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Tag: seller

GE stock is fast recovering, but short seller investigator Harry Markopolos got his digs in

GE stock is fast recovering, but short seller investigator Harry Markopolos got his digs in

Finance
Fraud finder Harry Markopolos took GE stock down more than 11% in one day with a dizzying array of charts and numbers, but also some choice words accusing analysts, ratings agencies and GE's management of Enron-era behaviors.A day later, GE stock rebounded nearly 10% on Friday after GE CEO Larry Culp invested $ 2 million on the dip and analysts came to GE's rescue, mostly calling Markopolos' claims inaccurate or based on old news that was already baked into GE's stock price.Markopolis, known for discovering Bernie Madoff's scheme, accused GE of using fake revenues and earnings, hidden debts and losses, unreadable financial statements, misleading disclosures and other accounting tricks to perpetrate a $ 38 billion fraud. Markopolos also said he wrote his report for an unnamed hedg...
BTS ends 2018 as second top album seller in U.S.

BTS ends 2018 as second top album seller in U.S.

Entertainment
Jan. 8 (UPI) -- K-pop boy band BTS finished the year 2018 as the second-highest album seller in the United States, behind Eminem, U.S. data showed Tuesday. The 2018 report on U.S. Music Industry Consumption by Buzz Angle Music showed BTS sold 603,307 albums last year, coming after the top seller Eminem's 755,027. The BTS sales figure was far more than those by two English-speaking music idols, Justin Timberlake and Ed Sheeran, who sold 432,913 and 409,291 albums, respectively, to rank 10th and 11th. BTS released two albums last year -- "Love Yourself: Tear" and "Love Yourself: Answer" -- which both topped the Billboard 200 album chart, making the septet one of the few musicians to clinch the top spot of the list twice in one year. The third most sold musician by album sales was Chris Stap...