News

Facebook IPO Date Set for May 18

May 2, 2012

Facebook is one of the most anticipated IPO’s of the past few years and it could end up being the biggest IPO in history.  The Wall Street Journal has reported that Facebook is set to announce an IPO date of May 18, 2012.  The company will head out on its roadshow on Monday May 7, [...]

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Los Angeles Dodgers Now Wealthiest Franchise With $2 Billion Sale

March 29, 2012

Yesterday Major League Baseball and the Los Angeles Dodgers announced that the team had been sold to former Los Angeles Laker Magic Johnson and Guggenheim Partners for a record $2 billion.  This is the largest price tag to ever be placed on a sports franchise. Some people are going to question whether or not this [...]

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Effects from the Last Federal Reserve Meeting

February 6, 2012

Recently the Fed had a meeting that many are saying will have long lasting effects on how the central bank operates. The Fed took two steps in last weeks meeting. The first was publishing detailed interest rate projections of each of the 17 officials who participate in the policy meetings. The publication did not identify [...]

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Should Investment Income be Taxed Lower Than Wages?

February 1, 2012

Over the last few months one of the hot topics has been whether or not it is fair that investment income is taxed at a lower rate than wages. A couple of weeks ago Republican presidential candidate Mitt Romney released his 2010 tax return and it showed that he paid roughly 15% tax on around [...]

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Facebook Could File Long Awaited IPO Next Week

January 27, 2012

Wall Street has been anticipating a Facebook initial public offering for some time now and it looks like we might finally see the start next week. It was reported this afternoon that Facebook could file papers for its IPO by Wednesday. It is expected that they will choose between Morgan Stanley and Goldman Sachs to [...]

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Kodak files for Chapter 11 Bankruptcy

January 23, 2012

The iconic photography company, Kodak has filed for Chapter 11 bankruptcy protection. The company is based in Rochester, New York and founded in the late 19th century by George Eastman. Rumors have swirled around the company for the last three months that it would file for bankruptcy. CEO Antonio M. Perez made the announcement stating, [...]

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Zappos Customer Database Hacked

January 16, 2012

If you are a shoe lover, or just love great deals on apparel and other home goods with free shipping, you have probably shopped on Zappos.com. I woke up this morning to find an email from Zappos.com urging me to change my password information for my account, over a security breach on the site of [...]

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Saab Files for Bankruptcy

December 30, 2011

After months of trying to stay afloat, Saab the Swedish carmaker has filed for bankruptcy. The company’s owners have given the company’s assets over to a Swedish court- appointed receiver.  Sabb was founded as an airplane maker in 1937 and entered the car business in 1946. General Motors is a former owner of Saab. General [...]

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Bank of America Drops Debit Card Fees

November 1, 2011

Last month we published a blog about the new debit card fees Bank of America was planning to charge customers. Today, Bank of America, which is the second largest bank in the United States, has announced that the company is dropping their plan to charge a $5 monthly fee for customers who use their debt [...]

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Today Ends the Worst Quarter for Stocks Since 2008

September 30, 2011

Today marked the end of the third quart and the worst quarter for the US stock market since 2008. Remember 2008? Yeah I know it was one of those years that most of us would like to forget. So this last quart was also one to forget. The S&P 500 last 14.3% and the Dow [...]

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