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Aust market gets weak Wall St lead

Miners lift ASX to higher close
THE Australian share market closed higher buoyed by stronger mining stocks after Wall Street’s overnight improvement sparked by good jobs news.

Read more on The Courier Mail

Aust market gets weak Wall St lead
The Australian share market has received a weak lead from Wall Street where disappointing earnings and economic data put an end to the recent rally.

Read more on The Age

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Friday, August 6th, 2010 Uncategorized Comments Off

Goldman Sachs gets subpoena for records on financial crash

US crisis panel hits Goldman Sachs with subpoenas
A high-profile panel investigating the causes of the financial crisis announced Monday it had subpoenaed Goldman Sachs for failing to cooperate with the probe.

Read more on AFP via Yahoo! News

Goldman Sachs gets subpoena for records on financial crash
WASHINGTON — The congressional panel investigating the causes of the financial crisis said Monday it has subpoenaed documents from Wall Street giant Goldman Sachs because of the company’s failure to voluntarily comply with a request for documents and access to executives for interviews.

Read more on McClatchy Newspapers via Yahoo! News

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Tuesday, June 8th, 2010 Uncategorized Comments Off

What happens to my shares in an OTCBB company when it gets approved for a NASDAQ listing?

I own shares in the company EcoTality (etle.ob). They have just announced they are filing for a NASDAQ listing. I am curious what happens to my etle.ob shares when this happens. Will they be converted over to the NASDAQ listing or will I have to cash them out and reinvest in the new listing?

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Thursday, March 25th, 2010 nasdaq 2 Comments

when a company is delisted on nasdaq what happens when it gets reinstated? Does the shares stay the same ?

I mean lets say I own 300 shares of XYZ. XYZ gets delisted due to bankruptcy. When it re-emerges from bankruptcy and gets reinstated by nasdaq those 300 shares are still valid?
If i had 300 shares before it got delisted will i have 300 when it gets reinstated?

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Tuesday, March 16th, 2010 nasdaq 1 Comment

What happens to your investment when a stock gets delisted from NASDAQ?

So what happens when you buy a stock and it gets delisted from NASDAQ like Spansion? I didn’t buy it. Do you just lose your investment? When it gets delisted it is an OTC stock right? Also lets say you bought it when it ’s an OTC and they go back up to were they were. Can they get put back into NASDAQ? What happens to your investment if that happens?
Sorry SpanKy, but that’s not what delisting means…

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Saturday, March 13th, 2010 nasdaq 4 Comments

Dow Jones Index

The Dow Jones Industrial Average (NYSE: DJI, also called the DJIA, Dow 30, INDP, or informally the Dow Jones or The Dow) is one of several stock market indices, created by nineteenth-century Wall Street Journal editor and Dow Jones & Company co-founder Charles Dow. It is an index that shows how certain stocks have traded. Dow compiled the index to gauge the performance of the industrial sector of the American stock market. It is the second-oldest U.S. market index, after the Dow Jones Transportation Average, which Dow also created. The average is computed from the stock prices of 30 of the largest and most widely held public companies in the United States. The "industrial" portion of the name is largely historical—many of the 30 modern components have little to do with traditional heavy industry. The average is price-weighted. To compensate for the effects of stock splits and other adjustments, it is currently a scaled average, not the actual average of the prices of its component stocks—the sum of the component prices is divided by a divisor, which changes whenever one of the component stocks has a stock split or stock dividend, to generate the value of the index. Since the divisor is currently less than one, the value of the index is higher than the sum of the component prices.
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