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Business News

Location American Business News for 21 December 2012

Herbalife Shares Are Getting Destroyed (HLF)

Business Insider - 21 Dec 2012 20:55
Herbalife Shares Are Getting Destroyed (HLF) Shares of Herbalife are down 14% today.  Yesterday, hedge fund giant Bill Ackman gave his brutal short thesis in a presentation, which is circulating today..  Check it out:  SEE ALSO: We Have Never Seen Anyth...
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Avago Technologies Moves Up In Market Cap Rank, Passing CONSOL Energy In the latest look at stocks ordered by largest market capitalization, Russell 3000 component Avago Technologies Ltd (NASD: AVGO) was identified as having a larger market cap than the smaller end of the S&P 500, for exam...
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The #1 Mistake In A Lot Of Fiscal Cliff Analysis

Business Insider - 21 Dec 2012 13:49
The #1 Mistake In A Lot Of Fiscal Cliff Analysis Quick point on what happens next in the Fiscal Cliff situation, now that Boehner's Plan B vote has failed. We're seeing this point made a lot. From the FT: It now casts doubt on Mr Boehner’s ability to muster supp...
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DealBook: Former SAC Trader Is Indicted

The New York Times - 22 Dec 2012 01:54
A former SAC Capital Advisors portfolio manager, Mathew Martoma, was indicted on Friday on securities fraud and conspiracy charges in a case that federal prosecutors have called the most lucrative insider trading scheme ...
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The Video Of An Herbalife Distributor Showing Off His Ferrari And Mansion Was A Highlight Of Ackman's Big Presentation Bill Ackman, who has an enormous short position on Herbalife, believes that the multi-level marketing company that sells nutrition and weight loss supplements is a pyramid scheme. He has a price target of zero and bel...
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HOUSE OF THE DAY: Korean Pop Star Psy Picks Up A $1.25 Million Los Angeles Condo Korean pop star Psy's viral "Gangnam Style" music video hit one billion views on YouTube today, and it seems like the celebrity is marking the occasion with a major real estate purchase. TMZ reports that Psy just bought ...
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Nike shares jump 6.2% on results

BBC - 22 Dec 2012 01:56
Nike shares jump 6.2% on results Sportswear giant Nike shares closed with a sharp gain on Friday after it reported a strong rise in demand in its home North American market.
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Lifepoint Hospitals Larger Than S&P 500 Component Advanced Micro Devices In the latest look at stocks ordered by largest market capitalization, Russell 3000 component Lifepoint Hospitals Inc (NASD: LPNT) was identified as having a larger market cap than the smaller end of the S&P 500, for exa...
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Why You Should Fire Some Clients As The Year Winds Down

Business Insider - 22 Dec 2012 01:51
Why You Should Fire Some Clients As The Year Winds Down Straight up: Some clients suck. With 2012 winding down, now's the time to give your company's health (and your sanity) a boost by cutting the duds from your client list.  "When you work for yourself, there's a natural...
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Ciena Moves Up In Market Cap Rank, Passing Lexmark International In the latest look at stocks ordered by largest market capitalization, Russell 3000 component Ciena Corp (NASD: CIEN) was identified as having a larger market cap than the smaller end of the S&P 500, for example Lexmark ...
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Henry Schein Larger Than S&P 500 Component Peabody Energy Corp In the latest look at stocks ordered by largest market capitalization, Russell 3000 component Henry Schein, Inc. (NASD: HSIC) was identified as having a larger market cap than the smaller end of the S&P 500, for example ...
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Itron Moves Up In Market Cap Rank, Passing Big Lots In the latest look at stocks ordered by largest market capitalization, Russell 3000 component Itron, Inc. (NASD: ITRI) was identified as having a larger market cap than the smaller end of the S&P 500, for example Big Lot...
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SVB Financial Group Moves Up In Market Cap Rank, Passing E*trade Financial Corporation In the latest look at stocks ordered by largest market capitalization, Russell 3000 component SVB Financial Group (NASD: SIVB) was identified as having a larger market cap than the smaller end of the S&P 500, for example...
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United Therapeutics Larger Than S&P 500 Component Molex In the latest look at stocks ordered by largest market capitalization, Russell 3000 component United Therapeutics Corp (NASD: UTHR) was identified as having a larger market cap than the smaller end of the S&P 500, for ex...
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Kayak unwraps the best and worst times to travel this holiday season [infographic] What are the best days to book flights? What are the hottest holiday destinations? How much can you save by traveling on Christmas? All this and more in an exclusive infographic.
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Fulton Financial Moves Up In Market Cap Rank, Passing Advanced Micro Devices In the latest look at stocks ordered by largest market capitalization, Russell 3000 component Fulton Financial Corp. (NASD: FULT) was identified as having a larger market cap than the smaller end of the S&P 500, for exam...
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Fiscal cliff fears hit US stock markets and oil prices Deadlock in Washington discussions on debt and spending jeopardises deal being reached before 1 January deadline Fears that the US would fall over its looming fiscal cliff sent stock markets reeling and oil prices droppi...
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Cathay General Bancorp Moves Up In Market Cap Rank, Passing Lexmark International In the latest look at stocks ordered by largest market capitalization, Russell 3000 component Cathay General Bancorp (NASD: CATY) was identified as having a larger market cap than the smaller end of the S&P 500, for exam...
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Your Money: Walking the Tightrope on Mental Health Coverage

The New York Times - 22 Dec 2012 01:40
Your Money: Walking the Tightrope on Mental Health Coverage While many people with health insurance also have mental health coverage, some are reluctant to use it — or can’t find a practitioner who will accept it.
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Iconix Brand Group Moves Up In Market Cap Rank, Passing DeVRY In the latest look at stocks ordered by largest market capitalization, Russell 3000 component Iconix Brand Group Inc (NASD: ICON) was identified as having a larger market cap than the smaller end of the S&P 500, for exam...
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Mario Monti resigns as prime minister of Italy

The Guardian - 22 Dec 2012 01:34
Mario Monti resigns as prime minister of Italy Uncertainty over former European commissioner's plans for elections, which are expected in February The Italian prime minister, Mario Monti, tendered his resignation to the president on Friday after 13 months in office, ...
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WPO Crosses Below Key Price/Book Valuation Level In trading on Friday, shares of Washington Post Co. (NYSE: WPO) crossed below their last reported book value — defined as common shareholder equity per share — of $359.69, changing hands as low as $357.55 p...
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