Word: fells
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...stock price dropped 5% - but Raj Rajaratnam made $9 million. Allegedly, the New York hedge-fund manager had gotten a tip that Google's earnings would be below expectations, so he was prepared with short positions and put options that would become more valuable as the stock price fell. The alleged source of the tip: an employee at an investor-relations firm that helped Google announce its earnings who wanted to be paid for similar informational gems in the future. (See 25 people to blame for the financial crisis...
...Rajaratnam is a major foreign investor in the Colombo bourse individually as well as through Galleon. Rajaratnam has stakes in at least six banks listed in the bourse and in John Keells Holdings, the largest publicly traded company in the $10 billion market. The market fell 1.6% on Monday, the first day of trading after the Rajaratnam arrest. Brokers said the slide was a knee-jerk reaction to the arrest and could be weathered. "Sri Lanka is the flavor of the month and a lot of first-time international investors are coming in," says Murtaza Jafferjee, managing director...
...Saturday, the Crimson fell to Fordham, 12-7, in its last conference matchup, evening its record...
...team came out strong and was in good position at halftime. But things fell apart in the second half, in which Harvard was outscored...
...first snow fell on the Charles River Sunday afternoon, the Radcliffe women’s lightweight and heavyweight crews competed in the 45th Annual Head of the Charles Regatta. The Black and White lightweight varsity eight earned a top-five finish with a time of 18:26.343, while its second varsity eight counterpart finished in 19:01.044, good for 11th place in the 14-boat race...