Keyword: shares

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  • Obama: ‘Nobody Shares the Frustrations of the American People More Than I Do’

    10/15/2013 7:10:38 PM PDT · by Nachum · 65 replies
    President Obama understands "the frustrations of the American people" more than anybody else. At least, that's what he told WABC in an interview: "One thing that I've shown is that if I say I'm prepared to compromise on something, I can deliver votes and we can get it done," Obama said. "So, look: Nobody shares the frustrations of the American people more than I do because I see day in and day out the damage that something like a shutdown does."
  • Millions to profit from Royal Mail shares as Labour insists sale too cheap

    10/08/2013 12:27:03 AM PDT · by Olog-hai · 1 replies
    Daily Telegraph (UK) ^ | 10:00PM BST 07 Oct 2013 | Christopher Hope, Louise Armitstead and Steve Hawkes
    Small investors who have applied for shares in Royal Mail could be sitting on a profit of hundreds of pounds, according to early City forecasts. A late rush has pushed demand to levels experienced during the privatizations of the late Eighties when British Gas and other state industries were sold off. … Chuka Umunna, the shadow business secretary, renewed his calls for the sale to be pulled because the shares were too cheap. He said: “The Government should never have valued the company so low in the first place. It appears to be selling it at an undervalue. The Government...
  • Bankia SA : Spain's Bankia shares suspended: regulator (Spain's Largest Bank!)

    05/25/2012 12:18:01 AM PDT · by tcrlaf · 3 replies
    Thomson Reuters ^ | 5-25-12 | Tracy Rucinski
    Trading in the securities of Spanish lender Bankia has been suspended "due to circumstances that may affect the normal share trading," stock market regulator CNMV said on Friday. Bankia will ask the state for more than 15 billion euros ($19 billion) to bail it out when its new management team presents a restructuring plan on Friday, a financial sector source said late on Thursday.
  • Bank of America shares close below $5

    12/19/2011 5:07:51 PM PST · by Nachum · 17 replies
    Yahoo ^ | 12/19/11 | Reuters
    NEW YORK (Reuters) - Shares of Bank of America Corp closed below $5 on Monday for the first time since the depths of the bear market in March 2009. The stock closed at $4.99, down 4 percent, after dropping as low as $4.92. The shares haven't closed below $5 since March 11, 2009. Shares of financial institutions have declined on worries about the global economy and possible exposure to sovereign defaults in Europe. Bank of America, in particular, faces concerns about whether it has enough capital to absorb mortgage-related losses and meet new international standards. With more than 275 million...
  • Dollar to drop on S&P move; safe-haven demand seen

    08/07/2011 3:57:34 AM PDT · by markomalley · 6 replies
    Reuters/Yahoo ^ | 8/7/11 | Saikat Chatterjee
    The U.S. dollar may weaken and Treasury yields rise when Asian markets reopen on Monday, though any selling in response to ratings agency S&P's downgrade of the United States is likely to be tempered by the escalating crisis in the euro zone. The S&P cut in the U.S. long-term credit rating by a notch to AA-plus is an unprecedented blow and results from concerns about the nation's budget deficits and climbing debt burden. It called the outlook "negative," signaling another downgrade is possible in the next 12 to 18 months. "The initial reaction will be a high degree of uncertainty...
  • GAP Shares Plunge, As Company Says It Will Get Slaughtered By Rising Inflation

    05/19/2011 2:34:35 PM PDT · by SeekAndFind · 5 replies
    Business Insider ^ | 05/19/2011 | Joe Weisenthal
    Shares of The GAP are plunging after hours, after the company put out a huge earnings warning for coming quarters. The stock is off 14%. What's interesting is the why: Inflation. As stated earlier in the year, the company expects business performance during fiscal year 2011 to be heavily impacted by pressure from sourcing cost inflation, particularly in its value channels. While the company anticipated that the cost of goods would increase during the back half of the year, costs are actualizing above the initial estimates. The company now expects product costs per unit to be up about 20 percent...
  • Microsoft shares hit by Goldman downgrade (No firm foothold in smartphones and tablet computers)

    10/04/2010 9:11:42 AM PDT · by WebFocus · 27 replies
    Reuters ^ | 10/04/2010
    (Reuters) - Microsoft Corp (MSFT.O) shares fell 2 percent on Monday after Goldman Sachs cut its rating to "neutral," citing worries of a slow recovery in PC sales and a threat from tablet computers, which do not include Windows software. Goldman said the PC refresh cycle, which many had hoped would swing higher this year and bolster demand for Microsoft's products, now appeared "more elongated." It also said that Microsoft's problems were "not just a this-year issue," saying revenue and investor sentiment would remain under pressure until the world's largest software maker gains a firmer foothold in smartphones and tablet...
  • Billboard buyer shares why he brought 'Vote Obama?' sign to the Ozarks

    09/01/2010 5:44:33 PM PDT · by Nachum · 18 replies · 1+ views
    KY3-TV News [Springfield, MO] ^ | 9/1/10 | Marie Saavedra
    When it comes to politics, there may be as many opinions as cars cruising down U.S. 65. So, naturally, there are different reactions to a billboard south of Ozark that says "Voted Obama? Embarrassed yet?" (snip) "My partner and I felt lots of frustration here lately, and we liked that sign and we thought that was a reasonable question to ask," Steve Critchfield said in a telephone interview on Monday. (snip) Critchfield says he's received death threats due to the sign; people accuse him of hate speech and racism.
  • BP shares soar as spill spreads (rises 9%, relief well one week ahead of schedule)

    07/06/2010 4:59:30 PM PDT · by NormsRevenge · 4 replies
    Reuters on Yahoo ^ | 7/6/10 | Kristen Hays
    HOUSTON (Reuters) – Drilling of a relief well seen as the most promising way to plug the BP oil spill in the Gulf of Mexico is a week ahead of schedule, the U.S. official overseeing the spill response said on Tuesday. But crews were still aiming to reach BP's blown-out well only in mid-August, Retired Coast Guard Admiral Thad Allen said on Tuesday, 78 days after an explosion on the Deepwater Horizon drilling rig killed 11 people and burst an oil well, now spewing up to 60,000 barrels of crude into the Gulf each day. BP's shares rose nearly 9...
  • BP chief Tony Hayward sold shares weeks before oil spill

    06/05/2010 10:04:51 AM PDT · by Dubya-M-DeesWent2SyriaStupid! · 191 replies · 4,014+ views
    .telegraph.co.uk/finance/news ^ | June 5, 2010 | Jon Swaine and Robert Winnett
    The chief executive of BP sold £1.4 million of his shares in the fuel giant weeks before the Gulf of Mexico oil spill caused its value to collapse. BP chief executive Tony Hayward has been under intense pressure since the oil well erupted on April 20Tony Hayward cashed in about a third of his holding in the company one month before a well on the Deepwater Horizon rig burst, causing an environmental disaster. Mr Hayward, whose pay package is £4 million a year, then paid off the mortgage on his family’s mansion in Kent, which is estimated to be valued at...
  • Global Markets Surging On U.S. Economic Hope

    06/03/2010 7:18:05 AM PDT · by blam · 10 replies · 293+ views
    The Business Insider ^ | 6-3-2010 | Vincent Fernando, CFA
    Global Markets Surging On U.S. Economic Hope Vincent Fernando, CFA Jun. 3, 2010, 4:32 AM Asia and Europe have surged on positive economic news from the U.S. yesterday, with major European indices up 1.5% to over 2%. Japan's Nikkei has lead Asian gains, with the Nikkei 225 up over 3%. The MSCI Asia APEX 50 is up 2.4%. Hong Kong's Hang Seng established nearly 1.5% gains, though mainland China's CSI 300 is down under 1%. The euro has had a bit of a rally, breaking back above $1.23. The yen is surging, continuing the post-Hatoyama resignation run. The U.S. dollar...
  • Goldman Sachs shares plunge as feds open criminal probe

    04/30/2010 1:30:23 PM PDT · by NormsRevenge · 6 replies · 305+ views
    AP on Mercury News ^ | 4/30/10 | Marcy Gordon - ap
    WASHINGTON (AP) — Shares of Goldman Sachs Group Inc. plunged 9 percent Friday after word that the Justice Department had opened a criminal investigation of the Wall Street powerhouse over mortgage securities deals it arranged. The criminal inquiry follows civil fraud charges filed by the government against Goldman two weeks ago and as Congress pushes toward enacting sweeping legislation aimed at preventing another near-meltdown of the financial system. The investigation by the U.S. attorney's office in Manhattan stems from a criminal referral by the Securities and Exchange Commission, a knowledgeable person said Thursday. The person spoke on condition of anonymity...
  • GLOBAL MARKETS-Gold At New High On Weak Dollar, Shares Slip

    11/12/2009 6:00:32 AM PST · by blam · 13 replies · 420+ views
    Reuters ^ | 11-12-2009 | Susan Fenton
    GLOBAL MARKETS-Gold At New High On Weak Dollar, Shares Slip Thu Nov 12, 2009 2:39am EST By Susan Fenton HONG KONG, Nov 12 (Reuters) - Gold rose above $1,120 an ounce to a fresh record high on Thursday as the U.S. dollar wavered near 15-month lows, while Asian shares lost ground as investors took profits after four days of gains. Financial spreadbetters expected British and French shares to follow Asian markets lower but saw a higher opening for Germany's DAX share index U.S. equity futures slipped 0.4 percent. The dollar fell to a 15-month low in early trade before recouping...
  • Insurer AIG's shares slide 8.6% on analyst downgrade (How's that hope & change workin'?)

    09/08/2009 2:38:37 PM PDT · by Libloather · 3 replies · 363+ views
    INO.com ^ | 9/08/09
    Insurer AIG's shares slide on analyst downgrade1 hour, 35 minutes ago (AP:NEW YORK) The near-term sale of American International Group Inc.'s assets will leave little value for common equity holders, a Credit Suisse analyst said Tuesday, downgrading the troubled insurance giant and slashing his price target for the stock in half. Shares slid $3.58, or 8.9 percent, to $36.47 in late trading. Analyst Thomas Gallagher downgraded his AIG rating to "underperform" from "neutral" and wrote in a research note that the government's plan to be a bridge rather than a permanent stakeholder suggests meaningful asset sales or initial pubic offers...
  • Swine flu fears may hit airline, hotel shares

    04/26/2009 4:07:43 PM PDT · by TornadoAlley3 · 12 replies · 744+ views
    business.timesonline.co.uk ^ | 04/27/09 | Leo Lewis and Dominic Walsh
    Travel and hotel groups are braced for a turbulent ride today as stock markets react to fears over the strain of swine flu that was reported to have killed up to 71 people and closed much of public life in Mexico at the weekend. Analysts said that the news would revive memories of the 2002-03 severe acute respiratory syndrome (Sars) outbreak. Although the disease, first noticed in southern China in November 2002, was short-lived, it caused the deaths of 774 people worldwide and had a devastating impact on the Asian economy — particularly in Hong Kong — and on the...
  • Buffett sticks to his view that shares are best long-term investment

    03/09/2009 12:41:00 PM PDT · by SeekAndFind · 10 replies · 579+ views
    The Guardian ^ | March 9,2009 | Ian Griffiths
    Warren Buffett, the US investor dubbed the Sage of Omaha, continues to be a cheerleader for equities despite recent spectacular misjudgments on the timing of his buy and hold philosophy. In a wide ranging interview with the CNBC television todayhe insisted that over 10 years, "you will do considerably better owning a group of equities" than US treasury bonds. This echoed his comments to the New York Times in Oct­ober that he was buying US equities. Since then the Dow Jones industrial average has fallen by over 26% and more than 2,300 points as it tests lows which have not...
  • Swiss Re turns to Warren Buffett, shares plummet

    02/05/2009 10:55:14 AM PST · by NormsRevenge · 2 replies · 259+ views
    AFP on Yahoo ^ | 2/5/09 | Andre Lehmann
    ZURICH (AFP) – The world's biggest reinsurer Swiss Re turned to Wall Street sage Warren Buffett for fresh funds Thursday after massive losses while Zurich Financial earnings plunged due to the global financial crisis . Swiss Re shares tumbled on the news, with the stock down 28.1 percent at 21.7 francs by close of trading while the overall Swiss Market Index fell by 2.3 percent. The insurance sector woes dealt another blow to Switzerland's prized status as a major world financial centre, already under pressure after colossal losses and writedowns incurred by the country's biggest banks, UBS and Credit Suisse....
  • Investors Warned Of Slide In Shares (UK)

    10/24/2007 5:46:12 PM PDT · by blam · 50+ views
    The Telegraph (UK) ^ | 10-25-2007 | Edmund Conway
    Investors warned of slide in shares By Edmund Conway, Economics Editor Last Updated: 1:42am BST 25/10/2007 The credit crisis is far from over and British shareholders are at serious risk of becoming its next victims, the Bank of England warns. Full coverage of the credit crisis | Interest rates In an unexpectedly downbeat report on the state of the British financial system, the bank warns that the UK stock market is "particularly vulnerable" to a downturn. Almost all British workers have money invested in shares – either directly or indirectly through their pensions and life assurance plans – and could...
  • Fear in the City as shares plunge again (FTSE)

    08/16/2007 6:28:58 PM PDT · by blam · 2 replies · 357+ views
    The Telegraph (UK) ^ | 8-17-2007 | Harry Wallop
    Fear in the City as shares plunge again By Harry Wallop, Consumers Affairs Correspondent Last Updated: 1:34am BST 17/08/2007 Shares on the London stock market plunged yesterday in their biggest one-day fall for more than four years amid fears that the British economy could be badly damaged. Turmoil engulfed the world markets as financial traders, already nursing heavy losses from last week, started to panic again over the American mortgage crisis. London's FTSE 100 index of leading shares ended the day down 4.1 per cent or 250 points at 5,859, the largest loss since March 2003. With £60 billion wiped...
  • China's masses rise up and buy stocks

    05/09/2007 1:25:39 PM PDT · by alnitak · 13 replies · 682+ views
    Asia Times ^ | May 9, 2007 | SUN WUKING
    HONG KONG - Mass movements are part of Chinese tradition. Chinese people tend to act as a group and, whenever conditions are ripe, they rush to join with someone or some group taking the lead. Hence a "mass movement" can be easily formed. In the 1960s and 1970s, there were the "all people becoming citizen-soldiers" movement and the Cultural Revolution launched by Mao Zedong. In the era of economic reform and opening up, "mass movements" appear to have become more spontaneous. In the 1980s, there was a time when "all people rushed to do commercial businesses". And now we are...
  • Couple Shares Re-enlistment 'Vows' at Taji

    02/06/2007 4:54:47 PM PST · by SandRat · 3 replies · 294+ views
    Defense News ^ | Sgt. Jon Cupp
    U.S. Army Staff Sgt. Joshua Thomsen & U.S. Army Sgt. Karla Thomsen Couple Shares Re-enlistment 'Vows' at Taji By Sgt. Jon Cupp 1st Brigade Combat Team 1st Cavalry Division Public Affairs CAMP TAJI, Iraq, Feb. 6, 2007 — Justin and Karla Thomsen do just about everything together - even go to war. So, it was no surprise that the two 1st Cavalry Division noncommissioned officers re-enlisted together here Jan. 25. Staff Sgt. Joshua Thomsen is a chemical operations specialist with Company D, 2nd Battalion, 8th Cavalry Regiment from Oxnard, Calif. His wife, Sgt. Karla Thomsen, is a joint network node...
  • AOL founder says he is 'sorry' for Time Warner merger

    07/24/2006 7:35:49 PM PDT · by LdSentinal · 42 replies · 1,380+ views
    Reuters ^ | 7/24/06
    NEW YORK (Reuters) - Steve Case, co-founder of the one-time biggest online service AOL, apologized for the company's merger with media conglomerate Time Warner Inc. in an interview with U.S. journalist Charlie Rose. In an interview broadcast on Friday, Case, who was shoved aside as chairman in 2003 and who left the board entirely in 2005, said, "Yes, I'm sorry I did it," referring to the 2001 merger of Time Warner and AOL. The deal, known as one of the worst corporate mergers in history, destroyed some $200 billion in shareholder value. Last October, Case argued in a Washington Post...
  • America Supports You: Woman Shares Her Love for Patriotic Art

    07/04/2006 12:33:16 PM PDT · by SandRat · 5 replies · 335+ views
    America Supports You ^ | Ashleigh Covington
    WASHINGTON, July 4, 2006 – Eileen Schwartz did not lose a loved one in the terrorist attacks of Sept. 11, 2001, but she did lose a deep sense of security. A sample of artwork submitted to the Flags Across the Nation annual art contest. This piece is featured on note cards that are sold on the Web site to raise money for troop-support causes. Courtesy photo   Schwartz wanted to release her fears and bring the patriotic spirit back to her hometown of San Diego. As a result, she founded Flags Across the Nation, hoping to make a difference and...
  • For-Profit Education Shares are Down

    06/25/2006 6:41:44 PM PDT · by G. Stolyarov II · 155+ views
    TheBizofKnowledge ^ | June 21, 2006 | Dr. Bill Belew
    Apollo Group is the biggest of the ForPro education groups. It owns the University of Phoenix. Yesterday its stock fell 2 percent after reporting lower third-quarter profits because of higher costs. Corinthian Colleges is another of the big players. It, too, reported a loss of 3 cents/share. DeVry lost 15 cents, and Educational Services lost 3 cents/share as well. Everybody's trading down, albeit down very little. Does this mean that the quality of education provided by these groups has also dipped? Are students losing out 2% on their classes? or 3 cents/dollar they spend on their tuition? Hardly. One of...
  • FedEx Earnings Soar As Strong Economy Lifts Transport Firms

    06/21/2006 8:18:33 PM PDT · by CAWats · 9 replies · 285+ views
    Investor's Business Daily ^ | 6/21/2006 | Amy Reeves
    Investors got a friendly package from FedEx (FDX) Wednesday: big quarterly results and higher forecasts. Fiscal fourth-quarter earnings rose 25% to $1.82 a share, beating views by 5 cents. Revenue gained 10% to $8.49 billion. Even better were operating margins, which jumped 160 basis points to 10%. FedEx expects to earn $1.45-$1.60 in the first quarter, above Wall Street targets of $1.43. FedEx shares rose 5% to 49.22, 5% off their April peak. Other transports that held up during the market slump also jumped. Results from FedEx and Morgan Stanley (MS) spurred a market rally. The Dow rose 1%, the...
  • Coalition's Deputy Commander in Iraq Shares Initial Impressions

    05/12/2006 5:49:43 PM PDT · by SandRat · 6 replies · 241+ views
    WASHINGTON, May 12, 2006 – With two months of duty in Iraq under his belt, the British deputy commander of Multinational Force Iraq said today he's struck by the scope of the mission, the importance of the non-military as well as military contributions to success and the caliber of the U.S. forces deployed there. Lt. Gen. Robert Fry of the British Royal Marines told Pentagon reporters by satellite today he's been amazed by the scale of the enterprise under way in Iraq on the political, security and economic fronts. "We are actually trying to transform a whole society," said Fry,...
  • Boeing shares reach record high after GE orders 737s

    03/29/2006 9:13:48 AM PST · by ConservativeStatement · 7 replies · 454+ views
    MarketWatch ^ | March 29, 2006 | August Cole
    Boeing Co. shares reach a record $79.25 on Wednesday after announcing that General Electric's aircraft leasing unit ordered 30 more 737s and may order 30 more. Boeing shares topped their previous all-time high of $79.20 set on March 21.
  • B-52 Pilot Shares Experience, Contributions

    03/20/2006 3:13:29 PM PST · by SandRat · 11 replies · 595+ views
    Defend America News ^ | Master Sgt. Scott King
    U.S. Air Force Maj. Andrea Jensen, 40th Expeditionary Group B-52 pilot, performs pre-flight checks in a B-52 Stratofortress. Jensen has accumulated 100 combat flying hours providing close air support for troops on the ground in Afghanistan in the B-52. U.S. Air Force photo by Senior Master Sgt. John Rohrer U.S. Air Force Maj. Andrea Jensen B-52 Pilot Shares Experience, Contributions By Master Sgt. Scott King 40th Air Expeditionary Group Public Affairs OPERATION ENDURING FREEDOM, March 20, 2006 — She follows Air Force history – through her family’s footsteps. Her dad, and his brother and sisters grew up in an...
  • Former hostage shares lessons with terrorism conference attendees

    03/13/2006 4:31:45 PM PST · by SandRat · 3 replies · 336+ views
    Air Force Links ^ | Joe N. Wiggins
    3/13/2006 - SAN ANTONIO (AFPN) -- “They came to the door dressed as plumbers, claiming they needed to fix a leak,” said retired Army Maj. Gen. James Dozier. But, that was only the beginning of the general’s six-week ordeal as a hostage. He described his ordeal to group of conference attendees here March 10. “I didn’t know at the time that I or any member of NATO was being targeted,” the general said. “Later I learned they had been observing me and other NATO officials for some time.” Italian police officials became aware of some of those surveillance efforts by...
  • Kerkorian Buys Back 12 Million GM Shares

    01/26/2006 7:45:56 AM PST · by apackof2 · 15 replies · 587+ views
    ABC News ^ | 1.26.06 | DEE-ANN DURBIN AP Auto Writer
    DETROIT Jan 26, 2006 — Billionaire investor Kirk Kerkorian is acquiring 12 million shares of General Motors Corp. stock, matching the number of shares he sold in December, a federal regulatory filing showed on Wednesday. Kerkorian's private equity firm, Tracinda Corp., bought 5 million shares of GM stock on Monday for an average purchase price of $21.40, or approximately $107 million, it said in a filing with the Securities and Exchange Commission. On Tuesday, Tracinda agreed to purchase an additional 7 million GM shares in a private transaction for $22.25 per share, or approximately $155.8 million. Those purchases would boost...
  • Gold stocks shine again [Australia]

    09/17/2005 5:20:04 PM PDT · by BlackVeil · 12 replies · 350+ views
    Herald Sun ^ | 18 Sept 2005 | By ANTHONY BLACK
    THE price of gold is expected to rise creating, investment opportunities in listed stocks, according to analysts. The precious metal has risen from US$413 an ounce on May 31 to US$458.63 yesterday. Bullion was trading at US$373 an ounce two years ago. And a rising price has been reflected in several gold stocks posting healthy gains. The share price of Australia's biggest gold producer Newcrest Mining has risen more than $5 in the past 12 months to close at $19.45 on Friday. Lihir Gold has gone up more almost 60 per cent in the past year to finish at $1.63...
  • General Shares Thoughts as 9/11 Anniversary Approaches

    09/07/2005 7:40:31 PM PDT · by SandRat · 2 replies · 191+ views
    American Forces Press Service ^ | Sep 7, 2005 | John D. Banusiewicz
    BOULDER, Colo., Sept. 7, 2005 – The approaching anniversary of the Sept. 11, 2001, terrorist attacks on the United States gives Americans cause to think about things that happened before, during and after that day, the Army's chief of public affairs told an audience here Sept. 6. Brig. Gen. Vincent Brooks told the Boulder Valley Rotary Club it's important to "reflect on the circumstances that led up to 9/11, what we faced on 9/11, and what we continue to face today." The general said he's reminded of Sept. 11 every day when he gets to his office, which is about...
  • Chief Shares Vision of Future National Guard

    09/02/2005 5:03:22 PM PDT · by SandRat · 3 replies · 332+ views
    TransFormation DoD ^ | Sep 2, 2005 | Spc. Benjamin Cossel
    ORLANDO, FL, Sept. 2, 2005 – A relevant, reliable, ready, and accessible National Guard. It’s the mantra Chief of the National Guard Bureau, Lt. Gen. H. Steven Blum, has taken on the road with him every where he goes. On Aug. 21 Blum brought his message to the Rosen Centre Hotel, location of the Enlisted Association of the National Guard of the United States’ 2005 National Conference. Prior to Blum taking the podium, conference attendees were shown a short video where Blum outlined his vision of the future for the National Guard. The key point in the presentation was the...
  • Tax Cuts - A Simple Lesson in Economics - (Humorous example of how taxes work)

    04/21/2005 7:04:47 PM PDT · by CHARLITE · 2 replies · 297+ views
    Raymond S. Kraft Email | APRIL 20, 2005 | DAVID R. KAMERSCHEN, PhD
    While you're watching the political commercials and listening to the politicians spin their web around unsuspecting and misinformed people...here's a "Reality" lesson in economics from David R. Kamerschen,Ph.D, Distinguished Professor of Economics, 536 Brooks Hall, University of Georgia, Athens, GA. http://www.uga.edu/ Top 1% earn 21% of all income; pay 37-1/2% of all taxes Top 5% earn 35% of all income; pay 56-1/2% of all taxes Top10% earn 46% of all income; pay 67% of all taxes Top 25% pay 84% of all taxes Top 50% pay 96-1/2% of all taxes Bottom 50% pay 3-1/2% of all taxes Just in case...
  • Outgoing Toro CEO finds ways to share the wealth

    03/09/2005 6:30:17 AM PST · by Rakkasan1 · 4 replies · 585+ views
    Pioneer Press ^ | 3-9-05 | Dave Beal
    Ken Melrose will leave at the top of his game Tuesday when he wraps up his 21-year run as CEO at Toro Co. His move caps a tenure almost unmatched by any of his big-company peers here. For Melrose personally, the success has turned out to be too much. So great are the riches the Bloomington company's achievements have showered onto him that he now finds himself facing a new challenge: how best to reduce his wealth. Under his leadership, Toro grew exponentially. On a compounded basis, sales rose an average 8 percent annually from 1983 to 2004 and net...
  • Market discipline for Hugo Chavez?

    03/06/2005 11:51:23 AM PST · by Kitten Festival · 1 replies · 377+ views
    The American Thinker ^ | March 6, 2005 | A.M. Mora y Leon
    Sometimes the simplest solutions are the most striking. Blogger Miguel Octavio in Caracas, Venezuela, has suggested the best way for Venezuela to draw some earnings from its Citgo refineries here in the U.S. is to sell shares. Houston-based Citgo has been in the news lately, with Hugo Chavez "threatening" to sell its eight U.S.-based refineries. Chavez says he doesn't get enough money out of them, and the U.S. markets suspect he'd like to sell to more easily cut off oil to the U.S. There are a lot of horse laughs in Houston, of course, given how much money he'd lose...
  • Apple Sets 2-For-1 Stock Split, Stock Up

    02/11/2005 9:48:42 PM PST · by HAL9000 · 75 replies · 1,260+ views
    Reuters | February 11, 2005
    NEW YORK (Reuters) - Apple Computer Inc., whose shares have almost quadrupled in value over the last year on the success of its iPod music player, on Friday said it set a 2-for-1 stock split, and its shares rose almost 4 percent. Shares of Apple have been on a tear as iPod sales have soared with the introduction of less-expensive versions of the music player. The stock has been the best performer in the Nasdaq 100 index and the wider S&P 500 index over the past 12 months. Apple is also one of the most expensive stocks among the...
  • Markets Refuse to Slow Down [Shares at Highest Level Since Feb. 2001]

    12/26/2004 2:34:47 PM PST · by West Coast Conservative · 4 replies · 442+ views
    Financial Times ^ | December 26 2004 | David Larking and Chris Flood
    Asking global equity markets to repeat last year's gain of 31.4 per cent in 2004 was always going to be tough. But after a 12.3 per cent increase in 2004, the FTSE All-World index reached its highest level since February 2001. The performance is all the more respectable given the rocketing price of oil. Concerns over shortages and stronger than expected demand pushed the benchmark Nymex crude futures contract to an all-time nominal high of $56.35 on October 22. This lifted global oil & gas shares by 25 per cent, making them the fifth-best performers of any sector. But the...
  • Bob Dole Slams Kerry

    08/23/2004 8:31:55 AM PDT · by stevejackson · 21 replies · 2,137+ views
    www.netwmd.com ^ | August 23, 2004 | Andrew L. Jaffee
    Bob Dole Slams Kerry By Andrew L. Jaffee, August 23, 2004 Home   Search   Forum   Terms Nothing has really changed for Democratic hopeful John Kerry, except that real war veterans, like Bob Dole, are questioning the “superficial wounds” and resulting “medals” he received during four (4) months service in Vietnam. Kerry is still flailing, trying to cover up a career punctuated by extreme left-wing politics and flip-flopping by talking to voters about his military service. He squandered his acceptance speech at the Democratic National Convention by trying to convince Americans that his tour of duty in Vietnam will make him a great commander...
  • Cable News War- ratings!

    08/20/2004 4:16:11 PM PDT · by DixieOklahoma · 52 replies · 1,464+ views
    Drudge Report ^ | August 20, 2004 | Drudge Report
    CABLE NEWS RACE THU, AUG 19, 2004 FOXNEWS HANNITY/COLMES 1.6 [RATING] FOXNEWS O'REILLY 1.6 FOXNEWS SHEP SMITH 1.3 FOXNEWS GRETA 1.2 FOXNEWS BRIT HUME 1.2 CNN LARRY KING 0.9 MSNBC HARDBALL 0.8 CNN PAULA ZAHN 0.6 CNN AARON BROWN 0.5 MSNBC OLBERMANN 0.5 MSNBC NORVILLE 0.4 MSNBC SCARBOROUGH 0.4 CNBC DENNIS MILLER 0.1 CNBC MCENROE 0.1
  • Kerry Prevaricates on War Against Corporate Fraud

    07/08/2004 7:29:50 AM PDT · by stevejackson · 3 replies · 860+ views
    www.netwmd.com ^ | July 8, 2004 | Andrew Jaffee
    Ken Lay of Enron Indicted and Arrested By Andrew L. Jaffee, July 8, 2004 Home   Search   Forum   Terms Enron’s ex-Chairman of the Board has been indicted and arrested on charges connected with his former company’s implosion in 2001. Corporate executives at Enron engaged in all sorts of financial manipulations to pump up the company’s stock price. They created complex “partnerships” to hide company debt from shareholders. In 1998, Enron’s share price was at about $20. By 2000, it hit $90. By 2001, the company’s stock was worthless. Enron’s collapse wiped out billions in shareholder value and employee pensions. Democratic Presidential hopeful John...
  • The Myth of the Earnings Yield

    11/21/2003 9:18:59 AM PST · by samvak · 5 replies · 205+ views
    In American novels, well into the 1950's, one finds protagonists using the future stream of dividends emanating from their share holdings to send their kids to college or as collateral.  Yet, dividends seemed to have gone the way of the hoolah hoop. Few companies distribute erratic and ever-declining dividends. The vast majority don't bother. The unfavorable tax treatment of distributed profits may have been the cause.The dwindling of dividends has implications which are nothing short of revolutionary. Most of the financial theories we use to determine the value of shares were developed in the 1950's and 1960's, when dividends were...
  • Danny Glover shares views on activism

    09/04/2003 6:58:11 PM PDT · by Libloather · 11 replies · 239+ views
    News & Record ^ | 9/04/03 | MATT WILLIAMS
    Glover shares views on activism 9-4-03 By MATT WILLIAMS, Staff Writer News & Record GREENSBORO -- When Bush administration supporters denounced Hollywood actors who opposed a war in Iraq, Danny Glover didn't understand why his profession had anything to do with speaking his mind. "The fact is when you speak truth, you're always going to be attacked, whether you're an actor or whether you're a plumber," Glover said. "Without dissent, it's not really a democracy." Glover took that message to Bennett College on Wednesday, invoking the words of Martin Luther King Jr. to urge students to make activism part of...
  • Oil Falls, Asia Shares Up on Bush Speech

    03/17/2003 6:52:22 PM PST · by NormsRevenge · 5 replies · 321+ views
    Yahoo News ^ | 3/17/03 | Bill Tarrant - Reuters
    Oil Falls, Asia Shares Up on Bush Speech By Bill Tarrant SINGAPORE (Reuters) - Oil prices fell, the dollar was firm and Asian stock markets galloped higher on Tuesday after President Bush (news - web sites) gave Iraqi President Saddam Hussein (news - web sites) 48 hours to leave his country or face a U.S. invasion. Reuters Photo Crude oil futures fell nearly a dollar a barrel in after-hours electronic trade, while gold was up around two dollars an ounce, as investors bet that a swift and decisive U.S.-led military strike on Iraq (news - web sites) will start within...
  • Disney's top two executives take home $24m

    01/29/2003 3:35:23 PM PST · by MadIvan · 9 replies · 407+ views
    The Times ^ | January 30, 2003 | James Doran
    MICHAEL EISNER and Bob Iger, the top executives at Walt Disney, were awarded more than $24 million (£15 million) between them in pay and bonuses last year even though the company’s share price plunged by more than a third. Mr Eisner, chairman and chief executive, last year took home a $5 million bonus and $1 million as a salary. Mr Eisner, who has come under fire from investors because of the poor performance of the entertainment group’s ABC TV network and other faltering aspects of the business, chose to take much of the $5 million bonus in restricted shares, which...
  • Philip Morris Lowers 2002 Estimates Shares Decline GOOD!!

    09/26/2002 4:06:54 PM PDT · by SheLion · 46 replies · 481+ views
    Yahoo News ^ | 26 September 2002
    New York (AP) -- Philip Morris Companies Inc. said its 2002 earnings will grow between 3 percent and 5 percent, which is significantly below analysts expectations, sending its shares swooning in after-hours trading. Analysts surveyed by Thomson First Call predicted the consumer products giant would earn $4.82 a share, up 19.3 percent from the $4.04 a share Philip Morris earned in 2001. The company said numerous factors were eating into growth including weakness in the U.S. cigarette market stemming from the floundering economy, and increased state taxes. The company also said its business was hurt by an increased flow...