American - Author | January 6, 1973 -
Traditionally, companies have made major announcements before or after the close of trading so that all interested investors and analysts are apprised of the news before trading resumes in their stocks.
Alex Berenson
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Of all the big Internet companies, Yahoo is the most highly valued on a price-earnings and price-sales basis.
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In market valuation, Yahoo is worth about as much Walt Disney and the News Corporation combined.
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Rising interest rates are considered bad for stocks because they raise the cost of doing business and depress corporate earnings and because higher yields make bonds relatively more attractive than stocks to investors.
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For more than two decades, Barry Diller has been among the most respected - and feared - figures in the entertainment industry.
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It's one of the fundamental principles of the stock market: When interest rates go up, stocks go down. And along with financial companies and cyclicals, technology companies - with their sky-high price-to-earnings multiples - should be among the biggest losers in an environment of rising rates.
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Of course, the discounting of future earnings should hurt all stocks. But it should hurt technology stocks more than others, because so many of them are valued at extremely high levels relative to their current earnings.
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Robert M. Morgenthau, the Manhattan district attorney, has seen a few financial schemes in his time. As the lead local prosecutor in the world's financial capital, he has battled frauds like the Bank of Credit and Commerce International, which stole billions of dollars from investors worldwide.
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For a spy novelist like me, the Edward J. Snowden story has everything. A man driven by ego and idealism - can anyone ever distinguish the two? - leaves his job and his beautiful girlfriend behind. He must tell the world the Panopticon has arrived. His masters vow to punish him, and he heads for Moscow in a desperate search for refuge.
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Mr. Snowden did not start out as a spy, and calling him one bends the term past recognition. Spies don't give their secrets to journalists for free.
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Did anyone in the White House or the N.S.A or the C.I.A. consider flying to Hong Kong and treating Mr. Snowden like a human being, offering him a chance to testify before Congress and a fair trial?
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Fannie Mae has never publicly disclosed how much money it could lose if interest rates rose 1.5 percentage points in a very short period of time.
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