Entrepreneurs are in a danger zone when their activities are incomprehensible to the general public. Profits that appear without obvious explanation are suspect, and the entrepreneur is likely to find public hostility accompanying the suspicion.
A Bigger Day-Trading Brokerage … Great
Just what the world needs — a bigger day-trading brokerage. According to an Associated Press story, “Two brokerage companies that cater to active traders are joining forces to create a company that will be a large player in the day-trading business.” The parties are Schonfeld & Co., the retail-trading unit of closely held Schonfeld Group Holdings, and Lightspeed Professional Trading, a unit of
Cadence Pharma Shares Up Slightly in IPO
Shares of Cadence Pharmaceuticals Inc. rose modestly Wednesday in first-day trading for the drug developer. In afternoon trading on the Nasdaq Stock Market, the stock of the San Diego-based company climbed 29 cents, or 3.2 percent, from its initial public offering price of $9.