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U.S. Day Ahead: Facebook reveals price of friendship

Thursday, May 17, 2012 - 03:13

May 16 - The social network prices Thursday evening and could now be worth up to $104 billion. That would put it in the same league as Amazon and make it bigger than the likes of Hewlett-Packard and Dell.

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Based boat -- since friends up for cash why Wal-Mart is undervalued. And Treasury Secretary Geithner may weigh again on JPMorgan. If you don't know what's happening with FaceBook by now that you must be stranded on a desert island. The social network -- prices Thursday evening it's already boosted its side he has size by 5%. And could now be worth up to 104 billion dollars that would put it in the same league -- Amazon. And make -- bigger than the likes of Hewlett-Packard and Dell recently GM pulled its advertising from FaceBook but writers social media editor Anthony de -- says there's no stopping his momentum. Fortis said that they're going to continue to advertise and actually increase it. And there's been more shares allocated for the FaceBook IPO in addition to what they originally had. Now but all that's going on it doesn't match that's fundamental numbers underlying Facebook's advertising. -- this is really being built upon excitement. And I want for people to own a piece of the company while. Art will try to get investors' minds away from a Mexican bribery scandal when it reports before the balcony. It's anything negative comments from shareholders and employees over the incident. Instead the world's largest retailer will try to focus back on business and should see higher earnings -- -- partly on higher sales in the US. According to exclusives start my data the stock is undervalued by twenty bucks. And there are more -- earnings to digest on the radar arrow -- dollar trees -- GameStop and Ross Stores. All of for the open after the close since the turn of applied materials GAAP and Salesforce.com. We may get more reaction to JPMorgan's trading debacle -- Treasury Secretary Geithner speaks in the morning. Recently Geithner says the losses strengthen the case for finance reform. The former head of the New York fed also added that changes would come out as tough and effective as they need to be. US senate is expected to hold a procedural vote on two nominees to the Federal Reserve board. Harvard economist Jeremy Stein an investment -- Jerome Powell. Both -- expected to clear the hurdle which require sixty votes. And this could move quickly to vote on final approval. Stein served briefly at the top advisor to Geithner -- while Powell served in the treasury under president George HW. For you data that's out there take out an initial jobless claims at 8:30 AM I have ours says they should rise slightly to about 370000. The prior week's reading might also be revised up slightly and watch out for the Philly Fed index that's out at 10 AM. I pictured it might make Thursday's papers they may look like happens is parity. That that's not the -- despite Greece's financial and political turmoil. These shots of the call -- and that carries the Olympic flame. On top of the Acropolis. The play will be handed over the London 2012 Olympic delegation. On Thursday and that's our image of the day of follow us on Twitter at Reuters Insider. I'm Rhonda schaffler mrs. writers and.

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U.S. Day Ahead: Facebook reveals price of friendship

Thursday, May 17, 2012 - 03:13