stock market • investments • financial markets • stock • James Cramer • Mad Money • financial stocks

Apple Stock Dives Amid Jobs Health Rumors

Shares take a hammering despite robust 3Q results

Jul 22, 08 4:00 AM CDT
(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... More »

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Steve Jobs • iPhone • investors • Apple • stock

Sleight of Hand Has IRS After Billionaire

Anschutz owes $143M on gains, feds say; he claims technicality

Jun 9, 08 1:45 PM CDT
(Newser) - The IRS is going after the US’ 41st-richest man, the Wall Street Journal reports, as part of a larger move to curtail one method of skirting capital-gains taxes. Philip Anshutz owes $143.6 million in back taxes on a “variable prepaid forward contract” deal he made in 2000 and... More »

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IRS • tax evasion • stock • capital gains tax • loopholes • Philip Anschutz

BEA Posts 59% Jump in Profit

Company hopes better-than-expected
 Q3 will draw higher bids than Oracle's

Nov 16, 07 8:14 AM CST
(Newser) - BEA Systems reported earnings up 59% in the third quarter yesterday, in the first audited quarterly statements released in over a year. The San Jose-based company's financials have been held up by a reporting dispute with the SEC. BEA hopes the higher-than-expected results will boost its case that the company... More »

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Oracle • SEC • stock • BEA Systems

Bank Industry Woes Spill Over to RIM

BlackBerry maker’s stock drops after Cisco's negative projections

Nov 9, 07 10:59 AM CST
(Newser) - Research in Motion’s share price run-up ended yesterday on worries about softness in the banking industry, after Cisco Systems reported declining orders for its products, Reuters reports. The BlackBerry maker’s stock was up 140% since June, with analyst raising price targets 30-50% after its Oct. 5 quarterlies. RIM... More »

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BlackBerry • stock • Cisco • Research in Motion

Billionaire Takes Huge Stake in Bear Stearns

Josephe Lewis becomes largest shareholder with $860M buy

Sep 10, 07 3:30 PM CDT
(Newser) - Billionaire Joseph C. Lewis has bought enough stock to become the largest single shareholder in embattled investment bank Bear Stearns, Reuters reports. The reclusive British-born currency trader bought up $860.4 million in shares over the last month, nabbing a 7% stake. Putnam Investing, the second largest shareholder, owns a... More »

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shareholders • Bear Stearns • mortgage • stock • billionaire • Joseph Lewis • banking

Bank of America Bails Out Countrywide

Lender avoids disaster as bank buys $2 billion in cut-rate shares

Aug 23, 07 6:34 AM CDT
(Newser) - Countrywide came back from the brink yesterday as Bank of America bought $2 billion in preferred stock in the mortgage company, writes the Los Angeles Times. Countrywide's share price soared in after-hours trading, only a week after the credit crunch brought it to the point of bankruptcy. More »

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Bank of America • bankruptcy • subprime mortgages • stock • Countrywide • credit crisis

BNP Paribas Halts Fund Withdrawals

France’s biggest bank can’t value holdings after credit collapse

Aug 9, 07 12:35 PM CDT
(Newser) - France's largest bank today froze three investment funds threatened by the subprime mortagage collapse, claiming it can’t “fairly” place a value on their rapidly declining assets. Citing the “complete evaporation of liquidity” in the US securities market, BNP Paribas halted withdrawals from the funds, which were worth... More »

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subprime mortgages • Bear Stearns • finance • bank • stock • mutual funds • BNP Paribas

Bancrofts Mull Murdoch Buyout

Final decision on offer expected by end of week

Jul 24, 07 6:20 AM CDT
(Newser) - The Bancroft family met yesterday in Boston to consider Rupert Murdoch's $5B offer for Dow Jones, but is expected to take at least until Friday to vote on the deal, Reuters reports. Christopher Bancroft, who opposes the sale, showed up sporting a baseball cap with the words "Bite me"... More »

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Rupert Murdoch • Wall Street Journal • Dow Jones • Bancroft family • mergers and acquisitions • stock • Christopher Bancroft • buyout • News Corp

Danone Swallows Up Numico

Paris-based company spits up $16.8B for
big-boy serving of baby food market

Jul 9, 07 5:41 PM CDT
(Newser) - French food corp Groupe Danone put in a $16.8B cash offer to buy baby food magnate Royal Numico—at just under $75 a share, a 38% premium over last week's closing price. The acquisition will make Danone an industry leader in the baby food market and should be finalized... More »

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food • stock market • France • business • stock • baby food • Danone • Groupe Danone • Royal Numico • Amsterdam • Euros • CFO • Paris • buyout

Dow Jones Scenarios Multiply

Companies may join forces to counter Murdoch bid

Jun 18, 07 8:35 AM CDT
(Newser) - Members of the Bancroft family would retain a stake in Dow Jones after selling a majority interest to GE and Pearson if one possible arrangement plays out, media outlets owned by the players are reporting. The Wall Street Journal outlines a venture incorporating Dow Jones, Pearson's Financial Times, and GE's... More »

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Rupert Murdoch • Wall Street Journal • Dow Jones • Bancroft family • shareholders • Pearson • GE • stock • News Corp

Senate Puts Blackstone on Notice

Tax maneuver may derail IPO, transform private equity

Jun 15, 07 12:48 PM CDT
(Newser) - Less than 2 weeks ahead of Blackstone's IPO, bipartisan legislation introduced in the Senate yesterday threatens to hamper or halt the avidly anticipated stock sale. The private equity behemoth's tax bill would more than double if the measure—under which partnerships like Blackstone would pay the 35% corporate rate rather... More »

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private equity • Blackstone Group • taxes • Senate • IPO • stock • hedge fund

China Markets Turn on Lucky Numbers

Investors look
for windfalls in
auspicious stock codes

May 24, 07 10:59 AM CDT
(Newser) - The Journal probes the Chinese practice of picking stocks based on traditional lucky numbers. In a country where middle-class novices dominate the market, new investors snap up stocks with codes that include auspicious 8s, and steer clear of those with ominous 4s. That worries analysts aware of the ripple effect... More »

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China • Chinese stock market • business • stock • market

China Deals
on Finance,
Skips Currency

US-China talks bring good news for securities firms, but no yuan reform

May 23, 07 4:59 PM CDT
(Newser) - Talks between American and Chinese economic officials thudded to a close today, offering mild changes to the financial sector in lieu of major currency reform. The deal hammered out by Treasury Secretary Hank Paulson and China's vice-premier Wu Yi promise foreign financial companies more access to Chinese markets and allows... More »

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China • currency • Henry Paulson • Wu Yi • finance • reform • stock • yuan • US economy

China to Buy $3B Stake
in Blackstone

Beijing moves onto
Wall Street with historic deal

May 21, 07 7:18 AM CDT
(Newser) - The Chinese government will buy a 9.9% stake in Blackstone, the US private equity fund that's about to launch its IPO. The $3 billion purchase of nonvoting shares, the first time China has invested its enormous foreign reserves in commercial stock, is meant to exploit a private equity market... More »

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China • private equity • Stephen Schwarzman • Blackstone Group • business • IPO • stock

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