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Investor Carl Icahn Sells All Netflix Shares

June 24, 2015 – 11:37 am | Comments Off on Investor Carl Icahn Sells All Netflix Shares
netflix logo

Carl Icahn took to Twitter this morning to announce that his company had sold the remainder of its stocks in Netflix.

The billionaire activist investor believes Apple now offers the same opportunity that Netflix offered “several years ago.”

https://twitter.com/Carl_C_Icahn/status/613718497219076096

Mr. Icahn’s Icahn Enterprises owned about 1.4 million Netflix shares according to Securities Read more […]

Apple Inc. (NASDAQ:AAPL) Stocks And Other News

June 8, 2015 – 7:00 pm | Comments Off on Apple Inc. (NASDAQ:AAPL) Stocks And Other News
Tim Cook WWDC

As Apple Inc. (NASDAQ:AAPL)’s Worldwide Developers Conference gets underway today, the Apple stock has held remarkably steady over the past three months.

It’s only when you look at the year-to-date (YTD) movements, you see that the stock has risen by more than 13.00% , compared to the S&P 500 index which gained only about 1.41% and the Dow Jones Index which has held steady more or less on Read more […]

Yahoo! Inc. (NASDAQ:YHOO) Reassures Investors Over Tax Fears

May 19, 2015 – 9:23 pm | Comments Off on Yahoo! Inc. (NASDAQ:YHOO) Reassures Investors Over Tax Fears
Yahoo CEO Marissa Mayer

Yahoo! Inc. (NASDAQ:YHOO) investors have been premature in reacting to news that the Internal Revenue Service (IRS) is considering changes to rules concerning spinoffs.

In a statement, a Yahoo spokeswoman said it understood that any potential change to the rules would not affect ruling requests that had already been filed.

Yahoo plans to create a new company out of its $33 billion stake in the Read more […]

JPMorgan Chase and Citigroup Likely to Plead Guilty to Forex Rigging Charges

May 13, 2015 – 9:58 am | Comments Off on JPMorgan Chase and Citigroup Likely to Plead Guilty to Forex Rigging Charges

Major US financial institutions JPMorgan Chase & Co. (NYSE:JPM) and Citigroup Inc (NYSE:C) are expected to plead guilty to forex rigging charges brought by the US Justice Department.

What is remarkable about this settlement is that the parent companies themselves will plead guilty to the criminal charges rather than the forex trading subsidiaries.

Major US-based global financial institutions Read more […]

Verizon Buying AOL Is Good News For Yahoo!

May 12, 2015 – 7:57 am | Comments Off on Verizon Buying AOL Is Good News For Yahoo!
Yahoo CEO Marissa Mayer

The $4.4 billion purchase of AOL by Verizon means the incessant talks of Yahoo acquiring AOL can at last be laid to rest. This is good news for Yahoo investors and Yahoo management focused on growing Yahoo in the niche it has chosen.
The Verizon-AOL Deal
The one time giant of the online world, America Online, is a much shrunken version of its former self these days and the broadband and telecommunications Read more […]

Bank of America and JPMorgan Chase Agree to Remove Debts From Credit Reports After Bankruptcies

May 8, 2015 – 7:16 am | Comments Off on Bank of America and JPMorgan Chase Agree to Remove Debts From Credit Reports After Bankruptcies

In a move that may bring relief to more than a million Americans, Bank of America Corp (NYSE:BAC) and JPMorgan Chase & Co. (NYSE:JPM) have agreed to update borrowers’ credit reports in the next three months and remove the consumer debt that stays even after they are legally eliminated in bankruptcy.

This move represents a long pending victory for borrowers whose credit reports have been impacted Read more […]

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