Word: stockely
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...America a foothold in the northeast market. A series of other purchases - Chicago's LaSalle Bank, Charles Schwab's private banking program - earned him a reputation as a man with a penchant for savvy multi-billion dollar deals. This January, he bought Countrywide Financial Corp. for $4 billion in stock, adding "largest mortgage provider" to Bank of America's list of bragging rights and saving Countrywide from possible bankruptcy. With that purchase, Lewis became a kind of quasi-savior on Wall Street - the man who helped you stand when you could no longer do it on your own. If everything...
...staffers took stock of their losses, a cottage industry sprouted around them. Geoffrey Raymond, a painter who creates portraits of Wall Street titans - former New York Stock Exchange chairman Dick Grasso, former New York Governor Eliot Spitzer, ex-Bear Stearns CEO James Cayne - unveiled The Annotated Fuld, a large canvas of the embattled Lehman Bros. leader. Raymond rendered Richard Fuld with yellow brushstrokes, his eyes sunken and gazing into the distance, and invited passers-by to adorn the portrait with personal messages. Lehman employees were offered green markers; non-affiliated onlookers got black ones. Some scrawled angry missives: "The banks...
However, uncertainty may not be increased if a no-comment policy is put into place prior to the rumor, is strictly followed, and is set forth as the reason for not commenting. Companies that are the frequent target of stock rumors sometimes point to their no-comment policy and are thus able to successfully avoid imparting information that would affect their stock price; by not commenting on anything, they reduce the uncertainty that would arise if they failed to comment on any one particular rumor...
Shares of Conseco, an Indiana-based finance and insurance company, once traded as high as $58, but they were worth less than $1 when the conglomerate declared bankruptcy. The company had racked up massive debt from multiple acquisitions and loans to officers to buy company stock. Conseco emerged from bankruptcy...
California's largest publicly owned utility filed for bankruptcy after deregulation led the company to incur billions of dollars in debt from the rising cost of wholesale energy. Wholesale prices eventually dropped, and the day the company emerged from bankruptcy in 2004, its stock was worth three times as much as when it filed for protection...