ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
This morning, Research In Motion (RIMM) announced that it completed its repurchase program through a third-party transaction (emphasis mine): “Research In Motion Limited…announced today that it has agreed to purchase for cancellation 2.0 million of its outstanding common shares, representing approximately 0.36% of its common shares outstanding at April 5, 2010, pursuant to private agreements … Read more
The Future of American Jobs – Robert Reich …even if we enjoy a vigorous recovery that produces, say, 300,000 net new jobs a month, we could be looking at five to eight years before catching up to where we were before the recession began. (tags: unemployment economy recession)
I had forgotten all about bond insurer Ambac Financial Group (ABK) – one of the many hobbled poster children of the recent financial panic. I sure did not realize the company is still limping along and even trading on the NYSE. So, imagine my surprise when I learned that ABK doubled on Monday to add … Read more
MasterCard Set to Open An Online Shopping Mall – NYTimes.com Through a new partnership with an Internet company that specializes in personalized shopping, MasterCard is set to introduce a Web shopping mall on Monday that it says can pinpoint with considerable accuracy what its cardholders are likely to purchase. The site, called MasterCard Marketplace, relies … Read more
Greece Wins EU45 Billion Aid Pledge to Blunt Crisis (Update3) – Bloomberg.com European governments offered debt- burdened Greece a rescue package worth as much as 45 billion euros ($61 billion) at below-market interest rates as they try to end its fiscal crisis and restore confidence in the euro. (tags: Greece debt euro IMF)