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 16th, 2012
Deere is posting a 17 percent spike in profits for the second quarter is raising its outlook for the year, with farm receipts expected to hit historic heights.
The company beat Wall Street expectations on net income and revenue, posting a profit of $1.06 billion, or $2.61 per share, up from $904 million, or $2.12 per […]
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Filed under: finance, marketing by Guru
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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 8th, 2012
You might think that scoring a stake in Facebook’s initial public offering if you are an average investor is like trying to change your privacy controls on the social networking site — seemingly impossible.
But it turns out that Facebook is making an effort to have some of its hotly sought after shares accessible to […]
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May 6th, 2012
Greeks angered by a vicious and protracted financial crisis punished their two main parties in national elections Sunday, with exit polls projecting no party gaining enough votes to form a government.
The conservative New Democracy party appeared the most likely to win the top spot, while the extreme right-wing Golden Dawn seemed set to gain parliamentary […]
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May 5th, 2012
European Central Bank President Mario Draghi left open the option of further stimulus if the economy continues to deteriorate as investors await the outcome of elections in Greece and France.
While policy makers didn
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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 27th, 2012
More Americans than forecast filed applications for unemployment benefits last week and consumer confidence declined by the most in a year, signaling that a cooling labor market may restrain household spending.
Jobless claims fell to 388,000 from a revised 389,000 the prior week that was the highest since early January, Labor Department figures showed today […]
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April 25th, 2012
WellPoint says its first-quarter net income fell nearly 8 percent as enrollment slipped and expenses rose, but the health insurer raised its earnings forecast for 2012.
The Indianapolis company says it earned $856.5 million, or $2.53 per share, in the three months that ended March 31. That’s down from $926.6 million, or $2.44 per share, in […]
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April 22nd, 2012
It’s tough being a sourpuss these days.
The birds are singing and flower blooming. The Cardinals are winning.
The stock market is up 9.6 percent this year. Unemployment is coming down, slowly, and the American economy is heating up, slowly.
If things keep up like this, we grouches may be tempted to smile. Perish the thought! The ache […]
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