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4:01 pm Greece Concerns Counteract Good News In US: Daily Markets Wrap
Greece continued to weigh heavily on confidence Wednesday as bank customers there began sending cash out of the country or hiding it under their beds -- this despite hints from German Chancellor Angela Merkel that a "stimulus" would be forthcoming if the country stuck to its austerity commitments.
From Politics & Policy
Signs that a Greek departure from the euro zone has become inevitable proliferated worldwide Wednesday with Hong Kong's main stock index plunging more than 3 percent, bank runs in Athens and Britain's central bank finalizing contingency plans for a euro zone breakup.
From Politics & Policy
Tsipras has said he wants Greece to remain in the euro zone, but has demanded that bailout agreements be renegotiated by providing more favorable terms.
From Companies
A day before Facebook (Nasdaq: FB), the No. 1 social network holds its initial public offering, its 33 underwriters boosted the number of shares for sale by 25 percent, potentially valuing the deal as high as $19 billion.
From Economy
U.S. builders began work on more homes than expected in April, government figures showed on Wednesday. But the data suggested that builders might also be slowing their future construction plans.
From Companies
A coalition of companies has joined Anglo-Dutch energy giant Royal Dutch Shell in an unprecedented, landmark joint-venture to exploit natural gas resources in Western Canada.
From Companies
The earnings calendar for the week ahead will be comparatively light, but a number of bellwether companies will be reporting results.
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Global Losses From Greek Euro Zone Exit Could Reach €1 Trillion
The financial markets appear to have already priced in Greece’s departure from the euro bloc.
Forex: What Happens If Greece Leaves The Euro?
The growing possibilities of an imminent Greek exit from the single currency bloc could drive u...
ECB Stops Operations With Some Greek Banks: Sources
The European Central Bank has stopped monetary policy operations with some Greek banks as they ...
Micron Shares Surge On Apple Japan Orders
Shares of Micron Technology (Nasdaq: MU), the only U.S. maker of memory chips, jumped as much a...
Try as they might, many retail investors won't be able to get shares of Facebook in its first hours of trading.
NSW Teachers Strike Friday over More Powers Given to Principals
Teachers would be pitted against school principals on Friday when tutors from 2,200 schools in ...
Stamp duty changes push up UK mortgage activity
As expected, the end of the stamp duty concession led to a surge in activity in the mortgage ma...
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From Politics & Policy
Greece: Possible Expulsion From Euro Zone Would Raise Questions About ‘European’ Identity
Although Greece is considered the “cradle of Western Civilization,” the nation has had a vastly different history and trajectory from the dominant countries of Western Europe.
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From Politics & Policy
Economy Improving, Obama Campaign Says, But Numbers Prove Otherwise
In a newly released campaign ad, President Barack Obama promises that the economy is back on the mend. The only problem is: the numbers say otherwise.
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