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Market Wrap For February 28: Markets Unable To Hold On To Gains
Friday, February 28, 2014 - 5:53pm | 2389U.S. stocks were mixed despite the S&P 500 hitting new all time highs of 1,867.92. Rumors surrounding Russian military involvement in Ukraine naturally presented investor concerns and fear in the market. The market was boosted by a positive consumer sentiment and a steady existing-home...
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Yahoo CEO To COO: You're Fired
Thursday, January 16, 2014 - 1:57pm | 402Marissa Mayer, Chief Executive Officer at Yahoo! (NASDAQ: YHOO) fired the company's second-in-command and Chief Operating Officer, Henrique de Castro. De Castro was Mayer's first major hire when she joined the company, tempting him with a four year, $62 million salary to join her in an exodus from...
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Market Wrap For January 3: Bernanke Speaks As Fed Chairman For Last Time; Markets Little Moved
Friday, January 3, 2014 - 5:29pm | 1497Fed Chairman Ben Bernanke took to the podium today in what many consider to be his farewell speech. During his tenure, Bernanke developed the nickname "Helicopter Ben," which is likely to stick with him for some time. Bernanke noted, "The FOMC's decision to modestly reduce the pace of asset...
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Market Wrap For December 11: S&P 500 Drops Most in a Month, Dow Suffers Triple Digit Losses
Wednesday, December 11, 2013 - 5:31pm | 1987Major indices began selling straight at the opening bell as investors drew closer to the conclusion that the Fed could scale back its bond buying activity as soon as next week following the new budget deal. Helping the Fed taper argument was a report released by BlackRock which made the case...
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Not Just Twitter: Another IPO Could Jolt These ETFs
Monday, September 16, 2013 - 1:39pm | 1017One of the bigger, recent news items pertaining to the Internet sectors were last week's reports that social media firm Twitter has filed plans for an initial public offering. Although Twitter may currently have less than $1 billion in annual revenue, estimates for the company's post-IPO...