Facebook looks to banking
Last quarter Facebook almost tripled its net income to $642 million thanks to an increase in users and advertising revenue. Founder Mark Zuckerberg wants to continue expanding. His company reportedly wants to jump into the banking business by offering international money transfers. Facebook hopes to benefit from migrant workers who send funds to their home countries.
Portugal on the rebound
More and more positive economic news for Portugal. It's just confirmed a successful sale of 10-year bonds with average yields of less than 3.6 percent. Its budget deficit has shrunk to under 5 percent, less than the 5.5 percent target set by Brussels. And this year's expected 1.2 percent GDP growth is a marked improvement over last year's contraction. Exports are showing strong growth and the trade balance is positive for the first time in two decades. In early May the government of Prime Minister Pedro Passos Coelho is set to decide whether to follow the example of Ireland and completely exit the rescue program.
Romania seeking energy independence
Romania is said to be sitting on Europe's second-largest shale gas reserves. It's turned to controversial hydraulic fracturing or "fracking" in a big way to unlock that gas and guarantee energy independence. But local residents are worried about damage to the environment.