Facebook IPO: If You Bought 10 Shares of …
By ZUNAIRA ZAKI and LAUREN PEARLE In the coulda/woulda/shoulda category with Facebook’s upcoming IPO, here is how you might have fared with some other IPO stocks: Johnson & Johnson for $375 at its IPO price in 1944, your investment would be worth about $10 million … Read More »
EmailFacebook IPO For Your College Fund?
The drum beating over Facebook’s upcoming IPO has created a supercharged atmosphere where investors are clamoring for a piece of the action. Take Jim Supple. He’s already tried to buy the stock in advance of the IPO, so far without success. Supple has a job in finance… Read More »
Facebook Feeding Frenzy Boosts IPO Range
Morning Business Memo: A feeding frenzy for Facebook stock is pushing the price higher for the year’s hottest initial public offering. The social networking site that was started in Mark Zuckerberg’s Harvard dorm room eight years ago is set to raise the price range for… Read More »
Nation’s ’1 Percent’ Turn to Pawn Shops for Quick Cash
A pawn shop next to the likes of Hermes, Tiffany’s and Chanel on Rodeo Drive would have, just a few years ago, been an unheard of sight. But the classic pawn shop, where you sell or get a loan for your jewelry to pay back… Read More »
Shakeup at JPMorgan, Oil Headed Down
Morning Business Memo Until late last week JP Morgan Chase CEO Jamie Dimon was Wall Street’s golden boy: the man who led the banking industry’s resistance to stricter government oversight. Today Dimon is facing pressure from Congress and shareholders after the firm’s shocking $2 billion… Read More »
JC Penney Features Same-Sex Couple in May Catalogue
Fifteen years ago, when advertisers got wind that Ellen DeGeneres was going to “come out” on her popular sitcom show “Ellen,” some advertisers fled. One of them was JC Penney. Flash forward to one of their newest clothing ads in the May catalog. It features… Read More »
US Consumer Financial Protection Bureau to Propose New Rules on Mortgages
Even the most sophisticated home buyer can find mortgages daunting. And that’s precisely why the U.S. Consumer Financial Protection Bureau is planning to propose new rules that will simplify things like mortgage points and fees, and bring greater transparency to the mortgage origination loan market,… Read More »
Only Half of Recent College Grads Employed Full Time
The great recession has taken a heavy toll on college grads, with only half of those who graduated between 2006 and 2011 reporting they have full-time jobs, according to a new study. The survey by Rutgers University’s John J. Heldrich Center for Workforce Development was based… Read More »
JPMorgan Bank Announces Massive Surprise Loss
JPMorgan, in an unexpected announcement, said it saw $2 billion in trading losses in the last six weeks, and may yet see more. “We have egg on our face,” Jamie Dimon, the massive bank’s CEO, told a conference call. “We deserve any criticism we get.”… Read More »
Texas, Idaho Friendliest Places to Launch Businesses
What are the friendliest places to launch a small business? According to 6,022 small entrepreneurs and job creators, Idaho and Texas will roll out the welcome wagon. But if you happen to call California, Vermont or Rhode Island home, you might want to think… Read More »
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