Business/Finance :: Top Story
US Economy Provides Some Relief to Markets
The shockwaves from Greece’s failure to form a coalition government continued to reverberate around markets on Wednesday, though upbeat U.S. economic indicators gave the more positive-inclined investor something to latch on to.
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Indian Rupee Hits All-Time Low Against the Dollar
The Indian rupee hit a fresh all-time low against the dollar Wednesday, as risk averse global investors wary of India’s twin deficits drowned out central bank efforts to stem the currency’s slide.
Facebook Investors to Cash Out More Shares
Insiders and early Facebook investors will be unloading more of their shares in the initial public offering, the company said Wednesday, as they take advantage of investor demand.
Million Moms Target JCPenney Ad Campaign
When the anti-gay One Million Moms targeted JCPenney for their inclusive policies, the resulting backlash ended up being directed against them.
US Consumers Hold Back, Even as Gas Prices Fall
Lower gas prices in April weren’t enough to embolden U.S. consumers to spend much more elsewhere. The Commerce Department said retail sales rose only 0.1 percent last month.
Facebook Raises IPO Price as Offering Nears
Facebook on Tuesday increased the price range at which it plans to sell stock to the public, as investor enthusiasm in the offering continued to mount and boost the potential value of the world’s most popular social network.
How Will JPMorgan’s $2B Loss Affect Banking Rules?
The $2 billion trading loss at JPMorgan Chase has renewed calls for stricter oversight of Wall Street banks. Two years after Congress passed an overhaul of financial rules, many of those changes have yet to be finalized.
GBBC hosts NGLCC Diversity Roadshow & Northeast Regional Summit
The Greater Boston Business Council (GBBC), Massachusetts gay and lesbian chamber of commerce, was host to two prominent National Gay and Lesbian Chamber of Commerce (NGLCC) events from May 2 - 4, 2012.
JPMorgan Exec Becomes First Casualty of Bad Trade
The executive responsible for trading strategy at JPMorgan Chase, one of the highest-ranking women in Wall Street, on Monday became the first casualty of the bank’s stunning $2 billion loss.
Facebook CEO Turns 28, IPO Could be $100B Gift
Facebook’s chief executive turned 28 on, setting in motion the social network’s biggest week ever. The company is expected to start selling stock to the public for the first time and begin trading on the Nasdaq Stock Market on Friday.
Revolving Door: Yahoo Ushers Out Another CEO
Yahoo still has credibility issues, even after casting aside CEO Scott Thompson because his official biography included a college degree that he never received.
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