Sprint Corp NYSE: S to cut up to $2.5 billion in costs, layoff workers in next six months

October 2, 2015 8:10 PM1 comment
Sprint Corp NYSE: S to cut up to $2.5 billion in costs, layoff workers in next six months

NEW YORK Sprint Corp NYSE: S recently tumbled behind T-Mobile NYSE: TMUS into fourth place among U.S. wireless carriers. And now Sprint CEO Marcelo Claure has the company on the verge of drastic cost cuts. Sprint told USA TODAY that it plans to significantly reduce spending, but it didn’t specify […]

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Investors Flock to Safe-Haven Bonds in Market Selloff

September 22, 2015 10:04 PM2 comments
Investors Flock to Safe-Haven Bonds in Market Selloff

New York NY – U.S. equity markets pared a steep selloff on Tuesday after investors fled the equity market and sought safety in government bonds. The Dow Jones Industrial Average declined 179 points, or 1.09% to 16330. The S&P 500 sagged 24 points, or 1.23% to 1942, while the Nasdaq […]

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The Fed Just Brought Us Closer to a True Market Crash

11:39 AM0 comments
The Fed Just Brought Us Closer to a True Market Crash

Do not underestimate the cowardice or incompetence of the U.S. Federal Reserve. Last Thursday, after running out of domestic reasons to avoid raising interest rates by a paltry 25 basis points for the first time in nine years, the Fed decided to blame China for its policy paralysis. By doing […]

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Lehman Day: Making Fun of the Second Great Depression Crowd

September 15, 2015 12:25 PM1 comment
Lehman Day: Making Fun of the Second Great Depression Crowd

This week marks the 7th anniversary of the collapse of Lehman Brothers, the huge investment bank. This collapse set off the worldwide financial panic that brought Wall Street to its knees. The anniversary of this collapse, September 15th, is the day set aside to ridicule the people who warned of […]

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Wall Street Rallies on the Back of Mixed Global Trade Data

September 8, 2015 4:52 PM0 comments
Wall Street Rallies on the Back of Mixed Global Trade Data

Major averages surged more than 2% on Tuesday as traders in America returned from a long Labor Day weekend to mixed trade data from China and Germany. The Dow Jones Industrial Average was 388 points higher, or 2.42% to 16491. The S&P 500 gained 48 points, or 2.50% to 1969, […]

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PIMCO – PTTRX Bleeding Without Bill Gross, Layoffs Loom

4:24 PM0 comments
PIMCO – PTTRX Bleeding Without Bill Gross, Layoffs Loom

Officials at mutual fund giant Pacific Investment Management Co., are discussing layoffs amid a sharp decline in assets over the past year that followed the ouster of co-founder Bill Gross. Pimco, based in Newport Beach CA., has lost nearly 25% of its total assets since March of 2014, and investor […]

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eMediaWorld.com Reports FOMC Aeropostale (NYSE:ARO) Outerwall (NASDAQ:OUTR) Repros Therapeutics (NASDAQ:RPRX) Coty (NYSE:COTY) Kythera Biopharmaceuticals (NASDAQ:KYTH)

September 18, 2013 9:52 AM0 comments
eMediaWorld.com Reports FOMC Aeropostale (NYSE:ARO) Outerwall (NASDAQ:OUTR) Repros Therapeutics (NASDAQ:RPRX) Coty (NYSE:COTY) Kythera Biopharmaceuticals (NASDAQ:KYTH)

Stocks rose today as the two-day FOMC meeting got underway. A taper in the Fed’s asset purchase program seems inevitable, but the size of the reduction remains in question. The most likely scenario is for the bank to scale back its bond-buying by $10 billion per month bringing it down […]

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eMediaWorld.com Reports Javier Martin-Artajo, Ex-JPMorgan Trader, Arrested In Connection To ‘London Whale’ Scandal

August 27, 2013 6:27 AM0 comments
eMediaWorld.com Reports Javier Martin-Artajo, Ex-JPMorgan Trader, Arrested In Connection To ‘London Whale’ Scandal

MADRID — A former JPMorgan Chase & Co. trader wanted by the United States for allegedly falsifying bank records to cover up $6 billion in trading losses was arrested in Madrid Tuesday, Spanish police said. A statement said Spaniard Javier Martin-Artajo, 49, was arrested after he presented himself to police […]

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eMediaWorld.com Reports Muriel Siebert, first woman to buy seat on NYSE, dies at 80

August 26, 2013 8:36 AM0 comments
eMediaWorld.com Reports Muriel Siebert, first woman to buy seat on NYSE, dies at 80

WASHINGTON – Muriel Siebert, the first woman to own a seat on the New York Stock Exchange, has died of complications from cancer, Leonard Leiman, a director at her firm Siebert Financial Corp., said on Sunday. She was 80. The founder and president of Muriel Siebert & Co. Inc, Siebert […]

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eMediaWorld.com Reports Home Depot NYSE HD: Still the Most Important Stock

August 20, 2013 9:58 AM1 comment
eMediaWorld.com Reports Home Depot NYSE HD: Still the Most Important Stock

  The stories of U.S. economic prospects, consumer conditions and stock-market outlook continue to be told most forthrightly by folks wearing orange aprons. Home Depot Inc. (HD) was anointed here several months ago as perhaps the most important stock in the world for the way its profit revival, financial management, highly geared […]

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