Kenneth Heebner, the jut-jawed mutual fund manager who’s one of the most successful money runners of the past decade, has liquidated nearly the entirety of his fund’s holdings in Apple Computer, the very successful maker of touch-screen devices and personal computers.
Bloomberg reports that Heebner’s Capital Growth Management, known to cycle in and out of Read More
Shares in Apple Computer experienced two sharp downward spikes today. But the price action is very different from what we saw yesterday with Progress Energy. Progress’ shares dropped 90 percent almost instantaneously. Even with today’s downward spikes, Apple’s trading between $275.00 and $291.77. It’s not exactly like the floor fell through.
So, is it Read More
A slew of new Wall Street firms are opening up to the iPhone, according to a report by John Carney at CNBC.
According to Carney, Credit Suisse is working letting its bankers use iPhones, Bank of America has begun phasing in the touch-screen smartphones and Wall Street law firm Skadden Arps lets its Read More
Drive another nail into the coffin for Blackberry maker Research in Motion. According to Bloomberg, two big banks, JP Morgan Chase and UBS, may soon allow their employees to access corporate email via the Blackberry’s arch rival, Apple’s iPhone.
JP Morgan and UBS together have more than 280,000 employees. But what’s at stake Read More
The False Trade Off
Since 1985, the Gallup poll has asked survey respondents to trade off environmental protection against economic growth. This past spring, for the first time, more people chose economic growth than environmental protection. (See Gallup graph) The data is an accurate reflection of public opinion, and there is no question Read More