2012-05-20T14:29:50Z
Wall Street Week Ahead: Market is oversold, but major signs say "sell"
 NEW YORK (Reuters) - Normally a big decline would set up Wall Street for a technical rebound. But that may not be the case this week, even after the market posted its worst weekly loss for the year and the S&P fell for six straight sessions. With the corporate earnings season drawing to an end and recent U.S. economic data raising doubts about the pace of growth, the S&P 500, which is down 7.3 percent so far in May, could decline further this week as concerns about the financial health of Europe persist. ...
|
2012-05-21T03:10:32Z
Markets regain ground but still edgy over Greece
 TOKYO (Reuters) - Markets recovered some ground on Monday after last week's heavy losses, but investors remained wary about the euro zone despite world leaders calling for Greece to stay in the monetary union and for Europe to balance austerity with growth. Leaders of G8 major industrialized nations meeting at the weekend vowed to take steps to combat financial turmoil and revitalize a global economy threatened by Europe's debt crisis, but they offered no specific prescription for debt-crippled Greece which holds fresh elections next month. ...
|
2012-05-21T02:31:08Z
Alibaba buys back 20 percent stake held by Yahoo for $7.1 billion
 (Reuters) - Yahoo Inc said it is to sell up to half of its stake in Internet entrepreneur Jack Ma's Alibaba Group back to the Chinese company for $7.1 billion, and hand most of the sale proceeds to its shareholders. The deal caps years of discussions between the two companies over Alibaba reclaiming some or all of the 40 percent stake in the Chinese e-commerce firm that Yahoo bought for about $1 billion in 2005. Under the agreement, Yahoo will sell half of that stake in Alibaba for at least $6.3 billion in cash and up to $800 million in new Alibaba preferred stock. ...
|
2012-05-21T01:28:33Z
Facebook faces crucial week after modest debut
 NEW YORK (Reuters) - Newly issued shares in Facebook Inc may have a hard time in the coming week if lead underwriter Morgan Stanley stops supporting the stock and managers lower down in the IPO book who were hoping for an early surge decide to get out before going underwater. Facebook on Friday sold 421 million shares of stock in a deal that valued the company at more than $100 billion. But investors, expecting a first-day pop in price, instead saw it close just 0.6 percent above the IPO price at $38.23. ...
|
2012-05-21T02:46:35Z
Nasdaq to revamp system after tech problems on Facebook IPO: WSJ
 (Reuters) - The Nasdaq is planning to revamp its systems for handling stock offerings after acknowledging that technology problems had affected trading in millions of newly issued Facebook shares on Friday, the Wall Street Journal reported. Individual investors were left in the dark for hours on Friday about whether their buy and sell orders for Facebook shares had actually been executed, in the latest of a series high-profile exchange glitches. ...
|