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December 8, 2013
11:48 // 7 months ago
September 10, 2013

Major changes coming to the Dow Jones Industrial Average before the end of September

  • In Goldman Sachs, Visa and Nike have been added to the Dow Jones industrial average, replacing several poorly performing companies from the exclusive group of 30 publicly-owned corporations. The new Dow Jones additions are also expected to diversify one of the most-commonly used gauges of the U.S. stock market.
  • Out To make room for the new arrivals, Alcoa, Hewlett-Packard and Bank of America have been removed from the Dow, following consistently slumping stock performances from each. The changes are set to take effect on September 23, and represent the largest alteration of the Dow Jones line-up in roughly a decade. source
14:12 // 10 months ago
May 7, 2013

Dow Jones sets new record high

  • 15k+closing mark for the Dow Jones today, setting a new record. The markets have been surging of late, with the Dow up nearly 2,000 points in 2013 — that’s the fastest start to a year since the tech-bubble boom times of 1999. source
19:20 // 1 year ago
May 10, 2012
11:05 // 2 years ago
April 17, 2012

Citigroup shareholders seem to have had enough

  • $15 million bonus for bank exec rejected by shareholders source

» Citigroup CEO Vikram S. Pandit’s upcoming compensation package, along with the compensation packages of other executives, was voted down by a majority of shareholders during an investors meeting in Dallas. While the vote was nonbinding, meaning the bank doesn’t actually have to act according to the shareholders’ wishes, the bank says it will not ignore its investors. “Citi’s board of directors takes the shareholder vote seriously,” said spokesman Jon Diat, adding, ” [We’ll] consult with representative shareholders to understand their concerns.”

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17:01 // 2 years ago
April 5, 2012
Photo of the day: Wall Street celebrates Easter, too. With bunny ears. (ht to my co-worker Sara; photo by Seth Wenig/AP)

Photo of the day: Wall Street celebrates Easter, too. With bunny ears. (ht to my co-worker Sara; photo by Seth Wenig/AP)

14:11 // 2 years ago
March 14, 2012
inothernews:

It should be noted that the Times decided to illustrate Greg Smith’s Goldman Sachs resignation op-ed with this, reminding us all that he’s still a buzzard, feeding on carcasses — and now he’s just going to go feed off another.
(Illustration: Victor Kerlow / NY Times)

Story of the morning. Perhaps the most iconic open letter since Steve Jobs’ “Thoughts on Flash” from two years ago. Also worth a read when you’re done. (ht @AntDeRosa on that front)

inothernews:

It should be noted that the Times decided to illustrate Greg Smith’s Goldman Sachs resignation op-ed with this, reminding us all that he’s still a buzzard, feeding on carcasses — and now he’s just going to go feed off another.

(Illustration: Victor Kerlow / NY Times)

Story of the morning. Perhaps the most iconic open letter since Steve Jobs’ “Thoughts on Flash” from two years ago. Also worth a read when you’re done. (ht @AntDeRosa on that front)

8:25 // 2 years ago
November 17, 2011
think-progress:

Two Wall Streeters apparently forgot their jobs were saved by taxpayers, like many of these protesters.
H/T Justin Elliot

You’d think they would have money for better signs. These guys can afford buying the expensive stuff from Kinko’s, or whatever FedEx calls that place these days.

think-progress:

Two Wall Streeters apparently forgot their jobs were saved by taxpayers, like many of these protesters.

H/T Justin Elliot

You’d think they would have money for better signs. These guys can afford buying the expensive stuff from Kinko’s, or whatever FedEx calls that place these days.

(via think4yourself)

11:14 // 2 years ago
November 14, 2011

soupsoup:

Members of Congress can legally trade stock based on non-public information from Capitol Hill.

As Lizzie O’Leary points out, much of this report owes its information from the work done by Brody Mullins at the Wall Street Journal:

Friends, read up on this story this morning. This is important. This is a major loophole in the law that proves most of the arguments we might have about the financial system. And thanks to “60 Minutes” doing such a thorough report on it, it’s now something that the public will now be able to act upon. Many people are named in the report, including John Boehner and Spencer Bachus.

10:15 // 2 years ago
October 25, 2011
20:51 // 2 years ago