stock exchange

MGM Mirage Profit Falls as Vegas Gamblers Spend Less

-MGM Mirage, the world's second- largest casino company, said second-quarter profit fell 69 percent as cash-strapped U.S. gamblers spent less at its Las Vegas casinos. Net income dropped to $113.1 million, or 40 cents a share, from $360.2 million, or $1.22, a year earlier, the Las Vegas- based company said today in a statement. Net revenue slid 2.1 percent to $1.9 billion from $1.94 billion. MGM Mirage owns 10 casinos on the Las Vegas Strip, where casino revenue slumped 16 percent in May, the f...

Capital Gold Group Report: Have Markets Hit Rock Bottom Yet? -- WSJ

Markets Still Helter Skelter, Seek Bottom July 30, 2008 Was that the capitulation? Many analysts believe the stock market won't shed its bear costume until it has one big cathartic selloff during which despair is at its fullest. Such moments have flagged bottoms in the past and set the stage for new bull markets. Monday's stock selloff, followed by Merrill Lynch's Band-Aid-ripping CDO fire sale and Tuesday's rally, had that aroma. Then again, so did the Société Générale capitulation in Janua...

Steve Jobs and Giorgio Napolitano

Clicca l'immagine At his last public appearance, 53-year old Steve Jobs looked really thin and pale. Steve Jobs has been battling pancreatic cancer for some time, although he appeared to have beaten it. Steve Jobs is the man behind Apple. Many believe that he is the true innovator, the only real genius behind the Information Technology revolution, and not Bill Gates. Steve Jobs is Apple. His health is not simply a private matter, but also an economic matter of worldwide significance. Apple does ...

A policeman inspects a bicycle outside the Bombay Stock Exchange building after it was sealed off following a high secur...

AP - A policeman inspects a bicycle outside the Bombay Stock Exchange building after it was sealed off following a high security alert in Mumbai, India, Monday, July 28, 2008.

Traders work on the floor of the New York Stock Exchange in New York, Thursday, July 24, 2008. Wall Street abruptly ende...

AP - Traders work on the floor of the New York Stock Exchange in New York, Thursday, July 24, 2008.

Trading Stocks is Fun, Until Someone Loses an Eye

Pakistan is busily putting down riots at its stock exchange. After leading the world over the past decade, soaring by almost a factor of 10, it has dropped 35% since April, and traded down 15 of the last 18 days. As usual, people got a sense that markets would always go up, and when they found out otherwise they reacted like kids who had their Wall-E toy taken away. They smashed stuff, shouted, and generally demanded the government do something about it. Aiding and abetting things, of course, ha...

Yahoo Settles With Carl Icahn; Icahn To Control 3 Of 11 Seats; Jonathan Miller Likely On

So much for an exciting battle… Yahoo (NSDQ: YHOO) has announced a settlement with Carl Icahn that will see Icahn himself elected to the company's board at the upcoming meeting. Following the August 1 shareholder meeting, the board will then be expanded to 11, with the extra two board members appointed by the board from a list recommended by Icahn. That list includes the eight remaining members of the previous Icahn slate, which includes Mark Cuban, plus Jonathan Miller of Velocity Interactive...

Pakistani Investors Stone Stock Exchange

"There has been some level of mismanagement by the authorities,'' said Habib-ur-Rehman, who manages the equivalent of 6.5 billion rupees in Pakistani stocks and bonds at Atlas Asset Management Ltd. in Karachi. "This may be due to their misperception that they can prevent the market from falling. Investors have to learn to bear losses as they do gains.'' (emphasis added) > This looks like an Onion parody -- but its not! > Surprisingly, no one in Karachi blamed short sellers or rumors . . . Pakist...

Stocks trade higher on upbeat earnings results

Wall Street extended its rally into a second session Thursday after stronger-than-expected quarterly reports from JPMorgan Chase & Co. and United Technologies Corp. gave investors some reassurance about the health of the economy. Traders work on the floor of the New York Stock Exchange, Tuesday, July 15, 2008. Stocks recouped some steep early losses Tuesday as oil dropped by more than $8 a barrel, but fears of escalating instability in the financial sector kept the Dow Jones industrial average d...

Stocks end lower amid worries on Fannie, Freddie

Wall Street's angst over the ongoing fallout from the credit crisis made for a turbulent end to a volatile week Friday - stocks tumbled, soared and then turned south again as investors tried to assess the dangers faced by the country's biggest mortgage financiers, Fannie Mae and Freddie Mac. A sign above a San Francisco sidewalk shows the Dow Jones industrial average Friday, July 11, 2008. Wall Street's angst over the ongoing fallout from the credit crisis made for a turbulent end to a volatile ...