The Wall Street Journal reports U.S. Stock futures rose as optimism over an expected bailout for Greece helped investors build on the previous session’s sharp gains. Fueling optimism, German officials said they scrapped plans to pressure Greece by withholding part of the bailout, and the European Central Bank plans to swap its Greek debt holdings for new bonds once the debt-restructuring deal is complete. The Wall Street Journal also reports the arrest of independent research analyst John Kinnucan. Mr. Kinnucan, who ran a firm called Broadband Research LLC, was arrested Thursday night by federal agents at his home in Portland, Ore., as part of an ongoing insider-trading investigation.
Reuters reports Gasoline prices jumped 0.9 percent in January, pushing overall consumer prices up at their fastest clip in four months, and offering a reminder of the risks energy costs could pose to the economic recovery. Finally Bloomberg reports Yelp Inc. (YELP), the user-generated review website, plans to raise as much as $100 million in what may be the first initial public offering from a major Internet company this year. Yelp, based in San Francisco, said it will offer 7.15 million shares for $12 to $14 each, according to a regulatory filing yesterday. The stock will trade on the New York Stock Exchange under the ticker YELP. The IPO will probably come ahead of Facebook Inc., the biggest social-networking website, which filed to raise $5 billion on Feb. 1, without setting terms.
The Wall Street Journal reports U.S. Stock futures rose as optimism over an expected bailout for Greece helped investors build on the previous session’s sharp gains. Fueling optimism, German officials said they scrapped plans to pressure Greece by withholding part of the bailout, and the European Central Bank plans to swap its Greek debt holdings for new bonds once the debt-restructuring deal is complete. The Wall Street Journal also reports the arrest of independent research analyst John Kinnucan. Mr. Kinnucan, who ran a firm called Broadband Research LLC, was arrested Thursday night by federal agents at his home in Portland, Ore., as part of an ongoing insider-trading investigation.
Reuters reports Gasoline prices jumped 0.9 percent in January, pushing overall consumer prices up at their fastest clip in four months, and offering a reminder of the risks energy costs could pose to the economic recovery. Finally Bloomberg reports Yelp Inc. (YELP), the user-generated review website, plans to raise as much as $100 million in what may be the first initial public offering from a major Internet company this year. Yelp, based in San Francisco, said it will offer 7.15 million shares for $12 to $14 each, according to a regulatory filing yesterday. The stock will trade on the New York Stock Exchange under the ticker YELP. The IPO will probably come ahead of Facebook Inc., the biggest social-networking website, which filed to raise $5 billion on Feb. 1, without setting terms.