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Today's Newsletter:

Sunovia Addresses Performance

Sarasota's Sunovia Energy Technologies (www.sunoviaenergy.com) CEO Mel Interiano posted a letter to investors on its website yesterday addressing the company's recently released quarterly results, performance, outlook and plans—including financing, hiring and negotiations with suppliers and distributors—to become profitable in 2013. Read the investor letter in its entirety here.

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National News Feed

Why Facebook won't start trading at the opening bell
The most hyped IPO of the year is here, but you won't be able to trade Facebook's stock right when the market opens at 9:30 on Friday.
Thu, 17 May 2012 19:03:38 EDT

Moody's downgrades Spanish banks
Rating agency Moody's downgraded 16 Spanish banks on Thursday, the latest sign of distress in Europe.
Thu, 17 May 2012 17:47:18 EDT

Facebook's IPO price: $38 per share
After four months of paperwork, hype and speculation, the last piece of the Facebook IPO is in place: Facebook said it has priced its IPO at $38 a share.
Thu, 17 May 2012 17:15:30 EDT

U.S. slams Chinese solar panels with new tariffs
The U.S. Commerce Department announced stiff tariffs on Chinese-made solar panels Thursday, a move critics said could raise costs for consumers and further inflame trade tensions with Beijing.
Thu, 17 May 2012 19:50:26 EDT

JPMorgan's Dimon to testify in Senate
JPMorgan head Jamie Dimon will appear before a Senate committee to testify about the bank's recent $2 billion trading loss, which has spurred renewed debate about financial reform since being revealed last week.
Thu, 17 May 2012 18:30:52 EDT

Comcast scraps broadband cap, moves to usage-based billing
Comcast on Thursday decided to get rid of its controversial 250 gigabyte-per-month cap for its broadband customers, replacing it with a usage-based billing system.
Thu, 17 May 2012 15:55:31 EDT

Pinterest raises $100 million to bolster growth
Hot social network Pinterest just landed a sizable cash infusion: The company raised $100 million in a financing round by e-commerce giant Rakuten. Existing investors Andreessen Horowitz, Bessemer Venture Partners and FirstMark Capital also participated in the round.
Thu, 17 May 2012 15:05:17 EDT

Verizon ends standalone DSL service, requires landline bundle
Verizon just can't seem to stay out of hot water.
Thu, 17 May 2012 15:04:36 EDT

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