May 18 2012

Facebook Debut Sets Pace For Tech IPOs To Come – Wall Street Journal

Category: BusinessShort Irish Guy @ 7:53 am

Telegraph.co.uk
Facebook Debut Sets Pace For Tech IPOs To Come
Wall Street Journal
–"Facebook is the component that will make or break the IPO market" — it is seen as a measure of the market's health for the rest of the year. –"The Facebook IPO may speed up the process for Twitter and others to go public.
Investors Brace for Facebook's Public DebutFox Business
'Pops' turn into flops: Why you should resist buying Facebook on its first day Washington Post
Zuckenomics: Facebook millionaires-to-be in all night 'hackathon'Fox News
The Associated Press  -Forbes -TIME
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Boston.com
US Stock Futures Up Ahead Of Facebook Debut As Europe Pares Loss
Wall Street Journal
By Tomi Kilgore DOW JONES NEWSWIRES NEW YORK (Dow Jones)–US stock futures rose Friday morning, as the paring of losses in Europe give investor sentiment a lift ahead of the much-anticipated trading debut of Facebook shares.
Stock Futures Jump; Facebook Debut on TapFox Business
US futures set to rebound as G-8 leaders gatherCBS News

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BBC News
Europe fears pressure world markets
CNNMoney
By Aaron Smith @CNNMoneyInvest May 18, 2012: 8:09 AM ET NEW YORK (CNNMoney) — European markets were mixed Friday as investors remained anxious about Spanish and Greek banks, while Asian stocks sold off sharply amid worries of a further slowdown in
ECB, Commission Working On Greek Exit Plans – EU's De GuchtWall Street Journal
Spanish crisis hits European stock marketsThe Guardian
FOREX-Euro hovers near 4-month low as crisis brewsReuters
BBC News -Fox Business -CNBC.com
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Los Angeles Times
US orders tariffs on Chinese solar panels
Los Angeles Times
Commerce Department announces the duties after a finding that Chinese solar panel makers 'dumped' their goods. If approved, the tariffs are expected to have a significant effect on the industry. In just a few years, China has grabbed about half the US
China Warns Solar-Panel Tariff May BackfireWall Street Journal
Why consumers shouldn't worry about the new solar tariffsGigaOM
UPDATE 6-China cries foul after US sets tariffs on solar importsChicago Tribune
The Associated Press  -NASDAQ
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CBC.ca
Spain faces bank concerns after downgrade
CNN
By the CNN Wire Staff Madrid (CNN) — Spain's government is expected to call for calm Friday, a day after rating agency Moody's downgraded 16 Spanish banks in the latest sign of distress in Europe. Among those who saw their ratings lowered were giants
GLOBAL MARKETS: European Stocks Still Weak But Peripheral Markets Perk UpWall Street Journal
Spanish Banks' Bad Loans Worsen as Recession Bites: EconomyBloomberg
Spanish stocks focus of investor concern The Associated Press
San Francisco Chronicle -TIME -The Guardian
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May 18 2012

European Stocks Slide – Wall Street Journal

Category: BusinessShort Irish Guy @ 2:58 am

CBC.ca
European Stocks Slide
Wall Street Journal
By MICHELE MAATOUK LONDON—European stocks opened lower on Friday, with investors likely to flock to the safety of bunds and gilts, following Moody's downgrade of several Spanish banks and Fitch's downgrade of Greece's credit rating.
Moody's downgrades 16 Spanish banksReuters
European Stocks Slide as Moody's Downgrades Spanish BanksBusinessWeek
Spain stocks fall sharply after Moody's downgrade The Associated Press
BBC News
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Los Angeles Times
In Silicon Valley, they've got it but don't flaunt it
Sacramento Bee
By Somini Sengupta Fabulous home theaters are tucked into the basements of plain suburban houses. Custom jeans that start at $ 1200 can be detected only by a tiny red logo on the button. The hand-painted Italian bicycles that flash across Silicon Valley
Reticent Rich: Preferred Style in Silicon ValleyNew York Times
Facebook IPO fuels Bay Area spending boomLos Angeles Times
10 Huge Companies That Facebook Is Now Worth More Than (FB)San Francisco Chronicle
San Jose Mercury News -The Atlantic Wire
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Belfast Telegraph
RPT-GLOBAL MARKETS-Shares slide amid fears for Spanish banks, growth
Reuters
* MSCI Asia ex-Japan slides to 2012 low, Nikkei off 3 pct * Euro hits fresh four-month low vs dollar, 3-month low vs yen * Growth worries hit materials, industrials, tech shares * Benchmark Japanese government bond yield hits lowest since 2003
World stocks mixed amid bargain-hunting vs cautionBusinessWeek
Asian Shares Slide; Japan Hits 4-Month LowWall Street Journal
Asian Stocks Poised to Erase 2012 Gains on US Data, GreeceBloomberg
MarketWatch -Financial Times -CNBC.com
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May 17 2012

Facebook Co-Founder Saverin Fires Back At Senators’ Accusations – Wall Street Journal

Category: TechShort Irish Guy @ 8:15 pm

ABC News
Facebook Co-Founder Saverin Fires Back At Senators' Accusations
Wall Street Journal
(Updates with Sen. Reed asking homeland security secretary to bar Saverin from re-entering the US) By Siobhan Hughes Of DOW JONES NEWSWIRES WASHINGTON (Dow Jones)–A Facebook Inc. co-founder on Thursday challenged two Senate Democrats who accused him
You can't deny Eduardo Saverin a visa for being a jerkCNET
Schumer Proposes U.S. Tax on People Like Facebook's SaverinSan Francisco Chronicle
US senators propose 'anti-Saverin' tax evasion lawAFP
New York Times -Bloomberg -Fox News
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USA TODAY
Wireless carriers to roll out data share plans
USA TODAY
By Roger Yu, USA TODAY Brace yourself, parents: You may have to share your monthly wireless data allotment with your Netflix-loving kid. Gerald Herbert, AP Wireless carriers are rolling out family data plans, meaning junior's Netflix habit could eat
Verizon: You can keep your unlimited data plan, but no subsidized phonesmsnbc.com
Verizon: You can have unlimited data… just no device subsidiesCNET
Verizon data fans to pay more in service or phonesReuters
Los Angeles Times -WSLS -Apple Insider
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Telegraph.co.uk
Survey: Facebook Trails Google in Mobile, Regular Users
PC Magazine
By Damon Poeter A slew of surveys and studies concerning Facebook's position in the online firmament have emerged ahead of the social networking giant's upcoming initial public offering, but it can be difficult to determine if all the metrics being
GM Says Facebook Ads Don't Pay OffWall Street Journal
6 Facebook Problems Need FixingInformationWeek
Are Advertisers Disembarking the Facebook IPO Hype Train?Datamation
BusinessWeek -New York Times -Washington Post
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May 17 2012

Nasdaq: Facebook Begins Trading Around 11 EDT Friday Morning – Wall Street Journal

Category: TechShort Irish Guy @ 5:15 pm

Telegraph.co.uk
Nasdaq: Facebook Begins Trading Around 11 EDT Friday Morning
Wall Street Journal
By Jacob Bunge Of DOW JONES NEWSWIRES Nasdaq OMX Group Inc. (NDAQ) told traders Thursday that shares in Facebook Inc. are expected to be released for trading at approximately 11 am EDT Friday. The exchange group also is planning a live,
Internet greets Facebook's IPO price with glee, skepticismCNN
Who got Facebook shares? Fairness may not come into itReuters
Twitter users, others weigh in: Facebook stock priced too highLos Angeles Times
CNET -New York Times -San Francisco Chronicle
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ABC News
Schumer Proposes U.S. Tax on People Like Facebook's Saverin
San Francisco Chronicle
(Updates attribution of data in second paragraph.) May 17 (Bloomberg) — US Senator Charles Schumer proposed a 30 percent capital gains tax on people such as Facebook co- founder Eduardo Saverin unless they show they didn't renounce their US
Facebook Co-Founder Saverin Fires Back At Senators' AccusationsWall Street Journal
Cavuto: Many Americans feel overtaxed, overwhelmedFox News
Facebook Co-Founder: No, I Didn't Leave US to Dodge TaxesMashable
Bloomberg -MiamiHerald.com -Washington Post
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msnbc.com
Verizon customers can keep unlimited data if they forgo device subsidies
CNET
Verizon Wireless says existing customers can keep their unlimited data plans, but there's a catch. They will have to pay full price for any new devices when they sign a new contract. by Marguerite Reardon May 17, 2012 2:28 PM PDT Follow @maggie_reardon
Verizon Says Users Can Avoid Data Change by Paying Full Phone PriceWall Street Journal
Verizon clarifies stance on unlimited data amid misreported rumorsApple Insider
AT&T eyes lower subsidies, shared data plansReuters
GigaOM -Gizmodo -eWeek
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May 17 2012

Facebook to Set Final IPO Pricing – Wall Street Journal

Category: TechShort Irish Guy @ 11:15 am

Globe and Mail
Facebook to Set Final IPO Pricing
Wall Street Journal
By JOHN LETZING Facebook Inc. is nearing the last step before its landmark initial public offering by finalizing the price for its shares later Thursday. The social network earlier this week raised the price range for its IPO to $ 34 to $ 38 a share,
6 Facebook Problems Need FixingInformationWeek
Facebook IPO: The art of pricing the right popCNN
Facebook Set to Price Initial Public OfferingABC News
Fortune
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Christian Science Monitor
Google Knowledge Graph attempts 'next generation of search'
Christian Science Monitor
Google has introduced a new search feature called Knowledge Graph – a kind of companion to the recently-launched Search Plus Your World. By Matthew Shaer / May 17, 2012 Google today took the wraps off a new search functionality called the Knowledge
Google Knowledge Graph: How It Changes SearchInformationWeek
Google Knowledge Graph straddles semantic web and Star TrekRegister
Google revamps US searchReuters
AZ Central.com -Detroit Free Press -MediaPost Communications
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Globe and Mail
Senators target Facebook co-founder for giving up citizenship, seek to impose
Fox News
Two top senators went after Facebook co-founder Eduardo Saverin Thursday over his decision to renounce US citizenship, unveiling a proposal they claim would bar him — or anyone — from de-friending the United States in order to avoid taxes. Sen.
Facebook Co-Founder Could Save $ 67 Million in Taxes After Axing US CitizenshipDailyTech
The Real Facebook Tax Outrage Isn't Eduardo SaverinForbes
Senators to Facebook co-founder: Don't come backCNNMoney
AFP -VentureBeat -Mashable
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May 17 2012

GLOBAL MARKETS:European Stocks Fall As Greece Concerns Continue – Wall Street Journal

Category: BusinessShort Irish Guy @ 5:54 am

Moneycontrol.com
GLOBAL MARKETS:European Stocks Fall As Greece Concerns Continue
Wall Street Journal
By Michele Maatouk Of DOW JONES NEWSWIRES LONDON (Dow Jones)–European stocks fell Thursday, as worries about contagion from Greece to other "peripheral" nations continued to weigh on investors' minds, while the results of Spain's latest bond auction
Market Optimism on US and Japan Offset by Greek FearsNew York Times
Greek exit could cost eurozone 100s of billions of eurosEconomic Times
European Stocks Drop as ECB Pauses Greek Bank LendingBloomberg

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Globe and Mail
The Hubris of Jamie Dimon
BusinessWeek
By Peter Coy on May 17, 2012 Jamie Dimon has the silver mane and piercing, gray-blue eyes of a chief executive officer from central casting, but he talks like one of his own charged-up traders. His blunt words tumble out in a New York hurry.
Is it Time to Break Up Big Banks?: PollTheStreet.com
JPMorgan's 'London Whale' Loss Rises to $ 3 Billion as Lawsuits FlyTIME
White House Steps Up Push to Toughen Rules on BanksWall Street Journal
New York Times -Forbes -Columbus Dispatch
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CBS News
Foreclosures reach lowest level since 2007
CBS News
(MoneyWatch) Good news on the housing front: Foreclosure activity is at its lowest level since July 2007, according to new data from real-estate research firm RealtyTrac. In April, the number of default notices, scheduled auctions,
Foreclosures Fall To Lowest Level Since 2007KJCT8.com
Foreclosure Activity Falls to Lowest Since Summer of 2007CNBC.com
Report: Fewer US homes foreclosed upon in AprilLake Wylie Pilot
Bloomberg
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USA TODAY
FTC: Skechers 'Shape-Ups' Claims Were False
WESH Orlando
By Todd SperryCNN WASHINGTON (CNN) — For overweight Americans, and those looking for a healthier lifestyle, the claim was almost too good to be true — wear Skechers Shape-ups footwear and watch the pounds melt away. At a news conference Wednesday,
FTC: Skechers deceived consumers with shoe adsTimes-Standard
Skechers agrees to pay $ 50 million to settle toning-shoe casesLos Angeles Times
Skechers faces sneaker advertising fineWCAX
CNN -Washington Post -San Francisco Chronicle
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Globe and Mail
Sears Swings to Profit on Asset Sales
Wall Street Journal
By MIA LAMAR, Sears Holdings Corp. swung to a profit in its fiscal first quarter on a boost from shedding some real estate, part of slimming-down the retailer signaled Thursday it intends to continue as it revealed plans to trim its stake in Sears
Sears to partially spin off Canada businessChicago Tribune
Sears Holdings returns to a profit in 1st quarterHouston Chronicle

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May 17 2012

GLOBAL MARKETS: European Stocks Slightly Lower; Spanish Auction Eyed – Wall Street Journal

Category: BusinessShort Irish Guy @ 3:54 am

Toronto Star
GLOBAL MARKETS: European Stocks Slightly Lower; Spanish Auction Eyed
Wall Street Journal
By Michele Maatouk LONDON (Dow Jones)–European stocks were slightly lower Thursday as investors continued to assess the situation in Greece and ahead of a Spanish bond auction. Thursday's session is expected to remain fairly quiet, with light volumes,
European shares extend losses on Greek worriesReuters
FTSE 100 banks stay under pressureFinancial Times
European Stocks Drop as ECB Pauses Greek Bank LendingBloomberg
CNBC.com -BusinessWeek -Reuters India
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Globe and Mail
Asian Shares Mostly Higher As Europe Jitters Subside
Wall Street Journal
By Daniel Inman HONG KONG (Dow Jones)–Asian markets mostly edged higher Thursday, stabilizing after heavy selling Wednesday, as worries subsided for now over Europe as Greece prepares to hold fresh elections in June. While uncertainty persists over
Asian markets edge higher but Greek fears weighEconomic Times
Asian Stocks, Oil Gain on Fed Easing Signal; Europe Shares FallBusinessWeek
Global shares recover slightly, but Greece fears remainReuters
Boston.com -Bloomberg -New York Times
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NEWS.com.au
'London Whale' Said to Be Leaving JPMorgan
New York Times
By JESSICA SILVER-GREENBERG and NELSON D. SCHWARTZ Bruno Iksil, the so-called London Whale at the center of the trading debacle, is expected to leave the bank, according to current and former colleagues. The timing of the departure is unclear.
From 'Caveman' to 'Whale'Wall Street Journal
Could Taxes Have Prevented Rampage Of The London Whale?Forbes
JPMorgan Chase Still Employs Trader Bruno Iksil, Spokesman SaysBloomberg
Reuters -This is Money
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New York Times
HSBC Targets Extra Revenue from Business Units
New York Times
By JULIA WERDIGIER HSBC doubled its target on Thursday for additional revenue that the bank plans to achieve by referring more clients between its investment banking and commercial banking units. HSBC said it would generate an additional $ 1 billion in
HSBC says getting bank in shape, euro zone a worryReuters
HSBC targets cross-selling revenue boostFinancial Times
HSBC Expects to Meet Top End of Savings Goal at $ 3.5BBloomberg
Chicago Tribune -NASDAQ -Wall Street Journal (India)
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USA TODAY
US stock index futures signal slight bounce
Reuters
| PARIS May 17 (Reuters) – * US stock index futures pointed to a higher open on Wall Street on Thursday, with futures for the S&P 500 up 0.25 percent, Dow Jones futures up 0.25 percent and Nasdaq 100 futures up 0.29 percent at 0809 GMT.
Greece worries weigh on US stocksCNN
U.S. Stock-Index Futures Pare Their Earlier DeclineBloomberg
US Stocks Up After Three-Day Slide; Greece Keeps Lid On GainsWall Street Journal
BusinessWeek -Los Angeles Times
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