Yahoo! Finance: The Daily Ticker |
SEC Dropping Lehman Case: Where?s the Outrage?
Follow The Daily Ticker on Facebook! After more than three years of investigating the largest corporate bankruptcy in U.S. history, the Securities and Exchange Commission is reportedly dropping the case against Lehman Brothers. "The staff has concluded its investigation and determined that charges will likely not be recommended," reads an internal SEC memo, obtained by [...]
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Movie Theaters Bank On Summer Blockbusters To Boost Ticket Sales
Follow The Daily Ticker on Facebook! This summer's crop of movie blockbusters are already shattering box office records and driving up attendance at the nation's movie theaters, giving big returns to major Hollywood studios and theater owners before the official start of the summer popcorn movie season this Memorial Day weekend. Walt Disney Studios' (DIS) [...]
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Facebook Is Killing Silicon Valley: Entrepreneur
Follow The Daily Ticker on Facebook! Serial tech entrepreneur and professor Steve Blank argues that Facebook and the "social media" craze are ruining Silicon Valley's innovation machine. How? By making venture capitalists so greedy that they're only funding companies that could be worth billions of dollars in a couple of years. In the old days, [...]
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Keystone Pipeline: Good or Bad for Gas Prices?
Follow The Daily Ticker on Facebook! Congress has just over a month to pass a $106 billion transportation bill that would pave the way for new highways, railways and bridges in this country. Lawmakers are making progress on the legislation; however, there is one major hold up: the Keystone Pipeline. If Congress cannot agree to [...]
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U.S. Economy Has Momentum But ?Dramatic Seizure? of Capital Markets Is Big Risk: Laura Tyson
Follow The Daily Ticker on Facebook! Thursday brought a raft of data pointing toward a global economic slowdown, including: Markit PMI for Europe falling to 45.9 from 46.7 in April while the May German IFO business confidence hit a six-month low and the U.K. reported a steeper-than-expected drop in third-quarter GDP. Meanwhile, HSBC's flash manufacturing [...]
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Hewlett Packard Slashes Jobs: Can Meg Whitman Save H-P?
Follow The Daily Ticker on Facebook! Can Meg Whitman save Hewlett Packard? The former eBay executive who was hired as H-P chief last September announced the company would lay off about eight percent of its 300,000 workforce over the next two years, one of many changes that are coming to the troubled personal computer and [...]
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Senator Seeks Small Victory In The War Against Big Banks
Senator Bernie Sanders (I-VT), like many observers, views JPMorgan's loss -- $2 billion and counting -- as a warning shot about the risks in the banking system. There's even more concentration of assets in the banking sector now than prior to the 2008 crisis and the five-largest U.S. banks control over 50% of the industry's [...]
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Facebook IPO Fiasco: Here?s How Small Investors Got Rolled Over
Follow The Daily Ticker on Facebook! There is a lot of finger pointing going on about Facebook's initial public offering last Friday. A lot of attention is being focused on the social media giant's Chief Financial Officer David Ebersman, who decided to increase the number of shares offered to investors by 25 percent days before [...]
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Don?t Look Now, But Here Comes Housing!
Follow The Daily Ticker on Facebook! Last decade's housing boom is still inflicting a world of pain on lenders, homeowners and the financial system. Home prices are still falling. But there are growing signs that a sector that had become a massive drag on growth is now becoming a factor that can add to growth. [...]
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Facebook Fallout: Morgan Stanley May Face Legal Liability, Attorney Says
As the dust settles on Facebook's botched IPO, a lot of fingers are being pointed, regulators are investigating and at least one class action lawsuit has been filed against Morgan Stanley and Facebook. "There are issues that we need to look at specifically with respect to Facebook," SEC Chair Mary Schapiro told reporters Tuesday after [...]
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China Airborne: What China?s Big Bet on Aerospace Means for Its Modernization
By Daniel Gross When it comes to the economic future of China, it seems we live in a world of black-and-white, binary choices. Either it is poised to become the world's largest economy and roll on as a juggernaut for decades to come. Or it is a giant, unsustainable bubble that is poised to pop [...]
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Greece Is Tearing Europe Apart Politically, Socially and Economically: William Black
Follow The Daily Ticker on Facebook! European heads of state are meeting in Brussels Wednesday to discuss the euro zone's sovereign debt crisis and more importantly, the fate of Greece. Germany's Angela Merkel expressed a willingness to drop some of her austerity demands on Greece at last weekend's G8 summit; some fear this reversal comes [...]
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JPMorgan?s ?Wild, Crazy Insane Gamble? Puts Global Economy at Risk: Bill Black
Follow The Daily Ticker on Facebook! Jamie Dimon was not on Capitol Hill Tuesday but he and JPMorgan's big loss were center stage at a Senate Banking Committee hearing. "The company's massive trading loss is a stark reminder of the financial crisis of 2008 and the necessity of Wall Street reform," said Committee Chairman Tim [...]
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?What?s Geithner Thinking?? Treasury Grants China Direct Access to Buy U.S. Bonds
Follow The Daily Ticker on Facebook! In an unprecedented move, in June 2011 the U.S. Treasury Department granted the Chinese government direct-bidder status to purchase U.S. Treasuries direct from the U.S. government, reports Reuters. All other central banks must purchase U.S. Treasuries through primary dealers on Wall Street, which then place bids on their behalf [...]
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Facebook Bankers Secretly Cut Facebook?s Revenue Estimates In Middle Of IPO Roadshow
Follow The Daily Ticker on Facebook! And now comes some news about the Facebook (FB) IPO that buyers deserve to be outraged about. Reuters' Alistair Barr is reporting that Facebook's lead underwriters, Morgan Stanley (MS), JP Morgan (JPM), and Goldman Sachs (GS) all cut their earnings forecasts for the company in the middle of the [...]
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U.S. Energy Policy?Brought to You by ExxonMobil
Follow The Daily Ticker on Facebook! Every time oil and gas prices jump, as they have in the past year, a great cry goes up: If only America had an energy policy. Well, we do have an "energy policy," it's just being directed by ExxonMobil (XOM), not Washington, D.C., according to Steve Coll, president of [...]
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Gasoline Prices Keep Falling But Relief Could Be Short Lived
Follow The Daily Ticker on Facebook! Prices at the pump have fallen 6.19 cents per gallon in the past two weeks and are down more than 12 cents from the year-to-date high in early April according to the latest Lundberg Survey that tracks 2,500 stations across the country. The decline in gasoline prices mirrors the [...]
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Hope for More Bailouts Boosts Global Stocks, But Can?t Save Facebook
With the glaring exception of Facebook, stocks rose modestly Monday morning amid hopes global policymakers will try to stimulate growth rather than focusing on austerity. At Saturday's meeting at Camp David, G-8 leaders stressed their "imperative is to promote growth and jobs." Separately, and perhaps more importantly, Chinese Premier Wen Jiabao declared this weekend "to [...]
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Facebook Crashes Through IPO Price But That Doesn?t Make It a ?Failure?
Facebook (FB) traded sharply lower this morning, crashing through Friday's IPO price. And this unleashed a new round of criticism and disappointment among investors who apparently thought they would get a lot of free money from Facebook just for participating. There are two specific complaints about the IPO. The first, that NASDAQ blew the offering [...]
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Student Loan Bubble Putting Hundreds of Colleges at Risk
Provided by Business Insider Very few topics have received as much attention as the student loan/debt bubble. The size, scope, and impact of this problem is an enormous anchor weighing down our next generation and our nation's economy. Make no mistake, this anchor is not only impacting thousands of students and families but is also [...]
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