World Acceptance, a controversial lending company that has long been a short target of hedge funds, was forced to disclose an investigation by the Consumer Protection Bureau and a separate investigation of securities fraud, causing the stock to tank.
Eminence Capital, one of the loudest voices in the battle to merge Men’s Wearhouse and Jos. A. Bank, stands to make millions on the deal.
The Velveeta cheese wells have run dry, largely due to a surge in demand from celebrations surrounding the New Year and post-season football.
Despite posting solid third quarter results — including a narrower loss, the sale of 5,500 cars, and an eightfold increase in revenue — investors sent shares of Elon Musk’s Tesla Motors down almost 15% Wednesday on weak guidance for next quarter.
This is what we imagine is going through the media mogul’s mind in the photos on his Tumblr page.
Netflix, led by CEO Reed Hastings, now has more U.S. subscribers than HBO and ranks as the most-watched cable network by certain metrics. Small wonder its stock is up about 300% this year and is one of the best performing stocks in the S&P 500.
Analyst downgrades of Fortune 100 companies nearly doubled the number of upgrades last quarter. Why were market watchers so pessimistic?
When PSY released his dance-pop hit, it practically destroyed the internet. It also sent shares of D I Corp, a company that makes testing equipment for semiconductors, up 800%.
Makes sense since high school and Wall Street are pretty much the same.
BuzzFeed has obtained the “Golden Pitchbook” used by top brokers at John Thomas Financial. In its pages: How cold-calling brokers pressure prospects to buy stocks from the troubled firm.
Apple without a new product is like the Stones without a tour, reliant on an aging back catalog of old hits. But maybe CEO Tim Cook has a few of Mick Jagger’s moves up his sleeve.
Chris Cox in particular needs to chill.
On the day of Facebook’s IPO, I thought it would be nice to take a step back and take a look at the CEO since he started Facebook in 2004. UPDATED.
See? Mitt Romney is already stimulating the economy. Shares for toymaker Ohio Art Company triple in price overnight.
Apple’s stock did a beautiful swan dive this morning after a CNN iReport incorrectly claimed that Steve Jobs had a major heart attack. Of course, this wasn’t true, and Apple swiftly moved to debunk the rumors. Mark this one down as citizen journalism’s first major flubbub.
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