Facebook IPO could mean billions for CaliforniaFacebook’s public stock offering this week is projected to generate between $1.6 billion and $2.1 billion through mid-2013 for California’s budget as shareholders cash in their shares.
JPMorgan mess-up claims first casualtyThe chief investment officer at JPMorgan Chase, one of the highest-ranking women on Wall Street, will retire, the company said on Monday. She becomes the first casualty of the bank’s $2 billion trading blunder.
Indian rupee hits record closing lowIndia’s rupee sank to a record closing low of 53.92 against the dollar on Monday, dragged down by weak domestic economic data and an investor flight to safety on jitters over the eurozone debt crisis.
Elettronica signs deal with PSATRIROME - Italy’s Elettronica recently signed an agreement with the Prince Sultan Advanced Technologies Research Institute, or PSATRI, which will start a strategic partnership and a working relationship with the Kingdom of Saudi Arabia for research and development of new solutions in the field of electronics.
Markets drop as Greece heads to another electionMarkets fell on the news Tuesday that coalition government talks in Greece have failed after nine days of discussions, meaning the country is heading for another election next month.
Facebook raises IPO share price range to $34-$38Facebook on Tuesday bumped up the price it plans to charge for shares at its stock market debut, giving the leading social network a value that could top $100 billion.
Markets recover as eurozone dodges recessionEuropean markets bounced back from early losses on news that the 17-country eurozone has narrowly dodged recession, thanks mainly to strong growth in Germany, though concerns persisted that Greece’s political impasse could eventually force it to leave the currency bloc.
Eurozone avoids recessionThe eurozone avoided recession with zero growth in the first quarter, official data showed on Tuesday surprising analysts who had expected worse but still warn of a long, hard uphill slog.
Honda launches its cheapest motorbikeHonda Motor Co (7267.T) launched its first mass-market motorcycle for India and its cheapest motorbike worldwide on Tuesday, as it aims to tap low-cost emerging markets including more than doubling India’s share of its motorcycle revenue by 2020.
London: Employment to rise for first time in a yearEmployers plan to increase staffing for the first time in a year, a survey showed on Monday, raising hopes that higher employment may boost morale and consumer spending.