National / International News

Fee-paying schools doubt Wales GCSEs

BBC - Mon, 2014-06-23 22:15
Fee-paying schools in Wales looks set to follow the new GCSE courses for England next year, fearing those set in Wales "lack credibility", BBC Wales learns.

Tasmania forest to remain protected

BBC - Mon, 2014-06-23 22:10
An Australian request to revoke the World Heritage Site status of part of the ancient Tasmanian forest to allow logging is rejected by a Unesco committee.

IRS Head Says No Obstruction Of Congress In Probe

NPR News - Mon, 2014-06-23 22:09

Commissioner John Koskinen brushed aside accusations Monday evening that the agency has obstructed investigations into the targeting of Tea Party and other political groups.

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Explaining the stock split: Some financial gymnastics

Marketplace - American Public Media - Mon, 2014-06-23 22:08

There are plenty of financial advisors out there who recommend that their clients take a hands-off approach to investing, and really only check on their portfolio once a quarter or even once a year.

If you're that kind of person, and you're invested in Apple, your latest stock check might have given you a bit of a jolt. That's because in May, Apple shares hit $600. And today they're at $90.

Hold on ... What? NINETY dollars?

Yes, NINETY. But before you break into a cold sweat, check the number of shares you have.

Back in May, you had 100 shares, each of which was trading at $600. Today you've got 700 shares. That's right, you've got seven times the number of shares. And guess what...$90 is about a seventh of $600.

Quick math check: 100 shares x $600 equals $60,000. Which is what you had in May.

And today? You've got 700 shares x $90, which equals $63,000. So, you've got about the same. Phew! In fact, you've got a little more. Yay!

So whatever happened between then and now seems to have done you a favor.

What happened was a stock split, specifically a seven-to-one stock split, which Apple implemented on June 9. The stock split is an interesting piece of gymnastics designed to please the investing crowd.

Specifically, it's designed to make it easier to invest. Not cheaper, because the value of the investment remains the same, but easier. And that makes sense, if you think about it: The mental hurdle involved in buying multiple shares in a company is easier to overcome if those shares are trading at $90 than if they're trading at $600.

So why don't all companies split their stock? The fact is that many do.

When your individual shares have such a high dollar value that you worry they might deter a sector of the public from buying them, it's worth splitting them. That way, your shares are more accessible to more people, and they may attract more investors. And your shares may go up.

It's strategic. But splitting your stock, purely because you feel your company shares  need a bit of a lift that you might get if they look less expensive, is a fool's errand. That's because there's no guarantee that the shares will go up. They could go down. And if they do go down, then suddenly you have a stock that looks not inexpensive, but cheap. And who wants to be seen in a cheap stock?

Abu Dhabi financing Manchester homes

BBC - Mon, 2014-06-23 22:00
Abu Dhabi United Group, which owns Manchester City football club, will invest in a £1bn plan by Manchester City Council to build new homes.

Ford says talks dates must be set

BBC - Mon, 2014-06-23 21:17
Dates for talks on flags, parades and the past must be finalised this week, says Alliance leader David Ford.

Brazil join the party but how long will they stay?

BBC - Mon, 2014-06-23 21:11
Neymar dazzles as Brazil hit form but doubts remain and tougher tests await if the host nation are to win the World Cup, writes David Ornstein.

Slade star to get freedom of Walsall

BBC - Mon, 2014-06-23 21:00
Former Slade star Noddy Holder is to be given the freedom of Walsall later.

Concerns over safety at Yarl's Wood

BBC - Mon, 2014-06-23 20:47
A whistleblower at Yarl's Wood immigration detention centre has told the BBC he does not think women are safe there.

Jailing 'outrage' and PM 'isolated' - papers

BBC - Mon, 2014-06-23 20:36
The jail terms handed to three journalists by an Egyptian court make front-page news, along with Prime Minister David Cameron's struggles to reform the EU.

India to present budget in July

BBC - Mon, 2014-06-23 20:33
India's new government will present its first federal budget on 10 July, media reports quoting officials say.

VIDEO: Mountain party celebrates Brazil win

BBC - Mon, 2014-06-23 20:14
Julia Carneiro joined Brazil fans partying the night away on Sugar Loaf mountain in Rio de Janeiro.

Google's Nest unveils kit tie-ups

BBC - Mon, 2014-06-23 20:05
Nest is allowing activity wristbands, colour-changing light bulbs and cars to communicate and control its smart thermostats and smoke alarms.

Obama presses Russia on Ukraine arms

BBC - Mon, 2014-06-23 19:57
US President Barack Obama urges his Russian counterpart Vladimir Putin to stop weapons entering Ukraine, after rebels there agree to observe a truce.

VIDEO: League of Legends hits Wembley

BBC - Mon, 2014-06-23 19:57
Newsbeat speaks to players and fans at one of the UK's biggest ever e-sports events.

VIDEO: 100 World Cup goals in 100 seconds

BBC - Mon, 2014-06-23 19:54
Watch the first 100 goals of the 2014 World Cup in Brazil in 100 seconds.

Working-with-children bans falling

BBC - Mon, 2014-06-23 19:50
The number of people barred from working with children in England and Wales because they have committed sex offences has fallen by three quarters in two years, new data says.

Mormons oust 'women priest' backer

BBC - Mon, 2014-06-23 19:07
The Mormon Church has excommunicated a prominent backer of the ordination of women priests for contravening official doctrine, her supporters say.

Call to improve heart op consent

BBC - Mon, 2014-06-23 18:23
Patients must be given clearer information before they undergo a common operation for heart disease, a London cardiologist has said.

Pesticide toll 'impossible to deny'

BBC - Mon, 2014-06-23 18:16
Scientists say the evidence is 'conclusive' that neonicotinoids are causing significant damage to a wide range of beneficial species.
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