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May 18, 2012 9:33 AM EDT
Indigestion

There was a lot to digest yesterday, in what should have been a fairly benign trading day. Federal Reserve Chairman Ben Bernanke goes before Congress today, in the first of two days of hearings. That should have put many on hold. However, the Treasury made an announcement at noon, increasing its supplementary Financing Program, SPF, to $200 billion from $5 billion. There will be eight $25 billion, 56-day SPF bill sales, each Wednesday at 11:30... 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

AAPL +/- An Apple Inc. senior executive said that the iPhone and Mac maker has looked at large cos. as part of its mergers and acquisition strategy, but none have passed muster. COO Tim Cook noted AAPL has traditionally made small acquisitio...


Fed Pres Bullard +/- St. Louis Federal Reserve Bank President James Bullard said on Tues. that regulatory reform proposals before Congress probably won't prevent a future crisis and could hamper the central bank's ability to deal with one. Fed Pres Bull...


C + Citigroup Inc. is in talks to sell a hedge-fund business with about $4B in assets as the bank co. continues to whittle down a $547B pool of assets marked for sale, according to people familiar with the sale talks. SkyBridge Capital, a NY...


Consumer Confidence - ABC News reported that its weekly measure of U.S. consumer confidence slipped
further toward its all-time low, indicating that American households are becoming ever more fretful over their personal finances. The ABC Consumer Comfort Ind...


NMR +  Nomura Holdings Inc. will almost triple annual salaries for some investment-banking and trading recruits, closing a compensation gap with workers who joined in the 2008 takeover of Lehman Brothers Holdings Inc.’s Asian unit. 




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Ups & Downs

AUO  
OPCO 
DOWN  
BRCD  
RBCM 
DOWN  
BRCD  
STFL 
DOWN  
BRCD  
JEFF 
DOWN  
CPB  
DBAB 
DOWN  
APEI  
SALI 
UP  
AVAV  
RHCO 
UP  
CPN  
UBSW 
UP  
LAMR  
JEFF 
UP  
LFC  
HSBC 
UP  


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