May 18 2012

European shares set for biggest decline since Nov – Reuters

Category: BusinessShort Irish Guy @ 5:58 am

Telegraph.co.uk
European shares set for biggest decline since Nov
Reuters
* FTSEurofirst 300 down 0.8 percent * Banks rebound on rumours of ban on naked short-selling * Poll shows Greece electing pro-bailout government By Tricia Wright LONDON, May 18 (Reuters) – European shares weakened on Friday, set for their biggest
Sterling hits 2-month low vs dollar on Greece, Spain concernsEconomic Times
Global Leaders Seek to Corral Europe CrisisABC News
Greek dilemma might come to head before next pollReuters Blogs (blog)
Moneycontrol.com -MarketWatch
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Bloomberg
Gap First-Quarter Profit Beats Analysts' Estimates
Bloomberg
Gap Inc. (GPS), the largest US specialty- apparel retailer, posted first-quarter profit that beat analysts' estimates after sales for the period advanced to the highest level in four years. Net income for the three months ended April 28 was $ 233
US STOCK FUTURES: HOT STOCKS TO WATCHWall Street Journal
Salesforce.com: After-Hours HeadlinesTheStreet.com
Review: US HOT STOCKS: Gap, Salesforce.com, Sequenom Active In Late Trading -1The Mumbai Times
San Francisco Chronicle -NASDAQ -Barron’s (blog)
all 21 news articles »

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Kansas City Star
Japan launches first commercial satellite
GlobalPost
Japan has completed its first successful launch of a foreign, South Korean-made satellite, fulfilling a decades-long quest to break into the European and Russian-dominated commercial launch business. Japan's H-2A rocket lifts off from the launch pad at
Mitsubishi Heavy Makes Japan's First Commercial Satellite LaunchBloomberg
Japan Launches Space-Cargo PushWall Street Journal
Japan in first commercial satellite launchAFP
Fox News -BBC News
all 233 news articles »

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May 17 2012

Insight: Who got Facebook IPO shares? Fairness may not come into it – Reuters

Category: BusinessShort Irish Guy @ 11:53 pm

Sydney Morning Herald
Insight: Who got Facebook IPO shares? Fairness may not come into it
Reuters
By Joseph A. Giannone | NEW YORK (Reuters) – A lot of loyal Facebook fans and occasional investors are discovering a hard truth this week: Money and connections talk, especially when it comes to a hot deal handled by Wall Street.
Facebook prices IPO at $ 38 per shareBusinessWeek
Facebook Set for Public Debut After IPO Seals $ 104 Billion ValueBloomberg
Questions and answers on blockbuster Facebook IPO The Associated Press
ABC News -MarketWatch -CNBC.com
all 8,436 news articles »

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Globe and Mail
Spain auctions $ 3.2 billion in medium term debt
BusinessWeek
Spain managed to auction nearly (EURO)2.5 billion ($ 3.18 billion) in medium-term debt Thursday amid strong demand but at sharply higher interest rates, reflecting concerns that the country will be caught up in the fallout of the Greek crisis.
FOREX-Greek, Spanish woes push euro towards 2012 low; yen off highsReuters
Greek euro exit looms as G8 gathersAFP
Global leaders seek to corral Europe crisisCBS News

all 8,073 news articles »

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Telegraph.co.uk
Huge job cuts rumored to be looming at Hewlett Packard
San Jose Mercury News
By Steve Johnson sjohnson@mercurynews.com In what could be Silicon Valley's largest layoff ever, tech giant Hewlett-Packard is expected to announce – as early as next week – cuts of up to 35000 employees. HP is the world's biggest personal
Hewlett-Packard Said to Consider Cutting as Many as 25000 JobsBloomberg
Reports: Hewlett-Packard mulling 25000 to 30000 job cuts to cope with Washington Post
Report: Hewlett-Packard to slash 25000 workersUSA TODAY
New York Times -BusinessWeek
all 345 news articles »

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Moneycontrol.com
Spain beset by bank crisis, recession, bond pressure. Full Article
Reuters India
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-nationalised Bankia diving and 16 lenders – including the euro zone's
News Summary: Spanish banking sector's confidence slammed by report of bank runWashington Post
Spain banking sector shaken by report of bank run The Associated Press
Spain beset by bank crisis, recession, bond pressureCNBC.com
New York Times
all 602 news articles »

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AFP
Chinese Renewable Energy Body: US Solar Ruling Unreasonable, Unfair
Wall Street Journal
BEIJING (Dow Jones)–The Chinese Renewable Energy Industries Association criticized the US Commerce Department Friday for a decision to impose antidumping duties on Chinese solar firms, which it described as "unreasonable" and "unfair.
Commerce Department Rules Against Chinese Solar Panel MakersEarthFix
US Solar Tariffs on Chinese Cells May Boost PricesBloomberg
Clean Energy through solar panels: No longer made in China?Alaska Dispatch
New York Times -BusinessWeek -USA TODAY
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May 17 2012

Facebook to price IPO, demand seen strong – Reuters

Category: TechShort Irish Guy @ 2:15 pm

Telegraph.co.uk
Facebook to price IPO, demand seen strong
Reuters
By Olivia Oran | NEW YORK (Reuters) – Facebook Inc is expected to price its initial public offering to raise more than $ 16 billion on Thursday, as strong demand, particularly from retail investors, fuels anticipation for a big pop in the stock when it
Network Effects and Global Domination: The Facebook StrategyWired News
Dive into Facebook's IPO? I don't think so [Video]Los Angeles Times
Facebook's IPO: A cautionary tale for the companyCNET
The Guardian -San Francisco Chronicle
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TechCrunch
Comcast ditches 250GB data cap, tests tiered pricing
CNET
by Marguerite Reardon May 17, 2012 11:27 AM PDT Follow @maggie_reardon Comcast, the largest cable TV provider in the US, is changing its data cap policy on its broadband service to encourage its customers to use its service without worrying about how
Comcast Ditching 250GB Data Caps, Exploring New OptionsPC Magazine
Comcast to start charging heavy downloaders extra The Associated Press
Breaking: Comcast boosts “data usage” limits from 250 GB to 300 GB a monthGigaOM
Forbes -TechCrunch -Washington Post
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AFP
Facebook co-founder Saverin invests, while senators seek to ban him from US
Fox News
Facebook co-founder Eduardo Saverin has closed a deal to invest in CrowdMob, an online discount start-up — even as American politicians sought new rules to bar him (or anyone) from de-friending the United States in order to avoid taxes.
Facebook Co-Founder Saverin Turns $ 30000 Savings to $ 3BBusinessWeek
Senators Go After Facebook's Saverin, Others Over Tax DodgingPC Magazine
US Lawmakers to Fight Facebook Co-Founder on TaxesWall Street Journal
Los Angeles Times -Washington Post -San Francisco Chronicle
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May 17 2012

Analysis: Greeks not alone in bank savings exodus – Reuters

Category: BusinessShort Irish Guy @ 7:53 am

The Guardian
Analysis: Greeks not alone in bank savings exodus
Reuters
By Steve Slater and George Georgiopoulos | LONDON/ATHENS (Reuters) – Greek savers may be gripped by a "great fear that could develop into panic" in the words of President Karolos Papoulias, but many Greeks shifted their money to safer havens in Britain
Euro moves lower as investors remain waryFinancial Times
Spain borrowing rates rise, bank shares slideSan Francisco Chronicle
European Stocks FallWall Street Journal
Fox Business
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Sydney Morning Herald
Say It Ain't So, Jamie: The JPMorgan Chase Crisis Is Not About Money
Forbes
Nelson Bunker Hunt famously said it after the silver collapse of 1980: “A billion dollars isn't what it used to be.” Ironically, the marketplace jitters set off by JPMorgan Chase's recent front-page trading losses might likewise suggest that $ 2 billion
The Hubris of Jamie DimonBusinessWeek
Is it Time to Break Up Big Banks?: PollTheStreet.com
JPMorgan losses grow by $ 1 billion, sources saySarasota Herald-Tribune
Daily Beast -New York Times -Bloomberg
all 10,104 news articles »

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Globe and Mail
Wal-Mart 1Q Net Rises 10%; US Same-Store Sales Up
Wall Street Journal
By Karen Talley and Mia Lamar NEW YORK (Dow Jones)–Wal-Mart Stores Inc.'s (WMT) fiscal first-quarter earnings rose 10% as the world's biggest retailer saw customer demand and sales pick-up in the US while overseas operations also performed strongly.
Wal-Mart's 1Q profit up 10.1 percent The Associated Press
Walmart Tops Expectations As U.S. Turnaround ContinuesNASDAQ
Wal-Mart 1Q Net Rises 10%; US Same-Store Sales Up For 3rd Straight QuarterFox Business
Washington Post -Economic Times
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Bloomberg
Sears Posts First-Quarter Profit After Selling Stores
Bloomberg
Sears Holdings Corp. (SHLD), the retailer controlled by hedge fund manager Edward Lampert, reported first- quarter net income of $ 189 million after selling stores and said it would partially spin off its Canadian operations. The profit of $ 1.78 a share
Sears Posts 1Q Profit; To Spin-Off Part Of Canada UnitWall Street Journal
Sears Returns to Profit; Plans Canadian SpinoffCNBC.com
Sears Plans Partial Spinoff of Canada UnitFox Business
San Francisco Chronicle -NASDAQ -MarketWatch
all 227 news articles »

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Boston.com
US Stock Futures Slip Ahead Of Jobless Claims Data
Wall Street Journal
By Tomi Kilgore DOW JONES NEWSWIRES NEW YORK (Dow Jones)–US stock futures slipped Thursday morning ahead of jobless claims data, as weakness in European markets, on the back of increased worries about contagion from Greece, overshadowed strong results
Stock Futures Tick Lower Ahead of Jobs DataFox Business
Europe Stocks, U.S. Futures Drop on ECB as Spanish Bonds FallSan Francisco Chronicle
U.S. Stock Futures Rise Before Jobs, Manufacturing DataBloomberg
MarketWatch -Reuters -BusinessWeek
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May 16 2012

Busy Jennifer Lopez casts doubt on more “American Idol” – Reuters

Category: Celeb GossipShort Irish Guy @ 8:58 pm

E! Online
Busy Jennifer Lopez casts doubt on more "American Idol"
Reuters
| LOS ANGELES (Reuters) – Jennifer Lopez is casting doubt on whether she will return to "American Idol" next year as she juggles motherhood with a comeback in both her pop music and acting careers. Lopez, who has young twins, told talk show host Ellen
'American Idol' — We Really Want Jennifer Lopez BackTMZ.com
Sources: Jennifer Lopez Is Leaving American Idol!E! Online
Would You Watch American Idol Without Jennifer Lopez?People Magazine
Idolator: All About The Music -Hollywood.com -Chicago Sun-Times
all 463 news articles »

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Telegraph.co.uk
The method behind Sacha Baron Cohen's madness
USA TODAY
By Bryan Alexander, USA TODAY Anna Faris was about to make her way into the pomp and circumstance of the 2012 Academy Awards when Sacha Baron Cohen, her co-star in The Dictator, pulled alongside her in a stretch Rolls-Royce limousine flying banners
Elisabetta Canalis shows off her impressive bikini shape as she cools off Daily Mail
REVIEW- Baron Cohen's 'Dictator' Least-focused YetSan Fernando Valley Sun
'The Dictator' offers iron-fisted, ham-handed laughs, critics sayLos Angeles Times
Kansas City Star -Tucson Citizen -Mediaite
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AceShowbiz
Missing Nick Stahl Is 'Trying to Work Through' Some Personal Issues, Police Says
AceShowbiz
After news of the 'Terminator 3' star's disappearance surfaced, a Los Angeles Police Department detective says that investigators are currently 'tracking down a few leads' on the case. When news of Nick Stahl's disappearance broke out,
INSIDE STORY: What Happened to Nick Stahl?People Magazine
Terminator's Nick Stahl Reported MissingE! Online
Nick Stahl Missing — 'Terminator 3' Star Disappeared According To WifeTMZ.com
Los Angeles Times -WTVR -NEWS.com.au
all 223 news articles »

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May 16 2012

NYMEX-Crude ends lower on euro zone, Greece concerns – Reuters

Category: BusinessShort Irish Guy @ 5:54 pm

Globe and Mail
NYMEX-Crude ends lower on euro zone, Greece concerns
Reuters
* Greece's bank, political uncertainty pressures oil, equities * US crude stocks rose, products fell last week-EIA * Coming up: US weekly jobless claims 8:30 am EDT Thursday NEW YORK, May 16 (Reuters) – US crude futures fell a fourth straight session
Crude oil prices continue to fall as supplies growUSA TODAY
Price of oil still falling as supplies grow The Associated Press
Boost from supply data short-lived, crude at lowest since NovemberMarketWatch
Wall Street Journal -San Francisco Chronicle -Investor’s Business Daily
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Wall Street Journal
Unknowns Loom If Greece Exits Euro
Wall Street Journal
By GABRIELE STEINHAUSER BRUSSELS—Returning to a national currency after more than a decade of using the euro and having its money managed by the European Central Bank would catapult Greece into a financial, legal and political no-man's land.
Greece Heads to Elections With Euro, Bailout at StakeBloomberg
GLOBAL MARKETS-Euro, US stocks fall on ECB, Fed minutesReuters
Greece forms emergency government amid banking fearsWashington Post
Economic Times -The Atlantic
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The Associated Press
Greek turmoil spreads pessimism across markets
The Associated Press
By PALLAVI GOGOI, AP Business Writer – 46 minutes ago NEW YORK (AP) — The unending turmoil in Greece spread fallout across the financial markets Wednesday. The Dow Jones industrial average fell for the ninth day out of 10, and gold, oil,
US Stocks Reverse Morning Gains To Finish With Fourth Straight LossWall Street Journal
Greek turmoil causes US stocks to slideChristian Science Monitor
US STOCKS-Europe drags down Wall Street a fourth dayReuters
Fox Business -San Francisco Chronicle
all 1,632 news articles »

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Toronto Star
Fed officials keep door open on easing, eye risks
CNBC.com
(Reuters) – Several Federal Reserve policymakers last month thought the US central bank might need to do more to support the economy if the recovery stumbles, but there was almost no support for extending its "Operation Twist" program,
Fed minutes: More members open to stimulus measuresUSA TODAY
Federal Reserve wary of eurozone risksFinancial Times
Minutes Suggest Fed to Stay the Course on PolicyNew York Times
North County Times -AFP
all 229 news articles »

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New York Times
Hedge-Fund Stars Come Out
Wall Street Journal
By JULIET CHUNG AND DAVID BENOIT David Einhorn, Jeff Gundlach and other prominent hedge-fund managers took center stage at New York's Lincoln Center for the Performing Arts to share their investment ideas—and investors wasted little time acting on
The Importance Of Being EinhornForbes
Einhorn Says Amazon's Future a 'Riddle'Bloomberg
Einhorn Says Amazon's Future a 'Riddle' After Profit Lags SalesSan Francisco Chronicle
NASDAQ -MarketWatch (blog)
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May 16 2012

Shareholders sue JPMorgan Chase over trading loss – Reuters

Category: BusinessShort Irish Guy @ 9:54 am

CTV.ca
Shareholders sue JPMorgan Chase over trading loss
Reuters
By Grant McCool NEW YORK May 16 (Reuters) – JPMorgan Chase & Co was the target of two separate lawsuits by shareholders on Wednesday, accusing the bank and its management of excessive risk that led to trading losses of at least $ 2 billion.
Two Shareholders Sue JP Morgan Over Trading LossesWall Street Journal
JPMorgan Shareholders Sue Dimon Over $ 2 Billion Trading LossBloomberg
Two shareholder suits filed against JPMorgan over $ 2B trading lossNew York Post
ABC News -ticklethewire.com
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Telegraph.co.uk
Euro Fluctuates Versus Dollar as Greek Leaders Face Elections
Bloomberg
The euro fluctuated against the dollar amid speculation its recent decline may have been overdone and as Greek leaders prepare to hold new elections. The 17-nation currency earlier reached a four-month low against the greenback amid mounting concern
GLOBAL MARKETS-US stocks rise on data, euro turns on Greek hopeReuters
Merkel says she's open to 'stimulus' for Greek economyWashington Post
'No way' of changing Greek bailout deal: BarrosoAFP
New York Times -San Francisco Chronicle -CNBC.com
all 6,172 news articles »

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CBS News
Industrial Production in US Climbs More Than Forecast
BusinessWeek
By Lorraine Woellert on May 16, 2012 Industrial production in the US climbed more than forecast in April, propelled by gains in auto manufacturing and utility use. Output at factories, mines and utilities increased 1.1 percent last month,
Industrial Production in U.S. Rises 1.1%, More Than ForecastSan Francisco Chronicle
US factory output rose in April on stronger autosFox News
Factory production up in April across U.S. led by autosDetroit Free Press

all 139 news articles »

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USA TODAY
Housing starts, industrial production both rose in April
USA TODAY
By Christopher S. Rugaber, AP WASHINGTON (AP) – Builders began work on more homes last month, evidence that the battered housing market is slowly healing. Mike Brown, AP Primitivo Balderas takes a measurement on the second floor of a home he helping
US housing starts rose to 717000 in AprilBoston.com
Building of new U.S. homes rises in AprilMarketWatch
Rebound in Housing StartsNew York Times
Chicago Tribune
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e-wisdom.com
Mortgage delinquencies drop to 4-year low
CNNMoney
By Les Christie @CNNMoney May 16, 2012: 10:20 AM ET NEW YORK (CNNMoney) — The percentage of borrowers who have dropped behind on their mortgage payments fell to a four-year low in the first three months of 2012, a bankers' group said Wednesday.
Mortgage Delinquencies in U.S. Fall to Lowest Since 2008Bloomberg
Illinois third in foreclosures despite national improvementChicago Tribune
Mortgage delinquencies, foreclosures trend lowerMarketWatch
Wall Street Journal -e-wisdom.com -LoanSafe
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