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Friday, May 18, 2012

Reuters Money: Bet on U.S. manufacturing for a rebound

Reuters » Money 2012
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05/18/2012
Reuters Election 2012 Daily round-up of the day's top news from the campaign trail, the White House and all the politics in between
Bet on U.S. manufacturing for a rebound
CHICAGO (Reuters) - If you were betting on a big rebound for any one sector this year, you probably would have put your money on banking instead of manufacturing.
Insight: Who got Facebook IPO shares? Fairness may not come into it
NEW YORK (Reuters) - A lot of loyal Facebook fans and occasional investors are discovering a hard truth this week: Money and connections talk, especially when it comes to a hot deal handled by Wall Street.
Finding bargains in Facebook's wake
NEW YORK (Reuters) - Besides making its early investors rich, Facebook's expected initial public offering on Friday is already having another effect: making other stocks cheaper.
Business trips abroad could endanger your data
(Reuters) - Sonia Bovio, tired but unable to sleep after her long journey from Phoenix to London last week, settled into her hotel room and was fiddling around on her laptop. One inadvertent click later, a file downloaded and she realized she had made a big mistake.
U.S. firms eye Myanmar as sanctions suspended
WASHINGTON/HONG KONG (Reuters) - The suspension of U.S. sanctions barring investment in Myanmar in response to political reforms in the poor Southeast Asian state opens the door to U.S. firms queuing to scout for business in one of the last frontier markets.
Apple to use only green power for main data center
(Reuters) - Apple Inc plans to power its main U.S. data center entirely with renewable energy by the end of this year, taking steps to address longstanding environmental concerns about the rapid expansion of high-consuming computer server farms.
Worries mount as Nokia burns through cash
LONDON/HELSINKI, May 18 (IFR/Reuters) - Nokia Oyj is tearing through its cash reserves at an unsustainable rate, raising what some analysts say are serious questions about the struggling Finnish phone maker's ability to stabilize its finances in the months ahead.
Verizon data fans to pay more in service or phones
NEW YORK (Reuters) - Verizon Wireless plans to make its data-hungry customers pay a lot more, either in service fees or smartphone prices, as it tries to cut costs and boost revenue from data services.
Cash pullout means more ECB reliance
LONDON (Reuters) - A scramble by savers to withdraw cash from banks as they fret about a Greek euro zone exit and the health of Spanish financial institutions may leave lenders even more reliant on the European Central Bank's cheap financing operations.
Chesapeake lessons: Don't invest where you earn
(Reuters) - Like all massive risks, holding large amounts of stock in your employer is a way to make an investment home run, but an even better way to strike out.
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