Facebook Will Ring The NASDAQ Bell Today at $38
NEW YORK — Wall Street has one simple task as Facebook Inc. shares begin trading: Don’t mess it up. Major stock exchanges, brokerage firms and mutual fund companies have been gearing up for one of the biggest initial public offerings on record. And, with all the hype surrounding the social-media giant, any snafus would be [...]
Rupee Down vs dollar
The rupee weakened on Monday because of increased import payments especially for oil, and dealers said the local unit is likely to come under further pressure in the medium term because of a bleak outlook for the country’s economy. The rupee ended at 89.10/15 to the dollar, compared with Friday’s close of 89.00/10. It dropped [...]