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December 12, 2004
I have 2,000 shares of Lucent Technologies. I paid about $75,000 to buy these shares at various times in 1998 and 1999. Today they're worth about $8,000. Should I sell them and take a tax loss? Or should I wait and see if Lucent can come back? - Y.B., Allentown, Pa. Here's a classic year-end dilemma. Sell now and take a tax loss for 2004 and perhaps beyond? Or hold on and wait for this busted balloon to soar back to the heavens? Thousands this month will wrestle with such a choice. Yet they should not find this decision too difficult to make, said Robert Doll, chief investment officer at Merrill Lynch Investment Managers in New York.
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BUSINESS
By Jamie Smith Hopkins, The Baltimore Sun | May 7, 2013
W.R. Grace CEO Fred E. Festa sold shares of newly exercised stock options for a nearly $1.3 million profit, the Columbia chemical maker said Tuesday. Festa exercised an option to buy 21,490 shares at $19.71 apiece Monday and sold them the same day for about $78.04 each, according to a company filing with the U.S. Securities and Exchange Commission. W.R. Grace said the sale was "pursuant" to a prearranged trading plan. Festa owned 100,000 shares of company stock after the transaction.
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BUSINESS
By WERNER RENBERG | May 8, 1994
When a major employer wants to engage an investment adviser to manage a portfolio of common stocks for an employee savings or retirement plan, it has hundreds of firms to choose from.Its task is very much like the challenge that you face when you want to invest in equity mutual funds. You have hundreds of funds to choose from, including some that are managed by the same advisers.Employers often turn to consulting firms to help them by identifying, evaluating and recommending advisers, and by monitoring them.
BUSINESS
By Gus G. Sentementes, The Baltimore Sun | October 15, 2012
Millennial Media Inc., a Baltimore-based mobile advertising company, said Monday it intended to sell a million shares while stockholders planned to sell another nine million shares in a secondary stock offering. Millennial expects to raise $14.5 million from the stock sale, which it intends to use to fund the company's growth, including possible acquisitions of other companies. The company also reported a preliminary third-quarter loss in the range of $1.9 million to $2.4 million, on revenues of $47 million.
BUSINESS
By Walter Hamilton and Tom Petruno and Walter Hamilton and Tom Petruno,LOS ANGELES TIMES | December 19, 2006
NEW YORK -- For more than 200 years, the New York Stock Exchange has been the symbol of American capitalism. Now, it's poised to go global. The exchange's parent company is nearing completion of a $14 billion deal to buy Euronext, an Amsterdam, Netherlands-based company that runs securities markets in five European capitals. The combination would create the first trans-Atlantic stock market and could become the model for future mergers with stock markets in Asia and around the planet - a reflection of the seismic forces reshaping financial markets.
BUSINESS
By Julius Westheimer | February 7, 1997
WHEN PEOPLE say, "Guess what stock I just bought?" I usually respond, "I'd rather know what you sold." And I generally get a blank stare in return.Instead of buying at this lofty level -- in 14 years the Dow has risen nearly 6,000 points -- have you considered some selling?Barron's, Feb. 3, says that Joseph P. Kennedy, a highly successful investor, began to exit the market when his shoeshine man talked stock strategies in 1929, weeks before the September top.And the New Yorker, Feb. 10, states, "Between September 1929, and March 1933, the Dow Jones industrial average fell 80 percent and stocks didn't reach their 1929 levels again until the mid-1950s."
BUSINESS
By Julius Westheimer | October 21, 1998
DO IT NOW: Here is practical advice from a new book, "Nine Steps to Financial Freedom," by Suze Orman. "If you're covered at work by a 401(k) or 403(b), get to your human resources offices right away and 'up' your contribution to the maximum.If you haven't signed up for your retirement plan, do it now. This is a gift from Uncle Sam."SOUND ADVICE: An investment adviser sends this strategy for 401(k) and 403(b) plans:"If you think the market will be volatile short-term, but OK long-term, move stock funds into money funds, then 'dollar-cost average' by putting 5 to 10 percent a month back into stocks.
BUSINESS
By Bill Atkinson and Bill Atkinson,SUN STAFF | October 28, 2001
Why do investors fire their brokers? For the same reason people divorce. "Lying, cheating, stealing, irreconcilable differences," said Marc Beauchamp, executive director of the North American Securities Administrators Association Inc., a Washington-based lobbying group that represents state securities regulators. "Like marriage, it is a relationship that takes a lot of work and vigilance and communication." There are 678,829 brokers in the country who sell stocks, bonds and mutual funds, manage money and earn fees and commissions.
BUSINESS
By Bill Atkinson | August 29, 1999
SIXTY-SIX-year-old Harold N. Peremel has joined the revolution, and he's loving it.Peremel, president of Peremel & Co., is helping transform the Baltimore-based brokerage he started in 1974 to take advantage of the technology revolution sweeping Wall Street.Two years after the company began offering online trading in 1997, it has introduced a palm-size beeper that lets customers buy and sell stocks, trade options and keep tabs on the market. It also stores messages and fax notes, and holds hundreds of addresses and phone numbers.
BUSINESS
By Walter Hamilton and Walter Hamilton,LOS ANGELES TIMES | December 21, 2006
NEW YORK -- The Big Board is getting bigger. Shareholders of the New York Stock Exchange's parent company voted overwhelmingly yesterday to buy a European stock exchange company in a landmark $14.6 billion deal that creates the first trans-Atlantic stock market. The acquisition of Euronext NV was approved by 99.7 percent of NYSE Group Inc. shareholders. The deal was seen as the first step in a planned global expansion. "In many ways, we'll be the most powerful exchange in the world," NYSE Chief Executive Officer John A. Thain said at a shareholder meeting where the results were announced.
BUSINESS
By Gus G. Sentementes, The Baltimore Sun | September 17, 2012
KEYW Corp., a Hanover-based defense contractor that offers cybersecurity and counterterrorism solutions to government agencies, said Monday that it will sell 6.5 million shares of stock in a new public offering to raise money to pay down debt and complete a recently announced company acquisition. The publicly traded company said last week that it intended to acquire Poole & Associates Inc., of Annapolis Junction, for $126 million in cash and stock. The company last week also announced the acquisition of Sensage Inc., of Redwood City, Calif., for nearly $35 million in cash and stock.
BUSINESS
By Hanah Cho, The Baltimore Sun | January 27, 2012
Frank Stronach, Pimlico's owner and a successful breeder, wants to bring horse ownership to the masses — by selling stock in six new racehorse investment companies. For $10 a share, investors could own a piece of thoroughbreds that would be trained and raced around the country before they are sold off, according to documents filed for the initial public stock offerings. The companies — named after Stronach's winning horses, including 2000 Preakness champ Red Bullet — are trying to raise a total of about $24 million.
BUSINESS
By Hanah Cho, The Baltimore Sun | September 16, 2010
Baltimore's Fraternity Federal Savings and Loan Association announced Thursday that it will covert itself from a mutual to a stock entity. The association's board unanimously approved the plan to sell shares of stock in the conversion offering. Fraternity Federal had total assets of $168 million as of June 30. hanah.cho@baltsun.com
BUSINESS
By JAY HANCOCK | August 19, 2007
Alan Greenspan taught us to worry about irrational exuberance, the stock market's manic phase. But there is the flip side of the cycle in which investors seem to expect a depression, hate stocks no matter how cheap they get and click the "sell" button as thoughtlessly as they bought the Nasdaq at 200 times earnings. Illogical lugubriousness, we can call it. At the one point last week shares in the Standard & Poor's 500 index were 10 percent cheaper than they were a month ago, although they recovered somewhat on Friday.
BUSINESS
By The Denver Post | March 22, 2007
DENVER -- Qwest's former investor-relations director Lee Wolfe testified yesterday that he committed illegal insider trading, but has received partial immunity. His testimony came during the first full day of witness examinations in the insider-trading trial of former Qwest chief executive Joseph P. Nacchio, who is accused of dumping $101 million in Qwest shares shortly before the stock tumbled. Wolfe was the first witness to be questioned. From January 2001 to April 30, 2001, Wolfe exercised and sold 25,000 stock options for a pretax profit of $646,000, he said.
BUSINESS
By Walter Hamilton and Walter Hamilton,LOS ANGELES TIMES | December 21, 2006
NEW YORK -- The Big Board is getting bigger. Shareholders of the New York Stock Exchange's parent company voted overwhelmingly yesterday to buy a European stock exchange company in a landmark $14.6 billion deal that creates the first trans-Atlantic stock market. The acquisition of Euronext NV was approved by 99.7 percent of NYSE Group Inc. shareholders. The deal was seen as the first step in a planned global expansion. "In many ways, we'll be the most powerful exchange in the world," NYSE Chief Executive Officer John A. Thain said at a shareholder meeting where the results were announced.
BUSINESS
By Julius Westheimer | June 6, 1991
Edging lower on moderate volume, the Dow Jones average lost 22 points yesterday. But when Wall Street opened this morning, the Dow indicator stood at 3,005.37, still ahead 372 points for the year to date and up 2,012 points, or 202 percent, from this date 10 years ago (DJ 993).LOOKING AHEAD: "This is a great time to sell stocks." (James Grant) . . . "Auto and housing stocks are up, a good sign, and when IBM and the drug stocks kick in, the Dow average will rise even farther." (Laszlo Birinyi)
NEWS
By George F. Will | December 28, 2000
WASHINGTON -- Americans quickly come to think of pleasures as entitlements, so as the gaudy economic expansion encounters turbulence, they seem not just stunned but affronted. However, the stock market is simply doing its job, reallocating capital from unproductive to more productive uses. This is, so far, what a soft landing of a high-flying economy looks like. And the vocal angst of many investors is what a soft landing sounds like in a spoiled nation that is becoming the crybaby of the Western world.
BUSINESS
By Walter Hamilton and Tom Petruno and Walter Hamilton and Tom Petruno,LOS ANGELES TIMES | December 19, 2006
NEW YORK -- For more than 200 years, the New York Stock Exchange has been the symbol of American capitalism. Now, it's poised to go global. The exchange's parent company is nearing completion of a $14 billion deal to buy Euronext, an Amsterdam, Netherlands-based company that runs securities markets in five European capitals. The combination would create the first trans-Atlantic stock market and could become the model for future mergers with stock markets in Asia and around the planet - a reflection of the seismic forces reshaping financial markets.
BUSINESS
By GAIL MARKSJARVIS and GAIL MARKSJARVIS,TRIBUNE MEDIA SERVICES | February 26, 2006
The next time you go to a financial consultant for help with your investments, you may receive a document that is supposed to make it easier for you to figure out whether that person is truly out for your best interests. But there's a risk that after you've read it, you will be more confused than ever before. Read the document like a cigarette label. In essence, it is warning: "This broker might be hazardous to your wealth." It won't read that way, however. Instead, it begins with: "Your account is a brokerage account and not an advisory account.
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