Visa IPO
Visa started trading on the NYSE on Wednesday, March 19. Visa IPO is considered the largest IPO in US history, with 406 million shares sold at $44 per share, raising $17.9 billion USD. Perhaps Visa is the popular credit card in the world, as its universal acceptance is greater than that of MasterCard and American Express.
Tagged as: american express, bank of america, convenience, credit, growth, ipo, mastercard, nyse, paperless, universal, visaOil Surpasses $103 for First Time
We are in recession and bear market, there is no denying about that. Since the beginning of the year, most of the stocks went down and the economy continues to trend down. With oil and gold at record high prices ($103 and $970 respectively), President Bush and Federal Reserve chief Ben Bernanke still deny that we are [...]
Tagged as: bernanke, bush, Economy, gold, growth, high, negative, oil, recessionMicrosoft is Buying Yahoo for $44.6 Billion
Sold 1000 shares of YHOO @ 27.75.
Microsoft is buying Yahoo for $44.6 billion! Now Google is facing some STRONG competition. In this market, it is all about timing. Microsoft released this news right after Google posted disappointing results yesterday.
Fed's Half-Percentage Rate Cut
As expected by many investors and analysts, the Fed had cut the key interest rate half a percentage to 3% on Wednesday, the lowest level since Spring ‘05. This is the fifth time the Fed had cut the rate since it began with a half-point cut on Sept. 18, 2007, in response to the Subprime Crisis back in Summer ‘07.
Tagged as: borrow, Economy, fed, growth, half-percentage, inflation, jobs, rate cut, subprimeCompanies That May Turn Around
COH – Coach Inc.
In the early morning press release, Coach said that it is going to open the first Hong Kong global flagship store in summer 2008, in the Lan Kwai Fong area located near Central (Link). This is very good news considering Hong Kong is the shopper’s heaven.