Uncertainy About Greece Brings Markets Down (S, F)
Markets were down today on the results of the Greek elections, as a new coalition government has yet to form. In more positive news, job openings in March were at their highest since July 2008. Sprint (S) CEO Dan Hesse had to take a $3.25 million paycut as an expensive deal he made with Apple (AAPL) to get the iPhone on their network continues to be controversial among investors. Ford (F) is going to be increasing production time in 13 North American factories in order to produce an additional 40,000 vehicles in 2012.
Word on the Street
- Political uncertainty in Greece brought global markets down today.
- The S&P 500 hit a monthly low.
- Job openings hit a four year high in March.
- Sprint's (S) CEO took a paycut because of how costly the iPhone deal was to the company.
- Ford (F) is going to add a week of production to some of its North American factories.
- Bank of America (BAC) has begun its home loan modification offers.
Published on May 8, 2012By InvestorGuide Staff