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Markets Mostly Higher Despite Initial Negative Reaction From FOMC Minutes
Wednesday, August 20, 2014 - 5:31pm | 2792U.S. stocks were mostly higher as the S&P 500 and Dow continue trading near historical all-time highs. The S&P 500 briefly dipped into negative territory immediately following the Federal Reserves's minutes while the Dow trading lower but stayed in positive territory. The NASDAQ...
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Markets Close The Week On Negative Note As Ukraine Worries Mount
Friday, August 15, 2014 - 5:01pm | 2461U.S. stocks erased early morning gains and finished lower following reports that Ukrainian artillery forces engaged armored vehicles entering Ukraine from Russia. Narayana Kocherlakota, Minneapolis Fed President, stated that labor strength in its current state appears to be far away from the...
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Shares Of Vringo Tumble; Company Loses Appeals Court Ruling
Friday, August 15, 2014 - 11:49am | 120Shares of Vringo (NASDAQ: VRNG) were briefly halted late Friday morning on a circuit breaker after a nearly 11 percent decline. At 11:02:37 a.m., the trading halt code on Vringo was changed from circuit breaker to “T1” or “Trading is halted pending the release of material news...
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Market Wrap For March 21: Markets End Friday On A Negative Note, But Still Positive For The Week
Friday, March 21, 2014 - 4:38pm | 2353U.S. stocks slipped to negative territory aided in part by Friday being a quadruple witching trading session. Major indices sold off in the afternoon as investors likely took some chips off the table going in to an uncertain weekend with the situation in Ukraine far from resolved. The S&P...
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Market Wrap For January 29: Markets Lower on Fed Taper, Emerging Markets Worries
Wednesday, January 29, 2014 - 6:38pm | 2416U.S. stocks were unable to keep yesterday's momentum and ended the day sharply lower. The Dow suffered yet another triple digit decline with the S&P 500 and Nasdaq indices shedding more than one percent. In Ben Bernanke's final meeting as Fed chief, the FOMC tapered its monthly bond...
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James Altucher Still Holding Vringo, Says Has Room To Go Much Higher
Wednesday, January 29, 2014 - 2:04pm | 595Entrepreneur/Investor James Altucher, who has been bullish on the stock for nearly two years, is predicting a much higher price than $6.50. When Benzinga spoke with James Altucher Wednesday morning regarding Tuesday’s ruling, Altucher said,"Everything has happened exactly as I...
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Market Wrap For January 22: Earnings Season Continues To Come In Mixed
Wednesday, January 22, 2014 - 5:58pm | 2705Wednesday marked another day of mixed trading as investors and traders continue to find little clarity from the quarterly results released so far. With the markets being a "mixed bag" major indices ended the day little changed with the Dow ending slightly in the red and both S&P 500 and...
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Vringo Wins U.S. Patent Case Against Google
Wednesday, January 22, 2014 - 2:50pm | 210Chalk one up for the little guys. Vringo (NASDAQ: VRNG) on Wednesday afternoon won a patent ruling entitling the company to additional royalties from Google over its AdWords products. Vringo, with a market cap of less than $300 million, was involved in a dispute with the Internet behemoth over...
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Nokia's Asset Sale is the Beginning of its Demise
Thursday, August 9, 2012 - 9:49am | 427Nokia (NYSE: NOK) has announced that it will sell its cross-platform application framework, Qt, to Digia Oyj for an unspecified sum. Designed to work with APIs for C++ programming, as well as Qt Quick "for rapid UI creation," Qt was once an important part of Nokia's long-term strategy. According...