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Stock markets rise with Greek bailout hopes
Storey Link: Stock markets rise with Greek bailout hopes
As reported by the BBC, European stock markets ended favourably before a conference of eurozone finance ministers which is expected to settle a new rescue plan for Greece. Cash-strapped Athens must decide on the 130 billion euro (£110bn; $170bn) bailout package before mid-March to dodge a default on its debts.
Britain’s FTSE 100 went up...
Apple stock price finally exceeds $500
Storey Link: Apple stock price finally exceeds $500
As reported by the BBC, for the first time ever, shares in technology firm Apple have exceeded $500 per stake. This marks an astonishing turnaround for the company, whose shares were in 1997 worth as low as $3.19, when it confronted the possibility of bankruptcy. The firm is now worth $460 billion.
The firm’s revival by Steve Jobs, who...
Facebook unveils $5bn flotation plans
Storey Link: Facebook unveils $5bn flotation plans
Facebook, the largest social networking site in the world, has announced its stock market flotation plans.
Facebook said that it aimed to raise $5bn (£3.16bn), roughly half the amount a number of analysts had predicted. However, the initial public offering (IPO) is still likely to be the largest sale of shares by an online company,...
Stock markets down as Athens debt talks falter
Storey Link: Stock markets down as Athens debt talks falter
Stock markets have fallen while eurozone finance ministers carry on putting further pressure on Greece's private creditors, who they want to accept lower interest rates on the loans they have made to Athens.
BBC News reported that British and French share indexes ended up closing lower yesterday, while Wall Street dropped on opening....