May 18th, 2012
Taking a company public isn’t as simple as collecting Facebook friends.
Even if the company is Facebook.
When the social media company’s stock starts trading Friday under the symbol FB, buyer demand is expected to explode. At its initial offering price of $38 a share, the 8-year-old upstart is worth $104 billion. That’s more than such giants […]
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May 15th, 2012
Greek President Karolos Papoulias proposed a government of prominent non-politicians to steer the country and avert new elections as doubts mount that Greece can avoid an exit from the euro area.
Papoulias will call a meeting of all leaders of parties represented in parliament except for an ultra-nationalist party for 2 p.m. in Athens tomorrow […]
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May 13th, 2012
Treasuries had the longest streak of weekly gains in more than 13 years after elections in France and Greece added to concern governments may struggle with deficit- cutting plans used to combat the region
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May 3rd, 2012
European stocks remained firm Thursday after cash-strapped Spain got through another set of bond auctions unscathed and the European Central Bank kept interest rates unchanged.
The Spanish Treasury said it raised (EURO)2.52 billion ($3.3 billion) in 3- and 5-year bonds, slightly above the target range of (EURO)1.5 billion to (EURO)2.5 billion. However, it did have to […]
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April 28th, 2012
German Chancellor Angela Merkel’s refusal to amend a European treaty on fiscal discipline with measures to promote growth in struggling EU countries might delay the deal’s ratification in Germany, an opposition leader said.
The Social Democrats’ caucus leader Frank-Walter Steinmeier told the Sueddeutsche Zeitung daily on Saturday that his party also wants a financial transaction tax […]
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April 18th, 2012
JAKARTA
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April 13th, 2012
The European Central Bank will restart its controversial government bond purchases rather than offer banks another round of unlimited three-year loans as the sovereign debt crisis worsens, a survey of economists shows.
Of 22 economists polled this week, 17 predicted the ECB will be forced to resume the Securities Markets Program (ECBCSMP), while only one […]
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April 10th, 2012
Instead of curbing government spending, President Barack Obama’s healthcare law could add up to $530 billion to the federal debt over ten years, a Republican expert on U.S. government benefit programs said on Tuesday.
A study by Charles Blahous, a George Mason University research fellow and the Republican trustee for the Medicare and Social Security […]
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April 7th, 2012
The city of O’Fallon, Mo., hired Michael Hurlbert as its new economic development director.
Hurlbert is joining O’Fallon from the planning, architecture and design firm of Peckham, Guyton, Albers & Viets Inc., where he was senior project manager since September 2008.
Previously, he was the city planner and economic development administrator for Creve Coeur from 2004 to […]
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April 4th, 2012
While the rest of us have to wait until June, the justices of the Supreme Court will know the likely outcome of the historic health care case by the time they go home this weekend.
After months of anticipation, thousands of pages of briefs and more than six hours of arguments, the justices will vote on […]
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