The SEC accuses "unknown traders" of having advance word of the deal and buying options a day ahead of the news to make "risky bets" that Heinz's stock price would rise. Both the size and the timing of the trades raised suspicions at the SEC.
According to the government, the traders made more than $1.7 million when Heinz's stock soared almost 20 percent after the merger was announced publicly.
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Is this the same Heinz who's family that your new Secretary of State John Kerry is married into?
According to the government, the traders made more than $1.7 million when Heinz's stock soared almost 20 percent after the merger was announced publicly.
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Yep. Could pull in a cool $1 million.
ReplyDeletehttp://www.businessweek.com/news/2013-02-14/teresa-heinz-kerry-s-3-million-in-heinz-stock-grew-20-percent
ReplyDeleteYes. Yes it is. And Heinz announced it was making inroads into the developing world, State's current focus.
Move along: Nothing to see here.
The one and the same. Teresa Heinz Kerry. I refuse to buy anything that has Heinz on it.
ReplyDeleteOK, I am a lurker, but just wanted to confirm that, yes, it IS one and the same. Any bets on anyone involved here being indicted on anything? Not a fan, but if I were Martha Stewart, I'd be pissed.
ReplyDeleteThat was one of them wreckatorial questions.
ReplyDeleteWall street is nothing but a ponzi. The only reason it is at the level it is at is by benji bucks and government non-intervention- if you are the major players...
ReplyDeleteA major correction is due and coming. You have to watch your holdings like a hawk and basically day trade to try and keep what you have. Gold and silver is still the best hedge...
This is from Bloomberg as they report on an email from a Walmart insider.....In case you haven't seen a sales report these days, February MTD sales are a total disaster," Jerry Murray, Wal- Mart's vice president of finance and logistics, said in a Feb. 12 e-mail to other executives, referring to month-to-date sales. "The worst start to a month I have seen in my ~7 years with the company." So, there you have it; our nations largest retailer and employer saying its sales are in the shithole. Who do you believe?
So they hype up everything is fine. The politicians, bankers and media are master's of illusion. David copperfield has nothing on these clumps.
@wrench
DeleteI hope you follow zero hedge.