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Radio Update: Stocks mixed day, mixed week

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Fri, 27 Jan 2012|

The latest news from Steve Orr, including a report that Facebook could file papers to become a public company as early as next week.

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Tags:

  1. Dow Industrials0:08
  2. NASDAQ added0:24
  3. Wall Street0:00, 0:33
  4. economic growth0:06
  5. S&P 5000:22
  6. Chevron0:07, 0:16
  7. FaceBook0:31, 0:34, 0:42
  8. Tennessee0:51
  9. Florida0:51

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Automatically Generated Transcript (may not be 100% accurate)

Wall Street finished the week with a split decision following a weaker than expected report on fourth quarter economic growth. Chevron helped drag the Dow Industrials lower that after weak margins at its refineries cut into its profits in the past quarter. Chevron itself slid two and a half percent. Now the Dow lost 74 points the S&P 500 shed two. The NASDAQ added eleven the indexes were mixed for the week the Dow suffered its first losing week of the year. FaceBook has no comment but the Wall Street Journal reports FaceBook. Could file papers to become a public company as early as next Wednesday. This IPO could value FaceBook at as much as 100 billion dollars. At a short time ago came word regulators have closed two more banks one each in Florida and Tennessee. I mean so far this year five banks to fail. I'm Steve war at marketwatch.com.

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