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Henry Blodget

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BUSINESS
April 5, 2013 | By E. Scott Reckard
The Securities and Exchange Commission may have booted Henry Blodget off Wall Street, but the former Merrill Lynch & Co. Internet analyst has attracted some big fans for Business Insider Inc., which he co-founded in 2007.  A major endorsement for the online news site landed this week in the form of $5 million -- venture capital rounded up by Amazon.com Inc. Chief Executive Officer Jeff Bezos.  “Jeff's leadership, vision and philosophy at...
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BUSINESS
April 5, 2013 | By E. Scott Reckard
The Securities and Exchange Commission may have booted Henry Blodget off Wall Street, but the former Merrill Lynch & Co. Internet analyst has attracted some big fans for Business Insider Inc., which he co-founded in 2007.  A major endorsement for the online news site landed this week in the form of $5 million -- venture capital rounded up by Amazon.com Inc. Chief Executive Officer Jeff Bezos.  “Jeff's leadership, vision and philosophy at...
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BUSINESS
February 4, 2000 | Times Staff, Bloomberg News
Internet stock analyst Henry Blodget, known for his bold--and correct--price target on Amazon.com Inc. (AMZN) in late 1998 of $400 (before two subsequent splits), upgraded the shares again Thursday. But this time around he set his price target at--yawn--$100. The stock jumped $14.75, or 21%, to $84.
BUSINESS
February 18, 2006 | Walter Hamilton, Times Staff Writer
Merrill Lynch & Co. said Friday that it would pay $164 million to settle 23 class-action lawsuits alleging that investors suffered massive losses by following its dishonest stock recommendations, including those from its former star technology analyst, Henry Blodget. The settlement represents a fraction of the money investors lost when the Internet bubble burst in 2000 and the stocks collapsed, and it will barely dent Merrill's bottom line. The Wall Street powerhouse reported $5.
BUSINESS
November 15, 2001 | Associated Press
Henry Blodget, a stock analyst who rode to fame on the Internet boom, has decided to take a buyout offer from his employer, Merrill Lynch & Co. In a story posted on its Web site Wednesday night, the New York Times reported that Blodget said he opted to leave Merrill under a companywide buyout offer because it "just seemed like a good time to pursue the next thing." The Times said Blodget's buyout package is worth nearly $2 million, but Merrill would not confirm that.
BUSINESS
August 8, 2000 | Bloomberg News; Times Staff
Merrill Lynch & Co. analyst Henry Blodget, one of the early bulls on Internet stocks and long a powerful voice in the sector, said Monday he cut his ratings on EBay Inc. and 10 other online companies because growth in the industry is slowing and competition is picking up. But whether many investors in the stocks are paying attention to Blodget is debatable: Several of the stocks he downgraded rose anyway Monday.
BUSINESS
February 24, 2000 | Bloomberg News
Shares of America Online Inc. (AOL), which has a deal to buy Time Warner Inc. (TWX), rallied 18% on Wednesday after Merrill Lynch & Co.'s high-profile Internet analyst Henry Blodget said the stock is undervalued. America Online's foundering shares rose $8.69 to close at $58.31 in New York Stock Exchange trading. Through Tuesday, they had sunk about a third since the purchase agreement was announced Jan.
BUSINESS
December 11, 2001 | From Associated Press
Internet analyst Henry Blodget is reportedly among a number of analysts being investigated by the New York state attorney general's office over conflicts of interest they may have had while making stock recommendations. Scott Brown, a spokesman for state Atty. Gen. Eliot Spitzer, confirmed Monday that an investigation is underway, but would not be specific about who was under investigation.
BUSINESS
February 18, 2006 | Walter Hamilton, Times Staff Writer
Merrill Lynch & Co. said Friday that it would pay $164 million to settle 23 class-action lawsuits alleging that investors suffered massive losses by following its dishonest stock recommendations, including those from its former star technology analyst, Henry Blodget. The settlement represents a fraction of the money investors lost when the Internet bubble burst in 2000 and the stocks collapsed, and it will barely dent Merrill's bottom line. The Wall Street powerhouse reported $5.
BUSINESS
January 4, 2003 | From Associated Press
Regulators are preparing to take action against former Merrill Lynch star analyst Henry Blodget, a source familiar with the plans said. The NASD, formerly known as the National Assn. of Securities Dealers, along with other regulators, has been investigating Blodget and other analysts accused of misleading investors by touting stocks they privately derided, in order to help their firms win investment banking business.
BUSINESS
December 11, 2001 | From Associated Press
Internet analyst Henry Blodget is reportedly among a number of analysts being investigated by the New York state attorney general's office over conflicts of interest they may have had while making stock recommendations. Scott Brown, a spokesman for state Atty. Gen. Eliot Spitzer, confirmed Monday that an investigation is underway, but would not be specific about who was under investigation.
BUSINESS
November 15, 2001 | Associated Press
Henry Blodget, a stock analyst who rode to fame on the Internet boom, has decided to take a buyout offer from his employer, Merrill Lynch & Co. In a story posted on its Web site Wednesday night, the New York Times reported that Blodget said he opted to leave Merrill under a companywide buyout offer because it "just seemed like a good time to pursue the next thing." The Times said Blodget's buyout package is worth nearly $2 million, but Merrill would not confirm that.
BUSINESS
August 8, 2000 | Bloomberg News; Times Staff
Merrill Lynch & Co. analyst Henry Blodget, one of the early bulls on Internet stocks and long a powerful voice in the sector, said Monday he cut his ratings on EBay Inc. and 10 other online companies because growth in the industry is slowing and competition is picking up. But whether many investors in the stocks are paying attention to Blodget is debatable: Several of the stocks he downgraded rose anyway Monday.
BUSINESS
February 24, 2000 | Bloomberg News
Shares of America Online Inc. (AOL), which has a deal to buy Time Warner Inc. (TWX), rallied 18% on Wednesday after Merrill Lynch & Co.'s high-profile Internet analyst Henry Blodget said the stock is undervalued. America Online's foundering shares rose $8.69 to close at $58.31 in New York Stock Exchange trading. Through Tuesday, they had sunk about a third since the purchase agreement was announced Jan.
BUSINESS
February 4, 2000 | Times Staff, Bloomberg News
Internet stock analyst Henry Blodget, known for his bold--and correct--price target on Amazon.com Inc. (AMZN) in late 1998 of $400 (before two subsequent splits), upgraded the shares again Thursday. But this time around he set his price target at--yawn--$100. The stock jumped $14.75, or 21%, to $84.
BUSINESS
January 23, 2001 | Edmund Sanders
On the heels of its giant merger, AOL Time Warner is considering hiking its flat subscription rate to America Online by $2 a month to $23.95, analysts said. Officials at AOL, which serves about 27 million Internet users in the U.S., declined to comment. "I think it's disturbing that they may be considering a rate hike so soon after the close of the merger," said Jeff Chester, executive director at the Center for Media Education, a consumer group that opposed the merger.
BUSINESS
August 18, 2001 | Bloomberg News
At Home Corp. (ATHM), the biggest provider of Internet service over cable television lines, is at risk of having its stock delisted from Nasdaq and its cash wiped out, Merrill Lynch & Co. analyst Henry Blodget wrote in a report. At Home's shares, which fell10 cents to close at 87 cents on Friday, are below requirements for Nasdaq-listed companies, At Home said this week in a Securities and Exchange Commission filing.
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