... * Shares rise as much as 150 pct, valuing company at nearly $2 bln. * Daniel Meyer's 21 pct stake worth about $390 mln at high.
So much for the growth boom. Friday's report that the economy grew only 2.6% in last year's fourth quarter was disappointing, not least because it would have been worse without the fillip for consumers from falling oil prices.
Major U.S. stock indexes closed lower Friday, their third decline for the week. The government reported that the U.S. economy grew at a slower pace than expected in the final quarter of 2014 even as wages rose.
Greece's new left-wing finance minister says his government will not negotiate over the Greek bailout conditions with the "troika" team from the EU and IMF.
Chevron Corp. slashed its drilling budget by the most in 12 years and said it may delay some shale projects as energy producers around the world hoard cash and curtail ambitions in response to free-falling oil prices.