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May 18, 2012 9:31 AM EDT
Step 1

There’s an old adage on Wall Street, “three steps and a stumble”. The Fed has been rather savvy about its timing of statements and market moves. Fed officials will be out in force this week to reassure the public, politicians, and investors that the latest move to raise the discount rate was only intended to back away from the extreme reaction to the financial crisis and was not intended to be the start of a new policy toward tightening. This is... full story >>


Top Stories

Al Lewis: Tax man makes it hard to be an American

Peter Dunn renounced his U.S. citizenship last year so he no longer would have to deal with the Internal Revenue Service, Al Lewis reports.



NewsWatch: Stock futures up ahead of Facebook debut

U.S. stock index futures shake off European worries to post modest gains as investors await Facebook’s much-publicized initial public offering.



Indications: Stock futures up ahead of Facebook debut

U.S. stock index futures shake off European worries to post modest gains as investors await Facebook’s much-publicized initial public offering.



Europe Markets: Europe stocks choppy on Europe, China worries

Europe stocks traded choppy with losses for miners and drinks makers, while banks rebounded from earlier losses related to a downgrade of Spanish banks by Moody’s Investors Service late the prior day, amid talk of a ban on short selling of those institutions.





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Overnight Stocks

Oil +/-

Oil prices rose to $80 a barrel in N.Y. on Mon., boosted by supply worries as a major strike gripped the French oil industry and tensions remained high over Iran's nuclear programme.


Lloyds' CEO + Eric Daniels, Lloyds’ CEO, has become the latest banking boss to waive his bonus in an attempt to defuse the political row about remuneration. Mr. Daniels yesterday told the board that he would not take a £2.3M payout, marking the second...


Greece +/-


AFL +/- Fitch Ratings downgraded disability insurance provider Aflac Inc. one notch and took the insurer off its Negative Watch. The ratings service downgraded Fitch's IDR to A from A+. Both are investment-grade ratings. Fitch also downgrad...


MSFT, AMZN +/- Microsoft Corp. said it reached a patent licensing agreement with Amazon.com Inc. that gives the online retailer rights to use open-source software in its Kindle electronic book reader and servers based on the Linux operating system. Und...




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Ups & Downs

ARYX  
OPCO 
DOWN  
AXA  
CITI 
DOWN  
CVE  
ADAM 
DOWN  
CVE  
FBCO 
DOWN  
ESLR  
LEHM 
DOWN  
ACC  
ARGS 
UP  
CNQ  
FBCO 
UP  
DHX  
STFL 
UP  
HEV  
JEFF 
UP  
JCG  
BMUR 
UP  


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