Category: Markets

Why the New York Stock Exchange Sold Out to a Upstart You’ve Never Heard Of

Why the New York Stock Exchange Sold Out to a Upstart You’ve Never Heard Of

The recent history of the New York Stock Exchange (NYSE) is interesting in part because it’s an illustration of how disruptive new technology can be. Twenty years ago the NYSE and it’s relatively young...

Merck Niacin Drug Failure Could Have Broad Repercussions

Merck Niacin Drug Failure Could Have Broad Repercussions

    Merck’s niacin-containing  cholesterol drug, sold under the brand name Tredaptive in Europe but still considered experimental here in the U.S., failed to prevent heart attacks, strokes, and heart procedures in a large...

Billionaire Leon Black’s Big 2012 Private Equity Stock Comeback

Billionaire Leon Black’s Big 2012 Private Equity Stock Comeback

    In March 2009, Leon Black’s Apollo Global Management conducted its long-awaited initial public offering. The IPO priced at $19 a share, raising $565 million, and the stock promptly sunk. It dropped on...

IntercontinentalExchange Finally Wins NYSE Euronext For $8.2 Billion

IntercontinentalExchange Finally Wins NYSE Euronext For $8.2 Billion

      IntercontinentalExchange, a collection of over-the-counter and options markets, will buy NYSE Euronext for $8.2 billion in a cash-and-stock deal. ICE will pay $33.12 a share, a 37% premium over yesterday’s closing...

Meet The Madoff Victims That Profited From Their Investment

Meet The Madoff Victims That Profited From Their Investment

  It could be likened to the legal version of winning the lottery – a group of investors in Bernard Madoff’s $65 billion Ponzi scheme, once on the brink of having their $141 million...

General Motors to Buy Back 200 Million Government Shares

General Motors to Buy Back 200 Million Government Shares

General Motors, trying to clear the stigma of being partly owned by the U.S. government, will spend $5.5 billion to buy back 200 million shares of its stock from the treasury. The government, in...

For Press-Shy Cerberus, Gun Industry Investment Brings Unwanted Attention

For Press-Shy Cerberus, Gun Industry Investment Brings Unwanted Attention

  Stephen Feinberg, co-founder of $20 billion private equity firm Cerberus Capital Management, likes to be invisible and hide religiously. “If anyone at Cerberus has his picture in the paper and a picture of...

Thanks to Facebook, U.S. Paces Softer Global IPO Market

Thanks to Facebook, U.S. Paces Softer Global IPO Market

  It was a down year for initial public offerings in 2012, with global IPO issuance down 29.7% to $97 billion, but a social network’s May debut put the U.S. market on top of...

Are Twinkies a Good Investment? Scouring the eBay Track Record

Are Twinkies a Good Investment? Scouring the eBay Track Record

When the Hostess shutdown was announced and stores quickly ran out of supplies as overweight Americans hoarded processed foods like Glenn Beck listeners hoard precious metals, Twinkies quickly started popping up on eBay–at huge...

What Common Dream Jobs Actually Pay

What Common Dream Jobs Actually Pay

Last month my colleague Meghan Casserly laid out the most common career aspirations of U.S. professionals as children. She got the data from a LinkedIn survey, which asked 8,000 people what they wanted to be when they grew up....