Wednesday, June 27, 2012

Wednesday Morning News and Updates

Germany's Chancellor Angela Merkel's plan for Europe is causing doubt among other European countries as well as the rest of the world. Will their grand plans of creating European integration through a political union be successful?

The super heat-spike has caused Colorado's wildfire to double in size since it began last night. It has grown to over the span of 24 square miles, with only 5% being contained. Local firefighters are currently assessing the situation in how to keep the flames from spreading.

Issues on how much Facebook stock should be priced at is a major topic today in Wall Street. While major financial institutions such as Goldman Sachs and JP Morgan believe it should be priced between $45 and $47 respectively over the next year, others believe it should settle at the price it started out: $38. Currently, the average Facebook stock is $37.71. Has the stock market overestimated the revolution Facebook was to have over the industry after going public?

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