2/27/12,
Sales contracts for homes rose 2 pct. in January
(AP) »»
AP - The number of Americans who signed contracts to buy homes rose in January to the highest level in nearly two years, supporting the view that the housing market is gradually coming back. Read more...
2/27/12,
Like Home Depot, Lowe's gains from warm winter
(Reuters) »»
Reuters - Lowe's Cos , the world's second-largest home improvement chain, reported higher-than-expected quarterly sales as a warm winter prompted many homeowners to take up renovation projects that they normally save for the spring. Read more...
2/27/12,
Md. gas-drilling panel meeting in Hagerstown
(AP) »»
AP - A state commission on natural-gas drilling is taking a look at the regulatory landscape. Read more...
2/27/12,
Wall Street retreats from 4-year high
(Reuters) »»
Reuters - Stocks opened lower on Monday following the S&P 500's four-year closing high last week and after the Group of 20 leading economies told Europe it must commit more money to fight the EU debt crisis before seeking broader help.
2/27/12,
Ex-head of Nigerian state admits financial crime
(AP) »»
AP - A former governor of Nigeria's oil-rich Delta state pleaded guilty in a British court Monday to charges of money-laundering, conspiring to defraud and obtaining a money transfer by fraud, officials said. Read more...
2/27/12,
Pending home sales near a 2-year high in January
(Reuters) »»
Reuters - Signed contracts for home resales rose to a nearly two-year high in January, an industry group said on Monday, further evidence of a budding recovery in the housing market. Read more...
2/27/12,
Merkel urges German lawmakers to back Greece
(AP) »»
AP - Chancellor Angela Merkel urged German lawmakers to support the new Greek rescue package on Monday — though she conceded that there is no "100 percent guarantee" it will succeed. Read more...
2/27/12,
Detroit automakers race to keep up with sales
(AP) »»
AP - Auto sales are growing so fast that Detroit can barely keep up. Read more...
2/27/12,
Lowe's 4Q net income climbs, revenue increases
(AP) »»
AP - Lowe's Cos. said Monday its fiscal fourth-quarter net income rose 13 percent, better than analysts expected, as homeowners took on more home-improvement projects during winter months. Read more...
Bloomberg Video News
5/18/12,
Video: Stemberg, Fish on Romney Record: Political Capital »»
May 18 (Bloomberg) -- Tom Stemberg, the founder of Staples Inc., and Lawrence Fish, former chief executive officer of Citizens Financial Group, Inc., talk with Bloomberg's Julianna Goldman about presumptive Republican presidential nominee Mitt Romney's record at Bain Capital LLC, the private-equity industry and super-political action committees. Bloomberg's Lisa Lerer and Margaret Talev report on a Republican strategist's plan to air racially tinged ads against President Barack Obama and the outlook for negotiations on the U.S. debt ceiling. Manus Cranny discusses Greece's sovereign-debt crisis. Commentators Kate O'Beirne and Margaret Carlson talk about the U.S. presidential campaign and Nebraska's Senate race. (Source: Bloomberg)
5/18/12,
Video: Chiang Says California Needs `Fairer' Tax Code »»
May 18 (Bloomberg) -- California Controller John Chiang talks about the state's tax code and Facebook Inc.'s first day of trading. He speaks with Cory Johnson on Bloomberg Television's "Facebook the Public Network." (Source: Bloomberg)
5/18/12,
Video: Path's CEO on Mobile Apps and Working at Facebook »»
May 18 (Bloomberg) -- David Morin, chief executive officer of Path and a former Facebook Inc. employee, talks about the largest social-networking company's culture and opportunities in mobile applications. He speaks with Emily Chang on Bloomberg Television's "Facebook the Public Network." (Source: Bloomberg)
May 18 (Bloomberg) -- Lise Buyer, principal at Class V Group LLC, talks about Facebook Inc.'s first day of trading and the outlook for the social-networking company. Buyer speaks with Cory Johnson on Bloomberg Television's "Facebook the Public Network." (Source: Bloomberg)
5/18/12,
Video: Zachary Says Technology in `Bubble That's Building' »»
May 18 (Bloomberg) -- George Zachary, general partner at Charles River Ventures Inc., talks about Facebook Inc.'s trading debut and valuations in the technology industry. He speaks with Jon Erlichman on Bloomberg Television's "Facebook the Public Network." (Source: Bloomberg)
5/18/12,
Video: Facebook's Trading Debut and Outlook: Own Words »»
May 18 (Bloomberg) -- Mark Zuckerberg, co-founder and chief executive officer of Facebook Inc., David Kirkpatrick, author of "The Facebook Effect," and Brian Wieser, an analyst at Pivotal Research Group LLC, offer their views on Facebook's trading debut and the outlook for the social-networking site. This report also contains comments from Robert McCooey, senior vice president of new listings and capital markets at Nasdaq OMX Group Inc.; Scott Rostan, chief executive officer of Training the Street; John Chachas, managing partner at Methuselah Capital Advisors LP, and Nick Thompson, a senior editor at New Yorker magazine and a Bloomberg contributing editor. (Source: Bloomberg)
5/18/12,
Video: Chesapeake's Board Pay Cut, Challenges, Gas Prices »»
May 18 (Bloomberg) -- Tim Rezvan, an analyst at Sterne Agee & Leach Inc., talks about Chesapeake Energy Corp.'s decision to cut board pay by about 20 percent and the impact of natural-gas prices on the company. He speaks with Pimm Fox on Bloomberg Television's "Taking Stock." (Source: Bloomberg)
5/18/12,
Video: Legislation to Tax Facebook's Co-Founder Saverin »»
May 18 (Bloomberg) -- Joe Henchman, vice president of legal and state projects at the Tax Foundation, talks about legislation from U.S. Senator Charles Schumer of New York that would impose a 30-percent capital gains tax on people such as Facebook Inc. co-founder Eduardo Saverin unless they show they didn’t renounce their U.S. citizenship to avoid taxes. Henchman speaks with Trish Regan on Bloomberg Television''s "Street Smart." (Source: Bloomberg)
5/18/12,
Video: BranchOut CEO Says Mobile to Be `Very Big' for Firm »»
May 18 (Bloomberg) -- Rick Marini, chief executive officer of BranchOut Inc., talks about Facebook Inc.'s initial public offering, and BranchOut's relationship with the social-networking site and outlook. He speaks with Pimm Fox on Bloomberg Television's "Taking Stock." (Source: Bloomberg)
5/18/12,
Video: Facebook Is a `Risky Stock,' Pivotal's Wieser Says »»
May 18 (Bloomberg) -- Brian Wieser, an analyst at Pivotal Research Group, talks about Facebook Inc.'s initial public offering and his "sell" rating on the company's shares. He speaks with Trish Regan and Adam Johnson on Bloomberg Television's "Street Smart." (Source: Bloomberg)
5/18/12,
Video: U.S. Stocks Drop as Facebook Fails to Surge After IPO »»
May 18 (Bloomberg) -- Bloomberg's Deborah Kostroun reports on the performance of the U.S. equity market today. U.S. stocks dropped for a sixth day, the longest slump since November for the Standard & Poor’s 500 Index, as Facebook Inc.’s record initial public offering failed to boost confidence in a market rattled by Europe’s debt crisis. (Source: Bloomberg)
5/18/12,
Video: Facebook Share Trading, Social Media Stocks »»
May 18 (Bloomberg) -- Larry Fishelson, chief operating officer of Dynalink Communications Inc., Andre Julian, president of Trade Aviator, and Mark Sebastian, chief operating officer of Option Pit Mentoring, talk about Facebook Inc.'s first day of trading and the outlook for social-media stocks. They speak with Trish Regan on Bloomberg Television's "Street Smart." (Source: Bloomberg)
5/18/12,
Video: Facebook Should Buy Twitter, Zynga, Fishelson Says »»
May 18 (Bloomberg) -- Larry Fishelson, chief operating officer of DynaLink Communications Inc., talks about possible acquisition targets for Facebook Inc. He speaks with Trish Regan and Adam Johnson on Bloomberg Television's "Street Smart." Eric Jackson, founder of Ironfire Capital LLC, also speaks.(Source: Bloomberg)
5/18/12,
Video: Staples Center's Zeidman on Playoff Games Weekend »»
May 18 (Bloomberg) – Lee Zeidman, senior vice president and general manager of the Staples Center, talks about the outlook for the venue this weekend. Basketball’s Los Angeles Lakers and Clippers and hockey’s Los Angeles Kings will play five more games over three days at the venue, owned by billionaire Philip Anschutz’s AEG Worldwide. The eight-day, 750-mile Amgen Tour of California bicycling race also will finish outside the arena on May 20. Zeidman speaks with Mark Crumpton on Bloomberg Television's "Bottom Line." (Source: Bloomberg)
5/18/12,
Video: Facebook `Priced for Perfection,' Rostan Says »»
May 18 (Bloomberg) -- Scott Rostan, chief executive officer of Training the Street, Carter Mack, president of JMP Group Inc., and Eric Jackson, founder of Ironfire Capital LLC, talk about Facebook Inc.'s trading debut. Facebook hovered near the initial public offering price in its trading debut, following a record IPO that made the social network more costly than almost every company in the Standard & Poor’s 500 Index. They speak with Trish Regan on Bloomberg Television's "Street Smart."
5/18/12,
Video: Facebook Faces `Rocky Waters,' Jackson Says »»
May 18 (Bloomberg) -- Eric Jackson, founder of Ironfire Capital LLC, talks about Facebook Inc.'s first day of trading and the outlook for the company. He speaks with Trish Regan and Adam Johnson on Bloomberg Television's "Street Smart." (Source: Bloomberg)
5/18/12,
Video: Banks Should Be Allowed to Fail, Sorrentino Says »»
May 18 (Bloomberg) -- Frank Sorrentino, chairman and chief executive officer of North Jersey Community Bank, talks about JPMorgan Chase & Co.'s $2 billion trading loss and regulation of the financial industry. He speaks with Mark Crumpton on Bloomberg Television's "Bottom Line." (Source: Bloomberg)
5/18/12,
Video: UniCredit's Nielsen on Europe Debt Crisis, G-8 »»
May 18 (Bloomberg) -- Erik Nielsen, global chief economist at UniCredit SpA, talks about the European debt crisis, the outlook for Greece and this weekend’s meeting between Group of Eight leaders at the Camp David presidential retreat in rural Maryland. Nielsen speaks with Tom Keene on Bloomberg Television’s “Surveillance Midday.” (Source: Bloomberg)
5/18/12,
Video: Kirkpatrick, Kedrosky on Facebook IPO, Outlook »»
May 18 (Bloomberg) -- David Kirkpatrick, author of "The Facebook Effect," and Paul Kedrosky, author of the Infectious Greed Blog and a Bloomberg contributing editor, talk about the initial public offering of Facebook Inc., the growth outlook for the social network company and investor sentiment. They speak with Tom Keene on Bloomberg Television's "Surveillance Midday." (Source: Bloomberg)
5/18/12,
Video: Most 2011 Internet IPO Shares Fell After Debut »»
May 18 (Bloomberg) -- Bloomberg's Carol Massar reports on 2011 Internet initial public offerings and the performance of the companies' shares following the first day of trading. She speaks on Bloomberg Television's "Money Moves." Bloomberg's Deirdre Bolton also speaks.(Source: Bloomberg)
5/18/12,
Video: Facebook to Be `Less Relevant' Over Time, Rice Says »»
May 18 (Bloomberg) -- Bob Rice, managing partner at Tangent Capital Partners LLC, and Jeff Clavier, founder of SoftTech VC, talk about the outlook for Facebook Inc. following the company’s initial public offering. They speak with Deirdre Bolton on Bloomberg Television's "Money Moves." (Source: Bloomberg)
5/18/12,
Video: Mars Odyssey Fueled by Booze Takes Sachs to Space »»
May 17 (Bloomberg) -- Artist Tom Sachs discusses the possibility of travel to Mars. His "Space Program: Mars" exhibit runs through June 17 at the Park Avenue Armory in New York. (Source: Bloomberg)
5/18/12,
Video: Bayern Odds on to Beat Chelsea in Champions League »»
May 18 (Bloomberg) -- Andy MacKenzie, marketing communications manager at Spreadex Ltd., discusses betting on tomorrow's Champions League soccer final between Germany's Bayern Munich and England's Chelsea. He speaks with Bloomberg Television's Manus Cranny. (Source: Bloomberg)
5/18/12,
Video: Galloway, Kedrosky, Ohanian on Facebook »»
May 18 (Bloomberg) -- Paul Kedrosky, author of the Infectious Greed blog and a Bloomberg contributing editor; Scott Galloway, chairman of Firebrand Partners and a Bloomberg contributing editor, and Alexis Ohanian, co-founder of Reddit.com, participate in a roundtable discussion about Facebook Inc.'s trading debut on the Nasdaq. They speak with Stephanie Ruhle and Erik Schatzker on Bloomberg Television's "InBusiness." Bloomberg's Cory Johnson, Dominic Chu and John Ehrlichman also speak. (Source: Bloomberg)
5/18/12,
Video: Merkel Will Face G-8 Pressure on Growth Measures »»
May 18 (Bloomberg) -- Karen Olney, head of thematic equity strategy at UBS AG, discusses investment strategy and this weekend's Group of Eight leaders' summit at Camp David, Maryland. She speaks with Manus Cranny on Bloomberg Television's "Last Word." (Source: Bloomberg)
5/18/12,
Video: `No Question’ About Internet Bubble, Holland Says »»
May 18 (Bloomberg) -- Michael Holland, chairman of Holland & Co., talks about Facebook Inc.’s initial public offering, the stock’s potential impact on markets and prospects for a so-called technology bubble. Holland, speaking with Betty Liu, Dominic Chu, Jon Erlichman and Joshua Lipton on Bloomberg Television's "In the Loop," also discusses JPMorgan Chase & Co.’s $2 billion trading loss and the European debt crisis. Nick Thompson, a senior editor at New Yorker magazine and a Bloomberg contributing editor, and Paul Kedrosky, author of the Infectious Greed Blog and a Bloomberg contributing editor, also speak. (Source: Bloomberg)
5/18/12,
Video: Whalen: Too Much Regulation Caused JP Morgan $2B Loss »»
May 18 (Bloomberg) -- Last week JP Morgan Chase acknowledged a trading loss of at least $2 billion, fueling calls by some observers for more regulation of financial institutions. Chris Whalen, a Senior Managing Director at Tangent Capital Partner, tells Bloomberg Law's Lee Pacchia that it was actually too much regulation that led to the loss. Jeff Madrick, a Senior Fellow at the Roosevelt Institute, maintains instead that regulators need to clamp down on financial institutions if the dangers of such losses are to be minimized.
5/18/12,
Video: No Reason for Facebook Market Order, Merriman Says »»
May 18 (Bloomberg) -- Jon Merriman, chief executive officer at Merriman Holdings Inc., talks about Facebook Inc.'s initial public offering. Merriman speaks with Stephanie Ruhle and Erik Schatzker on Bloomberg Television's "InBusiness." (Source: Bloomberg)
5/18/12,
Video: S&P's Kessler on Facebook IPO and Outlook »»
May 18 (Bloomberg) -- Scott Kessler, head of technology equity research at S&P Capital IQ, talks about Facebook Inc.'s initial public offering. He speaks with Erik Schatzker, Sara Eisen and Scarlet Fu on Bloomberg Television's "InsideTrack." (Source: Bloomberg)
5/18/12,
Video: Facebook Could Be Used as Platform for Transactions »»
May 18 (Bloomberg) -- Eileen Burbidge, a partner at Passion Capital, discusses Facebook Inc.'s initial public offering and revenue opportunities. She speaks with Maryam Nemazee on Bloomberg Television's "The Pulse." (Source: Bloomberg)
5/18/12,
Video: Facebook Trades to Mimic LinkedIn, Ehrlich Says »»
May 18 (Bloomberg) -- Stephen Ehrlich, chief executive officer of Lightspeed Financial Inc., discusses the outlook for Facebook Inc.'s Initial public offering. He speaks with Betty Liu on Bloomberg Television's "In the Loop." (Source: Bloomberg)
5/18/12,
Video: Cowen's Solomon on Facebook, Technology Industry »»
May 18 (Bloomberg) -- Jeffrey Solomon, chief executive officer at Cowen & Co., talks about Facebook Inc.'s initial public offering and the outlook for the technology industry. Solomon speaks with Betty Liu on Bloomberg Television's "In the Loop." (Source: Bloomberg)
5/18/12,
Video: Will Arnett Seeks Time Machine for Facebook Profit »»
May 18 (Bloomberg) -- On the red carpet last night at the closing party of Internet Week, Facebook’s initial public offering was the hot topic. “I’d love to get a time machine and go back to 2004 and invest in Facebook,” actor and comedian Will Arnett told Bloomberg Television’s “In the Loop with Betty Liu.” (Source: Bloomberg)
5/18/12,
Video: Euro Headed to Parity With U.S. Dollar; Pound »»
May 18 (Bloomberg) -- Steven Barrow, head of Group-of-10 research at Standard Bank Plc, talks about the outlook for the euro, dollar and pound. He speaks with Guy Johnson on Bloomberg Television's "The Pulse." (Source: Bloomberg)
May 18 (Bloomberg) -- Barry Ritholtz, chief executive officer of FusionIQ, an equities research firm, talks about the initial public offering of Facebook Inc. and the social network company's growth outlook. Ritholtz speaks with Erik Schatzker, Sara Eisen and Scarlet Fu on Bloomberg Television's "InsideTrack." (Source: Bloomberg)
5/18/12,
Video: Avoid Buying Facebook in the Market, Ritter Says »»
May 18 (Bloomberg) -- Jay Ritter, a finance professor at the University of Florida, talks about Facebook Inc.'s initial public offering. Ritter speaks with Erik Schatzker on Bloomberg Television's "InsideTrack." (Source: Bloomberg)
5/18/12,
Video: Kedrosky, Thompson on Facebook Share Price, Outlook »»
May 18 (Bloomberg) -- Paul Kedrosky, author of the Infectious Greed Blog and a Bloomberg contributing editor, and Nick Thompson, a senior editor at New Yorker magazine and a Bloomberg contributing editor, talk about the outlook for Facebook Inc.'s initial public offering. They speak with Erik Schatzker, Scarlet Fu and Sara Eisen on Bloomberg Television's "InsideTrack." (Source: Bloomberg)
5/18/12,
Video: EU Risks Moment of Anarchy, Chaos, Breakdown »»
May 18 (Bloomberg) -- George Magnus, a senior economic adviser at UBS AG, discusses the risks facing Europe after the European Central Bank cut funding to Greece's banks. He talks with Maryam Nemazee on Bloomberg Television's "The Pulse." (Source: Bloomberg)
5/18/12,
Video: German 10-Year Bund Yield to Fall Below 1% »»
May 18 (Bloomberg) -- Stuart Thomson, a portfolio manager at Ignis Asset Management, discusses the outlook for bond markets and the U.S. economy. He speaks from Edinburgh with Guy Johnson on Bloomberg Television's "The Pulse." (Source: Bloomberg)
5/18/12,
Video: LSE Must Develop Derivatives, Not a Dividend Play »»
May 18 (Bloomberg) -- Peter Lenardos, an analyst at RBC Capital Markets, talks about London Stock Exchange Group Plc's fiscal second-half profit reported today and the diversification of Europe's exchanges. He speaks with Francine Lacqua on Bloomberg Television's "On the Move." (Source: Bloomberg)
5/18/12,
Video: Olympic Sponsors Aim to Profit, Boost Image »»
May 18 (Bloomberg) -- Bloomberg Television's Louise Beale reports on how companies like BP Plc aim to profit from sponsoring the London Olympic Games. (Source: Bloomberg)
5/18/12,
Video: Facebook Seen Heading to $100 on Value to Brands »»
May 18 (Bloomberg) -- Richard Nunn, media analyst at Charles Stanley, discusses the outlook for Facebook Inc.'s share price when it starts trading today. He speaks with Francine Lacqua on Bloomberg Television's "On the Move." (Source: Bloomberg)
5/18/12,
Video: Brooke Expects China's Home Prices to Keep Decreasing »»
(Corrects location of company.) May 18 (Bloomberg) -- Chris Brooke, chief executive officer for Greater China at Los Angeles-based CBRE Group Inc., talks about China's home prices and property market outlook. Brooke also discusses his company's business strategy in the country. He speaks with John Dawson on Bloomberg Television's "On the Move Asia." (Source: Bloomberg)
5/18/12,
Video: Euro-Dollar Poised for `Short-Lived Relief Rally' »»
May 18 (Bloomberg) -- Ron William, a technical strategist at MIG Bank, discusses his analysis of the euro, gold and the VIX Volatility Index. He speaks with Caroline Hyde on Bloomberg Television's "Countdown." (Source: Bloomberg)
5/18/12,
Video: Facebook Shares Seen to Fall to $18 in Nine Months »»
May 18 (Bloomberg) -- Francis Gaskins, president of researcher IPOdesktop.com, talks about the outlook for shares in Facebook Inc. after its initial public offering was priced at $38 each. He speaks from Los Angeles with Caroline Hyde on Bloomberg Television's "First Look." (Source: Bloomberg)
5/18/12,
Video: Sullivan Sees `Watered-Down' Statement From G-8 Summit (Video) »»
May 18 (Bloomberg) -- Andrew Sullivan, principal sales trader at Piper Jaffray Asia Securities Ltd. in Hong Kong, talks about Europe's sovereign debt crisis, its implications for global financial markets and the outlook for this weekend's summit of leaders from the Group of Eight nations in Camp David, Maryland. He also discusses Facebook Inc.'s initial public offering. He speaks with Susan Li, John Dawson, Mia Saini and David Ingles on Bloomberg Television's "Asia Edge." (Source: Bloomberg)
5/17/12,
Video: Biggs Sees Facebook Ad Revenue Growth Potential »»
May 18 (Bloomberg) -- Napoleon Biggs, senior vice president and head of digital integration for Asia-Pacific at Fleishman Hillard Inc., talks about Facebook Inc.'s business model and growth potential for its advertising revenue. Biggs speaks with Susan Li and John Dawson on Bloomberg Television's "Asia Edge." (Source: Bloomberg)
5/17/12,
Video: Weston Says Exit Cost May Help Keep Greece in Euro Zone »»
May 18 (Bloomberg) -- Chris Weston, an institutional dealer at IG Markets in Melbourne, talks about the political and economic situation in Greece and how the nation's potential exit from the euro area would affect global markets. Weston also discusses the Chinese and U.S. economies with John Dawson on Bloomberg Television's "On the Move Asia." (Source: Bloomberg)
5/17/12,
Video: Township Resident Says Princeton Merger Not `Cure' »»
May 18 (Bloomberg) -- Jim Manganaro, a resident of Princeton Township, and Pam Hughes, a resident of Princeton Borough, talk with Bloomberg's Terrence Dopp about the merger of the two towns. Combining the New Jersey communities that share the Princeton name is testing Governor Chris Christie's effort to get the state's patchwork of 566 cities and towns to merge governments. (Source: Bloomberg)
Buoyed by powerful economic growth, strong corporate profits and government deregulation, M&A activity in Asia-Pacific has staged a strong recovery from the 2008 financial crisis. In 2010 the value of M&A deals in the region grew 19%. Despite such macro-economic uncertainties as the sovereign debt crisis, deal value rose by 6% in 2011. The region now accounts for about 24% of global M&A. This reflects Asia?s increasingly important position over the next two decades as a growth engine for the world. Asia Pacific?s share of global M&A deals will continue its upswing, despite the current uncertain economic environment and concerns from Western companies about inflated valuations of Asian acquisition targets. Read more...
The markets managed to come off of their worst lows of the day but remained in negative territory, as concerns over the euro zone continue to weigh on the minds of investors. Read more...
5/9/12,
Tesla Posts Wider Than Expected Loss, Ups Revenue Guidance A Bit »»
Shares in Tesla Motors rallied after-hours on Wednesday despite a wider than first quarter expected loss. The electric vehicle company improved its revenue guidance marginally, while announcing it was almost done with regulatory approvals for their coming Model S, deliveries of which should begin in June. Read more...
AIG (AIG) was upgraded today by Goldman Sachs (GS) to buy with a price target of $40, as there are multiple catalysts suggesting a higher stock price. Read more...
5/9/12,
Stocks Stagger Back After Greece Receives Bailout Package »»
Stocks trimmed losses as worries dissipated over whether Greece would receive its latest bailout package. Read more...
5/9/12,
Viacom's Higher Affiliate Fees Mitigate Weaker Ad Growth »»
Last week Viacom reported its Q2 fiscal 2012 earnings and several metrics were in line with our expectations. We recently wrote how Viacom?s filmed entertainment business was not performing as well as it did last year and that lower ratings of its key cable networks would affect advertising revenues (see Viacom Earnings Will Show Impact Of Better Ad Spending But Lower Ratings). As it turned out, filmed entertainment revenues declined by 5% and advertising revenues at Viacom?s media networks grew by just 1% in the U.S. and remained flat internationally. Read more...
5/9/12,
Lipstick On A Pig? Avon Shares Soar On Coty Takeover Speculation »»
Avon Products shares spiked today as speculation swirled over whether Coty will make a higher takeover offer. Read more...
Capital One Financial Corporation (COF) maintained its quarterly dividend of 5 cents per share. The dividend is payable on May 29, 2012 to stockholders of record as of May 16, 2012. Read more...
5/9/12,
Symantec Ready To Surf The Win 8 Wave To $22 »»
As the saying goes, there are many possible reasons for an insider to sell a stock, but only one reason to buy -- they expect to make money. So let's look at two noteworthy recent insider buys. Read more...
5/9/12,
Chesapeake Worth $28 As Shift To Liquids Mitigates Slide In Natural Gas Prices »»
5/9/12,
BP Gets Another Shot At Arctic Reserves On Way To $58 »»
The Russian government?s fresh attempts to attract foreign expertise and investments could mean that British major BP can get another chance to explore the country?s Arctic reserves. Last year, BP?s deal with Russian state producer Rosneft was cancelled because of complications regarding the company?s existing partnership with TNK. Read more...
Capital One Financial Corporation (COF) maintained its quarterly dividend of 5 cents per share. The dividend is payable on May 29, 2012 to stockholders of record as of May 16, 2012. Read more...
5/9/12,
Roubini: Europe, US, Middle East, You Name It, It's Only Going To Get Worse »»
There's not much to smile about around the globe and there won't be for some time. That's according to economist Nouriel Roubini who took the stage this morning at the hedge fund industry's biggest conference in Las Vegas. Read more...
5/9/12,
Sotheby's And Christie's The Goldman Sachs's Of The Art World »»
I relish evening contemporary art auctions in the Big Apple. It gives me a feel for the breadth and intensity of bidding on specific pieces of interest. But, I?m rethinking my position. Almost all art at auction turned pricey years ago. Ironically, if I had spent the past 10 years more intensively involved in the art world as an aggressive collector I would have coined money. Instead here I am battling for investment survival. Read more...
5/9/12,
Roubini: EU To Break Up Once Contagion Hits Italy And Spain »»
Political uncertainty continues to rise in Europe as Greek politicians fail to build a government and more EU leaders, including German Finance Minister Wolfgang Schaeuble, raise the possibility of an exit from the monetary union. Another Euro bear was economist Nouriel Roubini, who expects Greece to leave the EU in 2013, sparking contagion and the possible fall of the Union if Spain and Italy are hit too hard. Spain, said Roubini, will lose market access by the end of this year. Still, the economist admitted to having 35% of his money in U.S. equities on a can-kicking earnings recovery. Read more...
5/9/12,
Louisiana Public Pension Legislative Initiative Failed to Provide Needed Protection »»
In 2004, the Legislature of Louisiana voted to enact a new law aimed at providing greater protections to public pension systems within the state. R.S. 11:269 required pension consultants and money managers to provide public pensions with full disclosure of any conflicts of interest, including payments these advisers received from money managers they recommended to pensions. Read more...
5/9/12,
Delivering Transparency To Fixed Income Markets »»
A pioneer in electronic trading whose first firm was acquired by Thomson Reuters is back with a new startup, Benchmark Solutions. Read more...
5/9/12,
Bring Back Housing By Bringing Back Tax Shelters »»
Turning around real estate remains one of the biggest problems in fixing America's economy. Investment sage Warren Buffett recently said now is a good time for investment pools to buy thousands of residential homes, fix them up, and rent them out for a good rate of return. Read more...
5/9/12,
For A Bullish Option On Expensive Stocks Like Apple, Look At Call Spreads »»
This post is by J.J. Kinahan, chief derivatives strategist at TD Ameritrade. J.J. is joining the Forbes contributor ranks to provide regular commentary on investing with options, a strategy that can be beneficial for any investor looking to clearly define their risk when putting money into the market or a particular position. For more from J.J. keep an eye out for his contributor page and watch this video, where we discussed how investors can use options to gain exposure to expensive stocks like Apple and Priceline.com. Read more...
5/9/12,
Wednesday Sector Laggards: Construction, Oil & Gas Exploration & Production Stocks »»
In trading on Wednesday, construction shares were relative laggards, down on the day by about 2.6%. Helping drag down the group were shares of Miller Industries Tenn (MLR), down about 7.9% and shares of Twin Disc (TWIN) off about 7.5% on the day. Read more...
After being forced to dispose of a big chunk of his shares in the company he founded, Green Mountain Coffee?s Robert Stiller also closed his position in Krispy Kreme Doughnuts, disclosing a sale of 11.8% of shares outstanding. Read more...
The OTC Bulletin Board (OTCBB) is a regulated quotation service that displays real time quotes, last-sale prices and volume information on OTC equity securities. The OTCBB provides access to more than 3,300 securities and includes more than 230 participating market makers.
There is one primary difference between penny stocks quoted on the Pink Sheets and those quoted on the OTC Bulletin Board. All OTCBB listed companies are required to file their updated financial reports with the SEC. This is not required for stocks listed on the Pink Sheets. Any company that does not file timely reports is removed from the OTCBB. On failure to file the required document, the SEC adds a fifth letter “E” to the company’s ticker and the company is provided a 30-day period to file with the SEC. If the company fails to meet this, its ticker stands to be removed from the OTCBB and must re-apply for listing.
The Penny Stock Reform Act of 1990 required the SEC to establish an electronic system to facilitate the widespread publication of quotation and last-sale information in the OTC securities. The OTCBB was then set up in June 1990 on a pilot basis to provide transparency in the OTC equities market. Firms are now required to report all trades in the domestic OTC equities security through an Automated Confirmation Transaction Service (ACT) within 90 seconds of the transaction.
There is no single accepted definition of a penny stock. Some people refer to them as stocks that trade for less than $1, others set the cut off point at $3, while some deem a penny stock anything that trades below $5, so there are a variety of opinions as to what share price determines the penny stock. However, the Securities Exchange Commission (SEC) has defined penny stocks as low price stocks of small companies generally trading under $5. While penny stocks generally trade “over the counter,” they can also trade on U.S. securities exchanges such as the NYSE, AMEX or NASDAQ. Many can also trade on foreign exchanges such as Canada and Germany.
Penny stocks are a high risk / high reward undertaking and a large number of investors keep away from them, largely due to the fact that one could end up losing money due to amount of risk involved. But if investing prudently, one could make huge profits by investing in fundamentally strong penny stocks, as they can be bought for a few cents per share and ultimately sell for several dollars per share.
OTCPick's Trade Ideas are basically our stock picks that we believe have an opportunity to pop to enable our members to make a quick buck. We bring new Trade Ideas to our members most every week and sometimes several times per week.
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9/26/08,
Do Low Priced Stocks Mean Low Risks for Penny Stock Investors? »»
Many people who are new stock trading think that penny stocks are the obvious and logical choice. The word penny indicates that the investment is small enough that they won’t have to risk a lot for a great deal of potential.
