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Knight Capital Says It Lost up to $35 Million on Facebook
Knight Capital Group Inc. estimated that it lost about $30 million to $35 million trading Facebook Inc. because of technical problems at Nasdaq OMX Group Inc. related to the social-media company s initial public offering.Knight, a brokerage based in Jersey City, New Jersey,...
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Europe Weighs on NetApp's Outlook; Stock Slumps
NetApp Inc. on Wednesday forecast revenue below Wall Street's expectations and its chief executive warned of uncertainty in Europe, sending the data storage equipment maker's shares down 18 percent in after-hours trade.
The day before, Dell Inc posted disappointing...
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Pandora Shares Jump as Loss Shrinks, Mobile Ad Sales Grow
Shares of Pandora Media Inc., the Internet radio pioneer, rose as much as 17 percent in extended trading Wednesday after first-quarter results exceeded analysts' estimates on higher mobile advertising sales. Pandora jumped to as high as $12.05 after reporting a...
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Dell Shares Slide 17% as Forecast Misses Estimates
Shares of Dell Inc. tumbled the most in more than a decade after the company forecast fiscal second-quarter revenue that missed analysts estimates. Dell slumped 17 percent to $12.49 at Wednesday's close in New York, the biggest one-day decline since November 2000. The...
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Red Hat's Shares Fall as Piper Sees Billing Slowdown
Shares of Red Hat Inc., the largest seller of the open-source Linux operating system, fell Wednesday after an analyst at Piper Jaffray Co. projected a slowdown in billings growth.
The Raleigh, North Carolina-based company declined 3.4 percent to $54.43 at the close in New...
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Best of Both Worlds: Income-Producing ETFs in Review
The simple idea of owning an exchange-traded fund (ETF) is buying exposure on the cheap, usually to equities. That is, rather than concentrating your risk on 10 or even 100 stocks, why not buy equal but tiny slices of 500 or 1,000 and get a tiny management fee to go along with it?
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Calpers Joins 2 Pension Funds Opposing Wal-Mart Directors
The California Public Employees' Retirement System plans to vote against the re-election of nine Wal-Mart Stores Inc. directors following allegations that executives bribed Mexican officials. Calpers, the pension fund for state employees, made the statement Wednesday on its...
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Paulson-Led Group to Sell Hotels to End Their Bankruptcy
A group led by Paulson & Co. plans to sell the Arizona Biltmore resort and the Claremont Hotel Club & Spa in Berkeley, California, as part of an effort to bring the properties and two other hotels out of bankruptcy. Paulson, a New York-based hedge fund, and co-investor...
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Brokerage Needham Gives Facebook 'Buy' Rating, $40 Price Target
Brokerage Needham & Co. started coverage on Facebook Inc with a "buy" rating, a rare positive take on the shares of the social network after they lost nearly a fifth of their value since the company's stock started trading last Friday.
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Buffett’s 'Idiot' Challenge Seized by Jain in Premium-Growth Hunt
Ajit Jain, who helped build Berkshire Hathaway Inc. into a $200 billion firm by underwriting risks that others shunned, is hunting for insurance-premium growth that his boss Warren Buffett says may be a thing of the past.The funds that Berkshire holds before paying out...
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Facebook Selloff Almost Snowballed Into Run on Stock
The Facebook selloff just after the company's initial public offering came dangerously close to escalating in a run on the stock, traders say.
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S&P’s Stovall: Stock Market ‘Ready for Bounce’
Various factors indicate that stocks are “ready for a bounce” and that declines will be contained, says Sam Stovall, chief equity strategist at S&P Capital IQ.
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MarketWatch's Paul Farrell: Facebook Fiasco Could Destroy US Economy
MarketWatch's Paul Farrell is worried that American investors are blowing a newer, bigger bubble: a Black Swan by the name of Facebook that truly can bring down the economy, bigger than 2000 and 2008 combined.
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Regulators, Investors Turn Up Heat Over Facebook IPO
Facebook Inc. s initial public offering is getting less friendly with each passing day.
Investors and regulators raised new concerns about the $16 billion IPO as Facebook shares fell a second straight day, extending losses to 18 percent below the $38 offer price.Morgan...
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Einhorn, Paulson, Gundlach Unveil Their Investment Picks
Hedge fund luminaries such as David Einhorn, Jeff Gundlach, and John Paulson listed some of their investment choices at a recent conference in New York.
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Barclays to Sell BlackRock Stake at a Discount
British bank Barclays will sell its nearly 20 percent stake in BlackRock at a discount, sending the U.S asset manager's shares down 2 percent after the bell. Barclays will sell 26.2 million BlackRock shares at $160 per share, a 2 percent discount from its Tuesday closing...
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Dell Shares Tumble as Profit, Outlook Fall Short
Dell Inc. on Tuesday forecast fiscal second- quarter revenue that missed analysts' estimates as consumers and businesses held off on buying personal computers and the company continued to focus on profit margins instead of sales growth. Revenue for the period ending in July...
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Facebook Stock Extends Slide as SEC Calls for Review of IPO Fiasco
Facebook's shares sank an additional 8.9% Tuesday as questions mounted over the company's long-term prospects and the top U.S. securities regulator called for a review of the problems surrounding its initial public offering last week.
The comments urging a review, by...
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Facebook Existential Moment Begins With Analysts’ $30-$50 Spread
Analysts who broke away from the herd and told investors to avoid Facebook Inc., the biggest initial public offering ever by a technology company, are looking like heroes after the stock plunged.
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Greeks See Eurozone-Exit Risks as 'Empty Threats'
In a land of ancient myths, modern Greeks have created some of their own about their near-bankrupt country's future as an integral part of a Europe that will never kick them out.
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Trucker Shares Seen Ready to Rally in U.S. With Housing Rebound
Trucking companies may need to put more vehicles on the road to support a recovery in U.S. residential construction, which might send their shares higher.
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Silicon Valley Takes Facebook Fizzle in Stride
Facebook's lackluster initial public offering performance is a black eye for many on Wall Street and could have ramifications for similar upcoming deals such as an offering by Twitter, but venture capitalists in Silicon Valley are keen to shrug off Facebook's stumble — at least for now.
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David Murrin: Massive Stock Rally Coming Despite UK Turmoil
Despite European turmoil that's not going to subside, a heady rally is coming as many stocks are oversold, says David Murrin, chief investment officer at alternative investment firm Emergent Asset Management,
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Wells Fargo Doubles Down on Mutual Funds
Wells Fargo & Co. will double its $444 billion asset-management unit within seven years by expanding in international markets as wounded European rivals retrench, according to division chief Mike Niedermeyer.
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JPMorgan Veered From Hedging Practices at Banks With Credit Bets
JPMorgan Chase & Co.’s biggest U.S. competitors say their corporate investment offices avoid the use of derivatives that led to the bank’s $2 billion loss and buy fewer bonds exposed to credit risk.
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