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Business fun facts!
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If Bill Gates was a country, its GDP would rank close to 60th out of 180 countries in the world.
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Economic slowdown concern investors
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The markets remain flat after over 4% loss in last week’s selling by the investors. Investors remain on an edge due to the ongoing bad housing loans and declining housing market. Disappointing manufacturing data and slipping consumer confidence about the US economy did not help the investors to move the markets. On Monday, February 18th, the US stock markets are closed for President’s Day holiday. The S&P500 gained 18 points or +1.4%, the DOW gained 166 points or +1.4% and the NASDAQ gained 11 points or +0.5% for the week ending February 15th, 2008.
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Yahoo rejects Microsoft offer!
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Yahoo (Ticker Yhoo) shareholders rejected Microsoft (Ticker MSFT) offer to buy Yahoo for $45 billion (or $31 per share). Yahoo’s shareholders (the owner) decided that the Microsoft’s offer was too low. If Microsoft still wants to buy Yahoo, then Microsoft will have to find other ways to give incentive to Yahoo shareholders, such as, increase its offer. This could go on for some time until both parties agree or Microsoft backs down.
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REJECTED!
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Who is in the DOW and who is out?
The Dow Jones Industrial Average (DJIA, DOW, Dow 30, or Dow industrials) is a more than 100 years old and known worldwide stock market performance measure of 30 large US companies. The following 30 companies are in the DOW, however, on Feb 19th, 2008, Altria (MO) and Honeywell (HON) will be out of the list and Bank of America (BAC) and Chevron(CVX) will be in the list.
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Market Cap or Market Capitalization is simply the stock market value of the company. You can calculate it by multiplying the compnay Stock Price x Number of shares.
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Bank of America (BAC), $190 Billion
and
Chevron (CVX), $169 Billion
are IN.
Altria (MO)
and
Honeywell (HON)
are OUT.
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Learn more about...
What is Credit History? Why is it important to have a good credit history? Volume 12.
What is Economy, Business, Workers, Goods, Services, Stock, DOW, S&P500, and NASDAQ in Volume 16.
Does it pay to study hard? Volume 17.
What is Currency and Foreign Currency Exchange rate? Volume 14. What is stronger or weaker currency? Volume 20. What does the dollar slide mean? Volume 32.
How does money grow in a bank? Volume 21.
What is Fed Funds rate and Discount rate? Volume 22
What does the interest rate cut mean for you? Volume 23.
How to read stock information? Volume 25.
What is "Black Monday"...Crash of 87"? Volume 31.
Who are CEO, CFO, Shareholders, and the Board of Directors? What is SOX? Volume 33
How did year 2007 do? Volume 39.
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Feb 11-15, 2008
Weekly Stock Market
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Bull Market-Stocks up!
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Index
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Change
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Last
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DOW
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Up +166
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12,348
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S&P500
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Up +18
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1,350
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NASDAQ
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Up +11
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2,322
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Foreign Exchange Rate
$1 is equal to
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Currency
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Change
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Last
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Euro (€)
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-0.01
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0.68
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Yen (¥)
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+0.39
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107.73
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Pound (£)
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-0.00
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0.51
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Yuan ( )
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-0.01
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7.18
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Rupee (Rs.)
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+0.07
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39.68
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Canadian (C$)
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+0.01
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0.99
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Your Favorite Stocks
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Company
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Bought one stock in Jan-08
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This week stock is?
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Your gain or loss?
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$31.84
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$32.49
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+$0.65
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.jpg "Kellogg (Ticker is K) has over $11 billion in sales. It is know for ready-to-eat cereal and convenience foods.")
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$51.57
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$51.73
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+$0.16
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$58.10
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$55.30
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-$2.80
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We use multiple information resources, such as, websites, companies, stock exchanges, newspapers, text books, and others.
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