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FRESH NEWS FROM THE MARKET




Facebook's IPO one of world's largest

A Facebook logo is displayed on the screen of an iPad, Wednesday, May 16, 2012 in New York. Facebook's initial public offering is one of the most hotly anticipated in years. The company is likely to have an estimated market valuation of $100 billion when its shares begin trading on the Nasdaq stock market on Friday. (AP Photo/James H. Collins)Facebook is about to find out just how much status updates, puppy photos and billions of "likes" are worth on Wall Street.



Publ.Date : 2012-05-18T04:07:58Z

China shadow looming, Taiwan's Ma set for 2nd term

FILE - In this Saturday, Jan. 14, 2012 file photo, Taiwanese President Ma Ying-jeou declares victory in the presidential election in Taipei, Taiwan. Ma has leveraged growing economic ties with China to reduce tensions to their lowest level since the two sides split in 1949. (AP Photo/Wally Santana)Taiwan President Ma Ying-jeou has leveraged growing economic ties with China to reduce tensions to their lowest level since the two sides split in 1949. China's incessant effort to draw the democratic island closer politically has been on the back burner, and as Ma's second term begins Sunday the question is whether he can keep it there.



Publ.Date : 2012-05-18T05:27:20Z

GM to make first sports car with SS nameplate

A Chevrolet logo is seen on the front of a Volt electric vehicle during the press days for the North American International Auto show in DetroitDETROIT (Reuters) - General Motors Co, the largest U.S. automaker, will begin selling its first rear-wheel-drive performance sedan under the Chevrolet brand in the United States in 17 years, it said Thursday. The Chevrolet SS will be equipped with a V8 engine and built as a 2014 model. It will arrive in showrooms in late 2013. The production car will also double as GM's NASCAR race car and will debut in the 2013 Daytona 500 next year. The NASCAR version and the one to be sold in showrooms look so much alike that GM plans to camouflage the NASCAR model while testing, spokesman Monte Doran said. ...



Publ.Date : 2012-05-17T18:46:45Z

Japan launches rocket with first foreign satellite

A H-2A rocket lifts off from the Japan Aerospace Exploration Agency's Tanegashima Space Center on Tanegashima Island in Kagoshima Prefecture, southwestern Japan, early Friday, May 18, 2012. JAXA and Mitsubishi Heavy Industries Ltd. successfully launched a South Korean satellite into space aboard the rocket, local media said. (AP Photo/Kyodo News) JAPAN OUT, MANDATORY CREDIT, NO LICENSING IN CHINA, HONG KONG, JAPAN, SOUTH KOREA AND FRANCEA rocket has lifted off in Japan in the country's first commercial launch of a foreign satellite — one from South Korea designed to monitor the environment.



Publ.Date : 2012-05-18T04:37:43Z

HP mulls cutting at least 25,000 jobs: sources

File photograph of a woman walking past the Hewlett Packard logo at its French headquarters in Issy le Moulineaux(Reuters) - Hewlett-Packard Co is considering cutting its workforce by 8 to 10 percent, or a minimum of 25,000 jobs, sources familiar with the matter told Reuters, as newly installed CEO Meg Whitman strives to return the storied Silicon Valley institution to growth. The job cuts, which could include retirements, are under discussion but have not yet been finalized, several people familiar with the situation told Reuters. The sources did not elaborate on a time frame or other details. ...



Publ.Date : 2012-05-17T19:25:08Z

Nervous investors send S&P lower for fifth day

Traders work on the floor of the New York Stock ExchangeNEW YORK (Reuters) - Stocks hit a four-month low on Thursday as rising Spanish bond yields increased investor anxiety over that country's banks and another round of weak data undermined hopes for U.S. economic recovery. Growing worries over developments in the euro zone and lackluster economic data pushed the S&P's losing streak to five consecutive days. The index, which closed at a level not seen since mid-January, has now relinquished more than half of its gains from the first quarter. ...



Publ.Date : 2012-05-17T23:37:24Z

Asia stocks fall on US, eurozone worries
Asian stocks plunged Friday after discouraging U.S. economic reports unnerved investors already worried about the stability of the 17-country eurozone.
Publ.Date : 2012-05-18T02:31:12Z

Wal-Mart's 1Q profit up 10.1 percent

FILE - In this Feb. 20, 2012, file photo, customers walk into and out of a Wal-Mart store in Methuen, Mass. Wal-Mart Stores Inc. reported a 10.1 percent increase in first-quarter profit that beat Wall Street estimates, reported Thursday, May 17, 2012. The world’s largest retailer also offered an upbeat profit outlook for the current quarter. (AP Photo/Elise Amendola, File)Wal-Mart may have gotten its groove back, but an alleged bribery scheme threatens to curtail its progress.



Publ.Date : 2012-05-18T00:16:36Z


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