Facebook IPO valued at $95 billion NEW YORK — Facebook, the company that turned the social Web into a cultural and business phenomenon, is worth as much as $95 billion, according to the price range for its upcoming initial public of...
May 06, 2012 | 0 | 2 |
By BARBARA ORTUTAY Associated PressAssociated Press
All-time top 10 IPOs for internet companies Facebook is hoping to raise as much as $11.8 billion in an initial public offering of stock. It would be the largest IPO ever for an Internet company. Here are the top 10 so far, according to Renai...
Jobs report sends oil to biggest drop in 3 months NEW YORK — The price of oil suffered its biggest one-day decline in nearly three months Friday, falling below $100 per barrel for the first time since February. A drop in gasoline prices can’t be f...
May 06, 2012 | 0 | 4 |
By CHRIS KAHN and JONATHAN FAHEY Associated PressAssociated Press
US stocks fall after conflicting economic reports Wall Street gnawed on a muddle of economic data and corporate earnings news Thursday, then sent stock indexes lower for a second day. Disappointing April sales results from big retailers set the...
May 04, 2012 | 0 | 3 |
By DANIEL WAGNER Associated PressAssociated Press
US economy recovering but isn’t yet accelerating WASHINGTON — The U.S. economy’s recovery looks enduring. It’s just not very strong. Hiring, housing, consumer spending and manufacturing all appear to be improving, yet remain less than healthy....
May 04, 2012 | 0 | 4 |
By PAUL WISEMAN Associated PressAssociated Press
German court rules for Motorola on patents BERLIN — A court in Germany ruled Wednesday that Microsoft infringed two patents held by Motorola, in a case that could affect sales of its popular Xbox 360 console and the Windows 7 operating syst...
May 03, 2012 | 0 | 2 |
by FRANK JORDANS Associated PressAssociated Press
Sears execs say stores financially strong HOFFMAN ESTATES, Ill. — Sears executives tried Wednesday to ease concerns about the troubled retailer’s long-term outlook amid ever-sinking sales, emphasizing the company’s financial strength, incr...
May 03, 2012 | 0 | 1 |
By DAVE CARPENTER Associated PressAssociated Press
‘The Scream’ fetches record bid NEW YORK — One of the art world’s most recognizable images — Edvard Munch’s “The Scream” — sold Wednesday for a record $119,922,500 at auction in New York City. The 1895 artwork — a modern symbo...
May 03, 2012 | 0 | 3 |
By ULA ILNYTZKY Associated PressAssociated Press
Midwest economic survey suggests growing strength OMAHA, Neb. — The economy appears to be improving in nine Midwest and Plains states because of the strength of manufacturing and agricultural businesses, according to a survey of business leaders r...