IPO market heating up in New York
Investors chased fresh tech listings but Fender Instruments pulled its planned IPO citing market conditions. Palo Alto Networks jumped 27 percent in its debut while Kayak rose 28 percent. Eight IPOs are planned next week from diverse sectors signaling a rebound in public offerings.
MENTIONED IN THIS ARTICLE
New York
Fender Instruments
Palo Alto Networks
Netherlands
Texas
Lakewood
Colo
Facebook
Francis Gaskins
IPO Desktop
States trail pre recession jobs. auto sales steady
Three years after the recession ended 43 states have not regained jobs lost in the downturn. Arizona Florida and Nevada lag far behind with the housing bust. overall U S jobs are 3 5 below pre recession levels and the unemployment rate sits at 8 2 percent. Ohio 7 2 percent in June. North Dakota Texas and Alaska show stronger growth amid an oil boom. DETROIT auto sales slowed slightly in July but remained stronger than 2011 with 14 3 million annual rate in H1 and 14 1 million in June. LOS ANGELES Viacom and DirecTV reach a long term deal restoring channels to 20 million customers with about 600 million first year and multi year increases.
MENTIONED IN THIS ARTICLE
Washington
Arizona
Florida
Nevada
U.S
Ohio
North Dakota
Texas
Alaska
Detroit
Los Angeles
Viacom
Directv
MTV
Comedy Central
Nickelodeon
Directv Group Inc
Viacom Inc
Spain banks bailout fails to ease market fears
Eurozone ministers approved Spain's bank bailout up to 122.9 billion dollars but markets remained uneasy as Spain's growth forecast for 2013 was cut and unemployment was forecast to stay around 24.4 percent. The Valencia region said it would tap a regional aid fund amid debt strains from the real estate collapse.
MENTIONED IN THIS ARTICLE
Treasury
Cristobal Montoro
Spain
Montero
Valencia
Eurogroup approves Spain bank bailout terms and deficit plan
Finance ministers from euro states approve a bailout for Spanish banks up to 122.9 billion dollars with strict monitoring. Spain must present this month a plan to cut the deficit to under 3 percent of GDP by 2014, amid a € pooling framework. France moves to raise 8.8 billion in new revenue as its lower house passes a revised 2012 budget, reversing Sarkozy era tax breaks.
MENTIONED IN THIS ARTICLE
Euro
Eurogroup
France
Francois Hollande
Nicolas Sarkozy
Closure Planned on Station Rd for Culvert Replacement
Lorain County Engineer Ken Carney announces closure of Station Rd from S R 82 to Capel Rd in Columbia Two to replace a culvert. Work starts 8 00 am July 24 2012 and ends by 5 00 pm August 6 2012 weather permitting. Detours posted and access to Dorlon Golf Club advised from south or north via Capel or Akins.
MENTIONED IN THIS ARTICLE
Lorain County
Ken Carney
Station Rd
S.R. 82
Capel Rd
Columbia
Dorlon Golf Club
Akins Rd
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