What's In The News: November 29, 2011 Facebook exploring raising $10B in its IPO. computer memory makers are losing out as consumers choose Apple's iPad

Uploaded by FinancialNewsOnline on Nov 29, 2011

This is what's in the news for Tuesday, November 29. The Wall Street Journal reports some European nations, struggling to find buyers for their bonds, are pressuring their own banks to fill the gap by acting as lenders of last resort, and in certain cases pushing the amount of risky European debt on those institutions' books even higher. The Wall Street Journal also reports Facebook is moving closer to an IPO, targeting an April to June 2012 time frame. The company is exploring raising $10B in its IPO in a deal that might assign Facebook a $100B valuation. Reuters reports Fitch Ratings gave the U.S. until 2013 to come up with a "credible plan" to tackle its growing budget deficit or risk a downgrade of the country's AAA rating. Bloomberg reports computer memory makers are losing big as consumers choose Apple's (NASDAQ:AAPL) iPad that uses about 75% fewer of the chips than a typical laptop.
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Published on Nov 29, 2011 by Euronews

http://www.euronews.net/ Facebook is reportedly gearing up to go public with its stock. A source close to the world's largest internet social network said it could make a public stock offering next year. The Wall Street Journal says Facebook is hoping to raise 10 billion dollars (7.5 billion euros). It is thought the company, started by Mark Zuckerberg when he was a Harvard student, would have an evaluation of 100 billion dollars (75 billion euros).