Financial News from Forbes

  • Is Tumblr the new Geocities? @ Forbes - 2 hours 2 minutes ago

    Images via CrunchBase Imagine a company backed by Fred Wilson, one of the top venture capitalists on the Internet. The company is largely reliant on user-generated content and has had difficulties generating revenue in line with its stratospheric valuation. All of a sudden, Yahoo appears and offers a billion dollar plus …

  • Recently, I connected with dozens of corporate executives of large and small companies in an effort to understand the benefits of corporate social responsibility (CSR) to the corporation. The question, I learned, is harder to answer than you might expect, principally because most corporate do-gooders approach their social …

  • Give American Airlines credit for trying a new method to board passengers more quickly. Airlines constantly tinker with the boarding process, and this time American says it has found a way to cut an average of two minutes from the 40 minutes to 45 minutes that it takes to board [...]

  • By the end of this weekend, Tumblr founder David Karp will most likely be $250 million richer and Yahoo founder Marissa Mayer will be able to say she outmaneuvered her old friends at Google, not to mention Facebook, Twitter and Microsoft.

  • Image credit: Ashford Stamper Here’s one more reason the increasing presence of Google Fiber is good: access to blistering fast internet is spurring the demand and purchase of Video On Demand (VOD), while the audience for traditional broadcast television collapses. While the impact is evident in the first regions Google …

  • Video Keeping you in the loop on some of the doings around Apple this past week. The tax offensive. Apple CEO Tim Cook went on the offensive this week, talking to Politico and the Washington Post about the company’s overseas cash hoard (which totals about $102 billion). The press junket comes as [...]

  • Hedge fund legend Michael Steinhardt. Each week at Forbes we scan our database of corporate insiders to see who got richer from the action in the stock market. Nearly two months ago in this column I appraised the situation as follows: "With investors... growing wary of the market’s recent historic heights, [...]

  • Her confirmation hearings present a unique opportunity to explore how the family built its wealth with offshore trusts and what loopholes might remain.

  • A Q&A with Lynn Garrett, who runs the popular HiddenLA blog and Facebook page about Los Angeles

  • Part of the fun of this job is that sometimes, we get to disagree with our fellow writers. One of my compatriots recently composed a piece titled "Sony PlayStation 4 Riding Wave Of Twice The Social Media Buzz Of New Microsoft Xbox." In it, he speaks to social media tracking [...]

  • National health plans so far have announced participation in “fewer than 15 states” to provide benefits under the Affordable Care Act. (Photo credit: Wikipedia) Health insurers are being selective about which insurance exchanges they will offer products on with national health plans so far announcing participation in “fewer …

  • An apology that is not an apology is enraging. And so, here we go again. Given the groundswell of anger that has escalated since I wrote my last column on Abercrombie & Fitch on Monday the 13th, finally the company realized that they had to do something. Characteristically, it is far too little, and far too late.

  • Exactly a year after Facebook made its disappointing debut as a public company, another less-heralded tech firm held its initial public offering but with opposite results.

  • Judge Grudgingly Lets Donziger's Lawyers Out Of Chevron Case @ Forbes - Fri, May 17, 2013 4:58 PM EDT

    A very skeptical judge lets Steven Donziger's lawyers withdraw from defending him against Chevron.

  • Illinois Tool Works Takes Over #114 Spot From ACE @ Forbes - Fri, May 17, 2013 4:44 PM EDT

    In the latest look at the underlying components of the S&P 500 ordered by largest market capitalization, Illinois Tool Works, Inc. (NYSE: ITW) has taken over the #114 spot from ACE, Ltd. (NYSE: ACE), according to The Online Investor. Click here to find out the top S&P 500 components ordered [...]

  • In the latest look at stocks ordered by largest market capitalization, Russell 3000 component Allied World Assurance Company Holdings AG (NYSE: AWH) was identified as having a larger market cap than the smaller end of the S&P 500, for example Teradyne, Inc. (NYSE: TER), according to The Online Investor. Click [...]

  • In the latest look at stocks ordered by largest market capitalization, Russell 3000 component Teleflex Incorporated (NYSE: TFX) was identified as having a larger market cap than the smaller end of the S&P 500, for example JDS Uniphase Corp (NASD: JDSU), according to The Online Investor. Click here to find [...]

  • In the latest look at stocks ordered by largest market capitalization, Russell 3000 component Aecom Technology Corp (NYSE: ACM) was identified as having a larger market cap than the smaller end of the S&P 500, for example Allegheny Technologies, Inc (NYSE: ATI), according to The Online Investor. Click here to [...]

  • Genpact Larger Than S&P 500 Component Abercrombie & Fitch @ Forbes - Fri, May 17, 2013 4:42 PM EDT

    In the latest look at stocks ordered by largest market capitalization, Russell 3000 component Genpact Ltd (NYSE: G) was identified as having a larger market cap than the smaller end of the S&P 500, for example Abercrombie & Fitch Co. (NYSE: ANF), according to The Online Investor. Click here to [...]

  • In the latest look at stocks ordered by largest market capitalization, Russell 3000 component Delta Air Lines, Inc. (NYSE: DAL) was identified as having a larger market cap than the smaller end of the S&P 500, for example Agilent Technologies, Inc. (NYSE: A), according to The Online Investor. Click here [...]

  • In the latest look at stocks ordered by largest market capitalization, Russell 3000 component Wesco International, Inc. (NYSE: WCC) was identified as having a larger market cap than the smaller end of the S&P 500, for example Teradyne, Inc. (NYSE: TER), according to The Online Investor. Click here to find [...]

  • Clean Harbors Larger Than S&P 500 Component Teradyne @ Forbes - Fri, May 17, 2013 4:40 PM EDT

    In the latest look at stocks ordered by largest market capitalization, Russell 3000 component Clean Harbors, Inc (NYSE: CLH) was identified as having a larger market cap than the smaller end of the S&P 500, for example Teradyne, Inc. (NYSE: TER), according to The Online Investor. Click here to find [...]

  • In the latest look at stocks ordered by largest market capitalization, Russell 3000 component Sally Beauty Holdings Inc (NYSE: SBH) was identified as having a larger market cap than the smaller end of the S&P 500, for example QEP Resources Inc (NYSE: QEP), according to The Online Investor. Click here [...]

  • NCR Moves Up In Market Cap Rank, Passing Windstream @ Forbes - Fri, May 17, 2013 4:38 PM EDT

    In the latest look at stocks ordered by largest market capitalization, Russell 3000 component NCR Corp. (NYSE: NCR) was identified as having a larger market cap than the smaller end of the S&P 500, for example Windstream Corp (NASD: WIN), according to The Online Investor. Click here to find out [...]

  • In the latest look at stocks ordered by largest market capitalization, Russell 3000 component Smithfield Foods, Inc. (NYSE: SFD) was identified as having a larger market cap than the smaller end of the S&P 500, for example Harman International Industries, Inc. (NYSE: HAR), according to The Online Investor. Click here [ …

  • Altera (ALTR) Shares Cross Above 200 DMA @ Forbes - Fri, May 17, 2013 4:23 PM EDT

    In trading on Friday, shares of Altera Corp. (NASD: ALTR) crossed above their 200 day moving average of $34.09, changing hands as high as $34.11 per share. Altera Corp. shares are currently trading up about 2.4% on the day. The chart below shows the one year performance of ALTR shares, [...]

  • Bumper Jumping Tesla With ETFs @ Forbes - Fri, May 17, 2013 4:21 PM EDT

    Tesla Motors is having a banner year, and some ETFs are riding its coattails.

  • Shares of TZA Now Oversold @ Forbes - Fri, May 17, 2013 4:15 PM EDT

    In trading on Friday, shares of the Daily Small Cap Bear 3x Shares ETF (AMEX: TZA) entered into oversold territory, changing hands as low as $30.76 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure momentum on [...]

  • TWM Crowded With Sellers @ Forbes - Fri, May 17, 2013 4:14 PM EDT

    In trading on Friday, shares of the Proshares UltraShort Russell2000 ETF (AMEX: TWM) entered into oversold territory, changing hands as low as $17.55 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure momentum on a scale of [...]

  • Proshares Short Russell2000 (RWM) Enters Oversold Territory @ Forbes - Fri, May 17, 2013 4:13 PM EDT

    In trading on Friday, shares of the Proshares Short Russell2000 ETF (AMEX: RWM) entered into oversold territory, changing hands as low as $20.30 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure momentum on a scale of [...]

  • In trading on Friday, shares of the Vanguard Short-Term Inflation-Protected Securities ETF (NASD: VTIP) entered into oversold territory, changing hands as low as $49.85 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure momentum on a …

  • In this series, we look through the most recent Dividend Channel ''DividendRank'' report, and then we cherry pick only those companies that have experienced insider buying within the past six months. The officers and directors of a company tend to have a unique insider's view of the business, and presumably [...]

  • Bullish Two Hundred Day Moving Average Cross - TDS @ Forbes - Fri, May 17, 2013 4:01 PM EDT

    In trading on Friday, shares of Telephone & Data Systems, Inc. (NYSE: TDS) crossed above their 200 day moving average of $23.56, changing hands as high as $24.00 per share. Telephone & Data Systems, Inc. shares are currently trading up about 3.1% on the day. The chart below shows the [...]

  • CMG Crosses Above 3% Yield Territory @ Forbes - Fri, May 17, 2013 3:57 PM EDT

    In trading on Friday, shares of Computer Modelling Group, Ltd. (Toronto: CMG) were yielding above the 3% mark based on its quarterly dividend (annualized to $0.64), with the stock changing hands as low as $21.30 on the day. Dividends are particularly important for investors to consider, because historically speaking dividends …

  • Nokia's Windows Phone Slowly Gaining Traction @ Forbes - Fri, May 17, 2013 3:41 PM EDT

    Nokia is starting, slowly, to establish some market share in the U.S. It has moved ahead of Blackberry this year into the number 3 position behind Android phones with 75% of the market, and Apple has a diminished 17% share this year down from 23% a year ago. If Elop hires an edgy marketing director and really promotes his …

  • Asia's Week: Japan Revives, What Of Japan Inc.? @ Forbes - Fri, May 17, 2013 3:41 PM EDT

    Remember when Sony's Idei was cool? (Photo: Wikipedia) Assuming Taiwan and the Philippines cool their jets and don't go into battle over the slaying of a fisherman, the most notable news will again have come from Japan. Who might have guessed a year ago that it would be the source of [...]

  • Billionaire Returns To The Iraqi Oil Game With New IPO @ Forbes - Fri, May 17, 2013 3:32 PM EDT

    Swiss billionaire Jean-Claude Gandur poses next to 'Sarah,' a painting by Jean Fautrier, one of his collection of masterpieces on display in late 2011 at the Fabre museum, Montpellier. (Image credit: AFP/Getty Images via @daylife) After five years, Jean Claude Gandur is back in the game. The Swiss billionaire made the bulk …

  • Weekly ETF Leaders and Laggards: PBW, KOL @ Forbes - Fri, May 17, 2013 3:26 PM EDT

    The WilderHill Clean Energy Portfolio ETF (PBW) outperformed other Energy ETFs this week, up about 6.6%. Components of that ETF showing particular strength this week include shares of China Ming Yang Wind Power Group (MY), up about 19.3% and shares of Canadian Solar (CSIQ), up about 18.7% on the week. And [...]

  • China Investors Wary Over Slow Start To Second Quarter @ Forbes - Fri, May 17, 2013 3:23 PM EDT

    China economic momentum slows.

  • Algoma Central (ALC) Shares Cross 2% Yield Mark @ Forbes - Fri, May 17, 2013 3:20 PM EDT

    In trading on Friday, shares of Algoma Central Corp. (Toronto: ALC) were yielding above the 2% mark based on its quarterly dividend (annualized to $0.28), with the stock changing hands as low as $13.99 on the day. Dividends are particularly important for investors to consider, because historically speaking dividends have …

  • ADC Breaks Above 5% Yield Territory @ Forbes - Fri, May 17, 2013 3:12 PM EDT

    Looking at the universe of stocks we cover at Dividend Channel, in trading on Friday, shares of Agree Realty Corp. (NYSE: ADC) were yielding above the 5% mark based on its quarterly dividend (annualized to $1.64), with the stock changing hands as low as $32.53 on the day. Dividends are [...]

  • Daily Wrap: May 17, 2013 @ Forbes - Fri, May 17, 2013 3:07 PM EDT

    The markets are set to end the week on a high note, as the Dow Jones Industrial Average hit another fresh high today. Investors are also encouraged by better-than-expected economic reports with consumer sentiment rising in May to its highest level since July 2007. According to the Thomson Reuters/University of Michigan …

  • In the crucial early stages of a possible heart attack, EMTs on the scene now rely on slow and unreliable proprietary technology to transmit vital ECG data to physicians at a hospital for evaluation. But a new iPhone app using standard cell phone networks may help speed the process and, [...]

  • Weekly Market Wrap: May 17, 2013 @ Forbes - Fri, May 17, 2013 3:00 PM EDT

    This twentieth trading week of 2013 comes to a close with stocks once again touching new highs, following another strong batch of corporate earnings. The S&P 500, the Nasdaq and the Dow Jones Industrial Average were all higher for the week. Crude oil futures are higher this week, trading around $96.00 [...]

  • The Last Of The 2008 Doomsday Scenarios Is Fading Away! @ Forbes - Fri, May 17, 2013 2:46 PM EDT

    The gloom and doom theorists swarmed out of the woodwork during the 2008 financial meltdown in reaction to government actions taken to prevent the ‘great recession’ from morphing into the next great depression. The blame fell on both political parties. The Bush administration began the bailout efforts in March, 2008 and …

  • A study of analyst recommendations at the major brokerages shows that Avnet Inc (NYSE: AVT) is the #22 broker analyst pick among those stocks screened by The Online Investor for strong stock buyback activity. To make that list, a stock must have repurchased at least 5% of its outstanding shares [...]

  • TransCanada Named Top 25 Dividend Stock With 3.74% Yield @ Forbes - Fri, May 17, 2013 2:27 PM EDT

    TransCanada Corp (Toronto: TRP) has been named as a Top 25 dividend stock, according the most recent Canada Stock Channel ''DividendRank'' report. The report noted that among the coverage universe, TRP shares displayed both attractive valuation metrics and strong profitability metrics. The report also cited the strong quarterly …

  • Video Sony was smart to get the head start on Microsoft in a next gen console battle that figures to be a two-company race, as Nintendostruggles to build momentum for Wii U. According to Jen Handley, COO and co-creator of Fizziology, PlayStation is currently seeing almost twice as much social chatter [...]

  • On 5/21/13, PartnerRe Ltd.'s 7.25% Series E Cumulative Redeemable Preferred Shares (NYSE: PRE.PRE) will trade ex-dividend, for its quarterly dividend of $0.4531, payable on 6/3/13. As a percentage of PRE.PRE's recent share price of $28.25, this dividend works out to approximately 1.60%, so look for shares of PRE.PRE to …

  • On 5/21/13, PartnerRe Ltd.'s 6.50% Series D Cumulative Redeemable Preferred Shares (NYSE: PRE.PRD) will trade ex-dividend, for its quarterly dividend of $0.4062, payable on 6/3/13. As a percentage of PRE.PRD's recent share price of $25.60, this dividend works out to approximately 1.59%, so look for shares of PRE.PRD to …

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