Posts Tagged Corporate stock

Buybacks are a big factor behind stock market boom

NEW YORK (AP) — It’s the narcissist rally.

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GM stock rises above $33 for first time in 2 years

In this Jan. 12, 2009 file photo, the General Motors logo is seen on display at the North American International Auto Show in Detroit. Shares of General Motors reached an important milestone on Friday, May 17, 2013, topping their initial public offering price of $33 for the first time in more than two years. (AP Photo/Paul Sancya, File)

DETROIT (AP) — Shares of General Motors reached an important milestone on Friday, closing above their initial public offering price of $33 for the first time in more than two years.

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A year after IPO, Facebook aims to be ad colossus

In this May 18, 2012, file photo, provided by Facebook, Facebook founder, Chairman and CEO Mark Zuckerberg, center, rings the opening bell of the Nasdaq stock market, from Facebook headquarters in Menlo Park, Calif. Amid the hype and excitement surrounding Facebook's initial public offering, there were looming doubts. Potential investors wondered whether the social network could continue growing its advertising revenue without alienating users. One year later, much has changed at Facebook in a year, including the addition of mobile advertisements, the launch of a search feature and the unveiling of a branded smartphone. (AP Photo/Nasdaq via Facebook, Zef Nikolla, File)

NEW YORK (AP) — It was supposed to be our IPO, the people’s public offering.

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Markets climb, led by small-company stocks

In this Friday, April 12, 2013. photo, specialist Allison Gamba works at her post on the floor of the New York Stock Exchange. Financial markets remained subdued Tuesday May 14, 2013 as investors assessed whether the recent optimism that has seen many stock indexes hit historic highs will last.(AP Photo/Richard Drew)

NEW YORK (AP) — The stock market marched back into record territory Tuesday as investors seized on the latest encouraging news about the economy. This time, it was a report on the health of small businesses.

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Hedge fund boss Loeb lobbies for breakup of Sony

In this Thursday, Feb. 7, 2013 photo, Sony signs hang from a store in Tokyo. A U.S. hedge fund has proposed that Sony Corp. selling up to 20 percent of its entertainment business to use that money to strengthen its ailing electronics unit. In a May 14 letter to Sony President Kazuo Hirai, first published in The New York Times, Daniel Loeb, chief executive of hedge fund Third Point, suggested Sony take 15 percent to 20 percent of the entertainment unit public.  (AP Photo/Junji Kurokawa, File)

TOKYO (AP) — The U.S. hedge fund manager renowned for shaking up Yahoo Inc. has set his sights on Sony Corp., proposing that the Japanese electronics giant spin off up to 20 percent of its movie, TV and music division and use the money to strengthen its ailing device manufacturing unit. Sony rejected the plan, but analysts latched onto the idea as a way for Sony to unlock hidden value.

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