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Financial News USA
Feb 8


Crude Carriers shares fall in trading debut
News - Financial News

Shares of Crude Carriers are falling in their market debut Friday after its initial public offering raised $256.5 million. Shares are trading Friday at $18.50 per share, down 50 cents, or 2.6 percent from their offering price of $19.

Crude Carriers Corp. is the second shipping firm to go public this week, following Baltic Trading Ltd. on Wednesday. Both plan to use proceeds to buy ships. [Read the full article]

A look at what investors are seeing in the markets and what it means for your money, with CNBC's Brian Shactman, Bob Pisani, Sharon Epperson, Rick Santelli and Steve Liesman.

One year since the markets hit their recessionary bottom, Blackrock Vice Chairman Bob Doll talks to CNBC's Bob Pisani.

S&P futures moved up about 4 points as February retail sales were much stronger than expected, up 0.3 percent vs. consensus of a drop of 0.2 percent; ex-autos up 0.9 percent, also way better than decline of 0.2 percent expected. These are impressive numbers, especially given the snowstorms. [Read the full article]

Shares of Aveo Pharmaceuticals are falling in their market debut, after its initial public offering raised $81 million.

The cancer therapy developer sold 9 million shares for $9 apiece. It wanted to raise about $98 million by selling 7 million shares at between $13 and $15 each.

The Cambridge, Mass., biotechnology company's lead product candidate is now in last-stage development as a renal cell cancer treatment.

Aveo Pharmaceuticals Inc.'s shares fell 43 cents, or 4.8 percent, to $8.57 in afternoon trading. [Read the full article]

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