Categories for Stocks

Warren Buffett Buys $1 Billion Stake in Apple Stock

May 16, 2016 4:39 pm  | Comments: 0 | Views: 4262
Berkshire Hathaway (BRKA), the conglomerate holding company owned by business mogul Warren Buffett, disclosed in a regulatory filing Monday that the company owned 9.81 million shares in Apple, Inc. (AAPL) stock at the end of the first quarter, worth about $1.1 billion. Marking the company’s fist investment in Apple, Berkshire is now ranked as the 56th… View Article

Oprah Buys a 10% Stake of Weight Watchers

October 21, 2015 4:12 pm  | Comments: 0 | Views: 3730
Oprah Winfrey has struggled with her weight publicly since the late 1980’s but one program she has always believed in is Weight Watchers. Ranked the top three weight loss programs in the United States which also includes Jenny Craig and Nutrisystem, Weight Watchers believes in no limitations but assigning point values to all food and… View Article

SeaWorld Stock Continues to Plummets

October 10, 2015 5:10 pm  | Comments: 0 | Views: 3765
Ever since the documentary Blackfish was released, SeaWorld has been feeling the outrage regarding its continued policies of keeping orcas in captivity to breed for entertainment purposes. In a recent earnings report, SeaWorld Entertainment revealed that they suffered an 84% drop off in earnings for its second quarter, which is usually its busiest time of… View Article

A New Focus on Wall Street Crime Has Been Declared

September 10, 2015 5:24 pm  | Comments: 0 | Views: 3273
The United States Justice Department had made a pledge to focus on white collar crime on Wall Street after a series of reports on misconduct and the current financial crisis. Deputy Attorney General, Sally Yates stated: “Crime is crime. And it is our obligation at the Justice Department to ensure that we are holding lawbreakers… View Article

Zillow Buys Trulia For $3.5 Billion

October 26, 2014 8:30 am  | Comments: 0 | Views: 5683
Zillow will acquire Trulia in a $3.5 billion stock deal, the companies announced Monday. The deal, approved by both companies’ boards, is expected to close next year. The real estate brands will continue to operate under their individual names. Trulia CEO Pete Flint will maintain his position and report to Zillow CEO Spencer Rascoff. Trulia… View Article

Belgium, China, and a U.S. Bond Mystery

October 21, 2014 2:30 pm  | Comments: 0 | Views: 3562
There’s a big mystery in the bond market. Solving it could be the key to figuring out why U.S. government bond yields have remained so low. Sleepy Belgium has been buying American bonds more than anyone else, more than doubling its holdings in the last year. The trend is reflected in monthly data from the… View Article

Markets weigh risks of Malaysia airlines crash

July 21, 2014 2:30 pm  | Comments: 1 | Views: 3491
News that a Malaysia Airlines passenger jet went down in Ukraine near the Russian border has spooked investors, causing stocks to lose altitude and investors to flock to so-called havens. It is not unusual for investors to run for cover when unexpected events — with so many unanswered questions and potential consequences — occur. This… View Article

Ousted American Apparel CEO hands over stake to hedge fund

July 10, 2014 8:21 pm  | Comments: 1 | Views: 10354
(Reuters) – Ousted American Apparel Inc (APP.A) Chief Executive Officer Dov Charney has handed over his entire stake and voting rights in the struggling retailer to Standard General LP, enabling the fund to negotiate directly with the independent directors over the company’s future, two sources close to the matter said on Wednesday. Earlier Standard General… View Article

Oil Demand To Rise As Iraq Unrest Spikes Prices

June 23, 2014 2:30 pm  | Comments: 0 | Views: 4548
As Iraq’s mounting unrest pushes crude oil prices to their highest levels this year, a report Friday predicts that global oil demand will increase and Iraq will be a key producer. The International Energy Agency report forecasts a jump in global oil demand, which affects both oil and gasoline prices, from 91.4 million barrels per… View Article
Stocks Mixed On Consumer Spending, Sentiment Data

Stocks Mixed On Consumer Spending, Sentiment Data

May 30, 2014 4:32 pm  | Comments: 0 | Views: 3348
Stocks were mostly unchanged Friday as investors reacted to two negative economic reports that focused on U.S. consumers. Lions Gate Entertainment plunged more than 10 percent after the film studio known best for “The Hunger Games” reported a steep drop off in quarterly income. KEEPING SCORE: The Dow Jones industrial average lost 18 points, or… View Article