Financial News from Forbes

  • The market caught yet another record-breaking lift this week as hedge fund manager David Tepper built a case of why he is still bullish, quoting the hit movie, "My Cousin Vinny."

  • Tumblr's new owner? (Image credit: via @daylife) The last remaining obstacle to Yahoo's acquisition of Tumblr has been cleared away. According to multiple reports, Yahoo's board of directors has signed off on a $1.1 billion bid for the six-year-old company, which combines features of a social network and a publishing platform. …

  • Jack Ma faces stiff competition from Ma Huateng’s Tencent.

  • With its imminent acquisition of Tumblr, and a snazzy new iPhone app, Yahoo! seems to be on a run. This chart shows how investing in the original internet portal a year ago stacks up against the Facebook IPO.

  • Here's something I bet you didn't know. Back in 1979 and 1982, Star Trek: The Motion Picture and Star Trek II: The Wrath of Khan broke the opening weekend record with $11.9 million and $14.3 million respectively. So, yes, for a brief period, the Star Trek franchise really was in the same kind of company as [...]

  • Russian government looking to sell out of Rosneft, one of the world's largest energy companies.

  • These are the best and worst-performing medical and biotech stocks from May 10 to May 17, 2013. This screen includes biotechnology and medical companies traded on the New York Stock Exchange, the Nasdaq or the American Stock Exchange that had market capitalizations of more than $300 million as of a [...]

  • Developers browse less momentous hardware at Google's branded merchandise store at the I/O developer conference in San Francisco. Despite persistent rumors that Google would debut an updated tablet or a phone or even some surprise like a smart watch at its I/O developer conference last week, the company ended up unveiling …

  • My skepticism about Facebook's initial public offering of a year ago has been vindicated.

  • Why Enterprise Is Avoiding Windows 8 @ Forbes - 9 hours ago

    Despite Microsoft shipping more than 100 million Windows 8 licenses, Redmond's newest operating system is not making much headway in the enterprise world, with IT decision makers deciding to give it the cold shoulder. So, what's holding Windows 8 back? Forrester Research analyst David Johnson believes that the problem lies …

  • The iPhone still leads in some areas, but how close is the Samsung Galaxy S4 to making good the deficit?

  • Nothing makes Los Angeles as beautiful as the jacaranda bloom each spring

  • A scene from the finale of last season of The Walking Dead, from Hyundai's Facebook page. After this summer, Hyundai will see one nifty product-placement platform disappear but is doubling down on another.  USA Network's Burn Notice will end but Hyundai's relationship with AMC's mega-hit The Walking Dead will continue and …

  • China's smoking hot real estate market barely cools in April.

  • Is Tumblr The New Geocities? @ Forbes - Sat, May 18, 2013 5:36 PM EDT

    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 [...]

  • Tumblr And Yahoo: Latest Details On The Imminent Deal @ Forbes - Sat, May 18, 2013 1:54 PM EDT

    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.

  • Larry Page, Google co-founder and CEO speaks during the opening keynote at the Google I/O developers conference at the Moscone Center on May 15, 2013 in San Francisco, CA. (Credit: Getty Images) Here’s one more reason the increasing presence of Google Fiber is good: access to blistering fast internet is spurring [...]

  • 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.

  • What To Do In Los Angeles, The HiddenLA Way @ Forbes - Sat, May 18, 2013 11:06 AM EDT

    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 [...]

  • Health Plans Cautious On Where To Sell Obamacare Coverage @ Forbes - Sat, May 18, 2013 9:30 AM EDT

    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 [...]

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