Archive for the ‘Stock Market’ Category

Facebook boosts its mobile services through its partnership with Bango

Jerimiah Yap – Fourth Estate Cooperative Writer Menlo Park, CA, United States (4E) – Facebook has partnered with Bango and now accepts mobile payments through various carrier services in the United States. Bango is one of the most popular mobile payment services in the world. Aside from Facebook, retailers, stores and content providers use Bango […]

Cattle die by the thousands in Swaziland

Lobamba, Swaziland (IRIN) – Cold and wet weather, coupled with overgrazing and poor animal husbandry, has been blamed for the deaths of about 10,000 cattle in Swaziland in the past month – and has increased fears of health risks as people scavenge carcasses for food. “This is the highest number of cattle deaths in the […]

Fed announces QE3 with mortgage backed securities purchases every month

Nathan Andrada – Fourth Estate Cooperative Contributor Washington, DC, United States (4E) – The U.S. Federal Reserve announced it is undertaking open-ended purchases of $ 40bn worth of mortgage backed securities (MBS) every month expanding it long-term securities holdings. The move is the third round of quantitative easing the Fed has made since 2010 as […]

Facebook CEO Mark Zuckerberg promises better mobile strategy

Nathan Andrada – Fourth Estate Cooperative Contributor San Francisco, CA, United States (4E) – Speaking at the TechCrunch Disrupt conference in San Francisco on Tuesday, Facebook CEO Mark Zuckerberg said that he was disappointed by the performance of the company’s stock that has disappointed many of their investors, but he vowed to improve results with […]

Zuckerberg promises not to sell shares for at least a year

Jerimiah Yap – Fourth Estate Cooperative Writer Menlo Park, CA, United States (4E) – Facebook founder and chief executive officer Mark Zuckerberg doesn’t plan to sell his shares despite the company’s falling stock prices. Some Facebook executives have already sold shares, including co-founder Dustin Moskovitz. Facebook director Peter Thiel sold his shares of the company […]

Resale value of Galaxy S II drops after Apple’s $1 billion federal court win

Jerimiah Yap – Fourth Estate Cooperative Writer San Francisco, CA, United States (4E) – After a federal court decided that Samsung did infringe on Apple’s patent and awarded $ 1 billion to the Cupertino-based company, the Galaxy S II’s resale value has dropped. Gazelle, a website that buys consumer electronics and resells the merchandise, reported […]

Facebook co-founder Moskovitz sells some shares, plans to sell more

Jerimiah Yap – Fourth Estate Cooperative Writer New York City, NY, United States (4E) – A few weeks ago Facebook director Peter Theil sold about 80 percent of his shares and earned an estimated $ 1 billion with only an investment of half a million dollars. Recently, Facebook co-founder Dustin Moskovitz has followed suit and […]

Facebook’s acquisition of Instagram approved by the Federal Trade Commission

Jerimiah Yap – Fourth Estate Cooperative Writer San Francisco, CA, United States (4E) – Facebook’s acquisition of popular photo app Instagram was given the go-signal by the Federal Trade Commission (FTC). The FTC finished the investigation of the deal and Facebook was allowed to proceed to transact the $ 747 million deal. The deal includes […]

Barnes & Noble’s Nook e-reader sales are down from last year

Jerimiah Yap – Fourth Estate Cooperative Writer New York, NY, United States (4E) – Bookstore Barnes & Noble Inc. posted a decline in its mobile digital reader sales in its second quarter report. It is the second consecutive quarter that Barnes & Noble has reported a drop in Nook sales. Last year Barnes & Noble […]

Apple is most valuable company in history

Jerimiah Yap – Fourth Estate Cooperative Writer New York, NY, United States (4E) – As Apple and Samsung battle in court, another company’s achievement has been overlooked — Apple set a new record on Monday. The Cupertino-based company’s market value climbed to $ 623.5 billion, making it the most valuable company in history. The title […]