Reuters reports, Facebook increased the size of its IPO by almost 25 percent, and could raise as much as $16 billion, as strong investor demand for a share of the No.1 social network trumps debate, about its long-term potential to make money. Facebook, founded eight years ago by Mark Zuckerberg, in a Harvard dorm room, said on Wednesday it will add about 84 million shares to its IPO, floating about 421 million shares in an offering, expected to be priced on today. Investors who want Facebook shares when it goes public later this week, may have lost the opportunity, as several brokerages have now stopped taking Facebook IPO orders.
So the question we are all asking ourselves: “What would happen if Greece were to exit the euro zone? According to Reuters, a Greek exit from the euro zone, could expose the European Central Bank and the currency bloc it seeks to protect, to hundreds of billions of euros in losses, landing Germany and its partners with a crippling bill. A Greek departure would take Europe into uncharted legal waters. The size of the burden other euro zone states could bear, gives them a powerful incentive to keep Greece in the currency club. With most of Greek’s private creditors having taken heavy writedowns as part of the country’s second, 130 billion euros bailout, it is estimated that the ECB, International Monetary Fund and euro zone nations, hold approaching 200 billion euros of its debt. According to Andrew Bosomworth, senior portfolio manager at asset manager Pimco, “In the event of an exit, (Greece) will default. And the loss given default will, probably be high enough, to eliminate the ECB’s capital,” said Andrew Bosomworth,.
Bloomberg reports, Drinking Coffee May Help Drinkers Live Longer. Both, caff or decaff, may help extend the lives of people, who drink it daily, a U.S. study found. Men who drank 2 to 3 cups a day, had a 10 percent chance of outliving those, who drank no coffee, while women had a 13 percent advantage, according to research published yesterday, in the New England Journal of Medicine. The study by researchers at the National Cancer Institute, is the largest to compare coffee drinkers, with those who avoid it, to determine whether the beverage can delay the risk of dying, from ailments such as heart disease, diabetes or respiratory illness, said Neal Freedman, the lead study author. It’s unclear why coffee may be beneficial, and more research is needed to study that question, he said.
Reuters reports, Facebook increased the size of its IPO by almost 25 percent, and could raise as much as $16 billion, as strong investor demand for a share of the No.1 social network trumps debate, about its long-term potential to make money. Facebook, founded eight years ago by Mark Zuckerberg, in a Harvard dorm room, said on Wednesday it will add about 84 million shares to its IPO, floating about 421 million shares in an offering, expected to be priced on today. Investors who want Facebook shares when it goes public later this week, may have lost the opportunity, as several brokerages have now stopped taking Facebook IPO orders.
So the question we are all asking ourselves: “What would happen if Greece were to exit the euro zone? According to Reuters, a Greek exit from the euro zone, could expose the European Central Bank and the currency bloc it seeks to protect, to hundreds of billions of euros in losses, landing Germany and its partners with a crippling bill. A Greek departure would take Europe into uncharted legal waters. The size of the burden other euro zone states could bear, gives them a powerful incentive to keep Greece in the currency club. With most of Greek’s private creditors having taken heavy writedowns as part of the country’s second, 130 billion euros bailout, it is estimated that the ECB, International Monetary Fund and euro zone nations, hold approaching 200 billion euros of its debt. According to Andrew Bosomworth, senior portfolio manager at asset manager Pimco, “In the event of an exit, (Greece) will default. And the loss given default will, probably be high enough, to eliminate the ECB’s capital,” said Andrew Bosomworth,.
Bloomberg reports, Drinking Coffee May Help Drinkers Live Longer. Both, caff or decaff, may help extend the lives of people, who drink it daily, a U.S. study found. Men who drank 2 to 3 cups a day, had a 10 percent chance of outliving those, who drank no coffee, while women had a 13 percent advantage, according to research published yesterday, in the New England Journal of Medicine. The study by researchers at the National Cancer Institute, is the largest to compare coffee drinkers, with those who avoid it, to determine whether the beverage can delay the risk of dying, from ailments such as heart disease, diabetes or respiratory illness, said Neal Freedman, the lead study author. It’s unclear why coffee may be beneficial, and more research is needed to study that question, he said.