In March 2000, Barron's reported that 51 Internet companies were burning cash so fast that they'd be broke by the end of the end of the year. The article (it's behind a seemingly unbreachable paywall) has acquired the reputation of having marked the end of the dot-com boom. The Nasdaq composite index peaked on March 10 at 5132, and by the end of the month was in a...
Bank of America Corp., the U.S. lender that lost half its market value this year, has sufficient capital to weather mounting costs tied to souring loans, said Richard Bove, an analyst at Rochdale Securities.
Before Meredith Whitney predicted that municipal defaults in 2011 would total “hundreds of billions of dollars” in a Dec. 19 broadcast of CBS Corp.’s “60 Minutes,” several analysts made similar claims that the market would collapse.
New York Times Co. Executive Editor Jill Abramson, who dispatched a team of reporters to investigate the controversy over Mark Thompson’s leadership of the British Broadcasting Corp., said she remains sanguine about his role as chief executive officer of her company.
Mary Meeker predicted a $50 billion online advertising boom in an address at the annual Web 2.0 Summit in San Francisco today. The Morgan Stanley analyst said as well that mobile commerce may gain market share faster than traditional online retailing.