Tag: STOCKS

It's no secret that Goldman Sachs wants to cozy up with Facebook, but it looks like both parties will have to put wedding plans on hold, as the bank has suffered a major blow to its carefully laid investment plans. After investing $450 million in the social network earlier this month, Goldman reportedly turned its attention to raising an additional $1.5 billion from its top clients through an ...

Due to Facebook's astronomical ascent over the last several years, demands for the site to open its fiercely protected financial records have intensified. According to CNET, those calls may soon be heeded. Goldman Sachs, which just dropped $500 million in the Facebook coffers, has apparently been privately offering sweet Facebook stock deals to its "deep-pocketed clients." If more than 500 ...

Wanna know where the stock market is headed? According to new research from Indiana University, Twitter may hold the answer. Indiana's Johan Bollen and his team of researchers recently investigated whether Twitter could be used as an accurate stock market weather vane, based on the presumption that the microblogging platform could give some insight into the mood of the country. To test their ...

There was once a time when crooked dock workers pulled off relatively straightforward, conventional crimes, like drug smuggling or human trafficking. Today's law-breaking longshoremen, however, are apparently expanding and embellishing their criminal operations, thanks to social networking. As Reuters reports, federal prosecutors have charged 11 suspects, including one New York Harbor ...

Environmentalism has a new face, and his name is J Brave. Instead of penning an ode to his gas-guzzling Escalade or Hummer, Brave, you see, decided to wax poetic about the luxuries of "Dippin' in My Tesla." Much to our delight, "helpin' the planet" while "feelin' real sporty" in your electric car is, apparently, well within the Code of Thug Life. The song itself is awesomely awful (dare we even ...

Share Ever since the dawn of Hollywood's Golden Age, from 'Sunset Boulevard' to 'The Player,' the world of movie-making and show business has been portrayed as some stylized, inaccessible society that we can observe and idolize -- but only from a distance. Soon, though, you may be able to get in on the business yourself, thanks to a newly approved financial market devoted exclusively to film ...

Share Valery Maltsev, believed to be the sole owner and operator of Broco Investments, has found himself in the crosshairs of the SEC. The St. Petersburg, Russia-based trader has had his assets and accounts frozen after being fingered as the man behind a "pump and dump" scam. According to a complaint filed by the SEC, Broco hacked several accounts at AmeriServe Financial, and used them to ...

The financial crisis is actually proving to be a boon, for some. Finance-themed Web sites have seen huge increases in traffic, and even the little guys are noticing massive numbers of new visitors. Understandably, major online financial outlets like the Wall Street Journal, AOL Money and Finance, and Yahoo! Finance have seen record levels of daily traffic, but it's what has been happening at the ...

Yes, it was a rough day all-round for the markets yesterday, and with the repercussions spanning the globe overnight, we're not too optimistic that it'll be a much better day today. But, while bank- and investment-related stocks were the story of the day, tech stocks were some of the biggest losers, with Apple, Google, and Yahoo all getting hit particularly hard. Apple was the worst, dropping ...