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And now comes some news about the Facebook IPO that buyers deserve to be outraged about. Reuters Alistair Barr is reporting that Facebook's lead underwriters Morgan Stanley, JP Morgan, and Goldman Sachs, all cut their earnings forecasts for the company in the middle of the IPO roadshow. This by itself is highly unusual (I've never seen it during 20 years in and around the tech IPO business). But, just as important, news of the estimate cut was passed on only to a handful of big investor clients, not everyone else who was considering an investment in Facebook. This is a...
Published on Tuesday 22nd of May 2012 05:10:15 PM
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Stock futures hit after European electionsReuters – 1 hr 29 mins ago NEW YORK (Reuters) - Stock index futures fell after Greek voters trounced ruling parties in elections on Sunday, a result that put the country's future in the euro zone at risk, and as Socialist candidate Francois Hollande won the French presidency. S&P 500 futures were down 12.3 points at 1,350.20 at 7:35 p.m. EDT (2335 GMT), suggesting a fall of about 1 percent when the U.S. stock market opens on Monday.
Published on Tuesday 22nd of May 2012 05:10:15 PM
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Take a look at what happens with BofA stock starting with April 19th. The power of the Internet!
Published on Tuesday 22nd of May 2012 05:10:15 PM
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Eastman Kodak Co., a vanguard name in photography, finally filed for Chapter 11 bankruptcy Thursday following falling sales and rising speculation about its ability to stay afloat. The long-anticipated announcement came after weeks of early eulogies about the faded glory of the former trailblazer, once an American mainstay with products such Kodachrome photographic film and Instamatic cameras. But printed photos seem well on their way to becoming a hipster curiosity as digital technologies -- which originated at Kodak decades ago -- now dominate on smartphones and, to a shrinking degree, cameras. The company, which was also exposed to heavy foreign...
Published on Tuesday 22nd of May 2012 05:10:15 PM
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Notre Dame football legend "Rudy" charged in alleged pump-and-dump stock schemeUpdated: Friday, December 16, 2011, 4:36 PM Daniel Ruettiger, the former walk-on football player at the University of Notre Dame who inspired the 1993 film “Rudy,” agreed to pay $382,000 to resolve U.S. regulatory claims he defrauded investors in his sports-drink company by touting fake taste tests and sales. Ruettiger and 12 others generated more than $11 million in illicit profits by artificially pumping up the stock of Rudy Nutrition, the firm Ruettiger founded, the SEC said in a complaint filed today at U.S. District Court in Las Vegas. The...
Published on Tuesday 22nd of May 2012 05:10:15 PM
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(CBS News) Washington, D.C. is a town that runs on inside information - but should our elected officials be able to use that information to pad their own pockets? As Steve Kroft reports, members of Congress and their aides have regular access to powerful political intelligence, and many have made well-timed stock market trades in the very industries they regulate. For now, the practice is perfectly legal, but some say it's time for the law to change.
Published on Tuesday 22nd of May 2012 05:10:15 PM
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Stocks head for big losses NEW YORK (CNNMoney) -- U.S. stocks headed for a big drop at Wednesday's open after Italy's key bond rate rose above a critical 7% level -- a sign that Prime Minister Silvio Berlusconi's pledge to step down failed to calm world markets. The Dow Jones industrial average (INDU), S&P 500 (SPX) and Nasdaq (COMP) futures fell more than 2%. Stock futures indicate the possible direction of the markets when they open at 9:30 a.m. ET. Berlusconi's departure could come as late as the first week of December, after a final vote on the budget. And...
Published on Tuesday 22nd of May 2012 05:10:15 PM
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FTSE, DAX, CAC to Open Sharply Lower Published: Tuesday, 4 Oct 2011 | 1:35 AM ET By: Antonya Allen Assistant Editor, CNBC.com European stocks were expected to open lower on Tuesday after falling to their lowest close in a week on Monday with banking stocks among the biggest losers following an admission by Greece that it will miss its deficit targets for the year. The FTSE [.FTSE 4910.32 -165.18 (-3.25%) ] is called 100 points lower, while Germany's DAX [.GDAXI 5181.08 -195.62 (-3.64%) ] is expected to open 114 lower and the CAC 40 [CAC40 2839.20 -87.63 (-2.99%) ]in France...
Published on Tuesday 22nd of May 2012 05:10:15 PM
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DJI 10,808.87 Down -315.97 -2.84%
Published on Tuesday 22nd of May 2012 05:10:15 PM
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I am 26 and recently graduated from school. For the past almost 2 years I have been running a 401k with the tiny percentage of money I can afford to put into it with the full expectation that Social Security won't be around when I'm eligible for it, regardless of the fact I've had to pay into it. I find it really scary how many people I know around my age that aren't saving at all. At first my work only offered a regular 401 so I put in slightly above the % for employer matching. Then they offerred a...
Published on Tuesday 22nd of May 2012 05:10:15 PM
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