Bill Gross, a legendary bond fund manager, is about to close the books on a terrible year for his $241 billion PIMCO Total Return Fund. His missteps underscore the risks of a concentrated investment and in staying too long with a …
Markets
The Hidden Pitfalls of 529 College Savings Plans
The year-end push to contribute to a 529 state college savings plan is in full force. These plans make a lot of sense. But they also have drawbacks. Here’s how to make the most of them.
Bank of America Shares Fall Below $5 to New 2011 Low
Bank of America, the second largest U.S. bank by assets, fell more than 5% on Monday to below $5 per share for the first time in 2011, and the lowest level since March of 2009. The $5 threshold is more than just a psychological …
Feds Charge ‘Rudy’ — Yes, That ‘Rudy’ — With Stock Fraud
This time, Rudy got sacked.
Daniel “Rudy” Ruettiger, best known as the indomitable underdog who realized his dream of playing football at Notre Dame, was charged with deceiving investors Friday by the Securities and Exchange …
Zynga Pops 10% Then Drops Below IPO Price in Lukewarm Debut
Online game-maker Zynga went public Friday, raising $1 billion in the biggest Internet IPO since Google in 2004. The company’s shares opened at $11 — 10% above the $10 offering price — before quickly falling as low as $9.50, …
Zynga’s Valuation Could Reach $10 Billion After IPO
Web gaming phenom Zynga, which is preparing to go public Friday, does not have a complicated business. People love to hang out on Facebook and share stuff with their friends. People also love to play online games. So it’s no …
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How Apple’s iPhone and Google’s Android Left BlackBerry in the Dust
Update 5 p.m. December 15 — Research in Motion reported disappointing third-quarter results Thursday after the close of the stock market. Earnings plummeted 71% to $265 million, from $911 million one year ago, though much of …
Don’t Cry for Goldman Sachs, Despite ‘Bad’ Year and Partner Exits
Has Goldman Sachs lost its lustre? The Wall Street powerhouse is wrapping up its worst financial performance since 2008, with profits down more than 40% so far this year. As a result, end-of-year bonus payouts are sure to be …
How Flooding in Thailand Hurts Intel’s Sales
Intel, the world’s largest microchip maker, lowered its sales forecast by $1 billion due to a shortage of hard disk drives caused by the recent severe flooding in Thailand, the company said Monday. Thailand is one of the world’s …
Is Facebook Really Worth $100 Billion?
That’s the question many people are asking amid rising chatter that the booming social network plans to go public in 2012 and raise up to $10 billion in a deal that could value the company at more than $100 billion.
How the Lost Decade is a Boon for Your Portfolio
The lost decade has a silver lining: investors who accumulate shares during long market dry spells end up with twice as much money, new research shows.
Surprise! Warren Buffett Owns Tech Stocks
A week after disclosing that he had dived headlong into stocks dependent on a strong economy, Warren Buffett reveals he also bought 5.5% of the technology giant IBM. Cyclical and tech stocks are not usually high on Buffett’s wish …