Icahn Buys Nearly 13% of Herbalife (HLF)
Carl Icahn filed documents with the SEC which show he owns just short of 13% (12.98%) of Herbalife (NYSE: HLF). The news pushed shares up by as much as 20% after hours. The actual parties holdings…
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Year: 2013
All Year: 2013 Articles
Newest first · Page 399Berkshire Hathaway and Buffett Make Many Portfolio Changes for 2013
White House Photo by Pete SouzaBerkshire Hathaway Inc. (NYSE: BRK-B, BRK-A) and Warren Buffett may have surprised the markets with the $28 billion purchase of H.J. Heinz Company (NYSE: HNZ), but there is another…
Democratic Plan to Dodge the Sequester Includes Tax Hike for Millionaires
ThinkstockEarly this afternoon Senate Democrats revealed their plan to replace the $85 billion cut to federal spending known as the sequester with a $110 billion package that raises $54 billion in new revenue and…
24/7 Wall St. Closing Bell — February 14, 2013: Markets Punt Again Today (CL, NVDA, LMT, DELL, VZ, AMAT, CAR, CTL, CSCO, CLD, IPI, KGC, MET, NTAP, PXD, TRIP, Z, ANR, ABX, DTV, GM, PEP, CBS, GG, AEP, BKW, CPB, SJM, TOWR, HNZ, ANGI)
U.S. equity markets opened lower this morning, dragged down by weak economic data from Europe. Germany, France, Italy, and Greece all reported worse-than-expected GDP contraction for the fourth quarter of 2012, and the eurozone…
Carnival Triumph Woes Punish Passengers Worse Than Investors
ThinkstockCarnival Corporation (NYSE: CCL) is a company that is having more issues than might seem to be fair, but this is the risk of catering to hundreds or thousands of people simultaneously out on…
Defending Against Cyber Attacks a Priority — Survey
ThinkstockRecent cyber attacks on the Federal Reserve, The New York Times, and the Washington Post have raised the spectre of a new brand of warfare — cyber war. In a recent study conducted by…
MetLife Dividend Hike Looks More Likely After Losing Bank Holding Co. Status
MetLife, Inc. (NYSE: MET) is finally losing its artificial status as a bank holding company. The insurance giant announced on Thursday that it has finally received the required approvals from both the Federal Deposit Insurance…
Gasoline Prices Will Continue to Rise
ThinkstockA convenient rule-of-thumb regarding gasoline pump prices is that for every $1.00 increase in the price of a barrel of Brent crude, the pump price will rise by $0.025. Today’s average price of gasoline…
30-Year Treasury Auction Meets Solid Demand
ThinkstockThe United States Treasury’s 30-Year Treasury Bond auction just went off and the results were looking a bit better than we would have been expecting even this morning. We had noted that 10-year Treasury…
An Angie’s List for Debt Ratings?
ThinkstockThe difference between professional services reviews posted to Angie’s List Inc. (NASDAQ: ANGI) and book reviews posted at Amazon.com Inc. (NASDAQ: AMZN) or the number of video views counted at Google Inc.’s (NASDAQ: GOOG)…
Will the Last Analyst Leaving CenturyLink Please Turn Out the Lights?
ThinkstockCenturyLink Inc. (NYSE: CTL) is in serious trouble, with shares hitting a 52-week low. Shares are down more than 20% on Thursday, yet still worth almost $21 billion in market capitalization. The Louisiana-based telecom…
Former RIM Co-CEO Sells All RIM/BlackBerry Shares
courtesy of BlackberryBlackBerry (NASDAQ: BBRY) has gone through quite a lot of changes, including a name change from Research In Motion. What is interesting is that its former co-CEO Jim Balsillie is no longer…
What If Michael Dell Doesn’t Really Want to Buy Dell? This Could Be “The Dell Put!”
ThinkstockThe proposed management-led buyout of Dell Inc. (NASDAQ: DELL) is far from being without controversy. When the deal was still in the rumor stage, we came up with a maximum valuation of $15.00 per…
The Biggest Brands Advertising on Illegal Websites
ThinkstockBy: Dennis Kneale / FOXBusiness Some of the biggest brands in the world are paying to advertise on the digital-piracy Web sites that draw millions of consumers and gut the profits of Hollywood studios…
Coal Stocks Rise on Alpha Natural Results (ANR, BTU, ACI, CNX, JRCC, WLT, CLD)
ThinkstockAlpha Natural Resources Inc. (NYSE: ANR) reported quarterly and full-year results this morning and managed to flop over a very low bar. The adjusted earnings per share (EPS) loss for the quarter was just…