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140 letters = $130M

Despite lofty valuations by Twitter insiders of as much as $20 per share -- or $1.3 billion all told -- the company won't be worth that much until at least 2015, market experts said. At best, they added, Twitter is a $2 stock with a market value closer ...

From PAUL THARP, New York Post,  21 Nov 2009

Related Topics: Twitter Inc,  Biz Stone,  U.S. Department of Justice,  Google Inc.,  Microsoft Corporation

Making friends (and money) on Facebook

Facebook's insiders are pumping up the social-networking Web site's value to $9.5 billion in behind-the-scenes trading pools -- but its true value could be harder to peg than just clicking a "confirm trade" button. Facebook remains privately owned by ...

From PAUL THARP, New York Post,  20 Nov 2009

Related Topics: Facebook Inc.,  Microsoft Corporation,  Twitter Inc

Trumps trump claim

Donald Trump's daughter Ivanka is learning first-hand at her father's side the real art of the deal -- or how to pull a win out of defeat. The father-daughter team, who together held the largest single stake in the bankrupt Trump Entertainment Resorts, ...

From PAUL THARP, New York Post,  18 Nov 2009

Related Topics: Donald J Trump,  Trump Entertainment Resorts Inc

14,700 US tax cheats pay up

More than 14,700 Americans hoarding untaxed cash in offshore banks have agreed to disclose and split billions of their secret booty with Uncle Sam to stay out of jail. Most of the tax cheats, or about 12,000, stampeded en masse out of hiding behind ...

From PAUL THARP, New York Post,  18 Nov 2009

Related Topics: Internal Revenue Service

M'soft hardball

Microsoft is playing hardball for the holidays -- in one shot zapping a key feature in 1 million outlawed Xboxes, which will have to be replaced with new consoles. In its biggest single attack on video game pirates, Microsoft permanently banned the ...

From PAUL THARP, New York Post,  17 Nov 2009

Related Topics: Microsoft Corporation,  Activision, Inc.,  Craigslist.org,  eBay Inc.

Buck doesn't stop here: Bernanke

Ben Bernanke has perfected his version of the dollar dance -- lots of flourishes and a little footwork. The Federal Reserve chief yesterday straddled the economic fence as he acknowledged the greenback's troubling slide, but suggested he won't be ...

From PAUL THARP, New York Post,  17 Nov 2009

Related Topics: Ben Bernanke,  Federal Reserve,  Wells Fargo

Madoff pal sues for funds

Investor and philanthropist Stanley Chais is escalating his legal fight to unfreeze $1 billion of his cash that is being claimed for victims of Bernie Madoff's Ponzi scheme. In legal filings yesterday, Chais counter-sued Irving Picard, the trustee ...

From PAUL THARP, New York Post,  14 Nov 2009

Related Topics: Stanley Chais,  Goldman Sachs

Intel writes AMD $1.25B check to settle suit

Intel became the latest major corporation to write a whopping settlement check yesterday, agreeing to pay Advanced Micro Devices $1.25 billion to resolve a lawsuit. The pot of courtroom spoils for settling such wars is swelling to an all-time high this ...

From PAUL THARP, New York Post,  13 Nov 2009

Related Topics: Intel,  AMD,  Advanced Micro Devices, Inc.,  Johnson & Johnson,  Abbott Laboratories

Dodd takes on the Fed

The power that Federal Reserve Chairman Ben Bernanke wields over the US banking system would be significantly diminished under a proposal by Connecticut Sen. Chris Dodd to overhaul the US financial regulatory system. Presented yesterday -- and coming ...

From PAUL THARP, New York Post,  11 Nov 2009

Related Topics: Federal Reserve,  Ben Bernanke,  Christopher Dodd,  U.S. Senate,  Federal Deposit Insurance Corp.

Marts jump on pump

In an about-face, the world's central bankers pledged to keep stimulus dollars flowing in the coming year, spurring broad rallies in stocks, gold, grain and bonds. Stocks soared throughout world's capitals, with the Dow Jones industrial average jumping ...

From PAUL THARP, New York Post,  10 Nov 2009

Related Topics: Dow Jones,  G-20,  Bill King,  United States Department of the Treasury,  RadioShack

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