Topic: Earnings and Losses

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National Spelling Bee: 10 winning business words

In the National Spelling Bee’s 85-year existence, a wide range of words have crowned the winners – from science words like ‘crustaceology,’ to musical terms such as ‘soubrette,’ and ‘appoggiatura.’ The list of winning words also includes several that could slide right into the pages of this newspaper’s business section. In honor of the 2012 Scripps National Spelling Bee, here are 10 business words from past years that have determined the champion. Will this year’s winning word make the list?
Facebook IPO: Six key dates in its debacle

Facebook's first week as a publicly traded company will go down as a terribly botched corporate launch, perhaps one of the worst in recent history for such a highly visible entity. Eight days ago, it was the tech world's most highly anticipated initial public offering in eight years. Now, the social media company faces mounting legal woes and serves as an embarrassing example of how not to run an IPO. Despite rising insider pessimism about its growth prospects, Facebook kept boosting its asking price and the number of shares it would sell. The result: billions of dollars in losses; investigations by two congressional committees, the Securities and Exchange Commission (SEC), an industry watchdog, and the state of Massachusetts; at least 13 class-action lawsuits; and thousands of resentful shareholders who days later still were unsure how many Facebook shares they had or at what price. Here are six key dates in Facebook's unfolding IPO disaster.
10 best cities to buy short sale homes

Foreclosures are tough: Homeowners lose their houses and ruin their credit, while banks get stuck with vacant, deteriorating real estate for months before selling it at a considerable loss. Increasingly, banks are finding another way: the short sale. Instead of waiting to foreclose, a bank preemptively sells a home at a deep discount and closes out the underwater mortgage, even if the house sells for less than the value of the mortgage. The result: Homeowners shed their mortgage debt, and banks unload properties more quickly and inexpensively. Here are the Top 10 metropolitan areas with the biggest average discounts on these pre-foreclosure homes, according to online foreclosure marketplace RealtyTrac. Can you guess which city is No. 1?
What can Congress do to create jobs? Five Republican proposals.

Amid worries that the economy may be tipping toward a second recession, both Republicans and Democrats say creating jobs is their top priority. But the two parties are far apart on their approaches. Here are the Republicans' top five priorities.
Heat wave: Four things that will rise with the temperatures

Slowing down because of rising heat is the expected response in any summer heat wave. But in a week like this one, where high temperatures fanned across the country, sizzling toward 100 degrees F. from Texas to Boston, some things also go up. Here are four things to expect to rise along with our desire to stay indoors and beat the heat.

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National Spelling Bee: 10 winning business words

In the National Spelling Bee’s 85-year existence, a wide range of words have crowned the winners – from science words like ‘crustaceology,’ to musical terms such as ‘soubrette,’ and ‘appoggiatura.’ The list of winning words also includes several that could slide right into the pages of this newspaper’s business section. In honor of the 2012 Scripps National Spelling Bee, here are 10 business words from past years that have determined the champion. Will this year’s winning word make the list?
Tax VOX
New online tool to help families maximize tax, transfer benefits

State taxes and transfers can be an important, albeit complicated form of assistance for low-income families. A new interactive calculator aims to help guide families through the process, including the options when family income increases.
Facebook IPO: Six key dates in its debacle

Facebook's first week as a publicly traded company will go down as a terribly botched corporate launch, perhaps one of the worst in recent history for such a highly visible entity. Eight days ago, it was the tech world's most highly anticipated initial public offering in eight years. Now, the social media company faces mounting legal woes and serves as an embarrassing example of how not to run an IPO. Despite rising insider pessimism about its growth prospects, Facebook kept boosting its asking price and the number of shares it would sell. The result: billions of dollars in losses; investigations by two congressional committees, the Securities and Exchange Commission (SEC), an industry watchdog, and the state of Massachusetts; at least 13 class-action lawsuits; and thousands of resentful shareholders who days later still were unsure how many Facebook shares they had or at what price. Here are six key dates in Facebook's unfolding IPO disaster.
Stocks rally to erase steep losses

Stocks closed mixed Wednesday after a late rally erased steep losses. The Dow lost seven points to close at 12496
Stocks mixed after Greek worries resurface

After gaining for most of the day, the Dow only finished up 2 points at 12503 Tuesday, as news out of Greece yanked indexes lower shortly before the closing bell.
Facebook to debut at $104 billion

The IPO will be one of the largest in history.
Stocks fall amid discouraging economic reports

The Dow fell 156 points to close at 12442 – the index's 11th loss in 12 days – after a pair of discouraging economic reports unnerved investors already worried about a possible exit from the euro by Greece.
Greek turmoil causes US stocks to slide

The Dow lost 33 points to close at 12598, continuing its rocky performance during the month of May.
Stocks fall; Dow continues two-week slide

The Dow lost 63 points to close at 12632 Tuesday as Europe's latest political impasse cast a gloom over financial markets.
Groupon stock jumps as earnings beat expectations

Groupon stock soared after first quarter earnings were better than analysts predicted. Groupon stock shot up nearly 18 percent in after hours trading.
Sony stock slides as entertainment giant suffers huge earnings loss

Sony stock dipped 1.2 percent in Tokyo following the news that Sony racked up a record $5.6 billion annual loss in 2011. It was Sony's fouth straight year in the red.
Stocks slide as doubts about Europe simmer

Stocks pitched down Wednesday in the US as borrowing rates climbed for Spain and Italy, a sign that investors are losing confidence in those countries' finances. The Dow lost 97 points to close at 12835 – its sixth consecutive day of losses.
Stocks tumble on Europe turmoil

Political uncertainty in debt-hobbled Europe spread to financial markets Tuesday and pushed stocks lower in Europe and the United States. The Dow lost 76 points close at 12932 after falling as much as 200 points earlier in the day.
US stocks fall on disappointing jobs report

US stocks opened lower Friday after the government reported that hiring slowed in April.
Facebook IPO: World's most expensive dog and pony show

Facebook executives will make the rounds next week to convince fund managers and institutional investors that its initial public offering is worth $28 a share or more. With Facebook's valuing itself at up to $96 billion, it would be the biggest Web IPO ever.
Stocks mixed after lackluster jobs report

The Dow fell 10 points to close at 13268 after ADP reported that the US added far fewer jobs in April than in March.
Comcast stock: Earnings up. Price falls from peak.

Comcast stock falls after hitting 12-year high Tuesday. Quarterly earnings for Comcast stock rose 30 percent, exceeding expectations.
Paper Economy
Rough first quarter GDP shows 2.08 percent growth

The first estimate of the first quarter Gross Domestic Product shows that on a year-over-year basis, real GDP increased 2.08 percent while the quarter-to-quarter non-annualized percent change was 0.55 percent.
The Reformed Broker
Corporate earnings soar. Don't get too excited.

The growth in corporate earnings has been impressive this year, but such growth is par for the course.
Amazon stock surges on blowout earnings report

Amazon stock got a boost from the company's huge profits in the first part of the year, led by the runaway success of the Kindle Fire tablet. Amazon stock rose $28.01 in late trading.
Starbucks gets 18 percent boost from global customers

Starbucks increased its net income by 18 percent in its fiscal second quarter as more customers visited Starbucks cafes in most parts of the world.
US stocks boosted by home sales, corporate earnings

US stocks edged higher Thursday, pushed up by a batch of bright earnings reports and encouraging news about home sales. The Dow rose 113 points to close at 13204
Apple surge lifts Nasdaq 2 percent

The Nasdaq composite index shot 2 percent higher Wednesday, powered by a surge in Apple. The Dow gained 89 points to close at 13090 on an all-around good day for US stocks.
Hungry? Pizza Hut launches cheeseburger crust pizza. (+video)

Pizza Hut has released a pizza lined with tiny cheeseburgers in the Middle East, just weeks after releasing the "Hot Dog Stuffed Crust Pizza" in the UK. When will Pizza Hut bring a wild pizza crust to the United States?
Stocks fall on worries over European stability

The Dow slipped 102 points to close at 12927 Monday as worrying news out of Europe sent US stocks sharply lower.