Calamos Supports Greece

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Worst Business Decision Ever? Selling 10% of Apple Shares for $800

Ronald Wayne, a co-founder of Apple made perhaps the worst business decision of recent times by selling 10 percent of his shares for a mere $800 in 1990. A year later, he accepted a final $1,500 (equivalent to $8,000 in...

Demand for Athens Airport Shares Exceeds 8 Billion Euros

Demand by domestic and international investors for shares in Athens International Airport exceeded 8.0 billion euros ($8.7 billion) Greek authorities announced on Friday. According to the country’s privatization agency Hellenic Republic Asset Development Fund (HRADF) the initial public offering of...

George Soros Cashes Out on Elon Musk’s Tesla

Billionaire George Soros cashed out on Elon Musk's Tesla's impressive stock-market rebound this year by selling his entire stake in the first quarter. According to regulatory filings, Soros Fund Management, the financier's hedge fund, liquidated all Tesla shares acquired since...

Would Greek Banks Survive a Global Financial Crisis?

The shares of Greek banks took a hit on Wednesday following fears of a global meltdown after the troubles of banking giant Credit Suisse. Piraeus Bank and Alpha Bank closed with losses of 10.98 percent and 10.39 percent respectively, with...

Credit Suisse Borrows $54bn from Central Bank as Fears of Global Crisis Grow

Banking giant Credit Suisse secured a deal on Wednesday to borrow up to $54bn from the Swiss Central Bank to shore up its finances as authorities try to avert a global financial meltdown. Shares in Credit Suisse fell 24 percent...

Elon Musk Buys 73.5 Million Shares of Twitter

Tesla CEO Elon Musk has taken a 9.2% stake in Twitter, purchasing approximately 73.5 million shares, according to a regulatory filing Monday. Twitter's shares soared higher on Monday after the news emerged. Shares were marked 20% higher in pre-market trading...

Ukraine War Wipes $10 Billion Off Athens Stock Exchange

The Athens Stock Exchange has recorded losses of 13.43 percent while the market's capitalization has fallen by 9.345 billion euros ($10.1 billion) since the Russian invasion of Ukraine. The Large Cap index has fallen by 15.0 percent and the Mid...

Greek Tobacco Giant Papastratos to Give €1 Million in Shares to Workers

Papastratos, Greece's largest tobacco manufacturer and distributor, announced on Thursday that it will give shares worth a total of €1.0 million in its parent company Philip Morris International to its workers. In the statement, the Papastratos company said that it...

Athens Stock Exchange Plunges 15% After Brexit Announcement

The Athens stock exchange plunged 15% after the announcement of the British referendum results in favor of the Brexit on Friday morning. Greece's bourse followed the international downward trend caused by the Brexit. The Athens stock exchange, along with European...