Security Council opens talks on Syria draft amid veto concerns
The United Nations Security Council began closed talks Friday on a new Arab European draft resolution to end the Syria crisis but Russia rejected the current wording citing red lines including an arms embargo. Britain urged unity backing the Arab League effort while France and Germany urged a clear stand. Russia and China previously vetoed a similar measure.
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United Nations
Security Council
Syria
Russia
Vitaly Churkin
Arab Security Council
Morocco
Moscow
Churkin
Mark Lyall Grant
Arab League
Council
Lyall Grant
Qatar
Gerard Araud
Coun
Cil
Guido Westerwelle
General Affairs Council
Brussels
U.N
Peter Wittig
China
Gennady Gatilov
Itar-Tass
Kremlin
Facebook to Go Public Raising Up to 10 Billion
The Wall Street Journal reports Facebook prepares to file for an initial public offering that could raise as much as ten billion dollars and value the social network at seventy five to one hundred billion. The SEC filing could come as early as Wednesday with shares debuting in three to four months.
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Wall Street Journal
Securities and Exchange Commission
Friday Market Snapshot of Key Indices and Commodities
The Dow fell 74.17 points to 12,660.46 while the Nasdaq rose 127 points to 816.55 and the S&P 500 slipped 2.1 points to 1,316.32. Treasuries and several commodities moved, with corn up 7.25 cents to 6.42, soybeans down 3.75 cents to 12.19, wheat down 9 cents to 7.00, oil down 14 cents to 99.56, gold up 5.50 to 1,732.20, silver up 47 cents to 33.79, and platinum up 6.20 to 1,623. The report provides a snapshot of market movements for the session.
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Dow Industrials
S&p 500
Treasury
Chicago
Kansas City
New York
Economy shows healing but not yet healthy growth
The 4th quarter growth at 2.8 percent marked the fastest pace since spring 2010 and a third straight gain, yet economists warn the momentum may fade. Unemployment sits at 8.5 percent after a six month rise in hiring, with 2012 outlook modest. Inventory buildup drove much of late 2011 gains, with forecasts for slower growth in early 2012. The Dow fell as markets absorbed the data.
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Washington
Commerce Department
Federal Reserve
Paul Ashworth
Capital Economics
Ashworth
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