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U.S. markets news

Facebook, a year after IPO
After a market debut marred by technical glitches and a deep dive in the company's stock price, Facebook has spent the past year focused on its biggest weaknesses: how to make money and keep its more than 1 billion users tethered to the social network.
The Facebook IPO, One Year Later  Wall Street Journal
Facebook IPO: a bittersweet one-year anniversary  Christian Science Monitor
Forbes   Related articles »  
Bernanke's advice for college grads
"During your working lives, you will have to reinvent yourselves many times," Federal Reserve Chairman Ben Bernanke told new graduates at Bard College at Simon's Rock on Saturday.
Bernanke Tells Grads Innovation Is Key  CNBC.com
Bernanke Optimistic About Innovation  Wall Street Journal
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Tumblr In Talks With Yahoo; Facebook And Microsoft Also Said To Be Circling
According to multiple reports (the first coming from All Things D), the social blogging site is in serious talks with Yahoo Yahoo, which is looking to secure a strategic investment, partnership or even an outright acquisition.
Yahoo's Mayer Said to Be Preparing Updates for Flickr Photo Site  Bloomberg
Yahoo sets event for Monday as Tumblr rumors swirl - USA Today  USA TODAY
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Consumer Sentiment Index in U.S. Rose to 83.7 in May from 76.4
Americans' confidence in the economy climbed in May to the highest level in almost six years as rising real estate values and record stock prices boosted household wealth.
May consumer sentiment highest in nearly six years  Reuters
Consumer sentiment perks to post-recession peak  MarketWatch
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The Winklevoss twins are Bitcoin bulls
The Winklevoss brothers' legal battle with Facebook (FB) over the social network's messy creation made them rich. They eventually walked away with stock worth around $150 million at today's share price.
Bitcoin finding its feet at first Silicon Valley conference  Computerworld
Influential Silicon Valley Investor Explains Why He's Investing In ...  Business Insider
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Will American's New Boarding Process Work? It Failed at Virgin America.
Give American Airlines credit for trying a new method to board passengers more quickly. Airlines constantly tinker with the boarding process, and this time American says it has found a way to cut an average of two minutes from the 40 minutes to 45 minutes ...
American Airlines Doesn't Want Your Bags in the Cabin  Businessweek
US airline group sees pickup in summer air passengers  Reuters
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California jobless rate falls to 9%
No one ever said the economic recovery would be pretty. California eked out more growth in April as employers added 10,400 jobs, bringing the net total added over the year to 273,000.
Unemployment Rate Falls to 4.4 Percent in Coronado  Patch.com
EDD cuts back phone help to the jobless  San Francisco Chronicle
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Fed has not lowered interest rates enough: Kocherlakota
By Ann Saphir. CHICAGO | Fri May 17, 2013 3:25pm EDT. CHICAGO (Reuters) - The Federal Reserve has not done enough to lower U.S. borrowing costs to boost economic growth, a top Fed official said on Friday, citing his outlook for overly low inflation and ...
Kocherlakota Says Fed Hasn't Reduced Real Interest Rate Enough  Bloomberg
Fed Official Says It Has Not Done Enough for Growth  New York Times
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Gains for a 4th Week in a Row, and Milestones, Too
Stocks continued their climb into uncharted territory on Friday, racking up the fourth week in a row of gains as encouraging economic data prompted investors to buy shares of growth companies.
Dow, S&P end at records, stocks mark fourth week of gains  Reuters
Five Stocks That Made Big Gains this Week - NASDAQ.com  NASDAQ
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How JC Penney Can Stem The Tide Of Slumping Sales
Yesterday, J.C. Penney announced a serious first quarter loss of $348 million, or $1.58 per share and a revenue slump of 16.4% to $2.635 billion as same store sales dropped 16.6%.
Where Did All Those JC Penney Customers Go?  Wall Street Journal
J.C. Penney First-Quarter Net Loss Widens After Johnson Leaves  Bloomberg
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