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The internet is a viral place. One tidbit of information can spread like wildfire and end up in the hands of people who act upon the information that they have received.
If you take October 1st for example, a fake press release was issued saying that …

In an attempt to raise capital, Ford announced today its plan to offer 300 million shares of common stock. The sale of the stocks would be used partly to pay off Ford’s healthcare obligations to the United Auto Workers union as per the terms …

Six Flags is currently holding over a half million dollars in debt. Now the company wants to offer debt holders common stock to pay for the debt.
The company’s stock (NYSE: SIX) closed Friday at 13 cents a share, down 6 cents.
The debt exchange, announced Friday …

Infinity Pharmaceuticals has been testing out a drug called IPI-504 which is supposed to treat refractory gastrointestinal stromal tumors or GIST for short. Today the trials were abruptly called off after data showed that more patients were dying while taking the drug than Infinity was …

A while back, Microsoft was throwing money at Yahoo to try to buy the search engine service. Then Yahoo CEO didn’t want to sell to Microsoft and many stockowners were unhappy about it. Icahn was even considering a proxy at the time.
Time passed and the …