Facebook IPO: Live coverage of Facebook’s first trading day

Shares in Facebook begin publicly trading on the Nasdaq stock exchange for the first time Friday at 11:00 a.m. Follow our live blog as The Star covers the social networking giant’s historic first trading day, including analysis and reaction quick pay day loan.

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Deere fiscal 2Q profit rises, beats expectations

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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Greek President Pitches New Government Plan - Bloomberg

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 […]

Insurer WellPoint’s 1Q profit falls 7.6 percent

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 […]

Don’t be so cheery! Here’s what to worry about

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 […]

Diplomat:Iran nuke talks show progress

Negotiators for Iran and six world powers were making encouraging progress Saturday in bridging differences that have doomed previous meetings meant to reduce fears that Tehran intends to turn its atomic program into making weapons, a diplomat close to the talks said.
With the meeting just breaking for lunch, the diplomat cautioned against premature optimism about […]

Ranks of America’s working poor grew in 2010

The number of working Americans earning so little they lived in poverty reached 7.2 percent of the labor force in 2010, the highest level in at least two decades, the government said on Friday.
The Bureau of Labor Statistics counted 7.6 percent of women among the working poor, compared to 6.7 percent of men. In […]

Fed balance sheet shrinks in latest week

Federal Reserve’s balance sheet contracted slightly in the latest week, Fed data released on Thursday showed.
The Fed’s balance sheet - a broad gauge of its lending to the financial system - stood at $2.861 trillion on March 28, down from $2.8756 trillion on March 21.
The Fed’s holdings of Treasuries totaled $1.665 trillion as of […]

Myanmar Float Helps Exporters Buying Kyat in Black Market - Bloomberg

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Canadian banks cranking out jobs while U.S. banks cut

Canadian banks, bolstered by profits per employee 31 per cent higher than U.S. lenders, added more than 2,800 workers in the most recent quarter while Bank of America Corp. and Washington Mutual Inc. shed thousands of jobs.
For every worker hired at one of Canada