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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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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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Spain will need to strike a delicate balance as it seeks to clean up the banking sector in the midst of a sovereign debt crisis and economic recession.
The government in Madrid is expected to announce a new round of financial sector reforms Friday, after the Bank of Spain effectively nationalized one of the nation’s […]
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From the monetary fortress of the European Central Bank to the pro-European duchy of Luxembourg, policy makers are beginning to air their doubts that Greece can stay in the euro.
Post-election tumult in Athens has put the once-taboo subject of an exit from the 17-country currency union on the agenda, lifting the veil on possible […]
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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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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Consumer spending in the U.S. probably climbed in March as incomes grew, indicating the biggest part of the economy is helping to sustain the expansion, economists said before a report today.
Household purchases, which account for about 70 percent of the economy, rose 0.4 percent after a 0.8 percent gain that was the most in […]
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 […]
A massive hacker attack has crippled an overseas website that has reported extensively on China’s biggest political turmoil in years, underscoring the pivotal role the Internet has played in the unfolding scandal.
North Carolina-based Boxun.com was forced to move to a new web hosting service Friday after its previous host said the attacks were threatening its […]
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 […]