Archive for the ‘Stock Market’ Category

Yahoo’s stock plummets 10 percent from last week

Jerimiah Yap – Fourth Estate Cooperative Writer San Francisco, CA, United States (4E) – Yahoo experienced a 10 percent drop in its stock price this week — many attributing it to unhappy shareholder experience with regards to newly hired chief executive officer Marissa Mayer’s decision not to hand out dividends in the company’s sale of […]

BlackBerry 10 operating system to be licensed to other manufacturers

Jerimiah Yap – Fourth Estate Cooperative Writer New York, NY, United States (4E) – Research in Motion (RIM) announced that the BlackBerry 10 operating system will be available for licensing to other manufacturers. This is after weeks of rumors whether BlackBerry 10 would indeed be licensed. This move could mean big things for RIM’s struggling […]

Manchester United has tepid NY stock market debut

Fitzgerald Cecilio – 4E Sports Reporter New York, NY, United States (4E Sports) – Manchester United did not perform as expected during its much-anticipated stock market debut Friday, raising just $ 234 million from 16.7 million shares to finance the debt-riddled team. The team (MANU.N) opened at $ 14.05 per share on the New York […]

Knight Capital Group given $400-M lifeline

Nathan Andrada – Fourth Estate Cooperative Contributor New York, NY, United States (4E) – Knight Capital Group got a $ 400mn infusion from Wall Street investors after a frantic rush by the brokerage firm to raise much needed capital following a massive computer glitch last week. Knight Capital performs huge volumes of trades at the […]

Washington Post’s profit dipped in second quarter

Jerimiah Yap – Fourth Estate Cooperative Writer New York, NY, United States (4E) – Publishing group Washington Post Co. reported a 29 percent profit loss in the second quarter. During the same period last year, Washington Post’s share was valued at $ 47.6 million or $ 6 a share. That value dropped in the second […]

Apple’s September 12 event might announce iPhone 5

Jerimiah Yap – Fourth Estate Cooperative Writer San Francisco, CA, United States (4E) – A month before Microsoft is set to release Windows 8 and its Surface tablet, Apple is scheduled to unveil something big. It’s rumored that Apple has set September 12 as the date of its iPhone 5 public introduction. Analysts expect Apple […]

Hong Kong billionaire Zhang Zhi Rong under SEC insider trading investigation

Nathan Andrada – Fourth Estate Cooperative Contributor Hong Kong, China (4E) – A company owned by Chinese real estate mogul Zhang Zhi Rong is now caught in a middle of insider trading scandal that involves the record-breaking $ 15.1bn acquisition of Canada-based oil and gas company Nexen by CNOOC. The U.S. Securities and Exchange Commission […]

Facebook’s quarterly earnings to be released this week

Nathan Andrada – Fourth Estate Cooperative Contributor New York, NY, United States (4E) – In its first quarterly earnings reports since its public listing two months ago, social media Facebook is expected to post disappointing numbers. The announcement on the company’s performance this week follows one of the most highly anticipated initial public offerings in […]

APEC banks reaffirm cooperation to better serve SMEs

Fourth Estate Cooperative Staff Manila, Philippines (4E) – Thirteen banks from the Asia Pacific Economic Cooperation (APEC) bloc serving mostly small and medium enterprises (SMEs) reaffirmed their cooperation to better serve SMEs during a meeting in Manila on Thursday. Heads of delegates from Standard Chartered Bank Hong Kong (SCBHK), Japan Finance Corp. (JFC), Industrial Bank […]

Stocks bounce back in Europe, Asia and the US

Jerimiah Yap – Fourth Estate Cooperative Writer London, United Kingdom (4E) – WIth the way the stock market bounced back the past two days, it seems Europe is on its way to recovery. For the second consecutive day, European stocks gained and companies posted earnings. The Stoxx Europe 600 Index climbed to 0.4 percent from […]