Current News Stories

Housing market recovery gains traction

Written on May 23, 2012 by Editor - Top News Stories

By Lucia Mutikani WASHINGTON | Wed May 23, 2012 5:12pm EDT WASHINGTON (Reuters) – The U.S. spring home-selling season got off to a strong start in April, with rising sales and prices providing evidence that a housing market recovery was … Continue reading →

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Shareholders sue Facebook, NYSE comes calling

Written on May 23, 2012 by Editor - Stock Markets News

SAN FRANCISCO (Reuters) – The fallout from Facebook Inc‘s messy initial public offering widened on Wednesday as shareholders sued the social network and its bankers while a trading firm revealed a massive loss on the shares and threatened to seek … Continue reading →

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Investors sue Facebook for misleading them on business prospects following post IPO crash

Written on May 23, 2012 by Editor - Stock Markets News

Washington, May 24 (ANI): Investors have sued Facebook and its Wall Street advisers over claims that the social media giant misled them about the company‘s business prospects before its record flotation. The investors filed two lawsuits on Wednesday following allegations … Continue reading →

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Morgan Stanley, others make $100 mln profit on Facebook trades

Written on May 23, 2012 by Editor - Stock Markets News

(Reuters) – Morgan Stanley and other underwriters have made a profit of about $100 million stabilizing Facebook stock since trading began on Friday, the Wall Street Journal said, citing people familiar with the matter. Facebook’s listing, envisioned as a crowning … Continue reading →

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Morgan Stanley, others make $100 million profit on Facebook trades -WSJ

Written on May 23, 2012 by Editor - Stock Markets News

(Reuters) – Morgan Stanley and other underwriters have made a profit of about $100 million stabilizing Facebook stock since trading began on Friday, the Wall Street Journal said, citing people familiar with the matter. Facebook’s listing, envisioned as a crowning … Continue reading →

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Free gay marriage vote for Tories

Written on May 23, 2012 by Editor - Top News Stories

23 May 2012 Last updated at 22:17 ET A number of his ministers have publicly opposed gay marriage Conservative MPs will be allowed a free vote on gay marriage, senior party sources have told the BBC. A formal consultation on … Continue reading →

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Hewlett-Packard cuts 27,000 jobs

Written on May 23, 2012 by Editor - Top News Stories

23 May 2012 Last updated at 17:34 ET Hewlett-Packard hopes to save up to $3.5bn a year Hewlett-Packard, the world’s largest maker of personal computers, is to cut 27,000 jobs by end of 2014. The company said the cuts – … Continue reading →

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Tax effort ‘stunted by job cuts’

Written on May 23, 2012 by Editor - Top News Stories

23 May 2012 Last updated at 19:08 ET The government has instructed HMRC to cut the gap between tax levied and tax collected Impressive efforts have been made by the UK tax authority to collect outstanding tax but more could … Continue reading →

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EU ‘wants Greece in the eurozone’

Written on May 23, 2012 by Editor - Top News Stories

24 May 2012 Last updated at 01:33 ET Please turn on JavaScript. Media requires JavaScript to play. European Council President Herman Van Rompuy: “The eurozone has shown considerable solidarity” EU leaders want Greece to remain in the eurozone but to … Continue reading →

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European shares extend gains after U.S. data

Written on May 22, 2012 by Editor - Stock Markets News

NEW YORK (Reuters) – Stocks rose on Tuesday, led by financial and housing shares, after home resales rose in April to their highest annual rate in nearly two years in another sign that the housing market may be on the … Continue reading →

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