You are browsing the archive for stock market.

Selloff tarnishes image, but some still bullish on gold

April 19, 2013 in The Dickinson Press

For a commodity that dazzled for most of the last decade, gold turned to lead this past week when the price dropped 13 percent over two trading days. Continue Reading

Stocks slip, but Apple sets a record

August 20, 2012 in Grand Forks Herald

Stocks slipped Monday in one of the quietest trading sessions of the year. Worries about European debt crept up again, and Apple became the most valuable company of all time. Continue Reading

General Mills raises dividend by 8 pct to 33 cents

June 26, 2012 in Grand Forks Herald

Food maker General Mills says its board has approved an 8 percent increase to its dividend. The Minneapolis-based maker of Cheerios cereal, Nature Valley granola bars and Hamburger Helper says its new dividend of 33 cents will be paid on Aug. 1 to shareholders of record as of July 10. Continue Reading

Facebook stock climbs in public debut

May 18, 2012 in Grand Forks Herald

Facebook updated its status to “public company” on Friday. After an anxiety-filled half-hour delay, its stock began trading on the Nasdaq Stock Market for the first time as investors were finally able to put a dollar value on the company that turned online social networking into a global cultural phenomenon. But as many people looked for a big first-day pop in Facebook’s share price, the single-digit increase was somewhat of a letdown. Continue Reading

Facebook prices IPO at $38 per share

May 17, 2012 in Grand Forks Herald

Facebook says it has priced its initial public offering of stock at $38 per share. That’s the high end of its expected range of $34 to $38. It means investor demand is strong for the world’s largest online social network. Continue Reading

Facebook IPO price range set at $28 to $35

May 3, 2012 in Grand Forks Herald

Facebook has set a price range of $28 to $35 for its initial public offering of stock. At the high end, this could raise as much as $11.8 billion. If the underwriters sell the extra stock reserved for overallotments, the IPO will value Facebook at $79.3 billion at the high end of the price range. Continue Reading

Dow Jones closes at highest mark in four years

May 1, 2012 in Grand Forks Herald

The fastest growth in U.S. manufacturing in 10 months gave stocks a lift Tuesday and pushed the Dow Jones industrial average to its highest close in more than four years. Continue Reading

Nasdaq cracks 3,000; stocks dip as Bernanke speaks

February 29, 2012 in Grand Forks Herald

Stocks are lower at midday after comments by Federal Reserve Chairman Ben Bernanke made it appear less likely that the Fed will intervene to juice the economy by buying bonds. Continue Reading

Manufacturing data causes climb of stocks

February 1, 2012 in Grand Forks Herald

U.S. stocks had a big January, and they’re starting February strong, too.
Stocks climbed Wednesday after strong manufacturing data and encouraging reports about the Greek debt crisis. The Dow Jones industrial average closed within 100 points of its post-2008 financial crisis peak. Continue Reading

Facebook could offer a twist with it’s IPO according to speculation

January 31, 2012 in Grand Forks Herald

Facebook founder Mark Zuckerberg turns up at business conventions in a hoodie. “Cocky” is the word used to describe him most often, after “billionaire.” The company is expected to file as early as Wednesday to sell stock on the open market in what will be the most talked-about initial public offering since Google in 2004, maybe since the go-go 1990s. Around the nation, regular investors and IPO watchers are anticipating some kind of twist perhaps a provision for the 800 million users of Facebook, a company that promotes itself as all about personal connections, to get in on the action. Continue Reading