June 19, 1988 |
After Irvine-based ABI American Businessphones announced plans in December to be acquired by another company, Wall Street stopped paying attention. Although ABI shares were among the top 10 price gainers on the American Stock Exchange last year, the acquisition agreement effectively fixed the price of the stock and eliminated any incentive for analysts to predict the firm's profits or future potential.
February 11, 2005 |
A stock analyst admitted in federal court in St. Louis on Thursday that he threatened to damage the reputation and stock of CKE Restaurants Inc. if the Carpinteria, Calif., company didn't hire him as a consultant for $300,000. C. Clive Munro, 54, pleaded guilty to committing interstate threats. As part of a plea deal, prosecutors agreed to drop felony charges of extortion, wire fraud and securities fraud. Munro, arrested in October at his Cheyenne, Wyo.
August 16, 2002 |
Jack Grubman, once the most powerful telecommunications analyst on Wall Street, resigned from Salomon Smith Barney late Thursday amid a litany of government probes into whether financial conflicts tainted his stock recommendations. In what the brokerage called a "mutual agreement," Grubman resigned after accepting a severance package totaling $13.2 mil- lion.
March 5, 2006 |
Is that a cup and handle? Do I see a "W" pattern on the chart in front of me? I am sitting in my den in Venice, staring at a computer screen, trying to discern these things. The charts I am scrutinizing are of stock prices, and I am trying to find the right one, the one that's behaving like a stock whose price is about to soar. Finally, I think I've found it, a ladle-looking image that marks the rise, fall and rise again of a company's worth in the market. This particular company, EZCorp Inc.
September 9, 1993 |
A newspaper gave five stock analysts and a chimpanzee the equivalent of $1,250 each to make as much money as they could on the stock market. The chimp won. After one month, the chimpanzee, Ola, saw the value of his stocks rise $190, the newspaper Expressen reported this week. Runner-up was Mats Jonnerhag, publisher of the newsletter Bourse Insight. His stocks rose $130 from Aug. 3 to Sept. 3.
June 25, 2003 |
NEW YORK -- West Virginia has sued 10 investment banks over alleged conflicts of interest among stock analysts, saying a proposed settlement between the firms and state and federal securities regulators doesn't go far enough to punish wrongdoing on Wall Street. The lawsuit, filed Monday in West Virginia state court, could seek as much as $1.9 billion from 10 major firms, said Fran Hughes, the state's chief deputy attorney general.