Marketplace Morning Report for Thursday, January 2, 2014
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China has lifted a one-year ban on new stock listings, and a handful of companies are preparing to sell new stocks as early as today. The market for initial public offerings was frozen by the government in 2012 as it pushed to bring rigor and heft to a trading system seen as too risky. And, in this new year, you could hit a paywall when it comes to watching local TV news. Also, the S&P 500 went up 29 percent in the year gone by. The Nasdaq Composite rose nearly 40 percent. But this has prompted an argument that stock prices in 2013 were like cotton candy, lots of size, but not a lot of substance.
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Starting today, the high school equivalency exam supposedly get tougher and will only be offered via computer. And, foreclosures are way down from the worst of the housing crisis, but don’t be surprised if some places see a rise in foreclosure sales.
Posted In: Fiat, Chrysler, cars
The Italian carmaker hopes the deal will make them more competitive, and give them more of Chrysler's cash.
Posted In: Housing, foreclosure
Nearly half of states require that foreclosures go through court. That slower process means a backlog of foreclosures is coming to market.
Posted In: China, IPO
China has announced it will lift a one-year ban on new stock listings in the new year. The market for initial public offerings was frozen by China’s government in late 2012 in attempts to reform a trading system deemed too risky. Traders in Shanghai aren't encouraged.