Word: nasdaq
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Dates: during 2000-2009
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...Madoff became known as "the Jewish T-bill," as in risk-free. Of course, there was no investing. For more than two decades, he used an ever larger stream of money from new investors to pay off earlier ones. His résumé supplied a perfect cover: former head of Nasdaq, a tech wizard who brought computerization to Wall Street...
...Since its start in 1999, the company has sent more than 2 billion discs to its 10.6 million subscribers, who return them in the familiar red envelopes for more titles. (Think of Amazon.com but as a DVD-lending library instead of a bookstore.) Wall Street generally likes Netflix, whose Nasdaq stock price has more than doubled since last fall, and so does the public; the company has the No. 1 customer-satisfaction rating among online retailers. (Richard Corliss on how to improve the DVD giant: Five Ways to Fix Netflix...
...billion in the first quarter of 2009, a decline of almost 13% compared with the same period a year earlier; the number of visitors to the city dropped by nearly 10% in the first quarter. The declines are hitting hoteliers and casinos hard. Melco Crown Entertainment, a Nasdaq-listed joint venture between Laurence Ho (Pansy Ho's brother) and Australian billionaire James Packer, recently reported it lost $35.3 million in the first quarter, compared with a $43.2 million profit in the same period in 2008. It was the fourth straight quarterly loss for the company, which operates Macau's Altira...
Apple netted over $1.2 billion on revenue of almost $8.2 billion last quarter. Investors must have sensed that good things were coming. The firm's stock is up 42% this year which is unfair to people who have invested in almost any other company. The NASDAQ has only inched higher by 3% during the same period...
That sort of context might prove useful for thinking about the day's broader market moves. To be sure, it was a happy one on Wall Street. The Dow Jones industrial average was up 5.8%. The broader S&P 500 index rose 6.4%. The tech-heavy Nasdaq composite gained 7.1%. For investors used to seeing negative signs in front of figures like those, there was cause for celebration indeed. (See the best business deals...