Apple’s Steve Jobs On Sick Leave
The co-founder and head of Apple (AAPL) announced that he is taking a medical leave from the company. Tim Cook will run the daily operations, however Jobs will still be CEO. A couple years ago, Jobs had a liver transplant and before that, he was treated for pancreas cancer. Apple was down 6.4% on the [...]
$7.2 Billion Recovered for Madoff Victims
PREET BHARARA, the United States Attorney for the Southern District of New York, ORLAN JOHNSON, the Chairman of the Securities Investor Protection Corporation (“SIPC”), IRVING PICARD, the Securities Investor Protection Act (“SIPA”) Trustee, JANICE K. FEDARCYK, the Assistant Director-in-Charge of the New York Field Division of the Federal Bureau of Investigation (“FBI”), and CHARLES R. [...]
Top Yielding Stocks Selling Below Book Value
Imagine that you own shares of a company that has a million shares that are trading for $10 per share. This would give the company a market capitalization of $10 million. Now further imagine that if you add up all the assets of the company, such as bank accounts, inventory, equipment, and real estate, it [...]