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U.S. stocks: Worst week of the year

Friday, 18 May 2012 16:16 Financial Resources - International Finance
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Stocks closed out an ugly week. Despite initial euphoria surrounding Facebook's public debut, the social network's shares barely popped above its offering price and failed to inspire investors to buy into the broader market.
 

No, Facebook didn't make Bono richest musician

Friday, 18 May 2012 15:01 Financial Resources - International Finance
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Reports of Bono's payday have been greatly exaggerated.
 

FACEBOOK'S MODEST DEBUT

Friday, 18 May 2012 13:45 Financial Resources - International Finance
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Facebook's stock market debut finally came and went -- but for all the breathless hype, shares ended right near their offering price.
 

Does Spain deserve its financial battering?

Friday, 18 May 2012 12:09 Financial Resources - International Finance
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The country, which is in its fifth year of recession, has recently proved ungovernable and has a debt it can probably never repay despite bailouts, may find itself forced to default and reissue its own currency.
 

U.S. stocks: Global fear trumps Facebook debut

Friday, 18 May 2012 10:48 Financial Resources - International Finance
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U.S. investors resumed focus on the global issues plaguing world markets Friday, following a brief euphoric pop from Facebook's debut.
 
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Yahoo Stock Quote

 
 ^IXIC^GSPC^FTSE
Date 5/18/20125/18/20125/21/2012
Time 5:30pm ET4:33pm ET3:23am ET
Trade 2,778.791,295.225,287.60
Change 0.00-9.64-50.78
% Chg 0.00%-0.74%-0.95%
Open 0.001,305.055,267.62
High 0.001,312.245,289.85
Low 0.001,291.985,253.92
Volume 0975,332,2240
Intraday 
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World News

Two killed in heavy clashes in Beirut

BEIRUT (Reuters) - At least two people were killed in Beirut in heavy clashes early on Monday between rival Sunni Muslim gunmen, the latest violence fuelled by tensions over the uprising in neighborin...
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US News

Inmates riot in Mississippi prison, one guard killed

(Reuters) - Inmates seized control of a privately owned prison in Mississippi on Sunday after riots broke out and a guard was killed in the low security facility, authorities said.
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Top Stories

Deportation, 10 years in jail possible for convicted ex-Rutgers student - CNN


Daily Mail
Deportation, 10 years in jail possible for convicted ex-Rutgers student
CNN
By the CNN Wire Staff Dharun Ravi was found guilty of all charges during his March trial. His sentencing is schedule...
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Health

New guidelines call for annual screening in older, heavy smokers - Statesman Journal


Kansas City Star
New guidelines call for annual screening in older, heavy smokers
Statesman Journal
Dr. Steven Birnbaum works with a patient in a CT scanner at Southern New Hampshire Medical Center in Na...
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General Business

Opel CEO to face heat from workers over likely plant closure

FRANKFURT, Germany (Reuters) - The head of General Motors unit Opel will face workers' concerns on Monday over reported plans to shut one of its four German plants as the automaker pulls production o...
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SciTech

Google chairman throws challenge to college goers - Times of India


NDTV
Google chairman throws challenge to college goers
Times of India
NEW YORK: Google Inc Executive Chairman Eric Schmidt challenged college graduates on Sunday to take the radical step -- at least for ...
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Sports

San Antonio Spurs sweep away L.A. Clippers - San Francisco Chronicle


CBC.ca
San Antonio Spurs sweep away L.A. Clippers
San Francisco Chronicle
Tim Duncan scored 21 points, Tony Parker added 17 and the San Antonio Spurs rallied in the final minutes to beat the Clippers 102...
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Entertainment

Best and Worst of the 2012 Billboard Music Awards: Justin Bieber, Whitney ... - E! Online


E! Online
Best and Worst of the 2012 Billboard Music Awards: Justin Bieber, Whitney ...
E! Online
Even with the passing of two music legends this week, the show went on in Las Vegas for the 2012 Billboard...
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US Markets

JPMorgan Chase loss only going to get worse

One thing seems clear about JPMorgan Chase's $2 billion loss. It's no longer $2 billion. It's likely much higher.
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Economy and Government

Ex-Goldman director set for insider trading trial

Rajat Gupta was once a board member at Goldman Sachs and managing director of consulting giant McKinsey & Co. Now, he's the biggest target yet in the government's sprawling insider trading crackdown.
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International Finance

U.S. stocks: Worst week of the year

Stocks closed out an ugly week. Despite initial euphoria surrounding Facebook's public debut, the social network's shares barely popped above its offering price and failed to inspire investors to buy ...
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Commodities

Oil supply deal puts pressure on Iran (Financial Times)

Share With Friends: | | Business - Finance - Commodities News , News Feeds and News via Feedzilla.
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Currencies

Jobs Plans Split Coalition Partners

Vince Cable, business secretary, has vowed to resist “bonkers” proposals to allow bosses to fire underperforming staff at will, as coalition tensions flared over a Number 10-inspired report on cutting...
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Mergers & Aquisitions

PRESS DIGEST - New York Times business news - May 21

May 21 (Reuters) - The following were the top stories on the New York Times business pages on Monday. Reuters has not verified these stories and does not vouch for their accuracy.
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Investing Strategies

Nasdaq CEO Explains Facebook IPO's Bungle

Nasdaq CEO Bob Griefeld will be on high alert Monday morning when newly public company Facebook gets set to trade after Friday's debacle. He tells Maria Bartiromo what went wrong.
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Investing Ideas

The Scoup on IPOs

Cramer explains the little-known mechanics of these popular deals.
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Banking

Discord at Key JPMorgan Unit Is Faulted in Loss

Trans-Atlantic tension in JPMorgan Chase’s chief investment office in 2010 and 2011 contributed to the unit’s giant losing trades in 2012, current and former bankers said, The New York Times reports.
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Mortgages

Mortgage Rates Lower Still, But Progress Is Slow

Mortgage Rates  improved marginally from yesterday's new all-time lows.  Without any major scheduled events to digest, bond markets were left to their own devices and paid a decent amount of a...

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Treasuries

US Bond Yields Hover Near Lows on Euro Zone Worries

U.S. Treasury yields inched higher on Friday, but were still near their lowest levels since September on fears that Greece could leave the euro zone and after Moody's cut the credit ratings of a large...
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Interest Rates

Thai Growth Surges, Economy Bouncing Back From Floods

Thailand's economy expanded a robust 11.0 percent in the first quarter from the previous three months, rebounding from last year's severe flooding, and strong full-year growth is expected due to a jum...
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Real Estate

Far East buyers beware in London property rush

LONDON (Reuters) - When Hong Kong businessman Mr. He paid a 35,000 pound ($56,000) deposit on a four-bedroom apartment in Britain, he believed it was a 40-minute walk from central London, his lawyer s...
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Federal Reserve

Money In Motion, May 18, 2012

A detailed look at currency trading, with CNBC's Brian Sullivan and the Money In Motion traders.
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Hedge Funds

Hedge Fund Elite: What Our 'Best Ideas' Are Now

Once a year, top hedge fund managers get together at a charitable event and share their "best ideas" with hundreds of wealthy investors who pay thousands of dollars to rub shoulders with them.
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Top 5 Up Unusual Volume

18 May 2012 16:00:00 - Top 5 Stocks up on Unusual Volume

  Intraday Unusual Volume - Top 5 Up
Symbol Volume %
Change 		Price %
Change 		News
  SCVL 129%  21.72% news
  YHOO 105%  15.42% news
  MIDD 101%  99.95% news
  BLKB 100%  26.22% news
 ...
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Video Feeds

Data Freak: China's property stocks may shine amid slowdown

May 21 - China may loosen its grip on the key real estate industry to avoid a potential hard-landing.
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Opinion

Pouch.com

If you’re looking for a purse that can keep up with your busy, non-stop life, the iPurse is the purse. Women are busier now than they’ve ever been before, pursuing more education, careers and bal...
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Fashion Report

Take your fashion quotient to zenith with iPurse Pouch

The modern woman has needs that can only be met by modern and chic things. For instance, just imagine an active working woman carrying a big tote bag or a young lady hitting the bar sporting an old, c...

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