Financial News Updates

Facebook May File for IPO By Wednesday: Report
Facebook could file for its long-awaited initial public offering as early as Wednesday, the Wall Street Journal reported Friday.

Obama Decries Rising Cost of College Education
President Obama called Friday for an overhaul of the higher education financial aid system, warning that colleges and universities that fail to control spiraling tuition costs could lose federal funds.

Natural Gas Prices Up: Is There Still Time to Buy?
Natural gas has gotten a much needed boost over the last couple weeks, rising over 15% after a catastrophic drop in the last year.

Dow, S&P Slip; Dow Headed for First Down Week in 2012
The Dow and S&P 500 drifted lower Friday after the government reported the U.S. economy grew at a slower pace than economists had expected in the fourth quarter.

Fitch Cuts Italy, Spain, Other Euro Zone Ratings
Fitch Ratings on Friday downgraded the sovereign credit ratings for Italy, Spain, Slovenia, Belgium and Cyprus indicating there is a 1-in-2 chance of further downgrades in the next two years.

Davos Dispatch: Visiting Occupy Davos
The group, an offshoot of the Occupy Zurich movement, has maintained a relatively low profile at this gathering of the elite.

Greek Debt Wrangle May Pull Default Trigger
Opposition to payouts on Greek credit-default swaps from EU policy makers is softening as disputes over a voluntary debt exchange threaten to push Greece into default.

EU Takes Issue With Volcker Rule
Michel Barnier said that he plans to raise objections with Mr. Geithner about the potential impact of the so-called Volcker rule.

Gingrich Jab at Goldman Belies Pro-Bank Policy Proposals
Newt Gingrich took aim at Wall Street yesterday as the former U.S. House speaker said he isn't running for president to 'represent Goldman Sachs.'

Steve Roach: Economic Recovery? Oh, Please.
Provided by Business Insider: I had breakfast yesterday with Steve Roach, one of Wall Street's most respected economists. Steve is now the chairman of Morgan Stanley Asia and a professor at Yale. In addition to getting Steve's latest take on the global economy (gloomy), I learned that he is married to my second grade teacher, [...]