Weak Economic Data Confirms Slowing Global Growth (SBX,TRLA)

Global growth extends the rut it has been in recently with stocks seeing little change again on Thursday. Reports showed that Asian economies continued with weak data and worries over the euro zone hold as well. In the US, jobless claims remained around two-month highs after 382,000 were reported for the past week. In corporate news, Starbucks (SBX) unveiled a new single-serve coffee product, pushing shares of Green Mountain Coffee Roasters Inc. (GMCR) down. Exxon Mobile (XON) made a $1.6 billion deal with Denbury Resources (DNR) to acquire the Bakken shale assets in North Dakota and Wyoming.
Making its IPO debut on Thursday was Trulia Inc. (TRLA), whose stock soared 41%, selling six million shares above what was in the proposed range.

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Published on Sep 20, 2012
By InvestorGuide Staff

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