Posts Tagged ‘street’

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Epic Tech IPOs: 3 Triumphs, a Travesty, and a Tragedy

A youngster with a disdain for wealth, distrustful of Wall Street bankers, suddenly scores millions of dollars for himself and his hacker friends. Ah, Bill Gates was quite the story back in 1986. As Facebook winds down its first day of trading , here’s a look back on the drama of some of tech’s other—sometimes eerily similar—classic IPOs

Published by on May 18th, 2012 at 01:05 pm
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Why Warren Buffett Really Likes Newspapers

When Warren Buffett announced that his company, Berkshire Hathaway, was buying 63 newspapers from Media General on May 17, he issued a soaring statement about his belief in a beaten-down industry. “In towns and cities where there is a strong sense of community, there is no more important institution than the local paper,” Buffett said.

Published by on May 17th, 2012 at 11:05 am
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STOCKS NEWS SINGAPORE-Index up from 4-month low, outlook weak

Thu May 17, 2012 1:52am EDT Singapore shares partly recovered by midday from the previous day’s sell-off, but analysts said the outlook was weak and warned of earnings downgrades. The Straits Times Index was up 0.5 percent after falling 1.6 percent on Wednesday.

Published by on May 16th, 2012 at 11:05 pm
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STOCKS NEWS SINGAPORE-UOB expects consensus downgrades for market

Thu May 17, 2012 1:11am EDT Singapore companies are likely to see cuts in earnings estimates after a weak quarterly performance, UOB Kay Hian said. The number of poorer-than-expected results was one of the highest since 2009, with 38 percent of the results in January-March coming in below market expectations versus 31 percent in the previous quarter, the brokerage said, citing rising cost pressures as a factor.

Published by on May 16th, 2012 at 10:05 pm

DealBook: As Volcker Rule Nears, Banks Tread Fine Line on Proprietary Trading

When JPMorgan Chase revealed its $2 billion loss last week, it looked as though the big Wall Street banks were up to their old tricks, using their government-backed funds to make risky trades in a misguided effort to improve their profits. But even banks that focus mainly on good, old-fashioned lending do their fair share of high-stakes trading. While few other banks, if any, pursue the complex strategies that led to JPMorgan’s losses, many traditional lenders regularly buy and sell securities, and make bets with derivatives , as part of their core operations

Published by on May 13th, 2012 at 08:05 pm
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