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Tag Archives: earnings
Desmond Hatchett: Man With 30 Kids Requests Child-Support Break
Obama Government Rule Cracks Down on For-Profit Colleges
Can Hollywood Afford to Make Films China Doesn’t Like?
UPS’ Road to Recovery
Box Office: Hop Bounds Over Arthur in the Battle of the Brands
Insider-Trading Bust: Rajaratnam, Hedge Funds in Spotlight
On July 19, 2007, Google reported earnings that were lower than what analysts had expected, and the tech company’s 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