Facebook, a year later…
Facebook has had a rough week. Since its initial public offering last Friday, its stock continues to trade nearly 13 percent below its $38 initial offering price. Yet the record of past technology IPOs suggests there’s reason to be optimistic. Other
VIENNA (AP) — Austria's finance minister is rejecting the idea of introducing jointly issued eurobonds any time soon and says that running up new debts to finance growth is "nonsense."
NEW YORK (AP) — The botched offering of Facebook stock has raised several troubling questions, but at least we don't have to worry about the one that plagues many IPOs: How are a few select investors able to buy in early at lower prices and then pocket huge profits when the trading frenzy begins?
A look at economic developments and activity in major stock markets around the world Friday:
NEW YORK (AP) — Another flare-up in Europe's debt crisis knocked U.S. markets lower Friday. This time, it was more trouble at a major Spanish bank.
Facebook Inc. began trading publicly last Friday following one of the most anticipated stock offerings in history. The initial public offering of stock priced at $38 a day earlier. That was at the top of a projected range that Facebook had already boosted just days earlier.
NEW YORK (AP) — Stocks that moved substantially or traded heavily Friday on the New York Stock Exchange and Nasdaq Stock Market:
Concerns about Europe pushed U.S. markets lower Friday but didn't erase all the gains from Monday and Thursday. The Dow Jones industrial average finished up for the week for the first time in May.
Wheat prices rose 2.6 percent Friday as questions persisted about how much dry weather has affected the crop in Kansas.
MAY'S WILD RIDE: Wheat rose 2.6 percent as questions persisted about how much dry weather has affected the crop in Kansas. In a matter of two weeks, the price has hit a high for the year and also nearly hit a 2012 low, largely because of weather issues.
BERLIN (AP) — A study shows German consumers remain cautiously confident in Europe's largest economy despite uncertainty in the wider 17-nation eurozone.
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