shares

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Apple Awards New CEO Tim Cook With $383 Million in Shares
Apple Thanks New CEO With 1M Shares
Aug 27, 2011 4:50 PM CDT

Apple Thanks New CEO With 1M Shares

Tim Cook will reap $383M value by staying on until 2021

(Newser) - "Thanks for taking over as Apple's CEO, Tim. And by the way, here's $383 million." That's not an exact quote, but yes, Apple is awarding Tim Cook with one million shares currently valued at $383 million for taking the helm until 2021. MacRumors reports the...

BofA Raises $13.5B With Share Sale
BofA Raises $13.5B
With Share Sale
May 20, 2009 4:55 AM CDT

BofA Raises $13.5B With Share Sale

Bank takes big stride towards meeting 'stress test' condition

(Newser) - Bank of America has sold shares to fill $13.5 billion of the $34 billion capital hole the Fed's "stress test" uncovered in the bank's balance sheet, Marketwatch reports. The bank—taking advantage of a 40% jump in its share price over the last month—issued 1.25 billion...

Firms Reprice Employees' Worthless Stock Options

Repricing plans toss lifeline to 'underwater' stock option holders

(Newser) - Major firms are trying to boost morale by giving workers another chance to profit on stock options made worthless by the stock market dive, the Washington Post reports. Many employees—especially execs—are currently stuck with "underwater" options with a strike price above the trading price. Close to...

Got a Buck? Buy a Share of Citi

(Newser) - A sign of the times: Citibank shares are now eligible for your local dollar store. The bank’s shares fell below $1 for the first time ever today in trading, MarketWatch reports. They reached 97¢ at midday, about 2 years after trading at an all-time high of $57. Investors apparently...

Taxpayers May Get 40% Stake in New Citi Deal

Bank proposes converting public bucks into common stock

(Newser) - Fearing further losses, Citigroup is negotiating with the government to convert part of the public's $45 billion investment in Citi from preferred to common stock, which could give the US up to 40% of the bank at no additional cost. Such a move would boost the bank's capital portfolio while...

Slim Loans NYT Co. $250M
Slim Loans NYT Co. $250M
Jan 20, 2009 6:47 AM CST

Slim Loans NYT Co. $250M

Mexican billionaire will own 17% of company, but gets no special voting shares

(Newser) - The New York Times Company announced last night that it had cut a deal with Mexico's Carlos Slim, the world's second-richest man, for a $250 million loan. Slim will receive common shares over six years, at the end of which he will own 17% of the corporation. But he will...

NYT Ready to Sell BoSox Stake
 NYT Ready to Sell BoSox Stake 
Dec 24, 2008 5:25 PM CST

NYT Ready to Sell BoSox Stake

As newspapers tank, company offloads non-core assets

(Newser) - With revenues plummeting and advertisers and readers fleeing, the cash-starved New York Times Co is looking to offload a once-sacrosanct asset—its 17.5% stake in the Boston Red Sox and Fenway Park, the Wall Street Journal reports. Revenues at the Times Co arm that includes the Grey Lady and...

Coffee Nations Eye Shares in Starbucks

Colombia may buy stock, at bargain prices, in first quarter of 2009

(Newser) - The world’s coffee growing nations may swoop in to grab cheap Starbucks shares as the ailing company shutters stores and battles declining demand for premium beverages, Reuters reports. Colombia—the third-largest producer—could buy more control over the supply chain by nabbing “an important share” of the Seattle...

British Rocker Has Fans Fund New Album

For a $15 investment, you'll own a piece of Patrick Wolf's music

(Newser) - The British indie musician Patrick Wolf thinks fan involvement is the future of the music industry, and he's willing to put their money where his mouth is, NME reports. Fans who sign up through the website Bandstocks.com will be able to help fund Wolf's album—and earn perks like...

On Sports Exchange, 'Trade' Takes on New Meaning

Create a 'Sportfolio' and buy and sell shares in your favorite athletes

(Newser) - Trading baseball cards with your friends is so 20th century. A new website allows sports fans to trade shares in athletes and even teams, effectively wagering real money on the performance of pro and college athletes, reports Reuters. "I see the marketplace being enormous," says an early investor...

Insider Sales Put Facebook's Value at Fraction of $15B

Even CEO Zuckerberg reportedly selling still-private options at bargain prices

(Newser) - Though the stake bought by Microsoft last fall pegged Facebook’s value at $15 billion, a rush of stock sales by insiders at the still-private company shows they think it’s worth much less, BusinessWeek reports. Even Mark Zuckerberg, founder and CEO of the social-networking giant, reportedly has sold some...

Freddie Eyes Selling $10B in Shares to Stave Off Bailout

Measure might prevent need for bailout - for now

(Newser) - Freddie Mac is considering issuing $10 billion worth of new common and preferred shares, the Wall Street Journal reports, a move that might stave off a full-blown government rescue—and the increased scrutiny that would come with it. Freddie has been emboldened by two days of big gains, with shares...

Microsoft Retracts Yahoo Offer
 Microsoft Retracts Yahoo Offer 
May 3, 2008 7:42 PM CDT

Microsoft Retracts Yahoo Offer

CEO Steven Ballmer refuses to pay $37 per share

(Newser) - Microsoft withdrew its latest offer to buy Yahoo today after the companies' chief execs haggled over price at a Seattle meeting, the New York Times reports. Microsoft CEO Steven Ballmer offered $33 per share, but Yahoo's Jerry Yang wanted $4 per share more in the blockbuster deal.

Bear Stearns Jumps on Hope for Higher JPMorgan Bid

Likely stockholder holdout drives spike

(Newser) - Bear Stearns shares jumped 23% today on hopes that stockholders will reject JPMorgan's bailout offer in favor of a higher offer, Bloomberg reports. The surge moved the price to nearly three times the current value of the fire-sale bid, which one major stockholder termed "derisory." "There's every...

Visa Plans $17B IPO in Risky Market
Visa Plans
$17B IPO in Risky Market
Feb 25, 2008 8:55 AM CST

Visa Plans $17B IPO in Risky Market

Public offering would be the biggest in Wall Street history

(Newser) - Visa is hoping to surpass rival MasterCard’s 2006 stock market debut with a $17 billion IPO that would be the largest in Wall Street history. The company today said it hopes to sell some 406 million shares for $37 to $42 each, reports the Wall Street Journal. The biggest...

Microsoft&rsquo;s Yahoo Bid 'Ridiculous'
Microsoft’s Yahoo Bid 'Ridiculous'
OPINION
Feb 18, 2008 2:40 PM CST

Microsoft’s Yahoo Bid 'Ridiculous'

Investment manager dismisses deal, doubts Ballmer's acumen

(Newser) - Investment manager Joe Rosenberg takes a swipe at Microsoft's bid for Yahoo in this week's Barron's, disparaging both the deal and CEO Steve Ballmer's financial acumen, Reuters reports. "It's a bad reflection on Ballmer that he's willing to pay a ridiculous price for Yahoo,” says Rosenberg. “Microsoft...

UBS Posts Record $11.2B Quarterly Loss

Swiss bank also posts its first annual loss on $13.7B subprime writedowns

(Newser) - Swiss banking giant UBS today reported an $11.23-billion fourth-quarter loss—the largest ever by a bank—and its first full-year loss ever, after taking $13.7 billion more in subprime mortgage writedowns, reports the Telegraph. UBS, which still has a $27.59-billion exposure to subprime securities, is likely to...

Visa Heads for Biggest IPO in US in Years

Offering expected early next year could surpass $10B

(Newser) - Visa is moving ahead on a massive initial public stock offering expected early next year. Papers filed yesterday show that shares could be valued at $10 billion, which would make it the second-largest public offering in US history, the Wall Street Journal reports. The biggest is the $10.62 billion...

Google Stock Passes $600 in Monthlong Surge

Shares reach new high ahead of third-quarter report

(Newser) - Google's stocks have shot past $600 for the first time, kindling investor hopes as the cyber giant eyes a possible buy of ad distributor DoubleClick. CNN Money reports that stocks peaked at $610.26 in New York today and closed at $609.92, a 2.6% gain. The rise extended...

Market Opens Sharply Down
Market Opens Sharply Down
Aug 16, 2007 10:18 AM CDT

Market Opens Sharply Down

(Newser) - US stocks dipped this morning, following steep declines in Europe and Asia as distress over the expanding credit crisis heightened. The Dow Jones sank over 100 points this morning, and the S&P was off nearly 0.8% after erasing its entire year's gains yesterday. "Everyone is waiting for...

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