Wall Street Journal By Tomi Kilgore DOW JONES NEWSWIRES Stocks leaned to the downside, putting the market on track to suffer the worst week of the year, as optimism surrounding Facebook faded after the shares debuted for trading. The Dow Jones Industrial Average lost 14 ...
San Francisco Chronicle May 18 (Bloomberg) -- US stocks swung between gains and losses, with the Standard & Poor's 500 Index paced for its longest weekly drop since November, as Facebook Inc.'s debut failed to inspire optimism after its initial public offering.
TheStreet.com By AP 05/18/12 - 01:34 PM EDT "We need a high price for it to work, but not uncomfortably so -- because that would be a deal hijacked by a frenzied public. By Jim Cramer I received some shares and I will definitely be inclined to do some flipping into ...
Reuters By Carolyn Cohn LONDON May 18 (Reuters) - The European Bank for Reconstruction and Development said on Friday it appointed senior UK civil servant Suma Chakrabarti as the bank's first British president for the next four years.
Bloomberg Facebook Inc. (FB) underwriters purchased the company's stock to keep it from falling below $38 a share after debuting on the Nasdaq Stock Market, people with knowledge of the matter said. The bankers supported the stock after Nasdaq OMX Group Inc.
Reuters * CME to decide when to begin longer trading cycle * Exchange had requested quick approval from CFTC * CFTC set to approve plan after CME modified it CHICAGO, May 18 (Reuters) - The Commodity Futures Trading Commission is set to approve later on Friday ...
BusinessWeek By Bruce Einhorn on May 18, 2012 On Thursday, the same day Mark Zuckerberg's company announced it had raised $16 billion in the biggest IPO by a technology company, Japanese ecommerce company Rakuten announced it is leading a group to invest $100 ...
Reuters * Euro lifts off four-month low vs dollar * Greek politics, Spanish bank problems still weigh on sentiment NEW YORK May 18 (Reuters) - The euro rose from a four-month low against the dollar on Friday as investors pared bets against the single currency ...
Bloomberg Winnebago Industries Inc. (WGO), the biggest US maker of motor homes, said it hasn't received “sufficient information” from North Street Capital LP about the firm's $321 million takeover bid. Winnebago received Greenwich, Connecticut-based North ... Wall Street Journal
Wall Street Journal By Christian Berthelsen Of DOW JONES NEWSWIRES NEW YORK -(Dow Jones)- Oil futures trended lower again in Friday trading, on pace for a sixth consecutive decline to another 2012 low. Light, sweet crude for June delivery fell 38 cents, or 0.4%, ...
Washington Post May 18 (Bloomberg) -- US stocks were little changed, after a five-day slump in the Standard & Poor's 500 Index, as Facebook Inc.'s trading debut tempered Europe's debt concern. Facebook is set to start trading today after a record initial public ...
TheStreet.com By Forbes 05/18/12 - 10:55 AM EDT By ETFChannel.com "We need a high price for it to work, but not uncomfortably so -- because that would be a deal hijacked by a frenzied public. By Jim Cramer I received some shares and I will definitely be inclined to ...
Forbes What did he know, and when did he know it? (Image credit: Getty Images via @daylife) Even as I was writing a piece Monday morning about the inevitability of securities-fraud lawsuits over JPMorgan Chase's $3 billion trading mess, lawyers were busily ...
Forbes What did he know, and when did he know it? (Image credit: Getty Images via @daylife) Even as I was writing a piece Monday morning about the inevitability of securities-fraud lawsuits over JPMorgan Chase's $3 billion trading mess, lawyers were busily ...
Bloomberg Facebook Inc. (FB)'s value jumped 13-fold in private trading in the four years before its initial public offering yesterday, based on data from SecondMarket Inc. Trading starting in April 2008 valued the company at $8.1 billion, SecondMarket said today ...
Wall Street Journal By Matt Day Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--Gold futures prices Friday continued their rebound from this week's 10-month lows, as traders closed out bets on lower prices after the dollar's rally lost steam on some disappointing US economic ...
Wall Street Journal By Min Zeng Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--After sizzling over the past few sessions, Treasury bonds pulled back Friday, putting a halt, at least for now, to what some have seen as the benchmark 10-year note's sprint to record-low yields.
TheStreet.com By Forbes 05/17/12 - 11:50 PM EDT By John Dobosz "We need a high price for it to work, but not uncomfortably so -- because that would be a deal hijacked by a frenzied public. By Jim Cramer I received some shares and I will definitely be inclined to do ...
Bloomberg Canada's dollar gained for the first day this week versus its US counterpart as data showed consumer prices rose more than forecast, bolstering the argument for the central bank to raise interest rates this year. The currency advanced earlier after ... Wall Street Journal
Bloomberg India's benchmark bonds completed a third weekly gain on speculation the central bank's purchases of sovereign debt will spur demand. The Reserve Bank of India bought a total 111.3 billion rupees ($2.04 billion) of notes maturing in 2018, 2021, ... Wall Street Journal
San Francisco Chronicle May 18 (Bloomberg) -- The euro touched a four-month low against the dollar as German Finance Minister Wolfgang Schaeuble said financial market turmoil may last another two years, adding to concern Europe's crisis is worsening.
Reuters * Poll shows Greece electing pro-bailout government * But concerns that Athens may leave the euro remain * Bunds hit new highs; Spanish, Italian curves flatten By Marius Zaharia LONDON, May 18 (Reuters) - German government bond yields hit record lows ...
Wall Street Journal By Ira Iosebashvili Of DOW JONES NEWSWIRES MOSCOW (Dow Jones)--Russian stocks and the ruble hit multi-month lows Friday, dragged down by weaker oil prices and sovereign debt worries in Europe. At 1026 GMT, the benchmark Micex index was down 0.2% at ...
Wall Street Journal By CHRISTOPHER BJORK And DAVID ROMAN MADRID—Bad debts held by Spanish banks rose to a 17-year high in March and the cost of insuring the debt of two major Spanish banks against default hit a record Friday a day after the sector was hit by a downgrade, ...
Bloomberg Tokyo Electric Power Co. (9501) plans to sell as much as 370 billion yen ($4.7 billion) of private placement bonds, diluting the guarantees that back the utility's about 4.3 trillion yen of publicly sold notes. The facility will include 170 billion yen ...
Reuters US stock index futures pointed to a slightly higher open on Wall Street on Friday, with futures for the S&P 500 and the Dow Jones up 0.2 percent and Nasdaq futures up 0.3 percent at 4:41 am EDT. Japan's Nikkei average .N225 dived 3 percent on Friday to ...
Reuters US stock index futures pointed to a slightly higher open on Wall Street on Friday, with futures for the S&P 500 and the Dow Jones up 0.2 percent and Nasdaq futures up 0.3 percent at 4:41 am EDT. Japan's Nikkei average .N225 dived 3 percent on Friday to ...
Wall Street Journal By ESTHER FUNG SHANGHAI—Average property prices in 70 Chinese cities declined in April on a year-on-year basis for the second straight month, as developers cut prices to boost flagging sales amid a two-year government campaign to cool the real-estate ...
Reuters * Euro falls to 4-mth low vs dollar, eyes 2012 low * Broad demand for safe havens boost dollar and yen * Greek politics, Spanish bank woes weighing on sentiment By Nia Williams LONDON, May 18 (Reuters) - The euro hit a four-month low against the dollar ...
Wall Street Journal By Michele Maatouk LONDON (Dow Jones)--European stocks were set for a weak opening Friday, with investors likely to flock to the safety of bunds and gilts, following Moody's downgrade of several Spanish banks and Fitch's downgrade of Greece's credit ...
