Tag Archives: Wall Street

Facebook Shares Fall 4% on Wall Street, Record-Low Since Company’s IPO

  NEW YORK – Facebook Inc. shares plummeted to 4% on Friday, suffering record lows of 19.04 dollars per share – about 50% less than the company’s stock values when it first debuted in the stock exchange. Costs per share fell sharply on Thursday after one of several lock-ups on Read On..

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Wall Street Falling in Love with the iPhone 5

Shares of U.S. technology company, Apple, reached all-time highs on the NYSE on Friday. Shares of the company reached an all time high of $644, trading on 29.9 times and slightly sliding back down to 642.28 dollars per share. Shares of the company reached several records in the early months Read On..

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Operation Twist Hurts Savers

  NEW YORK – With bond yields and mortgage rates reaching record lows, the efforts of the U.S. Federal Reserve (Fed) to extend the life of the Operation Twist will probably not work to reduce U.S. interest rates. Still under the status quo, debtors, including the U.S. government itself, continue Read On..

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Wall Street Starts Week with Losses

  NEW YORK – U.S. stocks fell sharply on Monday, leaving the S & P 500 just above the breakeven point so far this month. This is in-line with the predictions made by investors that very little should be expected this week as the European summit is set to begin Read On..

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Facebook’s Debut Lifted Investors’ Spirits

NEW YORK – U.S. stocks opened higher on Friday as the debut of Facebook titles lifted the spirits of investors. Shares of the largest online social network start trading at 1500 GMT.   Still, the major indexes are on track to close its worst week of 2012 under pressure from Read On..

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Is Facebook as Big as It Claims to Be?

The Facebook IPO scheduled for this week generated a wave of euphoria on Wall Street. But the enthusiasm did not always translate into money carts for investors.   Facebook is listed on the midpoint of the estimated range of $28 to $35 a share, starting with a market capitalization of about $86 Read On..

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Avon Reported Less Profit, Less Sales

Avon Products reported Tuesday a disappointing quarterly profit because they faced higher costs and a decline in sales, which could give their opponent more arguments to return to the fray with its plan to acquire the largest firm global direct seller of cosmetics.   The Avon sales volume fell in Read On..

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Cook Removes the Shadow of Steve Jobs

NEW YORK - The CEO of Apple, Tim Cook, has been long seen as a boring and an unemotional subject who pulls the strings behind the scenes. But now, he is beginning to reveal a most eloquent and energetic side which is an indication that he is learning to bear the Read On..

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A Clash of Cultures at Goldman Sachs

Long before Goldman received the nickname “vampire squid”, it was assumed that he could “take your eyes” to their customers in order to make money. And if there was any doubt, almost two years, the case of Abacus Securities and Exchange Commission against Goldman made it clear that the company Read On..

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