Category: Markets

XOM Crosses Below Key Moving Average Level

XOM Crosses Below Key Moving Average Level

In trading on Wednesday, shares of Exxon Mobil Corp. (NYSE: XOM) crossed below their 200 day moving average of $86.37, changing hands as low as $86.16 per share. Exxon Mobil Corp. shares are currently...

The World’s Hottest Hedge Fund Manager Has Been Buying Facebook

The World’s Hottest Hedge Fund Manager Has Been Buying Facebook

The hottest hedge fund manager in America, who has traded Facebook better than anybody, was a big buyer of Facebook stock during the summer. Charles “Chase” Coleman’s $6 billion Tiger Global hedge fund held 11.7 million...

Will Obama Make Wall Street Pay for its Support of Romney?

Will Obama Make Wall Street Pay for its Support of Romney?

In 2008, Wall Streeters invested millions in Barack Obama’s campaign. Many of these big donors were thus a little miffed when Obama, as President, derided Wall Streeters as “fat cats” and, to add injury...

If you want a big, new market try reaching U.S. Hispanics (Fortune, 1988)

If you want a big, new market try reaching U.S. Hispanics (Fortune, 1988)

Editor’s note: Every week, Fortune.com publishes a story from our magazine archives. This week, we turn to a 1988 feature about  the rise of Hispanic consumers and corporate America’s efforts to market to this increasingly important...

An Easy ETF Of Superstorm Sandy Stocks

An Easy ETF Of Superstorm Sandy Stocks

Does every home need a  generator? Please don’t take this post as callous and insensitive. My family has suffered through Hurricane Sandy, but I was thinking that it might actually be prudent, from a...

China’s Enrons

China’s Enrons

China’s Big Four banks have reported better-than-expected results for the third quarter.  Bank of China led the way, posting a 16.6% increase in net profits over the same quarter last year.  China Construction Bank was the group’s laggard,...

Donating Star Wars Billions Will Make George Lucas One Of The Biggest Givers Ever

Donating Star Wars Billions Will Make George Lucas One Of The Biggest Givers Ever

George Lucas introduced the world to Star Wars back in 1977, and he profited handsomely from it. Now, after selling the mega-franchise to Disney for $4.05 billion, Lucas is preparing to give back in a big way....

Exxon’s Declining Output A Sign Of The Times

Exxon’s Declining Output A Sign Of The Times

Tillerson and Putin at a signing ceremony in June. (Image credit: AFP/Getty Images via @daylife) In a sign of challenges ahead for the world’s biggest oil companies, ExxonMobil today announced a 7.5% decline in...

After A Decade of Debacles, Auto Parts Supplier Dana Is Back In Gear

After A Decade of Debacles, Auto Parts Supplier Dana Is Back In Gear

Dana Holding CEO Roger Wood Roger Wood looked at Dana Holding and saw possibilities. In the past decade the storied Maumee, Ohio auto parts maker had survived a misguided acquisition binge, a hostile takeover...

Google unveils new Nexus tablets and phone

Google unveils new Nexus tablets and phone

It’s gadget season, and Google wants in on all the fun that Microsoft and Apple have been having. Google (GOOG, Fortune 500) unveiled a new “Nexus” phone, tablet and Android operating system on Monday. Its goal is...