Here’s a story of a company whose stock price rose a staggering 18,025% in one year — from P0.80 in October 1998 to P145.00 in October 1999 — and its consequent crash that almost put the Philippine stock market into collapse. Who is Dante Tan and
As stock traders and investors go gaga over the staggering price increase of the stock of Meralco (Stock Code: MER), several officials of the power distribution company are locking in profits by selling their shares, disclosure reports to the Philippine Stock Exchange (PSE) show. In
Just less than an hour ago, a US federal judge gave the 71-year-old former NASDAQ chair Bernard Madoff the maximum sentence of 150 years in prison for an “extraordinary evil” fraud that demolished the life savings of individuals and investments of charities and pension funds.