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Stock market falls as Facebook makes shaky debut

Fri, 18 May 2012 20:03:16 GMT

Stocks fell on Friday as Facebook made a shaky debut and finished its first day of trading little changed from its IPO price. Broad market indexes were sharply lower as turned cautious before leaders of the Group of Eight nations met to dicsuss the eurozone debt crisis.

Facebook shares trim gains after early pop

Fri, 18 May 2012 16:06:31 GMT

Shares of Facebook rose early in the market debut of one of the most anticipated initial public offerings ever. But they soon lost some of their pop.Shares of Facebook rose early in the market debut of one of the most anticipated initial public offerings ever. But they soon lost some of their pop.

Facebook CEO Zuckerberg opens trading at Nasdaq

Fri, 18 May 2012 13:32:42 GMT

Facebook’s founder and CEO Mark Zuckerberg rang the opening bell at the Nasdaq stock market Friday, signaling the start of share dealing in the U.S.

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Fri, 18 May 2012 13:32:42 GMT

Stocks edge lower; all eyes on Facebook

Fri, 18 May 2012 18:12:34 GMT

Stocks edged lower Friday, but major indexes were setting up to close their worst week of the year.

Getting older and going, or going back, to work

Fri, 18 May 2012 11:20:28 GMT

The tough job market has been so hard on some Americans that they have dropped out of the running altogether. But here’s a surprising twist: Generally, that’s not been true of older Americans.The tough job market has been so hard on some Americans that they have dropped out of the running altogether. But here’s a surprising twist: Generally, that’s not been true of older Americans.

European leaders add to rising fears of breakup

Thu, 17 May 2012 15:18:21 GMT

European officials are playing a dangerous game of chicken with Greece.European officials are playing a dangerous game of chicken with Greece.

Mortgage rates still falling, hit record lows

Thu, 17 May 2012 16:00:23 GMT

Mortgage rates have continued to fall over the past week, setting record lows for both 30-year and 15-year contracts, mortgage giant Freddie Mac said Thursday. The 30-year benchmark now stands at 3.79 percent, down from 3.83 percent a week ago, with an average "point" fee of 0.

Flat jobless claims raise worries about job market

Thu, 17 May 2012 12:43:59 GMT

New claims for unemployment benefits were unchanged last week, according to government data that will do little to ease concerns about a recent slowdown in jobs growth.

Sober Fed is keeping the bond-buying door open

Wed, 16 May 2012 18:16:29 GMT

Federal Reserve policymakers kept the door open to a fresh round of monetary stimulus, citing downside risks to a moderately expanding economy, according to minutes for the central bank's April meeting.

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Wed, 16 May 2012 18:16:29 GMT

Retail sales slow, raising worries about economy

Tue, 15 May 2012 12:57:25 GMT

Sales at U.S. retailers barely rose in April as the boost from an unseasonably warm winter faded, pointing to some loss of momentum in consumer spending early in the second quarter.Sales at U.S. retailers barely rose in April as the boost from an unseasonably warm winter faded, pointing to some loss of momentum in consumer spending early in the second quarter.

Consumer prices flat in April as gasoline slides

Tue, 15 May 2012 13:12:16 GMT

Consumer prices were flat in April as households paid less for gasoline and natural gas, possibly giving the U.S. Federal Reserve more room to help economic growth should the recovery stumble.Consumer prices were flat in April as households paid less for gasoline and natural gas, possibly giving the U.S. Federal Reserve more room to help economic growth should the recovery stumble.

Washington may be too small a dog to watch Wall Street

Mon, 14 May 2012 18:18:23 GMT

The multi-billion-dollar trading losses at JPMorgan have renewed concerns that the largest U.S. banks are too massive to regulate and that the government may not be up to the task. The multi-billion-dollar trading losses at JPMorgan have renewed concerns that the largest U.S. banks are too massive to regulate and that the government may not be up to the task.

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Mon, 14 May 2012 18:18:23 GMT

Out of benefits even as job picture improves

Mon, 14 May 2012 13:20:08 GMT

The improving employment situation in South Carolina should be good news for Jennifer Moss, offering hope she can find finally land a job after a year and a half without work. But in a way, it’s been another blow.The improving employment situation in South Carolina should be good news for Jennifer Moss, offering hope she can find finally land a job after a year and a half without work. But in a way, it’s been another blow.

Chase, Europe may weigh on markets this week

Sun, 13 May 2012 15:04:20 GMT

NEW YORK --- More volatility could be in store for stocks next week as investors grapple with less certainty about the economic outlook and a new blow to the financial sector after JPMorgan Chase's trading loss.

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Sun, 13 May 2012 15:04:20 GMT

Tech stocks getting a bit fizzy, if not bubbly

Fri, 11 May 2012 11:24:15 GMT

The imminent initial public offering of Facebook renews a question that has been on the market's collective mind: Are we in the midst of a new tech stock bubble?The imminent initial public offering of Facebook renews a question that has been on the market's collective mind: Are we in the midst of a new tech stock bubble?

On Wall Street, a battle of hoodies vs. the suits

Fri, 11 May 2012 12:36:02 GMT

But some style gurus believe Facebook's Mark Zuckerberg calculatedly donned his normal dorm-frumpy garb to send New York's financiers a crisp signal: "The West Coast techies truly fuel this economy."But some style gurus believe Facebook's Mark Zuckerberg calculatedly donned his normal dorm-frumpy garb to send New York's financiers a crisp signal: "The West Coast techies truly fuel this economy."

Wholesale inflation drops on slumping energy prices

Fri, 11 May 2012 12:51:44 GMT

Producer prices took a surprise tumble in April, led by a sharp drop in energy costs for manufacturers such as factories, refineries and farms. The Labor Department reported Friday that the producer price index dropped a seasonally-adjusted 0.2 percent last month.

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Fri, 11 May 2012 12:51:44 GMT

Americans' pessimism on economy growing

Fri, 11 May 2012 13:07:48 GMT

President Barack Obama waves as he boards Air Force One before his departure from Andrews Air Force Base, Md.,Thursday, May, 10, 2012. Americans are growing more pessimistic about the economy and handling it remains President Barack Obama's weak spot and biggest challenge in his bid for a second term, according to a new Associated Press-GfK poll.

Bernanke: Even worthy borrowers can't get mortgages

Thu, 10 May 2012 16:37:26 GMT

Banks have become so restrictive in making mortgages that many worthy homebuyers are being frozen out of the U.S. housing market, Federal Reserve Chairman Ben Bernanke said.Banks have become so restrictive in making mortgages that many worthy homebuyers are being frozen out of the U.S. housing market, Federal Reserve Chairman Ben Bernanke said.

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Thu, 10 May 2012 16:37:26 GMT

Greek turmoil deepens Europe's debt crisis

Thu, 10 May 2012 18:55:40 GMT

The deepening political turmoil in Greece has begun reverberating throughout the global financial markets as Athens’ failure to form a government threatens to further undermine the battered European economy.

Sony posts record annual loss of $5.7B

Thu, 10 May 2012 12:13:48 GMT

Sony Corp. racked up its fourth straight year of red ink as the once-glorious maker of the Walkman and PlayStation struggles toward a turnaround.

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Thu, 10 May 2012 12:13:48 GMT

Jobless claims slip slightly in latest week

Thu, 10 May 2012 12:41:43 GMT

The number of Americans filing for unemployment benefits edged marginally lower in the latest week, showing the job market is heading haltingly in the right direction.

US trade gap widens as imports surge

Thu, 10 May 2012 13:00:51 GMT

The U.S. trade deficit widened more than expected in March as imports surged to a record high, in another sign the government may have to scale back its estimate of first-quarter economic growth. The trade gap grew 14.1 percent to $51.The U.S. trade deficit widened more than expected in March as imports surged to a record high, in another sign the government may have to scale back its estimate of first-quarter economic growth. The trade gap grew 14.1 percent to $51.

Disney shares ride 'Avengers' to record high

Wed, 9 May 2012 16:03:15 GMT

Walt Disney shares bucked a negative market trend and rose to a record high after the company announced a sequel to its superhero flick, "The Avengers," and posted a rise in quarterly profit.Walt Disney shares bucked a negative market trend and rose to a record high after the company announced a sequel to its superhero flick, "The Avengers," and posted a rise in quarterly profit.

A non-investors guide to Facebook's IPO

Wed, 9 May 2012 11:08:42 GMT

The media frenzy over Facebook's IPO has a lot of people wondering how the process works and how well it's going, even though most small investors won't be able to get in on the opening day action.The media frenzy over Facebook's IPO has a lot of people wondering how the process works and how well it's going, even though most small investors won't be able to get in on the opening day action.

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Wed, 9 May 2012 11:08:42 GMT

Government slashes forecast for summer gas prices

Tue, 8 May 2012 23:51:45 GMT

The government says gasoline will be cheaper this summer than previously expected. The Energy Department says drivers should pay an average of $3.79 per gallon from April through September.

Facebook IPO show hits Boston, sans video, Zuckerberg

Tue, 8 May 2012 15:29:59 GMT

Facebook Inc's initial public offering pitch played to some bad reviews in New York, so for its Boston audience on Tuesday, the 30-minute video was scrapped and the company took more questions from analysts and potential investors.Facebook Inc's initial public offering pitch played to some bad reviews in New York, so for its Boston audience on Tuesday, the 30-minute video was scrapped and the company took more questions from analysts and potential investors.

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Tue, 8 May 2012 15:29:59 GMT