Wall Street Flat Heading Into Holiday Weekend (FB, TLB)
Wall street finished the week on a flat note as investors look ahead to the long Memorial Day Weekend. Some good news came on the domestic front as consumer sentiment continues to rise, reaching it's highest point since 2007. In corporate news, Talbots (TLB) shares plunged after takeover negotiations halted with no resolution. Apple (AAPL) Chief Tim Cook says he will forgoe $75 million in dividends he is owed, an attempt to set an examples for other highly paid executives.And investors are still fuming over Facebook's (FB) less than stellar IPO one week ago.
Word on the Street
- Markets end flat heading into holiday weekend.
- Consumer sentiment hits its highest point in the US since 2007.
- One week later, investors still furious over Facebook (FB) IPO.
- Shares of Talbots, Inc. (TLB) plunge after buyout negotiations end without a deal.
- The SEC charges manager of Absolute Funds Advisors and Absolute Fund Management with fraud.
- Apple (AAPL) exec Tim Cook passes up $75 million in dividends.
- Dell (DELL) profit plummets, shares follow.
Published on May 25, 2012By InvestorGuide Staff