Wall Street Winners and Losers: 5/18/12
by Lisa Swan on May 18, 2012
Winner: Facebook Who else could it be? The hoodie-wearing Mark Zuckerberg and his Facebook gazillionaire compadres have the most-talked about IPO in history, starting at $38 a share. This makes it the largest tech IPO ever. Let’s save the talk about why General Motors is ditching Facebook ads for another week.
Winner: The newspapers Warren Buffett purchased At least one person still believes in the future of newspapers in America – Warren Buffett. His Berkshire Hathaway company plunked down $142 million to purchase … Read More »
Will JPMorgan Chase Claw Back on Failed Traders?
by Lisa Swan on May 18, 2012
Wall Street has talked a good game about putting in clawback provisions, enabling companies to take back money from investors engaging in shenanigans. Now, with JPMorgan Chase suffering billions in trading losses, we shall see if the company puts its money where its mouth is.
The Wall Street Journal says that a person … Read More »
HP Considers 25,000 Job Cuts and Four Other Stories the Street Needs to Know This Week 5/18/12
by Kyle Colona on May 18, 2012
Hewlett-Packard Facing 25,000 Job Cuts
The hits keep coming for the so-called economic recovery as Hewlett-Packard is considering whacking about 25,000 employees or 8% of its workforce.
Bloomberg News reports that the possible reduction in force is a play to offset the “ebbing demand for computers and … Read More »
Is Facebook a Ponzi Scheme?
by Jon Lewin on May 18, 2012
Not everyone rushed to buy shares when Facebook made its market debut. Forbes contributor Ryan Holiday is so skeptical of Facebook’s financial model that he has urged prospective investors to consider an argument that Facebook is a Ponzi scheme.
Holiday, who buys online … Read More »
16 Spanish Banks Downgraded, A $4k Facebook Order, Morgan Stanley’s Bad Week:Wall Street News 5/18/2012
by Wall Street Job Report on May 18, 2012
Morgan Stanley Is Having A Worse Week Than JPMorgan, Here’s Why JPMorgan Chase isn’t the only firm on the Street having a tough week. Morgan Stanley is having a worse one in terms of its stock performance. Since Monday shares of Morgan Stanley have … Read More »
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