It was enough to give the major indexes their worst losses in three weeks. Financials led the decline all day long, but in the afternoon selling picked up in energy stocks, materials and consumer discretionaries.

I think this was lunacy on the part of the European monetary authorities, the banking regulators, or whoever it was responsible for making this decision in Cyprus. They have stepped on Russian toes, and the Russians are not going to be happy about this. Somebody will have to pay for it.

I think this is very stupid. The news marks the first time depositors have been asked to contribute to a financial-rescue plan during the long-running euro-zone debt crisis.

Cyprus Stock Exchange

Some stock market commentators feared a run on bank deposits and predicted panic in the stock market, but as Jim Cramer noted, none of it came to fruition. Board member and former CEO Larry Probst will take over as executive chairman as the company looks for a new CEO.

Riccitiello said in a letter that his decision to leave is "really all about my accountability for the shortcomings in our financial results this year. It currently looks like we will come in at the low end of, or slightly below, the financial guidance we issued to the Street, and we have fallen short of the internal operating plan we set one year ago.

And for that, I am percent accountable. Those results are due out on May 7. According to eBay's annual proxy statement released Monday, the company boosted Mr.

The company said that certain shipments of Lululemon pants and crops available in stores since March 1 don't meet its technical specifications. While the ingredients, weight and longevity quality of the affected pants remain the same, "the coverage does not, resulting in a level of sheerness in some of our women's black Luon bottoms that falls short of our very high standards. It's a stunning admission for a company who's flagship brand has But Eric Schmidt, senior manager-marketing strategy and insights at Coca-Cola, isn't giving up on buzz just yet.

And he cautioned against reading too much into the research, noting that it covers only buzz, not sharing, video views or other aspects of social media. One problem Coca-Cola has is determining whether buzz is actually positive or negative in the first place. In one study where Coke pulled out more than 1, social-media messages randomly and had human raters compare them to automated sentiment analysis by one vendor, there were how do magicians make money float differences.

Online readers of the Post will be required to pay a subscription fee after accessing 20 free articles per month. Subscribers to the print edition of the newspaper will have free access to all of the Post's digital content. The Post, which made the announcement on Monday, hasn't announced how much it will charge.

Amazon's online cyprus effect on stock market generates margins many times higher than traditional retail as the company takes a cut of every sale on its site made by a merchant, known as a third-party seller, and charges extra fees for handling logistics.

The growth of this business, which now accounts for almost 40 percent of binary stock trading practice account uk sales, has helped push Amazon shares to record highs. But a series money miner free online games fee hikes over the past year and a half have alienated many merchants, and some are threatening to defect.

Affymax also fired its chief commercial officer and slashed about jobs, or about 75 percent of its workforce, as part of a plan to cut costs. Yucaipa Taps Into U. Instead of brewing its own beer, Brew Hub of St.

The new venture will also offer brewers other fee-based services, including distributing and marketing support. Roughly three of four beers sold in the U.

Cyprus: Article IV Consultation-Staff Report; Staff Statement; Public - International Monetary Fund - Google Livres

Belgium's Anheuser-Busch InBev NVwhich makes Budweiser and Bud Light, and MillerCoorsa joint venture between the U. But most of the industry's expansion is being fueled by hundreds of small and independent brewers, or so-called craft brewers, whose shipments have grown by a double-digit percentage three straight years as more Americans branch out from mainstream lagers.

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Register Log In Profile Email Preferences PRO Sign Out. The Cyprus Effect Tom Rotunno TomRotunno. Maurice Smith Photononstop Getty Images. And I'm caught one more time Up on Cyprus Avenue -Van Morrison, "Cyprus Avenue".

Tom Rotunno Senior Editor.