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U.S. Morning Call: Facebook fallout - - other IPO's suffer

Thursday, May 31, 2012 - 02:39

May 31 - Travel website Kayak is having second thoughts about going public after seeing Facebook's flop debut.

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FaceBook fallout -- review and sweeteners wheat gives your morning call this Thursday. A technology company delaying its IPO after FaceBook to -- -- reports indicate trouble web site kayak having. Second thoughts about going public now after seeing the social network's debut it did not want to approach that was expected to begin around Memorial Day in the US. The lead underwriter on the deal Morgan Stanley Hussein is based. Here anchor you don't you don't want that. -- the price and see the stock drop this is just a recipe for disaster when you're trying to. You know -- IPO on the current market conditions so it's not a surprise for kayak if that's the case. That matter anybody else including Twitter -- public next. Large one that people are probably expecting going forward so it's not a surprise at all. As for FaceBook it fell below 28 dollars Wednesday before closing above that level itself slightly in premarket. Thomson Reuters looking for healthy results for retailers reporting comparable store sales from may. Testament calls for a gain of three point 6% for the change track. Vs may have twenty mile favorable weather outlook lowered gas prices and must have fashion items expected to boosted mall traffic. So far hostel is reported weaker growth and anticipated. While state stores and -- forecast and what's he'll have a larger decline than it. Stocks to watch today include teen -- Brokerages cutting their ratings and price target on the stock after the digital television reporting company reported a wider quarterly loss and forecast. And -- the losses would continue and -- rising in the premarket after reporting quarterly revenues that topped forecasts. A series of economic reports out today including the preliminary report on fourth quarter GDP. Economists polled by Reuters looking for a gain of one point 9%. Down from that 2.2 percent in the advance report. Thomson Reuters IFR markets these negative revisions to retail sales and a slightly wider than expected trade deficit hurting the results. The report comes out at 830. Weekly jobless claims and ADP employment report on the private sector also out this morning. And finally another attack on the soda industry. New York City mayor Michael Bloomberg wants to ban the sale of any -- bottled sweetened drink larger than sixteen fluid ounces. This would impact carbonated drinks and things like sweetened iced tea and energy drinks. Move aimed at cutting the city's high obesity rates. And that's your morning call this Thursday I'm Fred Katayama this is Reuters inside.

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U.S. Morning Call: Facebook fallout - - other IPO's suffer

Thursday, May 31, 2012 - 02:39