“Corporate finance” on The Daily Caller

NEW YORK (CNNMoney) — Banks have found a new revenue stream — and this time, it doesn’t involve hitting you up with a new fee. (more)

When a government sells stock in a company, it is usually trying to maximize short-term revenue. Therefore, the share price is normally pegged at what the market will bear. If the valuation of the total stock offering is less than the value of the company (or a portion thereof) being sold, something is amiss. That is certainly the case with the initial public offering of GM stock sold to investors on November 17. The stock price is telling us something the federal government doesn’t want to admit, all the rhetoric about the supposed success of the GM bailout notwithstanding. (more)

Apple Inc. shares reached a new milestone Wednesday, trading above $300 for the first time, as the electronics giant prepares to report quarterly results and preview a new operating system next week. (more)

We skeptics of free trade are used to being told, “You don’t understand economics.”  In fact, one major reason I wrote the book Free Trade Doesn’t Work was simply to expose, once and for all, that there do exist extremely serious and intellectually reputable arguments, within the confines of accepted mainstream economics, which question free trade.  And indeed they exist. (more)

All summer, analysts said stocks would drift until taking direction in mid-September. But the ides of the month have passed, and the market is still flat. (more)

U.S. stocks finished lower on Thursday, with disappointing corporate results and a Fed official’s warning on deflation sapping some of the optimism drawn from earnings season and the market’s strong gains in July. (more)

Berkshire Hathaway Inc. shareholders have approved splitting the company’s class B shares 50-fold as part of the company’s $26.3-billion US acquisition of Burlington Northern Santa Fe Corp. (more)

At the end of last year, the US Treasury proudly announced a $936 million gain from the sale of rights, called warrants, to buy common shares of JP Morgan at a price much lower than its current price.  These warrants were received by Treasury during the fall of 2008 in connection with its purchase of $25 billion in preferred stock of JP Morgan.  After JP Morgan redeemed the preferred stock a few months ago, the Treasury and the bank agreed to auction off the warrants to the highest bidder. (more)