TechnoholikFacebook's Growth Spurt Shows Signs of Leveling OffWall Street JournalMorningstar analyst Rick Summer said comparing Facebook's growth rates to Google's post-IPO might not be an apt analogy given that Google went public at an ear…
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European stocks boosted by Chinese rate cut – Full story
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European stocks boosted by Chinese rate cut (via AFP) European stocks closed higher Thursday, boosted by the first Chinese rate cut in three years, positive US jobs data and signs European leaders were edging towards the tough steps needed to tame the eurozone debt crisis. News that China was cutting interest rates for the first…
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Facebook: From Trophy Property to Fixer-Upper – BusinessWeek
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Facebook: From Trophy Property to Fixer-UpperBusinessWeekBy Tom McNichol on June 05, 2012 The signs appeared next to a six-lot subdivision in Silicon Valley shortly before Facebook's May 18th IPO. Beside a “Lots Available” sign on the property …
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US stocks add 1% but Facebook plunges – Full story
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(via AFP) US stocks rose more than one percent Tuesday helped by hopes that China will launch a stimulus program and signs Greece’s elections might push through a euro-friendly government. But Facebook shares headed in the opposite direction again, dropping nearly 10 percent to $28.84, far below the $38 IPO…
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Sentiment Signals S&P 500 Retreat May Not Be Over – Bloomberg
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Sentiment indicators have yet to show signs of extreme pessimism during the Standard & Poor’s 500 Index (SPX)’s retreat since April, suggesting there is still room for bears to push the market lower, according to UBS AG. While the proportion of newsletter writers who said they are bearish on equities rose to a two-month high…
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Signs of Facebook IPO failure, dots connecting European economy offer clues – Nashua Telegraph
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Signs of Facebook IPO failure, dots connecting European economy offer cluesNashua TelegraphArguably the most anticipated IPO of all time is now one of Wall Street's most embarrassing screw ups. And as usual, it was Main Street that bears the brunt….
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Asian Stocks, Won Decline on Europe Risk, US Economic Data – Bloomberg
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BloombergAsian Stocks, Won Decline on Europe Risk, US Economic DataBloombergAsian stocks fell, erasing this year's gains, and South Korea's won weakened on signs that Europe's debt crisis is worsening and after an unexpected contraction in …
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Brent oil price hits lowest level since December
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(via AFP) The price of Brent crude retreated Thursday, hitting the lowest level for over five months, while oil futures steadied in New York a day after hitting six-month lows amid signs of weak energy demand. Brent North Sea crude struck $108.12 a barrel — which was the lowest point since December 30, 2011…
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Jobless claims steady, mid-Atlantic factories sag – Reuters
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USA TODAYJobless claims steady, mid-Atlantic factories sagReutersBy Jason Lange | WASHINGTON (Reuters) – New claims for jobless benefits last week held at levels suggesting sluggish growth in hiring and factory activity in the mid-Atlantic region contr…
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Home prices tick up in Southern California | HousingWire
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Southern California is beginning to see signs of a tepid recovery with the median sales price in the area edging up to $290,000 in April, according to real estate analytics firm DataQuick. Compared to the months of March 2012 and April 2011 that is a 3.6% price hike, with the median price in both of…