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Facebook Filing for $5-Bln IPO

Facebook Filing for $5-Billion IPO: Key Facts and Statistics Behind Biggest Tech IPO

Facebook Inc. will list a preliminary fund-raising goal of $5 billion on Wednesday, which is smaller than some earlier estimates of the offering. The public stock offering will probably value the company at $80 billion to $100 billion. But how did simple status updates and random photos of users help create what will likely be the biggest tech IPO in till date? Let's try to find out here...

CIT Group 4Q Profit Falls 59 Percent

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CIT Group Inc., the business lender led by former Merrill Lynch Chief Executive John Thain, said its quarterly profit fell 59 percent on lower interest income.
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Trader reacts at his desk in front of the DAX board at the Frankfurt stock exchange

U.S. Stock Futures up after Spain's Debt Auction

Stock index futures rose on Thursday after well-received European sovereign debt auctions encouraged investors ahead of job market and retail sales data expected to show the economy is steadily recovering.
The logo of the Bank of America is pictured atop the Bank of America building in downtown Los Angeles

Bank of America Puts Advertising Account on Review

Bank of America Corp has put its advertising account up for review as it seeks to mold a new image for a company that has changed significantly since the financial crisis and suffered repeated blows to its brand.
Bank of America

Bank of America Laying off 20% of Asian Staff

Bank of America-Merrill Lynch, the second-largest U.S. bank by assets, is cutting around a fifth of its managing directors across its Asia investment banking division, sources said on Monday, in a bid to cut costs as the outlook sours in a once-booming region.
Dutch Queen Beatrix officially opens the new parliamentary year with a speech outlining the caretaker government's plan and budget policies for 2011 in the 13th century "Hall of Knights" in The Hague September 21, 2010.

Credit Suisse Gets Dutch Mandate on Urenco: Sources

The Dutch government has appointed Credit Suisse to advise on a potential sale of its 33 percent stake in UK-based uranium enrichment company Urenco, people familiar with the situation told Reuters on Friday.
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Eurozone Funding Fears Hang over Stocks, Currency

Concern about the appetite for Eurozone sovereign debt pushed European stocks lower and hit the single currency on Thursday, with the first French bond auction of 2012 set to test how much progress policymakers have made in easing tensions.
Crude Oil Futures on Track for Weekly Gain on U.S. Economic Recovery

Where is Oil Price Heading in 2012?

Crude prices started their jolly ride to the top in February last year when simmering discontent in the Middle East erupted into several violent anti-government protests.
220 kg block of gold

Gold in Review: How it Fared in 2011

Gold extended its record bull run in 2011 for an 11th year as confidence in the world's financial leaders and their stewardship of fiat currencies plummeted.
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Pros Move Against Mom-and-Pop Investors in December: Report

Two reports released today show two groups, retail investors and professional asset managers, have been moving in markedly different directions in the past two weeks. The armchair stock pickers are getting out of U.S. equities while the pros are claiming they are dumping more cash into the American stock market.

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