A Chinese investment fund manager has won this year's eBay auction to have lunch with billionaire Warren Buffett. Zhao Danyang of the Hong Kong-based Pureheart China Growth Investment Fund submitted the winning bid of $2,110,100 making it the most expensive charity auction ever held on eBay. All proceeds will go to the Glide Foundation, which provides social services to the poor and homeless in San Francisco. Last year, partners from Aquamarine Capital Management LLC paid $650,100 to dine with Buffett at the Smith & Wollensky steakhouse in New York City.
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June 2008
June 28, 2008
June 27, 2008
Newspapers Unable to Tap Expanded Business Coverage by the Associated Press
The Wall Street Journal's Russell Adams has written an article about the tension between the Associated Press and its dues-paying member newspapers. Over the past four years, AP has added 64 editorial
positions to expand coverage of large companies and financial
markets which better serves its online media customers like Yahoo Finance, MSN Money and CNNMoney.com. However, newspapers looking for local business coverage are having difficulty leveraging this content.
June 24, 2008
CNBC.com and Google Finance Offer Real-Time Stock Quotes from NYSE
The New York Stock Exchange has begun offering real-time stock quotes to major financial portals. CNBC.com and Google Finance will be the first to join the pilot program, each paying up to $100,000 a month to display the data free of charge to its users. The program awaits final approval from the U.S. Securities and Exchange Commission.
June 23, 2008
Dividend.com Launches Stock Dividend Ratings Widget
Dividend.com has launched a widget that can be added to financial websites and blogs to show the ratings of a dividend-paying stock. The widget is intelligently designed to display a blank space if the stock does not pay any dividends.
June 20, 2008
Yahoo Finance Included in Time's Top 10 Essential Websites
Time's Anita Hamilton has compiled a list of Sites We Can't Live Without and has included Yahoo Finance for its deep offering in stock market data and business news. Yahoo Finance recently added real-time stocks from Bats Trading, the first major financial portal to do so.
QuoteMedia Delivers Stock Quotes for Captivate Network
Captivate Network
has partnered with QuoteMedia to provide financial quotes and market data to
more than 2.6 million business professionals that appears on nearly 8,400 wireless,
digital screens located in the elevators of premier office towers in 24
of North America's largest markets. Captivate Network, a subsidiary of Gannett, runs a digital at-work news and entertainment network.
June 12, 2008
Stockgroup to Offer Streaming Data and News to BlackBerry Smartphone Users
Stockgroup Information Systems has unveiled a preview
of its new Stockstream Mobile streaming real-time portfolio
manager application for BlackBerry smartphones. The application gives the individual investor and professional trader access to live
data and news covering 40 global exchanges and all financial
instruments from Reuters.
June 11, 2008
Scottrade Launches Stock Analysis Widget
Scottrade has launched the Scottrade SmartText Widget, a stock analysis tool that can be shared and added to websites and financial blogs. The widget lets users enter a ticker symbol to display three kinds of charts over a one-year period. It is specifically designed to work on services like Windows Live, Netvibes, iGoogle, MySpace, Facebook and Friendster. Scottrade is a leading online brokerage firm offering a full line of investment products.
June 06, 2008
Forbes.com Enhances Online CEO Network
Forbes.com has added more features to its CEO Network, a community
platform where C-level executives can share information, opinions and advice. Executives can now communicate directly with each other while gaining access to more stories and opinion pieces. The password-protected, invitation-only area on Forbes.com is sponsored by technology services provider EDS.
Post-Gazette Cuts Back on Stock Listings in Print
The Post-Gazette has become the latest newspaper to reduce its offering of stock quotes in its print version and to direct readers to the online business section of its website for detailed market data. Through a partnership with AP and MorningStar, the Post-Gazette will let online visitors track local companies and research stocks and mutual funds.
