Dewey to consider bankruptcy filing: source
NEW YORK (Reuters) – Ailing law firm Dewey & LeBoeuf is considering a bankruptcy filing as new debtholders take a more aggressive track, shifting away from earlier attempts at an out-of-court liquidation, a person familiar with the matter said on Friday. The majority of Dewey’s partners have quit as a result of concerns about compensation, [...]
Facebook: Zuckerberg’s flight to stardom at 28 – Moneycontrol.com
Moneycontrol.com Facebook: Zuckerberg's flight to stardom at 28Moneycontrol.comFacebook, the world's largest social network goes down in history for pulling off the world's largest IPO ever with 421 million shares on offer. Now while its valuation has caused shock enough, it would be shortsighted to measure the Facebook …Facebook stock finishes flat in debutIndependent Online"I'm not [...]
Wall St Week Ahead: The 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 next 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 [...]
Germany’s Merkel, Greece president discussed Greek euro vote – Reuters
Globe and Mail Germany's Merkel, Greece president discussed Greek euro voteReutersGerman Chancellor Angela Merkel discussed with Greece's president on Friday whether his country should hold a referendum on staying in the Euro, a Greek government spokesman said. "(Merkel) relayed to the President (Karolos Papoulias)thoughts about …Merkel suggests Greek referendum on euroMarketWatchGreece: Germany's Merkel suggests euro [...]
EU Morning Report- Greek and Spanish woes weigh on the euro
The euro (EUR) plummeted against the dollar sliding to a four-month low at 1.2655 from 1.2748 as risk aversion dominates the markets. World equities tumbled as investors fear that Greece may leave the euro after the second election in the country in June. Poor economic data from the US and concerns about the growing [...]