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BUSINESS
Facebook Ups Its Forecast: Says Shares Will Sell For $34 To $38Strong demand has pushed the company to say it anticipates a higher initial price for its first publicly traded shares. But can the little guy get in on the action? It won't be easy, experts say.BUSINESS
Facebook's Zuckerberg Turns 28, With Billions Of Reasons To CelebrateAfter Facebook's initial public offering at the end of the week, he's due to be worth about $18 billion. But is it time to ditch the T-shirts and hoodies? |
Buyers Of Hyped Skechers 'Toning Shoes' Can Get RefundsSkechers has agreed to pay $40 million to settle claims that it deceived buyers of Shape-ups shoes.Greece Sets New Election For June 17; Fear Of Bank Runs ReportedThe country will try again to form a government.Folks Seem To Like It, So Facebook Boosts Size Of Stock Offering By 25 PercentThe hoopla continues over Facebook's initial public offering of stock, which is set for Friday.Portugal Looks Back On 1 Year Since Its BailoutUncertainty in Greece is rattling nerves in other European economies worried about a domino effect, if Athens were to leave the euro. Among those is Portugal. Wednesday marks one year since that country received a 103 billion dollar bailout. Reporter Lauren Frayer has more on how Portugal is faring.Business NewsSteve Inskeep has business news.The Last Word In BusinessDavid Greene has the Last Word in business. |
Also in Business
The Latest On Greece's Financial Crisis
Government talks in Greece ended badly after the president invited the leaders of five parties to try to form a coalition. Meanwhile, analysts, economists and several European politicians are talking about a Grexit — a Greek exit from the eurozone — as being inevitable. - READ MOREAtlanta Opens New International Terminal
The $1.4 billion project includes 12 new gates and eight security checkpoints. It's designed to allow international travelers to bypass Atlanta's main terminal. - READ MORECertain Ford Retirees Face Major Pension Decision
Ford Motor Company is making tens of thousands of white-collar retirees decide whether they want to keep getting their pension in monthly installments, or get a lump sum payout. Ford sees the unprecedented move as a way to reduce the company's liabilities. - READ MOREAppeals Court Moves Toward Identifying Donors
A ruling this week by a federal appeals court means non-profit groups running one type of political campaign ad will no longer be able to keep their donors secret. The appellate order, however, could be appealed. - READ MOREDebt Ceiling Debate Is Revived In Washington
Treasury Secretary Timothy Geithner warned on Tuesday that the U.S. will likely hit its debt limit sometime before the end of the year. At the same event in Washington, House Speaker John Boehner promised that any increase in the nation's debt ceiling would have to be accompanied by corresponding budget reductions. . - READ MOREMajority Of Shareholders Still Support JPMorgan Chase
JPMorgan Chase hosted its annual shareholder meeting in Tampa Tuesday, and it was the first chance for shareholders to weigh in on the banks problems. News the bank lost at least $2 billion in a botched trading strategy gave fresh fodder to critics who want banks to be more tightly regulated. The bank faces a vocal group clamoring for change. - READ MOREPizza Delicious Bought An Ad On Facebook. How'd They Do?
What happened when two guys who sell pizza out of a window in New Orleans decided to buy a Facebook ad — and what it says about the state of social-media advertising. - READ MORE
Murdoch Protege Charged With 'Perversion Of Justice'
Ex-News of the World editor Rebekah Brooks, her husband and four others have been charged with alleged perversion of justice in the phone hacking scandal that has shaken the Rupert Murdoch media empire. - READ MORE
Is Facebook Worth $100 Billion?
For Facebook to live up to its valuation, the company will need to redefine advertising as we know it. - READ MOREShareholders Press JPMorgan Over Risk-Taking
Days after the nation's biggest bank reported at least $2 billion in trading losses, some shareholders urged JPMorgan Chase to back rules limiting risky trading. Chairman and CEO Jamie Dimon said the bank had learned its lessons and was taking steps to prevent more problems. - READ MORE
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