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BUSINESS
September 15, 2008 | Martin Zimmerman, Times Staff Writer
With financial markets around the globe facing one of their most tumultuous weeks in recent memory, investors can be forgiven if they're reaching for the rip cord right about now. The news over the weekend was truly trauma-inducing. Lehman Bros. Holdings Inc., one of Wall Street's best-known investment banks, was teetering on the brink of bankruptcy. Merrill Lynch & Co., another faltering blue-chip name, was seeking salvation through a shotgun marriage to Bank of America Corp. Insurer American International Group Inc. was looking to sell assets and borrow from the Federal Reserve to raise cash.
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BUSINESS
April 5, 2014 | Liz Weston, Money Talk
Dear Liz: I am in a new relationship with a great woman. I've talked a little bit about money and retirement with her (she's 30). I am trying to let her know that it would be wise to contribute at least enough to her company's retirement program to get the full match. What are some books or articles that would show her the importance of saving for retirement? I like her, but this can be a deal breaker for me. What is the best way to introduce her to personal finances without scaring her?
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BUSINESS
June 21, 2013 | Alana Semuels and Andrew Tangel
This year's dizzying stock market rally was halted with the biggest one-day plunge of the year. The Dow Jones industrial average slumped almost 354 points Thursday amid fears that the economy will slow now that the Federal Reserve has signaled it will end its aggressive economic stimulus programs. Investors yanked $500 billion from the stock market during the brutal trading session, wiping out two months' worth of market gains. Though the blue-chip index is still up 15% from a year earlier, analysts have begun to question whether this week's sell-off could portend a deeper problem for investors.
BUSINESS
April 2, 2014 | By Walter Hamilton
At a time when public trust in Wall Street already is at a low, new allegations about high-speed stock trading threaten to further erode confidence in the financial markets. The furor centers on accusations that professional traders armed with ultra-fast computers have rigged the stock market. High-speed firms engage in what critics say amounts to insider trading, using super-charged systems to decipher trading patterns. Criticism of high-frequency trading has long swirled in financial circles, and multiple regulators are conducting investigations.
BUSINESS
November 16, 2009 | Associated Press
There's a tug of war in the financial markets between investors who believe the economy is on its way to a strong recovery and those who believe a rebound will be slow and bumpy. The result: a spate of volatility in stock trading that will probably continue this week. "That wide divergence in opinion can lead to wide swings in market prices," said Greg Walker, an investment strategist in JPMorgan Chase & Co.'s private banking division. For several weeks, upbeat investors have dominated the market, helping stocks move higher.
BUSINESS
April 30, 1989 | JESUS SANCHEZ, Times Staff Writer
You don't necesarily have to be high tech to be a hot stock. The high flyers on Wall Street included a wide range of California companies, among them the state's largest bank, a maker of swimming pools and fishing tackle, and an exotic lingerie maker. To be sure, the shares of California high-technology firms were among the fastest rising. Cadence Design Systems, a computer software company, saw its stock soar 119% for the year ended April 3. But Cadence was the only high-tech firm among the top 10 stocks on the "Charging Ahead" list that posted the greatest increases in value.
BUSINESS
March 13, 2014 | By Walter Hamilton
There are more millionaires in the United States than ever before. The number of households with net worth of $1 million or more, excluding their homes, is at a record 9.63 million, according to a new report. That eclipses the old mark of 9.2 million in 2007 before the global financial crisis, according to the Spectrem Group research firm. The tally of millionaires slipped to 6.7 million in 2008 as the financial crisis struck. The study reinforces other data showing that the wealthy are doing well compared to many other segments of society.
BUSINESS
February 3, 2014 | By Andrew Tangel
NEW YORK - The nation's top securities regulator halted the buying and selling of 255 stocks in what the agency called a "massive trading suspension" to curtail a persistent investor fraud. The U.S. Securities and Exchange Commission said Monday the suspensions - part of its "Operation Shell-Expel" - affects stocks of dormant companies based in 26 states and two foreign countries. The action is part of a broader crackdown on fraud involving shares of small, or "micro-cap," companies.
BUSINESS
September 28, 2010 | Reuters
U.S. stocks rose Tuesday as latecomers jumped onto the September bandwagon, buying up sectors that have outperformed during the month. The S&P 500 has risen 9.4 percent so far in September, historically the worst month for stocks. "When a month takes you by surprise like this, you tend to be underexposed to stocks and overexposed in cash and bonds. And as the quarter comes to an end, people are rushing to at least have ownership of the stocks that have performed well and have a good outlook.
BUSINESS
March 13, 2012 | By Walter Hamilton
It looks like actively managed stock funds can't beat the market -- even when the market itself is struggling. More than four out of five actively managed U.S. stock funds trailed their underlying indexes in 2011, even though the stock market plodded through an uninspiring year, according to new research . An analysis by Standard & Poor's Corp. found that 84% of funds underperformed last year. That's even worse than their dismal showings in the recent past. Over the last three years, 57% of funds trailed their indexes.
BUSINESS
March 14, 2014 | By Walter Hamilton
The stock market closed out its worst week since January, weighed down early by doubts about China's economic growth, uninspiring economic data in the U.S. and finally geopolitical tension in Russia. The Dow Jones industrial average slid 2.4% for the week, saddling it with a 3.1% loss so far this year. The index was off 43.22 points Friday, at 16,065.67, after skidding 231.19 points Thursday. The Standard & Poor's 500 index fell 2% for the week, leaving it down 0.4% for the year.
BUSINESS
March 13, 2014 | By Walter Hamilton
There are more millionaires in the United States than ever before. The number of households with net worth of $1 million or more, excluding their homes, is at a record 9.63 million, according to a new report. That eclipses the old mark of 9.2 million in 2007 before the global financial crisis, according to the Spectrem Group research firm. The tally of millionaires slipped to 6.7 million in 2008 as the financial crisis struck. The study reinforces other data showing that the wealthy are doing well compared to many other segments of society.
BUSINESS
March 4, 2014 | By Walter Hamilton
Moelis & Co., a boutique Los Angeles investment bank, filed for an initial public offering, seeking to capitalize on the soaring stock market and a recent pickup in corporate mergers. The firm was founded in 2007 by Ken Moelis, a longtime Southern California investment banker. The Century City-based firm would trade on the New York Stock Exchange under the ticker symbol MC. The firm has advised on a host of prominent deals in recent years, including representing the Dodgers and former owner Frank McCourt in the team's sale to Guggenheim Partners.
BUSINESS
February 19, 2014 | By Stuart Pfeifer
Hedge-fund manager David Einhorn is sounding a cautious tone about stocks. In a conference call with analysts, Einhorn said last year's massive run for stocks was fueled in part by misleading earnings reports. "In 2013 the market rewarded many companies beating earnings after they had lowered guidance," Einhorn said while discussing the performance of reinsurer Greenlight Capital Re, of which he is chairman. "This trend is not likely to continue indefinitely. " Photos: Top 10 Southern California companies Einhorn is one of the most respected and successful investors on Wall Street and the founder and president of the hedge-fund firm Greenlight Capital Inc. He said Greenlight Re benefited from holdings in Apple Inc. and Micron Technology Inc., but was hurt by short positions on Chipotle Mexican Grill Inc. and U.S. Steel Corp.
BUSINESS
February 3, 2014 | By Andrew Tangel and Walter Hamilton
NEW YORK - A stream of negative economic reports has revived fear about the health of the U.S. economy, causing stocks to suffer their worst day in seven months and adding to a 7% decline since mid-January. Stocks were pounded by discouraging data released Monday on manufacturing, auto sales and construction spending. The disappointing U.S. reports rattled investors already uneasy over political and financial turmoil in emerging-market countries such as Turkey, India and South Africa.
BUSINESS
February 3, 2014 | By Andrew Tangel
NEW YORK -- First it was worries over China and other developing countries. Now investors have another reason to question the U.S. economy's growth.  The Dow Jones industrial average was down 224.64 points, or 1.4%, to 15,474.21 in mid-day trading in New York. The fall in stocks came after a report showed a slowdown in the U.S. manufacturing sector. The broader Standard & Poor's 500 index fell 29.78 points, or 1.7%, to 1,752.81. The technology-focused Nasdaq composite index lost 89.63 points, or 2.2%, to 4,014.25.
BUSINESS
March 8, 2012 | By Walter Hamilton
The rising stock market is making Americans richer. A powerful surge in stock prices that began in early October helped boost Americans' net worth 2.1% in the fourth quarter, according to data released Thursday by the Federal Reserve. Investor stock portfolios jumped nearly 10% in the final three months of the year, as the Standard & Poor's 500 index rose 11%. Overall net worth rose to $58.5 trillion, up nearly 20% from the early-2009 low that followed the global financial crisis.
BUSINESS
May 7, 2013 | By Walter Hamilton
The Dow Jones industrial average is on a tear with the rest of the stock market, but valuations on stock prices are still reasonable. In a new report, research firm S&P Capital IQ argues that stocks are still fairly valued even though share prices lately have surged far faster than underlying corporate earnings. “Market valuations are appealing but not compelling,” Sam Stovall, the firm's chief equity strategist, concludes in the report. That's welcome news Tuesday, as the Dow Jones industrial average has jumped past 15,000 in early trading, part of a powerful rally that has sent stocks nearly straight up over most of the last six months.
BUSINESS
February 3, 2014 | By Andrew Tangel
NEW YORK -- Fresh doubts over the U.S. economic recovery pushed the stock market closer to a long-awaited correction as investors worried about global growth. The Dow Jones industrial average plummeted 326 points on Monday as the index of blue-chip stocks continued the steep sell-off from January. The Dow fell 326.05, or 2.1%, to 15,372.80 on Monday, its worst day this year. The Dow has shed more than 1,200 points so far this year. The broader Standard & Poor's 500 index fell even harder, losing 40.70 points, or 2.3%, to 1,741.89.
BUSINESS
February 3, 2014 | By Andrew Tangel
NEW YORK - The nation's top securities regulator halted the buying and selling of 255 stocks in what the agency called a "massive trading suspension" to curtail a persistent investor fraud. The U.S. Securities and Exchange Commission said Monday the suspensions - part of its "Operation Shell-Expel" - affects stocks of dormant companies based in 26 states and two foreign countries. The action is part of a broader crackdown on fraud involving shares of small, or "micro-cap," companies.
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