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BUSINESS
February 15, 2012 | By Joe Bel Bruno
Wall Street wrapped up its worst day of the year, with the Dow Jones industrial average posting its largest one-day point and percentage drop since Dec. 28. Here's how America's most-watched index is faring: The index fell 97.33 points, or 0.76%, to 12780.95 - its first drop in three trading days. Five of the Dow's 30 components finished higher. The index is down 9.77% from its record close of 14164.53 reached on Oct. 9, 2007; but it is up 95.22% from its 12-year closing low of 6547.
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BUSINESS
December 10, 1997 | (Reuters)
Internet start-up Elemental Software Inc. has raised $8 million from a group of investors, including Microsoft Corp., which took a "significant" but undisclosed stake in the Carlsbad-based company. Elemental's flagship Drumbeat software allows business professionals to create sophisticated Internet Web pages without programming knowledge, President Peter Hirshberg said. Other investors included Japan's CSK Corp.
BUSINESS
March 12, 2008 | From the Associated Press
Charter Communications Inc. announced Tuesday, just as the firm's chief financial officer announced his resignation, that outside parties have asked about investing in the company. Potential investors approached controlling shareholder Paul Allen, the cable and telephone service provider said in a U.S. Securities and Exchange Commission filing. Allen, who co-founded Microsoft Corp., gave the investors information about Charter that has not been publicly released, according to the filing, which didn't indicate how much the parties might invest.
BUSINESS
December 9, 2001
"Club Sticks Together Through Thick, Thin" [Money Make-Over, Nov. 27] is a perfect example of what happened to many novice investors over the last couple of years. Seduced by the record-breaking bull market and insufficient knowledge of the true risks, individuals participated like never before in history, only to now be confronted with what may be a once-in-a-generation bear. Having taught a series of investment classes for the Monrovia Adult School for a few years now, I have come to the conclusion that the vast majority of individual investors are ill prepared for the complexities of investing.
BUSINESS
May 13, 1992 | From Reuters
While arbitration of customer complaints against Wall Street firms has surged, the system lacks the controls needed to ensure that investors get a fair shake, a congressional study released Tuesday said. The General Accounting Office, an investigative arm of Congress, also found a tendency among securities arbitrators to "split the baby" and award only a portion of the damages claimed by investors.
BUSINESS
September 28, 2009 | Associated Press
Investors are just not sure where the economy is headed, so the stock market may be in limbo for a while. After stocks stumbled last week on disappointing reports on housing and manufacturing, investors are concerned that the economy's rebound will be slower than originally thought. They may cool their buying and even resort to more selling until they are more certain that the strength of the recovery warrants extending the nearly seven-month-long advance in stocks. "The significant advance that the market has had . . . has left some people with an itchy trigger finger," said Jim McDonald, chief investment strategist at Northern Trust Corp.
BUSINESS
November 20, 2006 | From the Associated Press
Though investors' thoughts might drift to turkey and football in the coming week, such diversions are unlikely to crowd out questions about the sustainability of the recent run-up in stocks -- and whether Wall Street is likely to enjoy its usual year-end rally. Not surprisingly, the week is expected to be light on economic and earnings data. However, some investors will be looking for signs of how well consumer spending might hold up as the holiday season has its official start.
BUSINESS
January 15, 2008 | From Bloomberg News and Times Staff
Fidelity Investments said Monday that it reopened its Magellan fund to new investors for the first time in more than a decade as the Boston-based mutual fund company seeks to capitalize on a turnaround by manager Harry Lange. Magellan beat 82% of rival funds last year with the $45-billion portfolio posting its highest return in 14 years. Lange, 55, who replaced Robert Stansky as Magellan's manager in October 2005, steered a significant chunk of money overseas and into technology stocks in 2007.
BUSINESS
February 25, 2003 | From a Times Staff Writer
A monthly survey of individual investors by brokerage UBS and the Gallup Organization finds them more pessimistic than at any time since the survey began in 1996. Highlights from the latest survey, which questioned 1,000 investors selected randomly nationwide from Feb. 1 to Feb.
BUSINESS
March 15, 1997 | From Associated Press
Warren Buffett, a legendary investor and one of the world's richest men, is advising caution to those tempted by the stock market's stampede higher. He described the market as overheated in his annual letter to shareholders of his Berkshire Hathaway Inc. investment company, according to a report by Dow Jones News Service. "You can, of course, pay too much for even the best of businesses," Buffett wrote in his annual report.
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