Yahoo! Finance News – Stan Humphries, Clearwire Corp, Nick Colas, NYC, Exxon Mobil Corp, Why House Flippers Might Get Hosed
House flippers helped generate the real-estate frenzy from 2003 to 2006. Some flippers made a killing, but in general they added to the froth that eventually pushed the housing market over the edge.
Crest urges Clearwire ditch Sprint deal after Dish bid
Crest Financial, one of the biggest minority shareholders in Clearwire Corp, urged the wireless company to recommend against Sprint Nextel Corp’s buyout offer after Dish Network Corp made a counter bid.
Growth Stocks Will Rule Again in a Post Guantitative Easing World: Colas
Nick Colas of the ConvergEx Group says that, Now is the time for investors to start positioning themselves for a post-stimulus world. “Just because a sell-off seems obvious doesn’t mean it’s not going to happen”
Letters to NYC Mayor Test Positive For Ricin
New York City police say two anonymous letters sent to Mayor Michael Bloomberg contained traces of the deadly poison ricin. The threatening letters were opened in New York at the city’s mail facility and in Washington at the headquarters of the nonprofit started by Bloomberg, Mayors Against Illegal Guns.
Chevron, Exxon Investors Sustain Calls for Fracking Disclosure
About 30 percent of shareholders of both Exxon Mobil Corp and Chevron Corp backed calls for more disclosure surrounding their use of hydraulic fracturing.