In case you don’t know, an Open Letter means so that everyone can know what you are telling the person you’re writing the letter to, and a Major RIM(blackberry) shareholder(Jaguar Financial Group, a Canadian merchant bank) has written an open letter to Rim showing their disgust for where the company is, and calls for action that RIM does not want to take! See for yourself!! Tat WZA WZA on Google+
Tech Talk Money: Steve Jobs Resignation Affects Stock Price Already
Earlier this month we reported how Apple took over as the most valuable company in the United States. As you know earlier this evening Steve Jobs stepped down as CEO of Apple Inc and announced Tim Cook would be replacing him. Tim Cook who has covered as CEO during Jobs medical leave of absence is now the CEO of Apple. The markets on the other hand showed how stockholders feel about the move. With a 6% drop during after hours trade Apple stock feel to $357. Check out more on Apple’s stock after the jump. Tat WZA WZA on Google+
Dow Closes Up More Than 400 Points As Stocks Recoup
The markets capped a violent trading session with a sharp comeback as traders scooped up beaten-down stocks and analyzed the Federal Reserve’s pledge to hold interest rates at historically-low levels for the next two years. Hit the jump to read the rest of the story. Funk Flex
Dow Plunges 500 Points
The U.S. stock market joined a sell-off around the world today in the first trading since Standard & Poor’s downgraded American debt. The Dow Jones industrial average fell more than 450 points in afternoon trading. Treasury prices rose – despite S&P’s assessment that they were a riskier investment than the debt of some other countries like Canada and France. Investors still view Treasurys as one of the world’s few safe havens from turmoil in other financial markets like stocks or commodities. Ash_Bankz x TatWZA
