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