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Financial News from Forbes

  • New Drug Of The Year This was an easy choice. The new drug of the year is LCZ696, the upcoming heart failure drug from Novartis. At the beginning of the year only a few heart failure experts were aware of it, and no one in the heart failure community or on Wall

  • Last week marked the first ever-initial public offering for an online lending platform when LendingClub raised nearly $870 million in its IPO.  LendingClub was priced at $15 per share but opened the day on the NYSE well above that at $24.75 per share before closing the day at $23.43 thus

  • Is Apple about to announce a new TouchID sensor for iPhone and iPad?

  • How to Profit From Return of Capital @ Forbes - 58 minutes ago

    Just when does a "return of capital" boost the return from an investment?

  • Are Ideas Killing Our Organizations? @ Forbes - 1 hour 11 minutes ago

    By Andy Boynton, with William Bole The question in the title is raised—or should I say, answered unreservedly—by MIT research fellow Michael Schrage in a provocative new book titled The Innovator’s Hypothesis: How Cheap Experiments Are Worth More than Good Ideas (MIT Press). In it, he argues that even good ideas

  • The United States needs to develop clear policies to support its ailing nuclear industry—which is prone to seeing old reactors close rather than new reactors open, largely because of the impact on energy prices of cheap natural gas from fracking, the International Energy Agency said in a report released today.

  • Video As a (very) frequent flier, my dream is that flight attendants and airline ground staff would give me the sort of customer service that I get from my personal trainer or personal financial adviser. In an ideal world these airline staff would know who I am, know about me and

  • Getting into the heads of Venture Capitalists (VCs) can be a tricky proposition for founders, but it’s essential for raising large amounts of money successfully. This is especially true when approaching rock star VCs like Kevin Kinsella, founder of Avalon Ventures — most famous for investing in Zynga among others. But Kevin …

  • Stocks surge for a second straight day as Fed stays on hold, oil prices find some footing (albeit briefly).

  • Two bills, the MEDTECH Act and the SOFTWARE Act would define the Food & Drug Administration's powers to regulate medical software and mobile medical apps. The current law was signed in 1976, and needs to be amended to regulate these technologies.

  • Based on the stories we've written here at Forbes Games over the past year, I could probably give you a rough approximation of the most search-for video games of the year as a reflection of our page views. But I should probably just let Google give the official word. They've come

  • As part of an ongoing buying guide for confused shoppers this holiday season, I’ll be summing-up the best of the latest handsets. Knowing which handset to buy this year means selecting from a number of excellent devices, this is what this guide is for. It’s here to break down the

  • Encourage the artistic and introspective on your list this holiday season with the best new drawing tools for iPads and even Surface Pro 3.

  • Warner Bros.' The Hobbit: The Battle of the Five Armies earned $24.4 million on Wednesday, with $11.2m of that coming from Tuesday sneaks. To wit, The Hobbit: There And Back Again earned $37.1m on its first day (a Friday) which included $13m (35%) in midnight sneaks, while The Hobbit: The Desolation of Smaug earned $31.145m …

  • Hampton Creek Foods raised $90 million at around a $500 million valuation, according to sources.

  • A Delhi court’s decision to temporarily lift the ban on Xiaomi in India was the “best birthday gift” he could get, said Lei Jun, CEO and founder of China’s largest smartphone maker (and the world’s fourth-largest smartphone seller). Lei, who turned 45 on Tuesday, posted the comment on his Weibo

  • James Cameron's Avatar defied the skeptics and became the highest-grossing film of all-time, but five-years later it is all-but-forgotten in the pop culture landscape. Today is the fifth anniversary of the theatrical release of James Cameron’s 3D action spectacular. Avatar earned rave reviews, went on to become by-far the …

  • Women have played an ongoing role in the history and business of whiskey, and now they are the source of a recent sales uptick. “One of the significant factors driving growth in whiskey are flavor extensions, like honey, maple, cinnamon and apple. They are growing really fast in the US:

  • When I was a college student in 1995, I remember the excitement that’s launch generated among my fellow Harvard geeks. Of course, at the time, most people understood the online retailer to be focused on selling books, but those of us who saw the writing on the wall, understood

  • Is Apple stock cheaper than IBM’s? How do high yield municipal bonds compare to corporate high yield? Are stocks in Europe cheap compared to stocks in the U.S.? Questions like these are on every active investor’s mind at the moment, and for good reason: Everything looks a bit expensive at the

  • Once the movie theater chains refused to screen the movie, Sony had no choice but to cancel the December 25th theatrical release of The Interview. So what happens next? Sony Pictures Entertainment has officially cancelled the theatrical release of The Interview. After a deluge of major theater chains, including AMC Entertainment …

  • Entrepreneur Thor Bjorgolfsson built a $4 billion fortune by the age of 40, only to lose 99 per cent of it in the following 12 months. And three years after starting to ghost-write his story, my suggestion of book title was up for discussion at a publishers' meeting. "Billions to Bust"

  • Rite Aid shares popped 14.5% to $6.94 in pre-market trading Thursday after the drug store chain reported better than anticipated third quarter earnings and updated its fiscal 2015 guidance.

  • The collapse of the Russian ruble ($62) has roiled FX markets, and it prompted the Swiss National Bank (SNB) to defend the franc on Thursday by introducing negative interest rates on cash deposits it holds. Meanwhile, capital markets have managed to navigate the last of the significant central bank scheduled meetings for …

  • Armed with new computer systems that can crunch massive amounts of data more quickly, Baidu has built a new "deep learning" speech recognition system that it says works better than current systems that power Google, Apple, Microsoft, and others.

  • 2 of our favorite undervalued dividend-paying stocks and a market outlook.

  • New focus on shares of young biotech OPKO after Pfizer signs global collaboration agreement

  • Starting 16 years ago in Sydney, OzForex (ASX: OFX) is transforming how people and companies move money internationally. It’s simple yet effective online business model means people and companies are able to easily exchange currencies without having to pay high fees normally charged by banks. Only in its infancy operating …

  • Ever since iBeacon made its debut on the iPhone in 2013, it's been heralded as the next big thing for retailers. Using the Bluetooth low energy radio on your smartphone, iBeacon technology can track your location within a few feet of where you are and push you special deals and advertisements onto

  • Jordan is best selling athlete on eBay with $175 million in sales over the last 12-months. LeBron James ranks second at $42 million.

  • They Is Gone, But Creativity Isn't @ Forbes - 7 hours ago

    They, an Amsterdam-based advertising agency, shut its doors earlier this month. The firm had garnered critical acclaim and a few noteworthy awards, but ran into difficulties scaling up to handle larger clients. The passing of a small agency wouldn't normally be noteworthy. It's a tough business. It's difficult to find great …

  • Share price of BYD, a Chinese electric cars company backed by Warren Buffett, has seen a wild swing in the afternoon trading hours on Thursday. The stock closed at HKD 25.05 per share, down 28.8% from the opening price of HKD 36.2 per share. At the peak the shares were down

  • Sony takes a bold move and exercises its First Amendment rights - rights that don’t exist in most of the world – to make a comedy about an assassination attempt on Kim Jong-un. In return, it suffers an outright attack from North Korea – no different than if North Korea

  • Google's latest version of Android has not had the easiest of receptions. With a number of major bugs and issues that are degrading the experience, an update to Lollipop was always going to be on the cards. Reports are surfacing online of a 5.1 release for 'the early months' of 2015.

  • New York Governor Andrew Cuomo’s decision to ban hydraulic fracturing has been heard around the world. It’s a choice that separates that state from others that are considered just as blue and just as green. In most other states around the country, the debate over whether to allow such fracking, as

  • Woojer promises to enhance your immersion in your media by converting sound into movement through a small haptic box, allowing you to "feel the sound of your favourite music and games". It's a bold statement, but does Woojer's personal woofer deliver?

  • Hackers have threatened to attack theaters showing the film.

  • What was the most talked about subject on Twitter in 2014? Believe it or not, in terms of time "trending" on Twitter, it's the Xbox - presumably mostly the One, and the various issues it's had this year. Social marketing platform Spredfast has taken a look at the year's tweets, and

  • A large new trial provides the first substantial evidence that new devices can improve the outcome of patients who have acute ischemic stroke. Earlier, less sophisticated versions of the devices had produced disappointing results in clinical trials. The previous trials may also have been hindered by long treatment delays …

  • 2014 has been an important year for IBM and its cloudy ambitions. The company has gone on an aggressive offensive – investment, development, acquisition and PR. The latter part was a little humdrum with IBM redefining a few terms in order to justify its claim to being one of the

  • Bonds Wouldn't Be The Only Winners If 10-Year Yield Drops To 1% @ Forbes - Wed, Dec 17, 2014 2:28 PM EST

    Jeffrey Gundlach, co-founder of DoubleLine Capital, a $60 billion fixed-income investment firm, last week said that if oil slides to $40 per barrel, the yield on the 10-year U.S. Treasury note could drop to 1%. Assume that Gundlach is right. If oil does fall to $40 and we do see

  • Update: Sony has pulled its Christmas day release after several major theater chains announced they would not be showing"The Interview," which means the theater option is now off the table. But, if Sony wants the picture to see the light of day, streaming remains an option. What follows is the original post from earlier …

  • As part of an ongoing buying guide for confused shoppers this holiday season, I’ll be summing-up the best of the latest handsets. Knowing which handset to buy this year means selecting from a number of excellent devices, this is what this guide is for. It’s here to break down the

  • The holdings inside Herzfeld's Cuba fund rose nowhere near as much as the fund itself on Wednesday, putting it at a significant premium to its underlying assets.

  • By Jon Berke When leverage finance all but evaporated in 2008 at the peak of the U.S. financial crisis, middle market companies had few places to turn to for funding. As non-traditional capital providers eventually stepped in to take the place of banks that were too busy ducking for cover to

  • Daniel O'Keefe, Managing Director at Artisan Funds, recently sat down with me to talk about global value opportunities in an expensive market, playing the smartphone saturation and finding bank buys amid regulatory assault. Below is a transcript and video of our conversation. Steve Forbes: Dan, thank you for being with …

  • In A Banner Year For IPOs, Which 2014 Debuts Are Worth Buying? @ Forbes - Wed, Dec 17, 2014 12:42 PM EST

    2014 saw the most IPOs in the U.S. in any year since 2000, which is not surprising given that many stock indices set record highs this year. On average, recent IPOs have not been good long-run investments, as my research has shown. Not all IPOs are the same, however, and the

  • How Women Shaped The Whiskey Industry @ Forbes - Wed, Dec 17, 2014 12:31 PM EST

    While recent reports of a bourbon shortage include plenty of speculation as to why (and why now), one theory the conspiracists overlooked was maybe women were the cause. They make up 27% of whiskey sales in the US according to latest Nielsen Research. Research from Beam Suntory shows 37% of US

  • Investment bank Morgan Stanley slashed its estimates for the sales of Tesla Motors planned mass market vehicle, the Model 3, but said it still viewed the luxury electric car pioneer as a good long-term investment.     Morgan Stanley cut its sales estimates for Tesla’s third planned model by one-third in

  • In just three months, the Russian ruble has lost more than half of its value to the dollar.  And yesterday morning that slide became even more severe.  In an effort the stem the speculative selling in their currency, the Russian central bank hiked interest rates for the second time in

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