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Stocks: Europe fears vs. Facebook anticipation

Crazy Pennys — Fri, 18 May 2012 15:25:32 +0000

U.S. investors continue to worry about Europe’s sovereign debt issues, with stocks opening little changed ahead of Facebook’s debut on the Nasdaq.
Business and financial news – CNNMoney.com

GREEK BANKS FEEL STRAIN

Crazy Pennys — Fri, 18 May 2012 10:41:20 +0000

The Greek financial system is straining hard for cash.
Business and financial news – CNNMoney.com

Flight to safety: 10-year yield at record low

Crazy Pennys — Fri, 18 May 2012 05:55:09 +0000

Investors fled stocks and made a rush toward the safety of U.S. Treasuries Thursday, sending 10-year yield to a record low close, as worries about Greece’s future in the eurozone continued to escalate.
Business and financial news – CNNMoney.com

What they’re worth

Crazy Pennys — Fri, 18 May 2012 01:10:50 +0000

Facebook’s IPO has minted at least a half-dozen new billionaires, including founder Mark Zuckerberg and Facebook’s earliest investors.
Business and financial news – CNNMoney.com

GREECE DEEPER IN ‘JUNK’

Crazy Pennys — Thu, 17 May 2012 20:24:13 +0000

The credit rating on Greece’s government debt was downgraded deeper into junk bond territory on Thursday.
Business and financial news – CNNMoney.com

Facebook IPO to price Thursday

Crazy Pennys — Thu, 17 May 2012 15:40:18 +0000

Facebook’s long road to an initial public offering is coming to an end. Late Thursday, it will fill in one last piece of the puzzle: Its final IPO price.Facebook’s IPO price is available to the deal’s underwriters and their bigwig clients. Regular folks will get to buy at market price the next day.
Business and financial news – CNNMoney.com

STOCKS: FOCUS ON U.S.

Crazy Pennys — Thu, 17 May 2012 10:56:10 +0000

U.S. stocks were poised to open higher Thursday, as investors look past the latest European worries and await key earnings and economic reports, as well as the final pricing for Facebook’s initial public offering.
Business and financial news – CNNMoney.com

Short-seller Einhorn targets Amazon

Crazy Pennys — Thu, 17 May 2012 06:08:04 +0000

Noted short-seller David Einhorn targeted Amazon and Martin Marietta Materials on Wednesday but was curiously silent on Herbalife.
Business and financial news – CNNMoney.com

VERIZON WILL LIMIT DATA

Crazy Pennys — Thu, 17 May 2012 01:23:30 +0000

Verizon Wireless is planning this summer to begin forcing smartphone customers with unlimited data plans to switch to tiered plans when they upgrade, the company’s chief financial officer told Wall Street analysts on Wednesday.
Business and financial news – CNNMoney.com

FED FEARS FISCAL CLIFF

Crazy Pennys — Wed, 16 May 2012 20:37:42 +0000

The Federal Reserve is worried about indecision in Congress.
Business and financial news – CNNMoney.com