A thoughtful gift for his teammates.
Is it just me or is it sometimes hard keeping up with all of the Black girl magic happening all the time?
(Smart Money) — A small group of stock-market researchers say companies should at least hand over the data. They argue that firms should disclose their customer satisfaction scores when reporting earnings and other financial results because customer happiness seems to be a pretty good predictor of the two things that matter most to stock investors: […]
(Wall Street Journal) — Intel Corp. agreed to pay $7.68 billion to acquire computer-security software maker McAfee Inc., aiming to boost the chip giant’s own online and wireless-computing efforts. Intel will pay $48 for each share of McAfee, a 60% premium to Wednesday’s closing price. The stock last traded at that level in 1999. Shares of McAfee […]
(USA Today) — Earning their money by managing yours? If you suspect that your mutual fund manager might just be tracking an index instead of, you know, actively managing, a new site, http://www.fundanalyze.com, will help confirm your suspicions. Created by fund expert Max Rottersman, the site takes advantage of a statistical measure calledr-squared, which shows […]
(Target Market News) — Radio One has announced that it has initiated financial transactions that will enable the company to increase it ownership stake in the TV One cable network. Currently Radio One control approximately 37% of outstanding shares. The purchase will give it about 56% of the controlling interest. In addition to Radio One, […]
(Smart Money) — On paper, share repurchases are worth more to investors than dividends. In practice, I believe investors are better off with dividends. Whether that’s still the case next year depends on Congress. Dividends and share repurchases are both used to periodically transfer company profits to shareholders. With dividends, the transfer is made in the […]
FORTUNE — Volatility in the stock market is a lot like turbulence on an airplane: scary, nausea-inducing, and, if at all possible, best to ignore. Just as a plane almost certainly will land safely despite the uncomfortable bumps, the market usually rises over time (the gruesome past decade notwithstanding). Yet while for the vast majority […]
(Smart Money) — GOOD MORNING. Asian shares finished higher, and European markets are rising. US futures are pointing to a positive opening. How are homebuilders feeling? At 10 a.m. today, the National Association of Home Builders will release its Housing Market Index, which tracks builders’ confidence about current single-family home sales, as well as the prospects […]
(CNN) — U.S. stocks were poised to fall sharply at Tuesday’s open as a selloff in global markets rattled confidence. Dow Jones industrial average (INDU), S&P 500 (SPX) and Nasdaq (COMP) futures were down about 2%. Futures measure current index values against perceived future performance and offer an indication of how markets may open when […]
(CNN) — You may want your portfolio to throw off a decent amount of income, either to fund current needs or because you (quite sensibly) don’t want to rely on capital gains for all your investment returns. But with the distinct possibility of rising interest rates, higher inflation, and lower returns, bonds hardly look like […]
(Bloomberg) — The U.S. Treasury Department plans to sell “up to” 1.5 billion shares of Citigroup Inc. in the government’s biggest step yet to exit the 27 percent ownership of the bank it rescued during the financial crisis. The Treasury will give its agent, Morgan Stanley, “discretionary authority” to sell the amount, and expects to […]