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Posts Tagged ‘Gets’

How does the value of a stock gets drive down?

This is probably a stupid question, but I got stuck when I was reading up on how the stock market works. I read that when a business goes bad, investors start selling their stock, which drives the price of the stock down. Don’t you have to sell your stock to some other person in order to get it out of your hands? And who would buy the stock when its value is plummeting?


Family Dollar Gets Buyout Offer From Peltz of $55-$60 a Share

Family Dollar Gets Buyout Offer From Peltz of $55-$60 a Share
Billionaire investor Nelson Peltz’s Trian Capital offered to take Family Dollar private for between $55 and $60 in cash, valuing the discount retailer at as much as $7.6 billion, according to a regulatory filing.

Via:Read more on CNBC


The Economy- It’s Going To Get Worse, Before It Gets Better!


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Goldman Sach’s CEO gets $13.2 million

The financial crisis might still not be over for most American but it is definitely over for executives such as chief executive of Goldman Sachs, Lloyd C. Bankfein, who recently received whopping $13.2 million for the year 2010.

Goldman Sach’s board of directors found it appropriate to give Bankfein and several other executives stocks worth $12.6 million. Furthermore, Bankfein’s base salary hiked from $600,000 to $2 million! Other employees had their salary elevated to $1.85 million. Managing directors also saw a hike in their salaries as they rose from $300,000 to $500,000.

Bankfein is not the only executive who is getting a raise and Goldman Sach is not the only firm who is giving raises. Several financial firms are trying to reduce risk taking (that got us into the crisis in the first place) by increasing base salaries. This means that millions of dollars are being paid to these executives to prevent them from taking risks!

I think I plaud CitiBank’s CEO Vikram Pandit for only taking home $1 as his salary in 2009. Though, his salary has soared to $2 million now!


Stock Market Game gets under way

Stock Market Game gets under way
The annual stock-picking contest is back for its 24th year and contestants can turn fictitious investing into actual prize money.

Read more on The News-Press


How would this partnership business work in terms of who gets the profits?

Let’s say two people start a t-shirt business… one of the people doing the business is an artist who does the designs for the company, such as designs for the shirts. When these shirts get sold ($40 for a shirt for example), and the t-shirt is paid for, how is the money split among the two who is running the business?


Lucy Gets Trapped


Lucy Gets Trapped


Report: Verizon Gets the iPhone

Ask, and ye shall receive. At least that appears to be the case.

Verizon Wireless is set to announce that it will begin to offer service on Apple’s iPhone to its customers later this month, according to a report in The Wall Street Journal. An unnamed source told the paper the carrier plans to make the official announcement at an event at Lincoln Center in New York City on Tuesday, January 11.

Assuming the report is true, the deal comes after months, if not years, of speculation that the smartphone will fall into the hands of Verizon, the country’s largest wireless company. The rumor mill has heated up over the past few days, when it was reported that Apple had asked employees not to take vacation time during a week-long stretch later this month.

The deal also signals a clear shift in Verizon’s strategy. Up to this point, the carrier has bet on the popular Android platform to cement its position in the booming smartphone market. Rival carrier AT&T announced on Wednesday that it would cut the price of its iPhone 3G down to $49, perhaps in an effort to get any last-minute sign-ups into its service.

Tuesday’s event is said to be headlined by Lowell McAdam, president and chief operating officer of Verizon Wireless. More to come then.


Madoff investor gets new shot at ex’s cash

Madoff investor gets new shot at ex’s cash
A multi-millionaire millionaire lawyer is getting a chance to make his ex-wife taste his Bernie Madoff pain. In a 3-2 decision, a state appeals court today reinstated attorney Steven Simkin’s lawsuit against Laura Blank, which seeks to recoup some of the $2.7 million in Madoff money he paid…

Read more on New York Post


A Creative Promotion Gets Hairy

Each day, Inc.’s reporters scour the Web for the most important and interesting news to entrepreneurs. Here’s what we found today:

A puppy promotion fail. People love promotions. They also love puppies. But when Carlos Slim’s Mexican-based company, América Móvil SAB tried to raffle off 200 pugs, beagles, and boxers to its Columbian-based customers as part of a national cell-phone marketing campaign, the company drew sharp criticism from PETA, and perhaps a bit more negative press than it imagined. “Unless families who win these puppies spent months and months deliberating as to whether or not they could make good homes for these animals, they have no business having them,” a PETA representative told Bloomberg, which first reported the news. The moral of the story, if there is one, seems to be this: Consult with a lawyer before launching your next “creative promotion.”

“Huffing and Puffing.” If Arianna Huffington’s success can be said to parallel that of Mark Zuckerberg, it’s that she, too, is being sued by a duo claiming to have been part of her site’s brain team. Vanity Fair has the story of Democratic operatives Peter Dauo and James Boyce, who say they tried to collaborate with Huffington in 2004 to create a “liberal Drudge,” but she ripped off their idea instead. Huffington denies the charges, and many of her fellow power-bloggers rushed to her defense. “Everyone in the start-up community had better hope the plaintiffs in this case walk away with nothing—ZERO—or this after-the-fact I-want-a-piece-of-your-success legal blackmail is going to become a trend,” writes Henry Blodget in Business Insider.

Why Facebook really won’t go public anytime soon. There is much debate at the moment over whether Facebook is already a public company and, if not, whether the SEC might force it to become one. Felix Salmon over at Reuters reminds us (via Steven Davidoff) that Google faced the same conundrum several years ago. But while Google chose to go public under such pressure, you shouldn’t expect the same from Mark Zuckerberg & Co., says Salmon. He lays out several reasons, but here’s the most provocative one: “Zuckerberg is the CEO, he’s always wanted to be the CEO, and he has zero intention of relinquishing that job. He’s not like Larry Page and Sergei Brin, who are happy being founders and letting Eric Schmidt do the less pleasant things associated with being CEO: this is Zuckerberg’s company, and he’s going to run it.” If truly public, that might become a lot more difficult.

Who’s banking on College Bowls? It’s not just the sponsors, Fortune reports. Under Armour’s brand is growing quickly, projected merchandising sales are set at $48 million for Oregon apparel, and $35 million for Auburn apparel, and ESPN’s contract for the big championship game is $60 million, as valued by Fortune. The little deals add up, too: A ticket to the game is $345 face value, and the winning coach takes home an estimated $500,000 (and a $25,000 Waterford Crystal trophy!).

What to do with to-do’s? That’s the question Mike Michalowicz tackles in a Wall Street Journal guest column on running a business. First, he breaks tasks down into two categories: “whatever makes money in the near future” and “whatever will make customers happy.” Everything you tick off your list should relate back to these ideas, he says. Then he shares five basics: maintain a paper list instead of digital; create a “type” column and a “task” column; put dollar signs in the “type” column for money-making tasks and smiley faces in the “type” column for tasks that make customers happy; finally, write down each new item as soon as it pops into your head. “If cash is flowing and the customers are happy,” Michalowicz says, “who cares if I never get around to the other tasks?”

CES: media extravaganza? Well, it doesn’t officially start until Thursday, but already the tech media machine is enunciating the significance of the Las Vegas show. Brian Stelter writes in the New York Times: “Nowhere is there a better display of the symbiotic relationship between entertainment and electronics.” It it just that our latest tech is media-savvy or is media really driving new technology showcased at CES? “The show’s status as a media summit meeting has risen in the last few years, as has the realization that device makers can help their products stand out by cutting deals with content makers,” Stelter continues. That means devices relying on content—sports, news, and lots and lots of Hollywood films and shows.

What a sound idea! OK, now this is just plain neat. CNN Money has invented The Dow Piano, an application that transforms the peaks and valleys of the Dow Industrial Average into a five-note scale with a three-octave range. Heavy trading volume leads to literal high (loud) volume. So, if that’s a blaring dirge you seem to be hearing in your headphones, you may want to transfer your funds, stat.

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