George Lucas Just Made $4 Billion Without Any VC Money
Follow The Daily Ticker on Facebook An entrepreneur by the name of George Lucas just cashed out of the company he founded and built: Lucasfilm . Unlike many entrepreneurs who build companies these days, George Lucas didn't raise any VC money. And that means he gets to keep the whole check Disney wrote for his company, which was for a not-inconsequential $4 billion
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Price Gouging Dings Consumers Amid Hurricane Frenzy
Millions of Americans set out to buy emergency supplies in the days ahead of Hurricane Sandy. Those buying essentials such as gas, food, water, batteries and generators expected to dip into their savings and spend more money than usual — but they did not expect to overpay
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Shiller: Housing Likely Has Bottomed, but Ample Worries Remain
Yale University economist Robert Shiller believes housing might have seen the lowest point it will for some time, but the health of the job market will be the key factor in the future direction of home prices. Shiller offered his comments as a housing price measure he helped create, the Standard & Poor's/Case Shiller index , revealed that prices for homes in the U.S. rose 2% in August vs.
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Atlantic City Casinos Shuttered Amid Sandy Fallout
Atlantic City was pummeled by Hurricane Sandy on Monday, and the full damage to the Jersey Shore gambling capital is still being assessed. As New Jersey Gov
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Sandy Grounds Thousands of Flights but Analysts Say Airline Stocks Will Weather the Storm
Follow The Daily Ticker on Facebook Thousands of airline flights to and from the east coast of the United States have been grounded as a result of Hurricane Sandy, which threatens to be one of the worst ever to hit the East Coast.
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Hurricane Sandy: Economic Impact Could Exceed $10 Billion a Day
Follow The Daily Ticker on Facebook Hurricane Sandy moved closer to the New Jersey coastline Monday morning and was expected to pummel shore communities with 85 miles per hour wind, extreme tides and severe flooding later this afternoon. The National Hurricane Center has warned nearly half a dozen states including New York, Virginia, Connecticut and Pennsylvania to prepare for what many are calling a "Frankenstorm" — a frightening mix of rain, snow and wind that's part hurricane, part nor'easter. More than 60 million Americans are likely to be impacted by Sandy and experts are already forecasting damages in the range of $2 billion to $100 billion.
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Hurricane Sandy: Pre-Storm Mayhem Hits NYC Whole Foods
Follow The Daily Ticker on Facebook Hurricane Sandy is barreling towards the North East Coast and expected to make landfall in New York and New Jersey Monday evening. In preparation for the massive storm, which is being hailed as the largest in 100 years, residents in Manhattan rushed to Whole Foods stores across the city over the weekend.
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Facebook Lock-Ups Just Expired: Insiders Can Now Shovel Stock Out Door
In the accompanying interview, my colleague Aaron Task and I discuss Facebook's latest earnings report with Sterne Agee analyst Arvind Bhatia who estimates that Facebook could soon make $1 billion in revenue from mobile advertising. Follow The Daily Ticker on Facebook The first of three major "lock-ups" for Facebook stock expired today, October 29th, which means that a lot of new stock is available to be sold when the markets reopen
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A Romney Win Would “Overall Be Better,” Rosenberg Says…With Caveats
Follow The Daily Ticker on Facebook Coming into the homestretch of a hotly contested election, conventional wisdom is that a Mitt Romney victory would be better for the stock market, largely because of his plan to cut taxes on capital gains and dividend, as well as for corporations. In addition, the U.S.
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Stronger Than Expected 3Q Growth Weak By Historical Standards: David Rosenberg
Follow The Daily Ticker on Facebook The U.S. economy picked up some steam in the third quarter. The Commerce Department reported that GDP grew at a 2% annualized rate from July to September.
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