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Spanish Economy

Spanish Non-Performing Debt Highest In 18 Years

The ratio of bad debt held by Spanish banks increased in March and hit an 18-year high of 8.37 percent, or $187.5 billion, the country?s central bank announced on Friday. The number of nonperforming loans with payments that are 90 days overdue is now about 10 times larger than it was during the peak of the property boom in 1997.
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Facebook CEO Mark Zuckerberg

Facebook IPO: How To Buy Stock Shares, But Why It's Okay If You Don't Succeed

One of the biggest and most anticipated IPOs of the year, quite possibly the decade, is ready to hit Wall Street tomorrow, but if you're thinking about buying shares, you're not alone. Not in the least. If you're looking to get a piece of the stock, we're here to help you. But be warned: It will not be easy.
It’s Facebook’s Turn to Take Legal Actions against Yahoo

Facebook IPO: Why Did Underwriters Boost Its Value?

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.
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Facebook boosts IPO size by 25 percent, aims for $15 billion

Facebook Inc will increase the size of its initial public offering by 25 percent to raise about $15 billion, a source familiar with the matter said, as strong investor demand for a share of the No.1 social network trumped ongoing debate about the company's long-term potential to make money.
Daniel S. Loeb, pirncipal, Third Point Capital

Memo To Loeb: You Broke Yahoo -- 5 Ideas to Fix It

Congratulations, the good guys finally won. You and your team, with help from other institutions, have ousted CEO Scott Thompson, elected three Third Point nominees to the board, removed another handful of management nominees and effectively control the company. Now what?
Chesapeake Energy

Chesapeake Loan Brings Company Debt Total To New Record

Facing a dropoff in cash in recent months, Chesapeake Energy, the second-largest producer of natural gas in the United States, announced last week it got a $3 billion loan from Goldman Sachs, bringing the company's debt to a new record.
Chesapeake campus

Carl Icahn To Reveal 'Significant' Stake In Troubled Chesapeake Energy

Shareholder activist Carl Icahn is expected to disclose his acquisition of a significant piece of Oklahoma City-based natural gas company Chesapeake Energy Corp. (NYSE: CHK), which has seen shares tumble amid a federal inquiry, a securities class-action suit and near-record-low natural gas prices. Both parties have yet to publicly confirm the deal.
US Stocks

US Stock Futures Signal Lower Start Monday

U.S. stock index futures pointed to a lower open on Wall Street on Monday, with S&P 500 futures down 1 percent and contracts for the Dow Jones and Nasdaq 100 down 0.9 percent.
Anonymous

Anonymous Hackers Endorse Black Bloc Anarchist Riots On YouTube [VIDEO]

In a video posted online on May 7, members of Anonymous, a hacktivist collective known for fighting against censorship and human rights abuse, endorse Black Bloc, a riot tactic in which protesters covering their faces in black create and inspire anarchy through violent destruction of property.
Workers tow a fin whale up a ramp to a processing plant at the Hvalfjordur whaling station, about 70 km north of Reykjavik

Bruno Michel Iksil: White Whale, or Jonah?

Following Thursday's financial earthquake at JPMorgan Chase & Co., fingers are pointing to Bruno Michel Iksil, who recently boasted that he could walk on water -- suggesting the French trader's ego is as outsized as the nemesis in Melville's novel from which his nickname the White Whale originates. Whether or not Iksil's reputation will go from fearsome whale to Jonah after he's blamed for the storm and tossed overboard is not yet known.
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Shock Of JPMorgan Loss Hits Stock Futures

Stock index futures fell sharply on Thursday evening as JPMorgan Chase & Co stunned investors with news that its chief investment office had incurred significant mark-to-market losses that it said could easily get worse.
Gold pellets

Gold Prices Steady In European Trading

Gold steadied in Europe on Thursday after falling to a four-month low in the previous session, as an uptick in the euro after Spain moved to clean up its banks and Europe's bailout fund approved a key payment to Greece took some pressure off prices.

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