Articles about stock market

Biz quadruples value overnight by adding 'Blockchain' to name

How do you increase the value of your business by 300 per cent overnight? Simple, add a buzzword to your name. As spotted by the Financial Times, AIM-listed company On-line did exactly that and quadrupled its share value by including blockchain in its name. The spike in value immediately followed this stock market statement …
Kat Hall, 27 Oct 2017
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London's $40m 'flash crash' trader is to face extradition to the US

Navinder Singh Sarao, the man accused of causing the stock market “flash crash” in 2010 has lost his court battle against extradition to the US. In 2010 Sarao, 36, was alleged to have knocked $40m (£28m) off the financial markets. He traded on the Chicago Mercantile Exchange from his parents' home near Heathrow. He is …
Kat Hall, 23 Mar 2016
Michael Dell, photo: Dell

Dell 'struggling to raise funds for EMC gobble'

Dell's US$67bn mega-merger with EMC could be in trouble, with bankers reportedly having trouble raising the funds to foot the acquisition. The takeover, which was announced in October, looked like plain sailing, but the falling stock market, and in particular the crash in tech stock prices, appears to have had a knock-on …
Iain Thomson, 12 Feb 2016
A bunch of shadow people leg it across a backdrop of dollar bills (conceptual illustration)

Which tech stocks are suffering and – crucially – why?

Analysis With the stock markets on a slide since the start of the year, the usual game of over-hyping companies that are doing well has flipped and now the game is to give companies – particularly tech stocks – a good kicking on the way down. Much of the current frenzy appears built around Twitter, which is having a bad year, and the …
Kieren McCarthy, 20 Jan 2016

How Twitter can see the financial future – and change it

Scottish financial trader James Alan Craig has been charged in the US with allegedly using Twitter to manipulate share prices. That charge raises a fascinating question: can Twitter be used to fiddle the stock markets? According to the US Department of Justice, the 62 year old, from Dunragit in Dumfries and Galloway, caused …
Costas Milas, 10 Nov 2015

Insider trading ring hired 'Ukrainian hackers to scoop stock market'

The FBI says it has cracked open an insider-trading ring which employed Ukrainian hackers to pinch corporate announcements from news wires and then traded stocks based on the unreleased information. Nine men have been named in a pair of indictments filed in New York and New Jersey. Five of the nine were arrested in a series of …
Stock ticker board

Acer puts fundraising plan on ice as stocks struck by chilly winds

Acer could well postpone cash-raising activities on the Taiwanese Stock Exchange due to some volatility in its share price, according to founder Stan Shih. The plan was to issue shares with a target price of NT$20 per unit but the PC maker’s valuation dipped NT$0.35 on the Exchange yesterday to NT$19.80, so investors are …
Paul Kunert, 28 Oct 2014

'Big data' predicts stock movements, boffins claim

Researchers from the Warwick University's business school reckon they can predict the next crash, by watching Google searches and Wikipedia. The supposed power of Google as a predictive tool has been popular in academia ever since The Chocolate Factory unveiled Google Flu Trends back in 2008. Its usefulness for real-world …
Rotten apple

Rogue trader gets 2½ years for BILLION-dollar Apple share plot

A rogue trader has been sentenced to 30 months in prison for his scheme to profit from an unauthorised purchase of a billion dollars of Apple stock. The doomed plan – which eventually led to David Miller's employers being forced to put their biz up for a merger or fresh investment – was to buy millions of Apple shares on 25 …

Investors on Microsoft: What, Ballmer, leaving? Hand me my wallet

Two Microsoft investors have upped their stakes in the firm ahead of the exit of chief executive Steve Ballmer, who announced his retirement a few months ago. Highfields Capital said in a regulatory filing first spotted by Reuters that it now holds six times the number of shares it used to, having increased its stake during Q3 …
Stock ticker board

Morgan Stanley: Web firms too fat and ugly to bother investing in

Morgan Stanley has lowered its view on all internet company stocks from "attractive" to just "in-line", warning that sector has to show some more growth if it wants to justify current valuations on shares. In a research note to clients, analysts said that investors had been looking at the total addressable market (TAM) …
Square payment system

Jack Dorsey in IPO talks over payment platform Square - report

Twitter co-founder chats to banks about floating ANOTHER profitless firm Not content with one high-profile IPO, Jack Dorsey is trying to get his other startup, payments firm Square, onto the market in 2014, according to recent reports. Dorsey, who founded both Square and Twitter, has held discussions with banks about getting the company that lets you make payments with your mobe or fondleslab ready …

While the BBC drools over Twitter, look what UK's up to: Hospital superbug breakthrough

Comment The BBC has gone Twitter-crazy this week, with every pre-IPO twitch reported in the top-of-the-hour bulletins. But when you peek beneath the hype, it's not the wonder-fest you might think. Twitter "changed the world, hashtag-by-hashtag" gushes the website. "Could we hatch a British Twitter?" asks Rory Cellan-Jones. Short of …
iconia W3 acer

Acer suffers terrible let-down after unexpected withdrawal of Wang

Shares of Acer fell by their daily limit in Taiwan after the company announced that chief exec JT Wang was abandoning ship and it was going to cut seven per cent of its staff to try to save some money. Acer stocks opened the session already down 6.9 per cent, the maximum they are allowed to fall in any one trading session, to …

Twitter-mad twits trade 14 million shares in BANKRUPT zombie biz

US regulators have had to change the stock symbol of bankrupt electronics firm Tweeter after some overexcited investors mistook the shares for soon-to-IPO microblogging website Twitter's stocks, sending them surging by 750 per cent. The Financial Industry Regulatory Authority assigned Tweeter Home Entertainment Group the new …
Team Register, 10 Oct 2013

Clear this week's diary - Twitter just might flash its secret $15bn IPO in public

Twitter hopes to reveal to the world its secret initial public offering (IPO) filing this week, according to sources whispering in the ear of news website Quartz. One of those people familiar with the matter told the site that the social network would like to start trading before Thanksgiving, likely on the New York Stock …
Tech Data

IT distie Tech Data must end accounts-unbungling probe within a fortnight

NASDAQ-listed Tech Data has less than a fortnight to get its accounts in order and financial filings up to date, the distributor acknowledged last night. The Florida-based broadline IT distribution giant discovered whopping great errors in its finance records at UK subsidiary C2000 back in March, which were related to blunders …
Paul Kunert, 13 Sep 2013
The Register breaking news

ATTACK of the ROBOT BANKERS brings stock market to its knees

Automated "predatory" robot bankers caused a number of serious glitches that sent the global financial system shuddering to a halt, researchers have claimed. Boffins from the University of Miami found that squadrons of "ultrafast" and out of control trading algorithms caused major spikes and crashes in the market. These …
Jasper Hamill, 12 Sep 2013

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