Honda reports unexpected gains in US market

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Source: Bloomberg
Honda Motors posted an unexpected expansion in US markets, ending 8 months of contraction in sales. The Japanese car maker reported an 8.8% annual growth on rebounded vehicle demand. Analysts previously predicted a 1.2% decline. Other Japanese auto producers including Toyota Motors and Nissan Motors also faced growth in sales in US markets.
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Thu, 02 Feb 2012 08:01:20 GMT

Facebook prepares for USD 5B IPO

Facebook Inc. filed to obtain USD 5 billion in the biggest internet IPO. Menlo Park is estimating the value of company to be between USD 75 billion to USD 100 billion. Yesterday, Facebook appointed Morgan Stanley as the main underwriter of the IPO. The social network company reported an 24 times increase in sales during last four years, reaching USD 3.7

Thu, 02 Feb 2012 07:23:57 GMT

ECB reluctant to join Greek bond swap

The ECB is expected to reject helping to lessen Greek debt load until private creditors and government reach an agreement. Greek investors are boosting pressure on ECB to support the debt swap, however, the bank's officials are awaiting for the final agreement before disclosing ECB strategy which may contain sacrificing profits from Greece's bonds. 

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