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Thu, 17 May 2012 23:06:23 GMT

Why Facebook won't start trading at the opening bell
CNNMoney
By Julianne Pepitone @CNNMoneyTech May 17, 2012: 7:03 PM ET Want to buy a share of Facebook? You'll have to wait an hour or so after the opening bell to do it. NEW YORK (CNNMoney) -- The most hyped IPO of the year is here, but you won't be able to ...
Facebook prices its IPO at $38 ahead of Friday's tradingUSA TODAY
How Mark Zuckerberg Hacked the ValleyBusinessWeek
CORRECT: AT A GLANCE: Facebook IPO Prices At $38/ShareWall Street Journal
The Associated Press -MarketWatch -Washington Post
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Thu, 17 May 2012 22:37:46 GMT

Spanish Banks Downgraded as Borrowing Costs Soar
CNBC.com
Spain's borrowing costs shot up at a bond auction on Thursday and its troubled banks suffered a double blow, with shares in part-nationalized Bankia diving and 16 lenders — including the euro zone's biggest — having their credit ratings cut.
Bankia bought own shares before bailoutFinancial Times
Aust bonds up as Spanish banks take hitSydney Morning Herald
Spain banking sector shaken by report of bank runSeattle Post Intelligencer
Reuters -MarketWatch
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Thu, 17 May 2012 22:02:14 GMT

Report: Hewlett-Packard to slash 25000 workers
USA TODAY
By Jon Swartz, USA TODAY SAN MATEO, Calif. – Hewlett-Packard is considering eliminating up to 25000 jobs — 7% of its workforce — to slash costs and help the venerable tech company cope with declining demand for computers and services, according to ...
HP to axe 30000 jobs to cut costsFinancial Times
Hewlett-Packard to Cut About 30000 JobsNew York Times
As Whitman cranks up HP layoff machine, company could top 120000 layoffs since ...San Jose Mercury News
Bloomberg -KCRA Sacramento
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Thu, 17 May 2012 21:50:40 GMT

Moody's downgrades Spanish banks
CNN
NEW YORK (CNNMoney) -- Rating agency Moody's downgraded 16 Spanish banks on Thursday, the latest sign of distress in Europe. Among those downgraded were giants Banco Santander and BBVA, the country's two largest banks. Moody's cited concerns about the ...
Santander, BBVA Among 16 Spanish Banks Downgraded by Moody'sSan Francisco Chronicle
Spanish banks have credit ratings cut by Moody'sBBC News
Moody's downgrades 16 Spanish banksAFP
Wall Street Journal
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Thu, 17 May 2012 23:32:32 GMT

US Solar Tariffs on Chinese Cells May Boost Prices
Bloomberg
The US yesterday imposed tariffs of as much as 250 percent on Chinese-made solar cells to aid domestic manufacturers beset by foreign competition, though critics said the decision may end up raising prices and hurting the US renewable energy industry.
Trade war fears over solar cells dutiesFinancial Times
US imposes tariff on Chinese solar panels, a victory for US manufacturersChristian Science Monitor
US hits Chinese solar panel with hefty tariffsUSA TODAY
Reuters India -The Guardian -CNBC.com
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Thu, 17 May 2012 21:37:55 GMT

Worries about Europe, weak economic report push 10-year yield to 1.69 percent
Washington Post
A benchmark Treasury yield neared an all-time low Thursday as worries over Europe and a weak report on the US economy send traders into the safety of US government bonds. At the end of the regular trading day, the yield on the 10-year note fell to 1.69 ...
U.S. 10-Year Yields Approach Record Low on Economic Data, EuropeSan Francisco Chronicle
CREDIT MARKETS: Treasury Yields Approach Record LowsWall Street Journal
Ten-year Treasury rate sinks to a new lowHouston Chronicle

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Thu, 17 May 2012 22:48:44 GMT

EU Commission chief confident euro zone and Europe will do what it takes to ...
Washington Post
UNITED NATIONS — The head of the European Union Commission told the UN General Assembly on Thursday that he is “fully confident” the 17 countries using the euro and all European institutions will do whatever is necessary to overcome the current ...
Euro under fire after Greece, Spain downgradesEconomic Times
FOREX-Yen advances; Greece, Spain woes slam euroReuters
Greek Leftist Leader Throws Down Gauntlet on DebtWall Street Journal
The Guardian -Sydney Morning Herald -Bloomberg
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Thu, 17 May 2012 21:22:03 GMT

Lessons From a Hedge Fund Conference
BusinessWeek
By Sheelah Kolhatkar on May 17, 2012 Every year, the Ira Sohn foundation invites a group of esteemed money managers to present investment ideas to raise money for pediatric cancer and other children's illnesses. And every year, those ideas are picked ...
Hedge-Fund Stars Come OutWall Street Journal
No big insights at "best ideas" hedge-fund eventReuters
John Paulson to make first Sohn conference speechMarketWatch
Forbes -Financial Times
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Thu, 17 May 2012 22:59:59 GMT

Berkshire to Buy 63 Newspapers as Buffett Expands Media Bet
San Francisco Chronicle
(Updates share price in seventh paragraph.) May 17 (Bloomberg) -- Berkshire Hathaway Inc. agreed to pay $142 million for Media General Inc.'s newspapers including the Richmond Times-Dispatch as Warren Buffett bets community-focused publications will ...
Warren Buffett's expanded newspaper presence will test industry profitabilityWinston-Salem Journal
Buffett's Berkshire Hathaway to buy News Herald, Media General newspapersMorganton News Herald
Berkshire to buy Media General newspapersDaily Mail - Charleston
Hickory Daily Record -WRBL -Washington Post
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Thu, 17 May 2012 22:40:53 GMT

MGIC Sues Freddie Mac, FHFA Over Insurance Dispute
Wall Street Journal
By Andrew R. Johnson Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--Mortgage insurer MGIC Investment Corp. (MTG) said Thursday it filed a lawsuit against Freddie Mac (FMCC) and the Federal Housing Finance Agency, in a long-running dispute over certain ...
MGIC sues Freddie Mac in insurance disputeReuters
Mortgage Rates in U.S. Fall to Record Lows With 30-Year at 3.79%Bloomberg
Average US rate on 30-year fixed mortgage down to record low of 3.79 pct.; 15 ...Washington Post

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