Diane Alter – Fourth Estate Cooperative Reporter New York, N.Y., United States (4E) – Following months of speculation, hype and frenzy, Facebook finally began trading as a public company Friday. Shares were priced Thursday night at $ 38 a share, valuing the company at $ 104 billion, raising $ 16 billion, and making it the [...]
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Facebook opens at $42
May 19th, 2012 
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Posted in Stock Market 
Tags: ceo mark, changing hands, Cooperative, economy business, Facebook, history, IPO, market participants, Tech 
No Comments »Gambia: Small country with a big crisis
May 18th, 2012 admin Serekunda, Gambia (IRIN) – In 2011, the rains failed in the Central River region of The Gambia, where Mawdou Danso, a farmer, struggled to raise a crop big enough to tide him over to the next harvest. He invested in an early-maturing, high-yielding rice called Nerica (New Rice for Africa), which had recently become available [...]
Posted in Stock Market Tags: erratic rainfall, insecurity, oxfam america, percent, rainfall, rainfall patterns, region, rice, sahel zone No Comments »JC Penney store sales plunge nearly 20 percent
May 17th, 2012 admin Linda Young – Fourth Estate Cooperative Writer New York, NY, United States (4E) – J.C. Penney’s stock shares tumbled in price Wednesday after the company announced sales had dropped by 18.9 percent and that it was eliminating its dividend to fund the company’s ongoing makeover. Suspending the dividend of 20 cents per share will give [...]
Posted in Stock Market Tags: aapl, Cooperative, dividend, Drop, j c penney, jc penney store, percent, retail giant, Store No Comments »Facebook raises IPO price range
May 16th, 2012 admin Diane Alter – Fourth Estate Cooperative Reporter New York, NY, United States (4E) – With its highly anticipated IPO just a few days away, Facebook has raised the target price range for its initial public offering to $ 34 to $ 38 a share, up from the original $ 28 to $ 35 range set [...]
Posted in Stock Market Tags: cnn money, Cooperative, initial public offering, investor, IPO, ipo price range, offering, range, target price range No Comments »JP Morgan exec steps down following bank’s $2 billion loss
May 15th, 2012 admin Diane Alter – Fourth Estate Cooperative Reporter New York, NY, United States (4E) – Following JP Morgan Chase’s admitted $ 2 billion blunder, the bank’s chief investment officer has stepped down. The bank behemoth announced Monday that Ina Drew resigned following the bank’s $ 2 billion loss caused by a trade involving derivatives that was [...]
Posted in Stock Market Tags: chief investment officer, Cooperative, Ina, jamie dimon, jp morgan chase, loss, matt zames, Morgan, trade No Comments »Ally mortgage unit files bankruptcy
May 14th, 2012 admin Diane Alter – Fourth Estate Cooperative Reporter Midvale, Utah, United States (4E) – Ally Financial ResCap mortgage on Monday filed for prepackaged bankruptcy protection. The bank, owned by taxpayers, said the filing will allow the bank to take another step to repay the U.S. treasury. Ally’s ResCap unit operates under the GMAC Mortgage brand. At [...]
Posted in Stock Market Tags: bankruptcy process, business, gmac mortgage, home, midvale utah, mortgage, process, ResCap, rescap mortgage No Comments »U.S. markets open lower sparked by trading losses at JP Morgan Chase
May 11th, 2012 admin Diane Alter – Fourth Estate Cooperative Reporter New York City, NY, United States (4E) – U.S. stocks opened lower Friday morning after JP Morgan Chase’s trading losses spooked investors. Right after the opening bell on Wall Street, the Dow Jones Industrial Average dropped 64 points, the S&P 500 Index fell 6 points and the NASDAQ [...]
Posted in Stock Market Tags: austerity measures, jamie dimon, jp morgan chase, morgan stanley bank No Comments »Crude oil prices fall to $96.32 in continuing slide
May 10th, 2012 admin Linda Young – AHN News Writer London, United Kingdom (AHN) – Oil prices continued to fall on Wednesday, dropping an additional 0.7 percent as concerns about the U.S., European and global economies mounted. Another factor in pushing crude oil prices down was news that Saudi Arabia might boost its production. Oil prices have fallen more [...]
Posted in Stock Market Tags: crude oil prices, factor, global economies, linda young, news, oil traders, percent, Production, Young No Comments »U.S. Treasury should make $15 billion profit on AIG bailout
May 9th, 2012 admin Linda Young – AHN News Writer Washington, D.C., United States (AHN) – The U.S. government will likely make a $ 15.1 billion profit from bailing out insurance giant American International Group Inc., according to a congressional watchdog panel’s report. The Government Accountability Office report came out on Monday. The GAO said the size of the [...]
Combining safe riding on a motorcycle taxi with safe sex
May 4th, 2012 admin Kampala, Uganda (IRIN) – It’s Saturday night and Jaffari Musoke*, who rides a ‘boda boda’ – motorcycle taxi – arrives at his regular stage, or departure point, near several hotels in Kampala, the Ugandan capital. He has an easy camaraderie with the sex workers who hang around the hotels, taking many of them home after [...]