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Top Stories Canadian Markets: Canadian stock index gain as gold shares lead Toronto’s benchmark index tallies a second day of gains, keying in part off higher gold futures.
IPO Report: Facebook starts at $42 in debut, then fizzles Social network’s shares jump early after making debut as a public company. Facebook priced its $16 billion IPO at the high end of its expected range.
Real Estate Weekly: ‘Facebook effect’ on Bay Area real estate Facebook’s initial public offering is having a marked effect on San Francisco Bay Area real estate, according to one mortgage banker.
NewsWatch: Facebook surges, then skids in public debut Social networking giant quickly rises 12%, but then pulls back to IPO level of $38 a share; Yahoo reportedly in deal to sell at least some of its Alibaba assets back to the Chinese e-commerce company.
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May 18, 2012 12:18 PM EDT
Yesterday was a very “telling” day, as investors had to overcome adversity from a variety of fronts. The Euro backed off on concerns related to Greek debt, as well as Spain’s refusal saying that it doesn’t need any help. Germany is taking aggressive steps to cut its spending, even though it is considered to be the strongest economy in the Euro-zone. That may have had a negative impact, as Germany would have been the net consumer for goods from... full story >>