May 17 2012

The journey in bringing Facebook public. How the IPO price was determined, and … – Washington Post

Category: BusinessShort Irish Guy @ 7:54 pm

The Guardian
The journey in bringing Facebook public. How the IPO price was determined, and
Washington Post
NEW YORK — 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.
Why Facebook won't start trading at the opening bellCNNMoney
Market Preview: Facebook to the Rescue!TheStreet.com
Facebook prices its IPO at $ 38 ahead of Friday's tradingUSA TODAY
The Associated Press
all 7,972 news articles »

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AFP
Hewlett-Packard Said to Consider Cutting Up to 25000 Jobs
San Francisco Chronicle
(Updates with closing shares in seventh paragraph.) May 17 (Bloomberg) — Hewlett-Packard Co. is considering cutting as many as 25000 jobs, or 8 percent of its workforce, to reduce costs and help the company contend with ebbing demand for computers and
Report: Hewlett-Packard to slash 25000 workersUSA TODAY
Reports: Hewlett-Packard may cut 25000 to 30000 jobsBizjournals.com
HP to axe 30000 jobs to cut costsFinancial Times
Wired News -Bloomberg -9NEWS.com
all 311 news articles »

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Sydney Morning Herald
Euro Touches 4-Month Low After Fitch Downgrades Greece
Bloomberg
The euro dropped to a four-month low, extending declines to a third-straight week, amid concern Europe's sovereign-debt crisis is worsening. The 17-nation currency weakened versus most of its 16 major counterparts after Fitch Ratings downgraded
Merkel Pressed, But Unlikely To YieldWall Street Journal
Markets on a Greek odysseyMarketWatch
EU Commission chief confident euro zone and Europe will do what it takes to Washington Post
Sydney Morning Herald -Reuters -Economic Times
all 7,642 news articles »

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Moneycontrol.com
Spain beset by bank crisis, downgrades, bond pressure
Reuters
By Carlos Ruano and Julien Toyer | MADRID (Reuters) – Spain's borrowing costs shot up at a bond auction on Thursday and its troubled banks suffered a double blow, with shares in part-nationalized Bankia diving and 16 lenders – including the euro zone's
Spain debt costs to leap at bond sale as investors eye GreeceCNBC.com
Spain banking sector shaken by report of bank run The Associated Press
Aust bonds up as Spanish banks take hitSydney Morning Herald
Financial Times -MarketWatch -New York Times
all 618 news articles »

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Market Playground
Blockbuster IPO Doesn't Solve Facebook's Biggest Problem (VIDEO)
Forbes
The event that investors and market watchers have been salivating over for months finally comes to fruition Friday when Facebook will make its debut as a publicly-traded company on the Nasdaq stock exchange. but for all of the frenzy over the company's
Goldman Sachs Reaps $ 1.09 Billion by Selling in Facebook IPOSan Francisco Chronicle
Facebook set for record IPOSan Antonio Express
Goldman to Cash Out $ 1 Billion of Facebook Holding in IPOBloomberg
BGR -BusinessWeek -Washington Post
all 50 news articles »

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May 16 2012

Greece forms emergency government amid banking fears – Washington Post

Category: BusinessShort Irish Guy @ 9:54 pm

Moneycontrol.com
Greece forms emergency government amid banking fears
Washington Post
ATHENS — With Greece's future in the euro increasingly in doubt, this troubled nation cobbled together an emergency government Wednesday and set a date for new elections amid fears that accelerated withdrawals by spooked depositors could escalate into
Greek Turmoil Spreads PessimismABC News
Experts Try to Chart Path for Exit From CurrencyWall Street Journal
Greece Heads to Election With Euro Membership, Bailout at StakeSan Francisco Chronicle
The Associated Press  -Reuters -Los Angeles Times
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New York Times
JPMorgan's Trading Loss Is Said to Rise at Least 50%
New York Times
By NELSON D. SCHWARTZ and JESSICA SILVER-GREENBERG The trading losses suffered by JPMorgan Chase have surged in recent days, surpassing the bank's initial $ 2 billion estimate by at least $ 1 billion, according to people with knowledge of the losses.
Geithner, Dimon Discussed Volcker Rule In MarchWall Street Journal
JPMorgan's Whale Trade Reportedly Sinks By Another $ 1 BillionForbes
J.P. Morgan loss to rise at least 50%: reportMarketWatch
Fox Business -Christian Science Monitor -Tampabay.com
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The Hindu
Asian Stocks, Oil, Yen Fall on Greek Talks, Japan Orders
Bloomberg
Asian stocks rebounded from a four- month low, oil rose and the Australian dollar strengthened after economic data in the US, Japan and Singapore beat estimates. Gold and copper advanced. The MSCI Asia Pacific Index (MXAP) gained 0.3 percent as of
Hong Kong stocks bounce back after Wednesday dropMarketWatch
Shares steady after sell-off, Greece fears weighReuters
Asia stocks mixed after Greece sets election dateAtlanta Journal Constitution

all 237 news articles »

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Globe and Mail
JC Penney's shares in free-fall after 1Q loss
BusinessWeek
By ANNE D'INNOCENZIO Wall Street doesn't seem to like JC Penney's new everyday low pricing any better than Main Street does. The department store chain's stock plunged nearly 20 percent on Wednesday — the biggest decline in at least four decades,
Penney has 1Q loss as new pricing repels shoppersMonterey County Herald
JC Penney stock has worst fall everReuters
1Q loss, low-pricing plan sour investors on JC Penney's sharesThe Courier-Journal

all 661 news articles »

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Globe and Mail
Fed officials open to more efforts to stimulate economy if recovery worsens
Washington Post
Several members of the Federal Reserve's policymaking committee said they would consider expanding efforts to stimulate the US economy if threats to the recovery worsen, according to minutes of the panel's April meeting. Officials cited several factors
Fed Members Open to More Easing if Economy FaltersCNBC.com
Several on FOMC Said Easing May Be Needed on FalteringBloomberg
Several on FOMC Said Easing May Be NeededBusinessWeek
USA TODAY -Los Angeles Times -MarketWatch
all 221 news articles »

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May 16 2012

Why Facebook ads are different – Washington Post

Category: TechShort Irish Guy @ 11:15 am

BBC News
Why Facebook ads are different
Washington Post
Facebook's road to its market debut hit a bump Tuesday when General Motors said it will stop paid advertising on the social network. According to Forrester analyst Melissa Parrish, the move should be a wake-up call for the social network.
Why Facebook Marketing Doesn't Work for GMPCWorld
How much are you worth to Facebook?Fox News
Is there life after ads for St Zuck?Register
InformationWeek -Digitaltrends.com -CNET
all 729 news articles »

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Moneycontrol.com
Lastest iPhone Rumor Points to 4-Inch Screen (Again)
PC Magazine
By Angela Moscaritolo For those wondering if Apple plans to give its next iPhone a larger screen, a report from the Wall Street Journal just added more fuel to the fire. The newspaper reported that Apple has ordered screens from its Asian suppliers
IPhone to get larger screen: A report to take with a grain of salt?Los Angeles Times
Apple Moves Toward Larger iPhone ScreensWall Street Journal
New iPhone to have larger screen, WSJ reportsWashington Post
San Jose Mercury News -InformationWeek -PCWorld
all 209 news articles »

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Globe and Mail
Facebook Expands IPO as Accel, Goldman Sachs Sell More Stock
San Francisco Chronicle
(Updates with investor's comment in third paragraph.) May 16 (Bloomberg) — Facebook Inc. investors such as Accel Partners and Goldman Sachs Group Inc. increased the number of shares they're selling in the social network's initial public offering,
Who is Mark Zuckerberg, the boy genius behind Facebook?Fox News
Half of Americans Predict That Facebook is Just a FadTom’s Guide
CORRECT: 2nd UPDATE: Facebook Boosts Size Of IPO To 421.2M SharesWall Street Journal
The Associated Press  -Fox Business -USA TODAY
all 5,027 news articles »

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May 15 2012

Boston pitcher Josh Beckett redeems himself with 9 Ks in 5-0 win over Mariners – Washington Post

Category: SportsShort Irish Guy @ 7:53 pm

CBC.ca
Boston pitcher Josh Beckett redeems himself with 9 Ks in 5-0 win over Mariners
Washington Post
BOSTON — Josh Beckett did exactly what he needed to satisfy the fired-up fans at Fenway Park. Beckett pitched his best game of the season, striking out nine and scattering four hits over seven innings as the Red Sox shut out the Seattle Mariners 5-0 on
Beckett returns with 9 Ks, Boston beats MarinersUSA TODAY
Boston Red Sox – TeamReportChicago Tribune
Red Sox 5, Mariners 0Boston.com

all 817 news articles »

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The Guardian
Kobe Bryant: Charges carry big risk
ESPN
By Dave McMenamin | ESPNLosAngeles.com OKLAHOMA CITY — The Los Angeles Lakers only forced four turnovers from the Oklahoma City Thunder in Monday's 119-90 loss in Game 1 of the Western Conference semifinals. One way the Lakers could plan to get the
Kobe's Lakers unfazed by blowout loss to ThunderHouston Chronicle
Kobe: I don't take chargesSI.com
Kobe Bryant sees injury risk as too great to draw charges, cites NBA's all Washington Post

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Globe and Mail
Doctor: Bulls' Derrick Rose out 8-12 months after knee injury but could return
Washington Post
CHICAGO — The doctor who operated on Derrick Rose's knee insists the Chicago Bulls' star can dominate again. It will take time, though. Rose faces a recovery of eight months to a year. The assessment by team physician Dr. Brian Cole on Tuesday means
Derrick Rose recovery from eight months to a yearUSA TODAY
Doctor: Bulls' Derrick Rose out 8-12 monthsSI.com
Bulls GM says they'll pick up Thibodeau's optionCBSSports.com
ESPN -Fox News -Reuters
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May 15 2012

As Facebook’s IPO nears, half of Americans say shares are overpriced – Washington Post

Category: TechShort Irish Guy @ 5:59 pm

Sydney Morning Herald
As Facebook's IPO nears, half of Americans say shares are overpriced
Washington Post
In a new Associated Press-CNBC poll, 50 percent of the respondents said that the asking price for Facebook's shares “is too high,” the Associated Press reports. The company Mark Zuckerberg created as a Harvard student eight years ago is preparing for
Biz Break: Facebook stays busy as IPO approaches, but Wall Street keeps fallingSan Jose Mercury News
Exchanges iron out kinks as Facebook IPO loomsReuters
Facebook raises IPO price as offering nearsBusinessWeek
PCWorld -Wall Street Journal -San Francisco Chronicle
all 3,495 news articles »

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The Guardian
GM to drop Facebook ads due to low consumer impact
Reuters
* GM to keep pages on social networking site * Automaker spent $ 1.1 bln on US ads last year -research firm * Move seen as first highly visible crack in Facebook ad strategy * Facebook stock to debut Friday; valuation could exceed $ 100 bln By Ben
GM Says 'Reassessing' Advertising on Facebook WebsiteBloomberg
Ford, Chrysler Not Following GM on Facebook PulloutMashable
GM to pull Facebook adsCBS News
CNN -Forbes
all 207 news articles »

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VentureBeat
A Nexus free-for-all: Google may tap more partners for flagship Android 5.0
VentureBeat
Expect plenty more Nexus Android smartphones and tablets on the horizon from multiple manufacturers, as Google will reportedly expand its partnerships to squash fears surrounding its Motorola Mobility purchase. Historically, Google has tapped a single
Google reportedly planning stable of Nexus devices with Android 5.0, will sell Engadget
Google may use multiple hardware partners for new NexusAndroid Community
Court Revives Apple's Bid to Ban Samsung Tablets in USPC Magazine
Wall Street Journal -Reuters -Apple Insider
all 556 news articles »

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May 15 2012

As Facebook’s IPO nears, half of Americans say shares are overpriced – Washington Post

Category: TechShort Irish Guy @ 5:59 pm

Sydney Morning Herald
As Facebook's IPO nears, half of Americans say shares are overpriced
Washington Post
In a new Associated Press-CNBC poll, 50 percent of the respondents said that the asking price for Facebook's shares “is too high,” the Associated Press reports. The company Mark Zuckerberg created as a Harvard student eight years ago is preparing for
Biz Break: Facebook stays busy as IPO approaches, but Wall Street keeps fallingSan Jose Mercury News
Exchanges iron out kinks as Facebook IPO loomsReuters
Facebook raises IPO price as offering nearsBusinessWeek
PCWorld -Wall Street Journal -San Francisco Chronicle
all 3,495 news articles »

Technology – Google News


CBS News
GM to drop Facebook ads due to low consumer impact
Reuters
* GM to keep pages on social networking site * Automaker spent $ 1.1 bln on US ads last year -research firm * Move seen as first highly visible crack in Facebook ad strategy * Facebook stock to debut Friday; valuation could exceed $ 100 bln By Ben
GM Says 'Reassessing' Advertising on Facebook WebsiteBloomberg
Ford, Chrysler Not Following GM on Facebook PulloutMashable
GM to pull Facebook adsCBS News
CNN -Forbes
all 216 news articles »

Technology – Google News


VentureBeat
A Nexus free-for-all: Google may tap more partners for flagship Android 5.0
VentureBeat
Expect plenty more Nexus Android smartphones and tablets on the horizon from multiple manufacturers, as Google will reportedly expand its partnerships to squash fears surrounding its Motorola Mobility purchase. Historically, Google has tapped a single
Google reportedly planning stable of Nexus devices with Android 5.0, will sell Engadget
Google may use multiple hardware partners for new NexusAndroid Community
Court Revives Apple's Bid to Ban Samsung Tablets in USPC Magazine
Wall Street Journal -Reuters -CNET
all 558 news articles »

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May 15 2012

JPMorgan may seek return of stock awards from investment manager who oversaw … – Washington Post

Category: BusinessShort Irish Guy @ 5:53 pm

CBC.ca
JPMorgan may seek return of stock awards from investment manager who oversaw
Washington Post
May 15 (Bloomberg) — JPMorgan Chase & Co., the biggest US bank by assets, said its executive compensation plan won the approval of 91.5 percent of shareholders in a non-binding annual advisory vote, up from 73 percent last year.
JPMorgan's CEO apologises over $ US2bn lossSydney Morning Herald
Subdued Dimon is confronted over $ 2B trading lossSeattle Post Intelligencer
Shareholder voices from JPMorgan Chase meetingHouston Chronicle

all 8,288 news articles »

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Globe and Mail
Greece to hold new election, jolts euro markets
Reuters
By Dina Kyriakidou and Stephen Brown | ATHENS/BERLIN (Reuters) – Attempts to form a government in Greece collapsed on Tuesday, jolting financial markets at the prospect that leftists opposed to the terms of an EU bailout could sweep to victory in a
Leading European travel companies prepare for possible Greek exit from eurozoneWashington Post
Greek Euro Exit Scenarios No Longer A Theoretical ExerciseWall Street Journal
Greek Leaders Meet on Election After European Stocks DropBloomberg
CNN -Telegraph.co.uk
all 4,833 news articles »

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Globe and Mail
US STOCKS-S&P 500 in third straight drop, JC Penney off late
Reuters
* Home builder sentiment data lifts housing stocks * Greece to vote again after government talks fail * Chesapeake shares hit lowest since March 2009 * Dow off 0.5 pct, S&P off 0.6 pct, Nasdaq off 0.3 pct By Chuck Mikolajczak NEW YORK, May 15 (Reuters)
Dow Jones average continues a 5 percent slideBusinessWeek
Dow Jones average continues a two-week slide The Associated Press
How the Dow Jones industrial average and other major US stock indexes fared on Washington Post
MarketWatch -San Francisco Chronicle
all 837 news articles »

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Bloomberg
Buffett's Berkshire adds GM stake, ups positions in Wal-Mart, IBM; Kraft, P&G
Washington Post
OMAHA, Neb. — Warren Buffett's company has revealed a number of changes in its US stock portfolio, including boosting its holdings in Wal-Mart and IBM and adding a new stake of 10 million General Motors shares. But the documents Berkshire Hathaway Inc.
Buffett's Berkshire Hathaway Adds Stake in GMFox Business
Buffett's firm buys GM stake, boosts IBM positionThe Seattle Times
Berkshire takes stake in GM, Viacom, cuts Intel holdingsChicago Tribune
Bizjournals.com -The Detroit News
all 257 news articles »

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Globe and Mail
JC Penney stock sinks on falling sales
CNN
By Maureen Farrell @CNNMoneyInvest May 15, 2012: 6:23 PM ET NEW YORK (CNNMoney) — JC Penney gave investors two reasons to run on Tuesday. The retailer cut its dividend and revealed that sales are dropping dramatically. The budget-conscious chain said
US HOT STOCKS: JC Penney, Sina, GM Active In Late TradingWall Street Journal
Penney reports loss and plummeting sales in 1QBusinessWeek
JC Penney reports loss and plummeting sales in first quarterLos Angeles Times
Houston Chronicle -Fox Business -New York Times
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