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Fender Cans Plans for IPO

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    FBN’s Liz McDonald with an afternoon market update, plus news that guitar-maker Fender cancelled its Wall Street debut.

  • Duration 1:00
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I'm Elizabeth MacDonald -- their Fox Business recent Wall Street continues its downward trend.

Under renewed concerns over the you're -- debt crisis right now the Dow is down about a 120 points.

Second car -- -- decides against taking center stage the company canceled its Wall Street debut.

Due to market conditions and concerns about the European economy.

-- filed plans back in March for an -- initial public offering of up to 200 million dollars.

Some big names in the music industry the bad -- fender guitars include Bob Dylan.

Bruce Springsteen and Jimi Hendrix and automakers plan to boost hiring and -- plants over the next year that's according to -- survey by KPMG.

Bottom -- say they need to boost output to keep up with the rising to -- to replace aging cars and trucks.

And that's the latest and a Fox Business Network.

Giving you the power to prosper.

Yeah.