US stocks slip, Yelp jumps 64% after IPO; EU fiscal treaty, oil prices eyed

PUBLISHED ON: March 2, 2012 | Duration: 23 min, 06 sec

   
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The US markets opened in red on Friday, energy stocks saw selling pressure. The consumer review website Yelp jumped over 60 per cent than from its 15-dollar IPO price. The US government asked the court to dismiss a lawsuit on its takeover of insurance company American International Group in 2008, Former AIG Chief alleged it unconstitutional. European leaders signed a fiscal contract to reign in debt in Eurozone; Britain and Czech Republic opted out. Meanwhile, crude oil prices cooled off after supply worries eased, but oil politics is still hot on the back of Iran voting.
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