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Author Archives: Ben Rooney
  • 5 businesses Rupert Murdoch loved and lost

    Rupert Murdoch has bought and sold more companies than anyone can remember on his way to building a vast media empire. But not all of those companies have stood the test of time.

    Murdoch sent shockwaves through the entertainment industry Wednesday after 21st Century Fox (FOXA) disclosed that it had offered to buy Time Warner for the premium price of $85 billion.

    Time Warner (TWX), which owns CNN and CNNMoney, rejected the MORE

    - Jul 16, 2014 1:17 PM ET
  • Here's how people watched the World Cup at work

    At least 1.7 million people watched the U.S. soccer team play Germany in the World Cup this afternoon, according to ESPN.

    Many of them were watching at work, according to Twitter.

    On board Air Force One, President Obama took time out from running the country to cheer on the home team. He could hardly contain his enthusiasm.

    President Obama watches the USA vs Germany World Cup game aboard Air Force One enroute to MORE

    - Jun 26, 2014 4:01 PM ET
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  • Want to make a lot of money? Be a bank CEO

    In 2013, it paid to be the boss of a bank.

    The CEO of Wells Fargo, John Stumpf, received $19.3 million last year. That includes base pay, bonus, stock options and long-term incentive awards if Stumpf hits his targets.

    Stumpf won the highest paid bank CEO prize, according to a study of regulatory filings by SNL Financial, but you don't have to be the head of a mega-size financial group to rake MORE

    - Jun 10, 2014 12:13 PM ET
  • World Cup: Goldman Sachs betting on Brazil victory

    If you want to put money on the World Cup, Goldman Sachs has some advice for you.

    The Wall Street bank on Wednesday released a statistical model for predicting the outcome of the 2014 World Cup, which kicks off June 12 in Brazil.

    Based on a study of international soccer matches since 1960, the football/soccer fans at Goldman expect Brazil, Germany, Argentina and Spain to reach the semifinals.

    Brazil is the favorite to MORE

    - May 28, 2014 11:22 AM ET
  • SEC: Just say no to pot stocks

    Marijuana may be legal in some states, but regulators say investors should use moderation when buying pot stocks.

    The Securities and Exchange Commission issued an alert Friday about the risk of fraud in thinly-traded shares of companies involved in the legal marijuana business.

    The SEC warns that "fraudsters" may be using the excitement about the boom in recreational marijuana in states where the drug has been legalized, such as Colorado, to dupe MORE

    - May 16, 2014 12:55 PM ET
  • Sallie Krawcheck's 10 tips for succeeding on Wall Street

    Sallie Krawcheck was one of the most powerful women on Wall Street before she left her job as president of wealth management at Bank of America (BAC) in 2009.

    These days she's helping to promote diversity in finance through a network of 30,000 female professionals, known as 85 Broads. (Krawcheck plans to change the name, which refers to the address of Goldman Sachs' former headquarters.)

    Speaking at an event hosted by the MORE

    - May 9, 2014 11:18 AM ET
  • Twitter stock plummets 18% to new low

    Twitter is trending today on Wall Street, but for all the wrong reasons.

    Shares of the social media site tumbled to a new low Tuesday, the first day that company insiders were allowed to sell the stock following the company's initial public offering.

    The stock dropped 18%, sinking below $32 a share for the first time since Twitter (TWTR) began trading last November.

    The sell-off comes at the end of a six-month "lock-up" MORE

    - May 6, 2014 4:12 PM ET
  • Ackman takes another swing at Herbalife

    Bill Ackman launched his latest attack against Herbalife on Friday, releasing a highly critical video about the company at an event in New York.

    The billionaire hedge fund manager, who stands to gain $1 billion if Herbalife's (HLF) stock price collapses, unveiled the 13-minute video featuring interviews with former distributors who say they were victimized by the company.

    Ackman, who spoke briefly at Friday's event, said his Pershing Square hedge fund is MORE

    May 2, 2014 2:43 PM ET
  • Bill Gross wants you to sneeze -- and make money

    Bond king Bill Gross enjoys a good sneeze.

    The Chief Investment Officer of Pimco (PTTRX), which has nearly $2 trillion in assets under management, writes fondly of this bodily function in his latest investment outlook, which is titled "Achoo!"

    Gross says the explosion of air from his nose is "sort of half erotic," though he admits that "there can be an embarrassing aftermath."

    In more civilized times, people used to carry something called MORE

    - Apr 30, 2014 1:56 PM ET
  • Chipotle's 'Burrito boom' continues, but prices are going up

    The burrito business is booming, but rising commodities prices are taking a bigger bite.

    Chipotle Mexican Grill (CMG) is proving to be one of the best at bringing Tex-Mex to the masses.

    The fast food restaurant chain earned $83.1 million, or $2.64 per share, in the first quarter.

    That fell short of analysts' expectations, but the restaurant touted its strong sales. Even the winter weather didn't hurt demand for burritos and tacos.

    Chipotle shares MORE

    - Apr 17, 2014 9:40 AM ET
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About This Author
Ben Rooney
Ben Rooney
Staff writer, CNNMoney

Ben Rooney is a staff writer for CNNMoney. He covers the European debt crisis and other international finance stories, in addition to writing about stocks, bonds, investing and other Wall Street-related news. Follow Ben on Twitter: @ben_rooney

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Stupid Stock Move of the Day
#StupidStock Move of the Day! Yes, Urban Outfitters may be finally turnings things around. But $URBN up 17%? Seems a bit excessive, no?
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