(AP:NEW YORK) Facebook has set a price range of $28 to $35 for its initial public offering of stock.
At the high end, this could raise as much as $11.8 billion.
That's much higher than any other Internet IPO in the past, even Google Inc. in 2004.
The range came in a regulatory filing Thursday.
The Wall Street Journal reported earlier Thursday that the price range would value Facebook Inc. at $85 billion to $95 billion. Continue reading "Facebook sets $28 to $35 price range for IPO"
Hello traders everywhere! Jeremy Lutz here with your mid-day market update for Thursday, the 3rd of May.
While Adam is away we will be providing the daily update in written form each day, with videos on Monday, Wednesday, and Friday each week.
DailyXchange
Post and prosper with other MarketClub members everyday.
3 Stocks on the move today:
TDC (Teradata), WFM (Whole Foods Market), and SNI (Scripps Networks).
DON'T FIGHT THE MARKET … MOVE WITH THE MARKET! Continue reading "Daily Update: Choppy trading rules the day"
By ANNE D'INNOCENZIO
AP Retail Writer
(AP:NEW YORK) Americans were shopping in April, but they weren't spending as much as expected.
Big retailers including Costco, Macy's and Target on Thursday reported sales in April that missed Wall Street estimates as colder temperatures, an early Easter and renewed worries about the economy dampened shoppers' enthusiasm to buy.
The disappointing results follow strong gains in the previous month that were boosted by a combination of warmer weather and optimism amid a flurry of positive economic news. Continue reading "April retail sales show shoppers spent less"
By CHRIS KAHN
AP Energy Writer
(AP:NEW YORK) Oil prices fell Wednesday on concerns of a weakening European economy and disappointing job growth in the U.S.
Benchmark West Texas Intermediate crude gave up 86 cents to $105.30 per barrel in New York. Brent crude, which helps set the price of oil imported into the U.S., lost $1.35 to $118.31 per barrel in London.
Prices dropped after a survey showed that Europe's manufacturing industry is slowing down. Germany's unemployment figures also increased in April. That's happened only twice in more than two years. A separate report says U.S. businesses added 119,000 jobs in April, far lower than the 201,000 added in March. Continue reading "Oil price falls on concerns about global economy"
Hello traders everywhere! Jeremy Lutz here with your mid-day market update for Wednesday, the 2nd of May.
While Adam is away we will be providing the daily update in written form each day, with videos on Monday, Wednesday, and Friday each week.
DailyXchange
Post and prosper with other MarketClub members everyday.
3 Stocks on the move today:
TRIP (Tripadvisor), PHM (Pulte Group), and DHI (Dr. Horton).
DON'T FIGHT THE MARKET … MOVE WITH THE MARKET! Continue reading "Factory Orders Post Biggest Decline in Three Years"
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