Tag: Sold

Companies sold more than $60 billion of their own stock in May

U.S. public companies sold more than $60 billion of their own stock last month, the largest monthly total ever. Why it matters: Like the record $1 trillion of corporate debt issued so far this year, the equity sales show companies are looking to raise cash. But it also indicates many are dubious of the market’s nearly 40% rally since March 23 and are cashing out ahead of a possible pullback. What they’re saying: “Issuers that have seen their stock prices recover are now also taking the perspective that they don’t want to miss this window in case this rebound is ... Read more

Army Private’s Medal of Honor Sold for More than $15,000 by German Auction House

A Medal of Honor awarded to an Army infantryman for heroism during the Spanish-American War has been sold for $14,000 euros, or nearly $15,500, a Munich-based auction house confirmed Thursday. The sale comes after advocates including Texas Republican Sen. Ted Cruz and the National Medal of Honor Museum staged a late campaign to stop the auctioning of the medal, saying it damaged the dignity of the nation’s highest award for combat valor. It belonged to Pvt. Thomas Kelly, who earned it in 1898 while fighting in Santiago, Cuba. Read next: Marine Corps to Shut Down, Cut Back 7 MOSs as ... Read more

Military museum fears building may be sold – cape-coral-daily-breeze.com | News, sports, community info.

As many non-profit organizations face financial peril in the wake of restrictions related to the coronavirus pandemic, a location in Cape Coral full of American history, relics of the past and a gathering spot for our nation’s heroes remains in jeopardy of losing their facility for good. The Southwest Florida Military Museum & Library has been a center for local veterans to gather where they feel safe and have access to the resources they need. Already faced with a tough financial situation due to a state-forced temporary closure and a drop in donations, the organization is now facing having to ... Read more

Kelly Loeffler stock sales: Georgia senator sold at least $18 million more than previously reported

Sen. Kelly Loeffler (R-GA) benefited from stock trades worth millions of dollars shortly before the general public was alerted to the severity of the Covid-19 crisis, selling off shares in industries that have been adversely affected by the coronavirus pandemic and buying shares of companies that have benefited, according to an Atlanta Journal-Constitution (AJC) report published late Tuesday. Loeffler, who sits on the Senate Health Committee, first began selling stocks on January 24 — the same day that committee held a private all-members session on Covid-19 — and continued making trades in late February and early March. According to her ... Read more

Richard Burr, Kelly Loeffler, other senators sold stock before the economy tanked

Multiple US senators are coming under fire for selling off their personal stocks before the coronavirus outbreak cratered the stock market, prompting questions about what they knew — and when. Sen. Richard Burr (R-NC) is under particular scrutiny, after the Center for Responsive Politics and ProPublica reported he sold between $628,000 and $1.7 million of his holdings in mid-February. That’s spurred questions about whether Burr, as the chair of the Senate Intelligence Committee, was acting on classified information about the coming coronavirus threat (something he vehemently denies). But Burr isn’t the only one feeling the heat. Per her financial disclosures, ... Read more

Senate Intel chair sold up to $1.6 million in stock before market crash

Senate Intelligence Chairman Richard Burr (R-N.C.) dumped between $582,029 and $1.56 million of his stocks on Feb. 13, days after writing a Fox News op-ed that said the U.S. is “better prepared than ever before” to face public health threats like the coronavirus, according to ProPublica. Why it matters: Reuters reported on Feb. 27 that as chairman of the secretive committee, Burr had been receiving daily updates from the intelligence community about the outbreak. NPR reported earlier Thursday that Burr struck a much darker tone on Feb. 27, telling a private luncheon of constituents that the coronavirus is “much more ... Read more

For years he sold the military’s version of the Iraq War. Now he’s on a mission to convey ‘the chaos and absurdity of that experience’

I spent four years in the Marines as a combat correspondent. I was a propagandist. Most of the time, the stories I wrote were inconsequential puff pieces. Other times, they were plugs for the current mission, little more than a press release, packed full of “command messages” — the military’s version of buzzwords — just with my byline in place of the phrase “official U.S. Marine Corps statement.” While deployed to Afghanistan in 2010, and again in 2011, the words “Afghan-led” wound up in stories I wrote about patrols where few if any Afghan National Army soldiers were present. In ... Read more