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Tuesday, February 28, 2012 - 8:56am
Yelp Going Public, Seeks 5 Stars and $100M
Yelp, the service you can't visit a restaurant without, goes public later in the week. 7.15 million shares go on sale for $12-$14 each under the (NYSE: YELP) ticker, putting the expected raised capital between $86 and $100 million. Yelp is expected to be the last online business to go public before...
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Benzinga's Political Round Up, August 18, 2011
Thursday, August 18, 2011 - 12:41pm
An enforcement lawyer at the SEC said the agency illegally destroyed thousands of files and documents. The Department of Justice is investigating whether Standard & Poor's improperly rated dozens of mortgage securities. Exxon Mobil Corp. (NYSE: XOM) is fighting with the U.S. government to...
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Zings Of The Day, August 11, 2011
Thursday, August 11, 2011 - 3:32pm
Deere & Co. (NYSE: DE) is being probed by the SEC for potentially violating the foreign bribery law. Kinda hard to NOT notice someone handing you a tractor. French president Nicolas Sarkozy has given his finance and budget ministers one week to come up with new measures to cut France's debt....
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Tuesday, August 9, 2011 - 12:34pm
Fortress International Group Considering Returning to Nasdaq Exchange
Fortress International Group's (OTC: FIGI) shareholders have been wondering if the Company will return to Nasdaq listing, and after reaching out to the company, this seems like it could be a possibility. In March 2010, Fortress International Group voluntarily delisted from Nasdaq exchange. Trading...
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Tuesday, July 19, 2011 - 9:35am
Judge Rules Against Mark Cuban's Defense in SEC Insider Trading Lawsuit
Mark Cuban doesn't like to hold things back. Last year, he openly criticized QE2. He picked on Facebook for becoming too Googlized (NASDAQ: GOOG). And he thinks we're in a great startup environment (who can blame him?). Unfortunately for Cuban, today's news might give him reason to pause. The...
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Thursday, July 7, 2011 - 5:26pm
Where Is the Justice? Another Slap on the Wrist for J.P. Morgan
For the second time in the past month, J.P. Morgan (NYSE: JPM) has reached a settlement with the Justice Department and Securites and Exchange Commission for “alleged” misconduct. Notice the quotes around “alleged.” In the first settlement, and perhaps the most unjust, J.P. Morgan agreed to pay $...
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Benzinga's Political Roundup June 28, 2011
Tuesday, June 28, 2011 - 12:08pm
The FCC continues to take a neutral stance on the wireless industry and whether it would be competitive after AT&T (NYSE: T) buys T-Mobile USA. Congress may discuss regulating investment advisers and handing the regulation over to The Financial Industry Regulatory Authority, as opposed to the...
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Less Than Meets The Eye: Is The Hub In Trouble?
Tuesday, June 14, 2011 - 2:47pmThe much ballyhooed joint-venture between Hasbro (NASDAQ: HAS) and Discovery Communications Inc. (NASDAQ: DISCA), The Hub, may be in trouble, writes Deadline. Discovery Communications filed an amended debt filing this morning saying that the TV network, could be worth substantially less than the...
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Carlyle Group to Take HCR ManorCare Public
Tuesday, June 7, 2011 - 10:32am
Reuters is reporting that private equity firm The Carlyle Group will soon take HCR ManorCare public in an offering that could raise as much as $500 million. The company is expected to file IPO registration paperwork with the U.S. Securities and Exchange Commission within the next month. The IPO...
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Oppenheimer Comments On American Tower's Receipt Of Subpoena From SEC
Monday, June 6, 2011 - 8:21amOppenheimer has published a report on American Tower (NYSE: AMT) after the company announced its receipt of a subpoena from the Securities & Exchange Commission for reasons unknown. In the report, Oppenheimer writes, "American Tower announced the receipt of a subpoena from the SEC requesting...
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