Archive for the ‘Market News’ Category
Wednesday, July 9th, 2008
It's been an interesting day for the stock market so far. Some of the news has been fairly predictable, but a couple of surprises have found their way in also.
Bad News:
NWA - Northwest Airlines (NYSE: NWA) - has announced the company is cutting 2,500 jobs due to ...
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Monday, June 30th, 2008
GM stock hits a 30 year low, driving the company's total market cap to around $6.5 billion. Toyota's (NYSE:TM) market cap is now 25 times as much GM's market cap, indicating people just aren't seeing a great future for GM. GM still produces more cars than everyone else, ...
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Friday, June 27th, 2008
A bear market has been officially declared for the Dow Jones Industrial Average (DJIA.) The market is down 20% from its peak in October 2007.
Record oil prices, the credit crunch and fears about the economy aren't helping matters. There is still a lot of concern that subprime related writedowns ...
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Wednesday, June 25th, 2008
Raffaello Follieri has been arrested for fraud and money laundering. All told, he's been charged on 12 counts. Raffaello Follieri is a 29 year old who used to date Anne Hathway, and has influence with people such as Bill Clinton and the Pope.
Follieri has been charged ...
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Friday, June 20th, 2008
Debra Ryan has been arrested in connection with the case against her boyfriend Sam Israel III, a hedge fund manager who disappeared on the day he was to begin serving a 20 year sentence related to his bilking of $450,000,000 from investors in the Bayou Investment Managers hedge fund.
Ryan, 45, ...
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