Potential domino effect from Greek debt default warned
Greece's debt crisis threatens global markets with bank losses and higher eurozone borrowing costs. Analysts warn of contagion to France Germany and beyond, risking a Lehman moment and tighter credit as banks face capital shortfalls and EU backstops strain under renewed taxpayer funding.
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Pandora's stock slips below IPO price after hype
Pandora Media Inc, Oakland based Internet radio service, saw its shares fall 4.16 dollars to 13.26 on their second trading day, well under the 16 dollar IPO price after earlier demand pushed it higher. The company has lost 92 million over 11 years as advertising revenue lags royalties.
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Pandora Media Inc
Pandora
Pandora Media
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LinkedIn Corp
Fewer unemployment claims signal slow job market improvement
Unemployment benefit applications fell to 414,000 last week, the second drop in three weeks, while May housing starts rose to 560,000 annualized. Economists caution growth remains slow and construction far below healthy levels as markets react to mixed signals.
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