Even though the Facebook IPO underwehelmed Wall Street, there’s still plenty of potential for the company and its stock. Jeff Glor and Rebecca Jarvis speak with (title) David Kirkpatrick about Facebook’s prospects.
Video: Facebook IPO underwhelms
The hype that led up to the Facebook IPO fizzled as the stock ended the trading day relatively flat. Elaine Quijano reports.
Hydrogen cars’ star power helps acceptance
You might need a microscope to see it, but there’s now competition among hydrogen fuel-cell electric cars.
Spotlight falls on five players at CP
These executives will be key to what changes – and what doesn’t – at Canada’s troubled railway
The giant killer: Inside CP’s overthrow
Activist investor Bill Ackman spent more than $15-million to change the railway’s executive makeup, a success that also changes how boardrooms will operate in Canada
Chinese entities world’s biggest economic spies: Pentagon
WASHINGTON (Reuters) – The Pentagon said on Friday it believes China spent up to $180 billion on its military buildup last year, a far higher figure than acknowledged by Beijing, and it accused “Chinese actors” of being the world’s biggest … Weiter lesen
Murdoch denies planning to spin off UK newspapers
LONDON, May 19 (Reuters) – Rupert Murdoch has denied reports that News Corp is considering spinning off its British newspapers to protect the rest of his media empire from a phone hacking scandal.
Test Drive: Changes help, don’t fix, Honda Insight
Honda improves the slow-selling Insight hybrid, but not enough.
Obama urges lawmakers to defend Wall Street reform
US President Barack Obama urged members of Congress on Saturday to defend Wall Street reform, arguing the recovering US economy cannot take the risk of lax oversight over the financial sector.
Obama Backs Tougher Bank Standards In Radio Address
In his most partisan remarks since J.P.
Iceland Emerges as an Island of Recovery
Thanks to a devalued currency, the country has turned its trade deficit into a surplus and smoothed its recovery.
UPDATE 3-German IG Metall get highest pay rise in 20 years
SINDELFINGEN, Germany, May 19 (Reuters) – Germany’s largest industrial union IG Metall will get its biggest pay rise in 20 years after agreeing to a 4.3-percent pay increase deal with employers at the end of marathon talks that ended just … Weiter lesen
Obama pledges tough enforcement of Wall Street reforms
WASHINGTON, May 19 (Reuters) – President Barack Obama on Saturday called on the U.S. Congress to back his efforts for tough new financial industry oversight, saying a $2 billion trading loss at JPMorgan underscored the need for such regulation.
Would you trust a Greek bank with your savings?
ATHENS – In the tumultuous days after the May 6 election that left Greece unable to form a government, Greeks withdrew nearly a billion dollars from bank accounts, leading to speculation that a bank run may ensue. Still, many continue … Weiter lesen
Megan Ellison is energizing indie film world
The daughter of Silicon Valley billionaire Larry Ellison, she is helping to reinvigorate the independent film business with her deep pockets and highbrow tastes. She’s a 26-year-old former party girl with social anxiety issues, a motorcycle-riding iconoclast who dropped out … Weiter lesen