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Mark Cuban wants us to sell shares of tax-dodging U.S. companies

Billionaire investor and Mavericks owner Mark Cuban is echoing words from the U.S. president about companies moving overseas for tax cuts and is advocating selling shares to those companies.
In the Media by Ryan Hite - 15 comments

Blackberry shares rise

Toronto - Shares in Blackberry jumped 12 percent in early trading on Wall Street after the troubled smartphone maker reported an unexpected profit.
In the Media by Tim Sandle - 4 comments

U.S. stocks continue stalwart climb in a show of strong recovery

Signs of economic recovery are soaring as U.S. stocks pushed passed a winter slowdown. For the fourth straight day, the Standard & Poor’s Index rose and reached another all-time high, closing at just above 1,900 on Friday, after many months.
In the Media by Simon Crompton - 4 comments

Apple: 43.7 million iPhones, 16.35 million iPads sold in Q1 2014

Earlier today Apple announced in a public statement that over 43.7 million iPhones and 16.35 million iPads were sold during the first, opening quarter of 2014 leading to combined sales of mobile devices of over 60 million units sold.
In the Media by James Walker

Ontario provincial governments look to liquidate GM holdings

When General Motors emerged from bankruptcy in 2010, the Canadian federal and Ontario provincial governments found themselves among the largest shareholders in one of the biggest automakers in the world and, currently, the governments want to liquidate.
In the Media by Jeannie Stokowski-Bisanti

Microsoft shares flirt with dotcom-boom levels on iPad app report

Microsoft Corp's shares scaled levels last seen in the dotcom boom following reports that the company plans to unveil an iPad version of its Office software suite, potentially generating billions of dollars ...
In the Media by Soham Chatterjee (Reuters)

Panasonic jumps more than 6 percent on report of Tesla battery plan

Shares in Panasonic Corp jumped more than 6 percent to a three-week high of 1,271 yen on Wednesday after the Nikkei newspaper said the firm is inviting a number of Japanese suppliers to join it in investing in a U.S.
In the Media by Reuters

Coke sees profits dip

Due to falling sales in the U.S. and across Europe, shares in the soft drinks manufacturer Coca-Cola saw their biggest fall in two years. U.S. sales have fallen by over 4 percent, with a similar decline occurring across Europe.
In the Media by Tim Sandle - 4 comments

Canon climbs to three-week high after share buyback announcement

Shares in Canon Inc advanced 2.4 percent to a three-week high of 3,154 yen on Wednesday after it said it will buy back up to 50 billion yen ($488.5 million) worth of its own shares, or 1.6 percent of its outstanding shares.
In the Media by Reuters

Samsung Electronics shares jump 3 percent on eased currency woes

Shares of South Korea's Samsung Electronics extended their rebound on Tuesday, rising as much as 3 percent, as currency concerns subsided.
In the Media by Reuters

LinkedIn sees share price fall

Shares in the professional networking service LinkedIn fell by 15% at the close of trading after the network posted a weaker-than-expected outlook.
In the Media by Tim Sandle - 1 comment

Medical device producer accused of fraud

ArthroCare Corp., a medical device manufacturer based in Austin, Texas, has agreed to pay a $30 million fine to resolve accusations that its senior executives engaged in a securities fraud scheme.
In the Media by Tim Sandle - 1 comment

Twitter downgrade prompts at least one person to jump ship

Social media websites are crucial, it can be argued, to business success if you work online. Now though social networking sites such as Facebook and Twitter are leaping onto the advertising bandwagon and selling shares but one investor jumped ship Friday.
In the Media by Eileen Kersey - 2 comments

Google shares rise above $1,000

Shares in the Internet giant Google have topped $1,000 for the first time in the company's history. Shares jumped 13.8% on Friday after Google reported better-than-expected earnings.
In the Media by Tim Sandle - 1 comment

Booz Allen Hamilton shares drop after employee leak goes public

Shortly after Booz Allen Hamilton employee Edward Snowden stepped forward as the contractor who leaked information last week about the NSA's secret surveillance program, the company's stocks took a dip.
In the Media by Leigh Goessl - 7 comments

Samsung sees big fall in profits

Samsung Electronics has seen a large fall in its share value and profits, with the share price reaching a four-month low.
In the Media by Tim Sandle - 2 comments

Groupon founder fired admit profits warning

The founder and chief executive of the discount website Groupon, Andrew Mason, has been ousted by the board, following a profits warning.
In the Media by Tim Sandle - 3 comments

Facebook valued between $85bn and $95bn

In preparation for its initial public offering, social media giant Facebook has been valued at between $85 and $95 billion.
In the Media by Tim Sandle - 2 comments

Apple stock hits $500 per share

New York - It was announced on the New York stock exchange today that shares in the computing and technology giant Apple hit $500 for the first time.
In the Media by Tim Sandle - 1 comment

Facebook announces plans for stock market float

Facebook, the social networking site, has announced plans for a major stock market flotation, seeking to raise $5 billion. This valuation is less than business commentators had previously estimated.
In the Media by Tim Sandle - 2 comments

Op-Ed: 'Panorama' exposes bank rip off

An exposé of the ongoing rip off of the British public by the high street banks with particular reference to a BBC Television "Panorama" programme.
In the Media by Alexander Baron

Alaska Pipeline shutdown seen as ‘significant event’

Anchorage - A major oil pipeline in Alaska carrying around 10 to 12 percent of all American output was shut down by BP over the weekend after discovery of a leak and the move is expected to cause already escalating gasoline prices to surge even higher.
In the Media by Lynn Herrmann - 1 comment

Not good news for Qantas fliers or shareholders – another update

Sydney - The Qantas engine drama continues. On Thursday an engine failed, beginning two days of emergency landings for Qantas planes in Singapore. Monday morning in Australia -- minutes ago -- Qantas announced three more engines needing deeper inspection.
In the Media by Robert G Cope - 5 comments

Monsanto has no magic cure for its woes as company flounders

Monsanto is under the gun on a number of different issues, and the company has no magic elixir or engineered fix to halt the corporation's plummet from its recent position as Forbe's Company of the Year.
In the Media by Stephanie Dearing

Centerra Gold confirms operations in Kyrgyzstan, shares fall 12%

Bishkek - Centerra Gold has confirmed it will continue its mining operations in Kyrgyzstan despite the political chaos engulfing the nation. Its shares also fell 12 per cent on Wednesday.
In the Media by Andrew Moran

U.K. Conservatives to offer discounted shares in bail-out banks

In a plan being compared to the privatizations that took place in the 1980s the British Conservative Party has announced that it intends to offer the public discounted shares in banks bailed-out by the taxpayer.
In the Media by Chris Dade - 2 comments

Google founders plan to sell 10 million shares over five years

Google co-founders Sergey Brin and Larry Page each plan to sell about five million shares over the next five years, which is projected to be more than $5 billion in stock.
In the Media by Andrew Moran

Abu Dhabi to Sue Citigroup for $4 Billion

The Abu Dhabi Investment Authority (ADIA), the sovereign wealth fund owned by the oil-rich state in the United Arab Emirates (UAE) which shares its name, is suing the U.S. bank Citigroup for what it claims is fraudulent misrepresentation.
In the Media by Chris Dade

Disney Set to Buy Marvel

The Walt Disney Company is purchasing Marvel Entertainment for $4 billion U.S. adopting the characters Spiderman, the Hulk and others into the Disney family.
In the Media by Kevin Jess - 3 comments

Shares go up after Bernanke says the US is close to recovery

Stock Markets around the world are on the up after positive comments from Ben Bernanke. The chief of the US central bank said the US economy was approaching the beginning of a recovery.
In the Media by Jane Fazackarley - 1 comment
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