IMCLONE - IMCL
Publicly-traded biotechnology firm that markets products in oncology. In 2002, IMCL made international headlines following the firm’s founder and CEO Sam Waksal was incriminated for insider trading. Briefly after Waksal’s indictment, domestic diva Martha Stewart was also charged of insider trading. Stewart obtained the details from Waksal and her own broker, stating Waksal tried to discard $5 million worth of his shares in the firm on insider information. Stewart traded her shares on data Wasakal attempted to sell his.
POPULAR TERMS
Dow Theory
Theory stipulating the market is in an upward trend if one of its averages accelerates above a previous important high, it is followed by the same ...
Continuity of Business Enterprise Doctrine
Taxation principle, applicable to mergers and acquisitions, stating the acquiring company must either carry on the target firm’s usual busine ...
Refinance Wave
Refinance wave is a period in which a huge number of borrowers refinance mortgages in answer to changes in interest rates. When short-term interest ...
Backup Withholding
Tax which is levied on the investment income, at a fixed tax rate, as the investor pulls it out. Backup withholding aids in ensuring that the gover ...
Activity-Based Budgeting - ABB
A budgeting method wherein the activities that are accumulating costs in the organization's functional areas are recorded and its relationship ...
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