Word: nasdaq
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...really makes more money? NASDAQ-listed Wynn Resorts lost $20 million in the quarter that ended in June on sales of $310 million, while Adelson's N.Y.S.E.-listed Las Vegas Sands Corp. posted a $109 million net profit on sales of $541 million. Over the past 12 months Wynn Resorts total return to shareholders was more than 60% vs. Sands Corp.'s 120%. So on that count Adelson wins...
...Glauber ’61 will step down as head of the country’s largest private financial regulatory firm to take a post as a visiting professor at Harvard Law School (HLS). Glauber has been chairman and CEO of NASD, the former administrative body of the NASDAQ stock market, since 2000. Glauber, who has served on the NASD Board of Governors since 1996, announced that he would move up his retirement date from the end of the calendar year at a NASD board meeting on July 20. “Leaving now will allow me to join...
...past year. The company's sales grew a lackluster (for Dell) 14%, to $56 billion, in fiscal year 2006. Last Friday, Dell stunned Wall Street by warning that its second quarter would be a dog, sending the stock down 10% that day, to $19.91, and taking the NASDAQ with it. A resurgent Hewlett-Packard, meanwhile, has outpaced the industry; it announced in May that profits had grown 51% over the prior year...
Which was more interesting: walking the red carpet at the Oscars or ringing the opening bell at NASDAQ? Walking the carpet. But don't get me wrong--I think I made history being the first rapper to ring the bell. I don't think I understood the importance of it until after I did it, so it didn't seem as exciting as everyone made...
...tempting to throw in the towel. After a rash of earnings disappointments last week, the Dow and Nasdaq tumbled to new year lows. Tensions over Iran's nuclear ambitions and rising oil prices are compounding fears that the stock market is on shaky footing. Yet there is much to suggest that the market, which was mixed but stable on Monday, will float higher in coming weeks and months. So hang in there...