August 30, 1989 |
"One sure thing is uncertainty." --Headline on a Dan Dorfman column, Dec. 30, 1988. Financial journalist Dan Dorfman has a bit of advice about the advice offered by investment experts in his USA Today columns: "No one should buy stocks because of these people. You'd be out of your mind if you did." It's a worthwhile caveat to keep in mind next time you read what the "pros" quoted in Dorfman's column have to say.
August 30, 1989 |
Stock market investors who picked up a copy of USA Today on June 6 had a nice, fat tip waiting for them. Paramount Communications, reported the newspaper's financial columnist, Dan Dorfman, was "seriously weighing" a $175-a-share bid for Time Inc. Dorfman had the story down cold. Later that day Paramount announced a hostile offer for Time, at precisely $175 a share.
August 30, 1996 |
CNBC said Thursday that a network-sponsored review of commentator Dan Dorfman--launched amid allegations that he was under federal investigation regarding his market-moving reports--found no evidence that he broke any laws. Dorfman, published reports had said, was the target of a federal investigation into his relationship with a stock promoter and into whether he profited from his commentaries by either trading on them or tipping others in exchange for favors.
CALIFORNIA | LOCAL
June 19, 2012 |
Dan Dorfman, an influential print and television financial journalist whose daily stock market reports — a mix of market news, rumors and tips — on CNBC in the 1990s often immediately boosted or lowered the price of a stock, has died. He was 80. Dorfman died Saturday in New York of cardiogenic shock, a heart condition, according to his family. Once dubbed the "nation's most prominent stock market tipster," Dorfman was hired by CNBC in 1990 after more than two decades of writing financial columns for the Wall Street Journal, USA Today and other publications.
November 29, 1994
Shares of Wet Seal Inc. rose nearly 14% Monday after the chain of young women's fashion stores received a vote of approval last week from a stock analyst. Monday's gain followed a 20% rise Friday after financial commentator Dan Dorfman reported that money manager Chuck Royce believes Wet Seal will post annual earnings of as much as 30 cents a share for fiscal 1995. Wet Seal, based in Irvine, closed Monday at $5.13 cents a share in Nasdaq trading, up 62 cents.
July 7, 1989 |
UAL Corp. shares soared today on growing speculation that the company, parent of United Airlines, may be an acquisition target. UAL, up $35 in the past three weeks, rose another $13 to $165.50 and was the second-most heavily traded issue on the New York Stock Exchange. Some traders cited televised comments by financial reporter Dan Dorfman on Thursday that he believes UAL will be taken over or restructured.
October 11, 1990 |
Financial reporter Dan Dorfman is leaving CNN to join CNBC, and Fortune magazine editor Marshall Loeb will join Financial News Network as a commentator, the two cable networks said this week. Both will start their new jobs on Monday. Dorfman, who will continue a twice-weekly financial column for the newspaper USA Today, signed a multiyear contract to report for CNBC, a 24-hour consumer and business news cable service co-owned by NBC.
March 18, 1994 |
CNBC Reports Cap Cities May Soon Buy King World: Commentator Dan Dorfman said in his daily CNBC report that an analyst told him there is a "high probability" that King World Productions Inc. will be acquired by Capital Cities/ABC Inc. King World distributes syndicated television programs, including "Jeopardy!" "Wheel of Fortune" and "The Oprah Winfrey Show." Dorfman said Oppenheimer & Co.
September 15, 1986
Holiday said the adoption of the anti-takeover provision had nothing to do with a stock purchase by New York developer Donald Trump. "The effect is to dilute the stock unless the stockholders are offered a fair price," said John Onoda of the company's public relations office. Dan Dorfman, a nationally syndicated columnist, reported last week that Trump was planning a takeover attempt. Trump and Holiday were partners until last year in an Atlantic City, N.J., casino hotel.