South Park Bank by stewie_g

• Wall St Week Ahead: The market is oversold, but major signs say "sell" May 19, 2012
  Normally a big decline would set up Wall Street for a technical rebound. But that may not be the case next week, even after the market posted its worst weekly loss for the year and the S&P fell for six ...
• Historic Facebook debut falls flat May 19, 2012
  The historic initial public offering of Facebook Inc did not go as planned on Friday, as the social networking company's sky-high valuation combined with trading glitches left the stock languishing near ...
• Dewey to consider bankruptcy filing: source May 19, 2012
  Ailing law firm Dewey & LeBoeuf is considering a bankruptcy filing as new debtholders take a more aggressive track, shifting away from earlier attempts at an out-of-court liquidation, a person familiar ...
• Analysis: JPMorgan to be haunted by change in risk model May 19, 2012
  JPMorgan Chase & Co's decision to radically change the way risk was measured in its Chief Investment Office is likely to dog the bank in the developing crisis over the big trading losses it has suffered. ...
• Solow lawsuit over Citigroup disclosures dismissed May 19, 2012
  Citigroup Inc and its Chief Executive Vikram Pandit on Friday won a dismissal of New York real estate developer Sheldon Solow's lawsuit accusing them of securities fraud for hiding the bank's risks during ...
• Morgan Stanley made big bet on Facebook May 19, 2012
  Lead Facebook Inc underwriter Morgan Stanley took a bet earlier this week when it increased the size of the social networking firm's $16 billion initial public offering and it boosted the price. Thanks ...
• Under pressure, Chesapeake cuts director pay May 19, 2012
  Chesapeake Energy Corp , under growing pressure from shareholders to improve corporate governance, reduced the compensation for its outside directors by 20 percent and eliminated their use of its aircraft ...
• CFTC opens probe into JPMorgan trading loss: source May 19, 2012
  The Commodity Futures Trading Commission has opened an investigation into possible wrongdoing at JPMorgan Chase & Co in connection with the bank's multi-billion-dollar trading loss, a source familiar with ...
• Galleon prosecutor aims to cement legacy in Gupta trial May 19, 2012
  It was during a quiet afternoon in the sixth week of the insider-trading trial of hedge fund billionaire Raj Rajaratnam that prosecutor Reed Brodsky sprang one of those rare surprises usually seen only ...
• Banks' rising bad loans add to Spanish troubles May 19, 2012
  Spanish banks' bad loans rose in March to their highest in 18 years, underscoring the problems facing the government as it drafts in independent auditors in an attempt to reassure investors it can clean ...

Please let me know what topics are of interest to you.  Thanks for your input.

• Spain may again revise 2011 deficit upward: AP May 18, 2012
  LOS ANGELES (MarketWatch) -- Spain says it may have to again revise its 2011 budget deficit upward, the Associated Press reported late Friday. Spending by four regional governments within Spain -- Madrid, Valencia, Andalusia and Castilla-Leon -- exceeded forecasts, driving up the national deficit for a second time. AP said the government now projects a possible deficit that is equal to 8.9% of GDP, nearly three times the recommended maximum for nations using the euro. The government said it still expects to hit a 5.3% budget deficit this year.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
• Alabama Trust is year's 24th U.S. bank failure May 18, 2012
  SAN FRANCISCO (MarketWatch) -- Federal regulators shut the Alabama Trust Bank in Sylacauga, Ala., the Federal Deposit Insurance Corp. said late Friday. Closure of the single-branch bank marks the 24th failure of a U.S. bank in 2012. The FDIC said Southern States Bank has agreed to buy the bank's $51.6 million in assets and $45.1 million in deposits. The FDIC estimates the cost to its deposit-insurance fund at $8.9 million. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
• Facebook drives up market volume to 2012 high May 18, 2012
  SAN FRANCISCO (MarketWatch) -- A huge amount of shares traded in Facebook Inc.'s market debut Friday helped drive up U.S. stocks volume to the highest level of the year, according to the Wall Street Journal's data group. Total market volume was 8.79 billion shares, the largest daily volume since Nov. 30 and above this month's average of 7.16 billion. Volume of shares listed on the Nasdaq OMX Group's Nasdaq Stock Market was 2.68 billion, the largest since Oct. 27 and above the year-to-date average of 1.77 billion. Facebook's volume of 574 million was 21% of the Nasdaq's listed share volume. Facebook volume hit 216 million in the first half-hour of trading. For stocks listed on NYSE Euronext's New York Stock Exchange, it was the fourth day in a row of more than 4 billion shares traded.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
• SEC to review Nasdaq Facebook IPO trading problems May 18, 2012
  WASHINGTON (MarketWatch) - The Securities and Exchange Commission staff plans to examine problems at the start of trading of shares of Facebook Inc. on Nasdaq to determine its cause and steps that will be taken to address it, a spokesman for the agency said Friday. Facebook trading was delayed by roughly a half hour at the start on Friday. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
• Bets oil will go higher lowest since Sept. 2010 May 18, 2012
  SAN FRANCISCO (MarketWatch) -- Money managers trimmed more of their bets oil prices will go higher, data from the Commodity Futures Trading Commission showed Friday. The data, pertaining to the week up to Tuesday, showed the category emcompassing fund managers and speculative money trimming "long" bets by nearly 10,500 contracts for a net long position close to 140,000 contracts. The positions betting on higher prices is the lowest since September 2010, but the flow of selling slowed down compared to the prior week, said Tim Evans, an analyst with Citigroup. Oil ended 1.2% lower on Friday at $91.48 a barrel on the New York Mercantile Exchange, its lowest settlement since late October.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
• Nasdaq benchmarks slide into technical correction May 18, 2012
  SAN FRANCISCO (MarketWatch) -- The Nasdaq Composite and Nasdaq 100 indexes, both benchmarks for tech stocks, slipped into a correction as of Friday's close. A correction typically refers to a 10% publlback from recent highs. The Nasdaq Composite ended down 34.90, or 1.2%, at 2,778.79, off 11% from its 52-week closing high of 3,122.57 reached on March 26. The Nasdaq 100 , the benchmark for the PowerShares QQQ tracker, closed down 11% from its 52-week closing high. On Friday, the broad market sank over concerns about a Greek exit from the euro-zone and after Facebook Inc.'s shares traded near flat in a highly-anticipated, $16 billion initial public offering.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
• Longest weekly down streak of 2012 for Dow, S&P May 18, 2012
  NEW YORK (MarketWatch) -- U.S. stocks declined Friday, with the Dow and S&P falling for a third week, on concern about Europe's debt troubles and prospects for global growth. "The problems in Europe are not getting any better. We still have more downside to go here," said Randy Frederick, managing director of active trading and derivatives at Charles Schwab. The Dow Jones Industrial Average fell 73.11 points, or 0.6%, to 12,369.38. The S&P 500 Index fell 9.64 points, or 0.7%, to 1,295.22. The Nasdaq Composite shed 34.9 points, or 1.2%, to 2,778.79. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
• J.P. Morgan returns $168 mln to MF Global trustee May 18, 2012
  WASHINGTON (MarketWatch) - J.P. Morgan Chase & Co. agreed to return about $168 million in cash to a trustee for the holding company for bankrupt MF Global Inc., according to a release from the trustee representing MF Global clients. According to the statement, the $168 million represents the proceeds of "excess collateral" that J.P. Morgan held at the beginning of MF Global's liquidation. The trustee, Louis Freeh, added in the release that the recovery will assist him in recovering MF Global property. New York-based MF Global filed for bankruptcy on Oct. 31 after disclosing sizable exposure to derivatives and other investments related to billions of dollars in European sovereign debt and leading to millions of dollars in missing customer funds. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
• Facebook closes with fractional gain following IPO May 18, 2012
  SAN FRANCISCO (MarketWatch) -- Facebook Inc. saw its shares close with a fractional gain Friday on its first session of trading following its initial public offering. By the closing bell, Facebook shares were up 23 cents, or 0.6%, at $38.23. The company sold 421.2 million shares in its IPO, with trading volume at the end of the session reaching about 567 million, according to early figures from FactSet Research. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
• Trading of Facebook shares exceeds 488 mln May 18, 2012
  SAN FRANCISCO (MarketWatch) -- More than 488 million shares of Facebook Inc. changed hands on Friday following its debut on the market, helping to swell the volume of Nasdaq-listed shares to about 2 billion, above its 30-day average. Facebook sold more than 421.2 million shares after pricing its initial public offering at $38 a share to raise in excess of $18.4 billion. Underwriters have also been granted over-allotments options of up 63.2 million shares. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

• Nasdaq composite volume tops 2012 average by 50% May 18, 2012
• Friday's stock volume is largest of year May 18, 2012
• SEC to review Nasdaq Facebook IPO trading problems May 18, 2012
• Facebook shares turns higher, up 0.2% after hours May 18, 2012
• CORRECT: Dow falls 73.11 points to 12,369.38 May 18, 2012
• Facebook shares down 0.5% in after hours trading May 18, 2012
• S&P 500 off 9.64 points at 1,295.22 May 18, 2012
• Nasdaq Composite slids 34.9 points to 2,778.79 May 18, 2012
• Nasdaq Composite down 11% from high, in correction May 18, 2012
• Dow, S&P fall for 3rd week, year's longest stretch May 18, 2012

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