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Tuesday, June 12, 2012

Financial News 06/12/2012

Bloomberg: Warren Buffett sells lunch for $3.46 million at auction bid
CNN Money: State of Wyoming shrunk 1.2% in 2011
CNBC: Capital requirements could doom savings & loan institutions
NYT: Local government employment serves austerity to Americans
Daily Finance: False tax return & $200k spending spree ends up with arrest
BLS: May U.S. import prices decreased 1% in May, export prices down .4%
BI: 17% of Singaporeans are millionaires, 27% of bankers prefer Singapore
AP:  Median family net worth in 2010 was no higher than in 1992
Reuters: Energy prices directly linked to recession per fund manager
MW: Chinese financial institutions lent $17.84 bln more in May than April
Zero Hedge: Investors doubting Eurozone bailouts at faster rate
BBC: Fitch downgrades two Spanish banks, 10-yr bond yields 6.5%

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