Industry News
Facebook Flops: Look Out Below! - Barron's
 Telegraph.co.uk | Facebook Flops: Look Out Below! Barron's By ANDREW BARY | MORE ARTICLES BY AUTHOR The most anticipated tech IPO of all time fell flat on Friday, finishing up just 0.6%. If underwriters don't support the stock, Facebook could fall below its offering price. After all the hype and anticipation, ... Facebook stock debut closes near flat After flat debut Facebook awaits market verdict Facebook IPO: Top 5 Reason For Smaller-Than-Expected First-Day Pop |
Barroso: Lenders Stand Firm On Greek Austerity Plan - Wall Street Journal
 AFP | Barroso: Lenders Stand Firm On Greek Austerity Plan Wall Street Journal By STEPHEN FIDLER CAMP DAVID, Md.—Greece shouldn't expect its international lenders to back down with any significant concessions to the austerity program it agreed on earlier this year, the head of the European Union executive said after he attended ... Greek Crisis Poses Choices G8 Leaders Prefer Not to Make Greek Crisis Poses Unwanted Choices for Western Leaders Cameron Says Greek Voters Face Choice on Staying in Euro |
NY trial of ex-P&G, Goldman board member starts - The Associated Press
 The Associated Press | NY trial of ex-P&G, Goldman board member starts The Associated Press By TOM HAYS, AP – 1 minute ago NEW YORK (AP) — The July 29, 2008, phone call between two titans of Wall Street began with the old friends exchanging mild pleasantries, but then quickly turned serious and — by the government's account — criminal. Jury selection set for Monday in NY insider trading trial of ex-P&G, Goldman ... Lack of wire taps a hurdle in Gupta trial |
A Greek Exit? Euro Zone May Be Ready - CNBC.com
 CNBC.com | A Greek Exit? Euro Zone May Be Ready CNBC.com It is increasingly conceivable that Greece may leave the euro zone, not just because of its own political dysfunction but also because the consequences of such an exit for the rest of the Europe and the global economy no longer seem quite so scary. G-8 Says Greece Should Stay in Euro as Differences Linger Merkel did not push Greece referendum idea: witness Rising Greek Political Star, Foe of Austerity, Puts Europe on Edge |
Gold rises but falls short of $US1600 - Sydney Morning Herald
 Globe and Mail | Gold rises but falls short of $US1600 Sydney Morning Herald Gold rose more than 1 per cent on Friday, on track for its largest two-day gain since October, boosted by investors' consolidation of positions ahead of the weekend and a stronger euro. The second day of gains helped bolster confidence, which had been ... Gold Rises for Second Day as Dollar Weakens PRECIOUS METALS: Comex Gold Rebounds To End Wild Week Up 0.5% Gold jumps, heads for biggest 2-day gain since October |
Discord at Key JPMorgan Unit Is Faulted in Loss - New York Times
 New York Times | Discord at Key JPMorgan Unit Is Faulted in Loss New York Times Ever since JPMorgan Chase disclosed a multibillion-dollar trading loss this month, the central mystery has been how a bank known for its skill at risk management could err so badly. As early as 2010, the senior banker who has been blamed for the ... Inside JP Morgan's Blunder COLUMN-JPMorgan's whale in a fishpond: John Kemp JPMorgan's soap opera makes clear that Wall Street is detached from reality |
US Gasoline Falls to $3.78 a Gallon - Bloomberg
 News10.net | US Gasoline Falls to $3.78 a Gallon Bloomberg The average price for regular gasoline at US filling stations fell 6.19 cents in the past two weeks to $3.7833 a gallon, according to Lundberg Survey Inc. The survey covers the two-week period ended May 18 and is based on information received from ... Gas prices down 18 cents since April, survey finds National gas prices down 6 cents in past 2 weeks US gasoline prices fall to $3.78 a gallon |
NYMEX-Crude down, hits biggest 3-wk loss since Aug '11 - Reuters
 AFP | NYMEX-Crude down, hits biggest 3-wk loss since Aug '11 Reuters * Big specs cut bullish oil bets to lowest since 2010-CFTC * Crude to start flow from reversed Seaway pipeline this weekend * Coming up: API weekly inventory data, Tuesday NEW YORK, May 18 (Reuters) - US crude oil futures fell more than 1 percent on ... Oil, Hogs Fall; Gold, Natural Gas Rise: Commodities at Close Oil Falls to Six-Month Low on Europe Crude Skids for Sixth Straight Day |
State unemployment improves to 9.4 percent in April - Jefferson Post
 Newsday | State unemployment improves to 9.4 percent in April Jefferson Post by Adam Orr North Carolina's statewide unemployment picture improved in the month of April, as the state's seasonally adjusted unemployment rate fell to 9.4 percent from March's 9.7 percent, a .3 percent improvement. According to data released Friday, ... Unemployment falls in two thirds of US states Unemployment rate falls in two-thirds of US Florida unemployment falls, but so does labor force |
Corn Takes Off as China Buys - Wall Street Journal
 Financial News | Corn Takes Off as China Buys Wall Street Journal By OWEN FLETCHER CHICAGO—US corn futures jumped 9.4% last week, lifted by concerns about tight current supplies and a rally in wheat prices. The sharp rise came after corn futures had fallen 11% in the month through May 11, dragged down by forecasts ... Wheat Set for Longest Winning Streak Since January on Dryness Wheat, corn, oat and soybean futures rise on the CBOT; beef prices rise US Agriculture Futures Wrap Up |
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