NYSE Market News

Best Buy Q1 Earnings Drop 25% (BBY)

23 May 2012 @ 00:40
Best Buy Co. Inc. (NYSE:BBY), a multinational retailer of consumer electronics, computing and mobile phone products, entertainment products, appliances, and related services, today, reported a 25% decline in its first-quarter earnings. However, the retailer’s adjusted profit rose, sending shares higher in early trading. BBY shares are up more than 1% in early trading today. For […]
 

Barnes & Noble Expands Digital Offering with Microsoft

30 Apr 2012 @ 23:18
The world’s largest bookseller Barnes & Noble (NYSE:BKS) joined software giant Microsoft in a partnership that will “accelerate the transition to e-reading”valued at US$1.7 billion, the NYSE-listed company announced Monday, April 30th. Microsoft was reported to invest US$300 million for a 17.6% stake in the joint venture with the rest of the 82.4% to be held by Barnes & Noble […]
 

Goldman Fined over Information Leaks

13 Apr 2012 @ 23:20
Goldman Sachs (NYSE:GS) , the controversial New York based investment bank, has been fined $22 million by the U.S. Securities and Exchange Commission (SEC) for reportedly tipping off top clients about stocks. The SEC alleges that between 2006 and 2011, information from weekly equity research meetings between the firm’s analysts and traders was leaked to […]
 

Goldman Executive Exposes "Toxic" Culture in Scathing Editorial

16 Mar 2012 @ 01:56
Shares of Goldman Sachs (NYSE:GS) closed down 3.4% yesterday after a now former executive published a scathingly expository editorial in the New York Times. The London-based executive, Greg Smith, headed the firm’s United States equity derivatives department in EMEA and had been with the firm for 12 years, beginning as a summer intern. Smith asserted […]
 

Zynga Bets the Farm on $1 Billion IPO

17 Dec 2011 @ 02:32
Internet gaming company Zynga (NYSE:ZNGA) made its Initial Public Offering on Thursday, selling 100 million shares at $10 each and valuing the company at $9 billion. Shares will be open for public trading at 9:30 am in New York (2:30 pm GMT) on Friday. The $1 billion raised makes Zynga the biggest tech IPO since […]
 
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