Wall Street

5:38am

Thu February 20, 2014
Planet Money

What It Was Like To Be A Wall Street Recruit After The Bailouts

Originally published on Thu February 20, 2014 8:05 am

John Angelillo UPI/Landov

Back in 2012, reporter Kevin Roose went undercover at a very exclusive party.

It was a dinner for a secret society, held once a year, at the St. Regis hotel in New York City. The secret society is called Kappa Beta Phi, and it's made up of current and former Wall Street executives — people like Michael Bloomberg, former heads of Lehman Brothers, Bear Stearns, Goldman Sachs. And every year the group holds a dinner to induct new people into the group — they're called neophytes.

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3:01am

Fri January 10, 2014
Movie Interviews

A 'Wolf' On The Loose, And Loving The Carnage

Originally published on Fri January 10, 2014 11:44 am

Other people's money: Leonardo DiCaprio plays high-living stock swindler Jordan Belfort in The Wolf of Wall Street.
Paramount Pictures

Leonardo DiCaprio was born in Los Angeles, an only child whose father worked in comics and named him after artist Leonardo da Vinci. DiCaprio began his career as a child actor, appearing in TV commercials and shows before transitioning to films.

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10:27am

Thu October 3, 2013
Business

Tesla's Stock Gets Burned After Car Fire And Downgrading

Originally published on Thu October 3, 2013 11:26 am

A Tesla Model S at the 2013 North American International Auto Show in Detroit on Jan. 15.
Stan Honda AFP/Getty Images

High-flying billionaire Elon Musk's Tesla Motors has seen its shares skid the past couple days because they've been downgraded by analysts and because of a YouTube clip showing one of the all-electric luxury cars engulfed in flames earlier this week.

Just before noon ET, a share of Tesla was trading around $169.50 — down about 6.5 percent for the day and $25 (13 percent) below its 52-week high of $194.50.

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3:32pm

Thu September 12, 2013
Business

Twitter Says It Intends To Go Public

Originally published on Thu September 12, 2013 3:45 pm

In this Nov. 8, 2011, photo, NASA fan David Parmet signs his name on a Twitter logo during a tweetup event for about 50 of NASA's Twitter followers at the Langley Research Center in Hampton, Va.
Brock Vergakis AP

After much speculation, Twitter announced its intention to be traded as a public company, on Thursday.

Naturally, the 200-million-user microblogging service made the announcement through a tweet:

While pondering an announcement, USA Today reported that this initial public offering would be watched very carefully by other tech companies looking to take the plunge. The paper added:

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8:31am

Tue September 10, 2013
Business

Alcoa's Out & Nike's In As Dow Industrials Gets A Facelift

Originally published on Tue September 10, 2013 9:36 am

The Nike "swoosh" on a store in Orlando, Fla.
Getty Images

There aren't many better signs of how much the U.S. economy has changed in recent decades or how some companies are faring than this news:

Alcoa, Hewlett-Packard and Bank of America are being dropped from the Dow Jones Industrial Average in favor of Nike, Visa and Goldman Sachs.

The changes take effect when trading opens on Sept. 23.

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