Capitalism has been taking a big hit lately.
Iowa-based futures trader Peregrine Financial Group Inc., which operates PFGBest, just filed for bankruptcy after two national industry watchdogs, the Commodity Futures Trading Commission and the National Futures Association, alleged fraud over $200 million in missing customer accounts. Peregrine owner Russell Wasendorf, meanwhile, faces charges of misappropriating these funds for more than two years and for falsifying records. He was reportedly arrested more »
The love affair between Hollywood and China is deepening. Following on-again, off-again talks that began more than a year ago, the privately-owned Chines Dalian Wanda Group Corp., one of that nation’s largest theater company owners, has agreed to purchase AMC Entertainment Holdings (NASDAQ: AMCX) for a reported $2.6 billion.
That’s one of the largest takeovers by a Chinese company of an American company ever. That’s also more »
By Cheryl Chumley - June 8, 2012
Nokia (NYSE: NOK), At around $3 a share, it doesn’t get any lower than this. Not exactly a ringing endorsement, true. But that’s just a half-jest, and a look at the smartphone market may just make a quick Nokia buy-in one of today’s smartest investments.
Facebook (NASDAQ: FB) made its big public splash on May 18, at $38 per share. The stock's selling price jumped to just over $42, but fell back to the $38 mark before the close of its first public offering day. By May 22, the price per share had fallen to the $31 range. Lawsuits have been filed.
“Phillip Goldberg, a Maryland investor, said in a complaint filed [May 22 more »