US BUSINESS

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A late slide erases gains

Just how nervous are investors about Greece? All it took to derail a day of stock market gains was a headline saying that the country was preparing to leave the euro, an outcome many analysts expect to happen eventually.

May 23, 2012

Market breaks losing streak

Forget Facebook. This is still Apple’s stock market. Apple — the world’s most valuable company — climbed nearly 6 percent on Monday, helping propel major U.S. stock indexes to gains after a week of losses. The Standard & Poor’s 500, where Apple accounts for 4 percent of the index, enjoyed its best day in nearly five weeks. The Nasdaq composite index, where Apple accounts for an even heftier 12 percent, notched its biggest gain of the year.

By By Christina Rexrode, Associated Press , May 22, 2012

Brokers mixed on Facebook IPO

Ross Almlie is not a friend of Facebook. At least not yet. Almlie, of TCI Financial Advisors in West Fargo, is telling clients they might want to wait before jumping into Facebook’s initial public stock offering, which opened on Friday.

By By Dave Olson, Forum Communications Co. , May 19, 2012

Stocks fall; Facebook debuts

It’s going to take more than Facebook’s initial public offering to push the stock market higher. Facebook shares rose 23 cents above their $38 offering price. It seemed like everything else fell.

By By Joshua Freed, Associated Press , May 19, 2012

Dow loses another 156 points

Unable to shake their worries about Europe, investors drove stocks to a four-month low Thursday and piled into bonds, sending the yield on the 10-year Treasury note close to an all-time low.

May 18, 2012

Facebook IPO one of world’s largest

In one of the largest initial public offerings of stock ever, Facebook said Thursday that it is raising at least $16 billion for itself and its early investors in a transaction that values the world’s definitive online social network at $104 billion. It’s a big windfall for a company that began eight years ago with no way to make money.

May 18, 2012

Facebook set to price initial public offering

Facebook's initial public offering could be one of the largest in history if its stock prices at the high end of its expected range on Thursday.

May 17, 2012

Turmoil in Greece causes Dow to drop

The unending turmoil in Greece spread fallout across the financial markets Wednesday. The Dow Jones industrial average fell for the ninth day out of 10, and gold, oil, and the euro all dropped to multi-month lows.

By By Pallavi Gogoi , Associated Press , May 17, 2012

Dow Jones average continues to slide

Europe’s latest political impasse cast a gloom over financial markets Tuesday. The euro plunged, and the Dow Jones industrial average extended a slide that has wiped out nearly 5 percent of its value in two weeks.

May 16, 2012

Stocks drop as deadlock continues in Greece

A political stalemate in Greece rattled financial markets worldwide on Monday, driving U.S. stocks lower.

By By Matthew Craft, Associated Press , May 15, 2012

Losses muted despite slump

JPMorgan’s surprise $2 billion trading loss prompted a sell-off in financial stocks Friday, with smaller declines across the broader market as investors decided this was more of a problem for investment banks than for other industries.

May 12, 2012

Dow breaks its losing streak

The Dow Jones industrial average broke a six-day losing streak Thursday, notching a small gain after the government released better unemployment numbers.

By By Joshua Freed, Associated Press , May 11, 2012

US stocks fall on Euro doubts

Fear of European debt is once again playing havoc with Wall Street. Stocks pitched down Wednesday in the United States as borrowing rates climbed for Spain and Italy, a sign that investors are losing confidence in those countries’ finances.

May 10, 2012

Turmoil in Europe lowers stocks PressPass

Political uncertainty in debt-hobbled Europe spread to financial markets Tuesday and pushed stocks lower in Europe and the United States. The Dow Jones industrial average was down almost 200 points at its low point for the day before recovering most of its loss to finish down 76. It was the average’s fifth straight decline.

By By Daniel Wagner, Associated Press , May 09, 2012

Stocks recover after European elections PressPass

Stock markets recovered around the world following an early stumble caused by election results in France and Greece that appeared to jeopardize Europe’s plans for fighting its debt crisis.

By By Pallavi Gogoi , Associated Press , May 08, 2012

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