Posted: Aug 17, 2012 8:46 AM by KPAX/KAJ Media Center
NEW YORK (CNNMoney) -- It looks like Greece will be able to make its latest bond payment next week, thanks to some creative financing. The Greek government sold over €4 billion worth of three month bills on Tuesday, which analysts say will be used to repay €3.2 billion in bonds held by the European Central Bank that mature on August 20.
NEW YORK (CNNMoney) -- Shares of Apple set another all-time high on Friday on growing expectations for an upcoming wave of new gadgets. Apple's stock hit $644.13, besting the previous high set in April. The company's shares blew through a series of record highs in the first four months of the year, but had then been in a funk since May, when Apple reported that its iPhone sales had plateaued.
NEW YORK (CNNMoney) -- Mexico, one of the largest suppliers of oil to the United States, has a big problem: Its production of crude is falling fast. In 2008, the country's production peaked at 3.2 million barrels a day, according to the U.S. Energy Information Administration. Last year, it didn't even produce 3 million a day. The reason: aging oil fields and years of underinvestment.
NEW YORK (CNNMoney) -- U.S. stocks were poised for a mixed start Friday as investors close the books on a quiet trading week. U.S. stock futures were mostly flat. Companies, including retailer Foot Locker and food producer J.M. Smucker, reported their quarterly results Friday morning. The Michigan Consumer Sentiment Index and the Conference Board's leading indicators reading will be released just after the open.
(CNN) -- In a sign of the world's growing rapprochement with Mynamar, credit card giant Visa has announced it is entering the market of the once isolated Southeast Asian nation. "The first priority for Myanmar will be preparing for the influx of international visitors resulting from the relaxation of international sanctions," the company said in a press release Friday.