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Business News Feeds

2012-02-02T07:15:00.001-08:00

Business News Feeds

Best Buy ads to use innovators, not Justin Bieber
Gold Dust Lounge's time running out
Historic Oakland home's owner getting help
White House proposes aid for underwater homeowners
Facebook files for highly anticipated IPO
Manufacturing expands at fastest pace since June
Stocks rise on manufacturing data
Ford's US sales up 7 percent in January
GM's US sales fall 6 percent in January
Main says violations at US coal mines down in 2011
Abercrombie & Fitch shares tumble on weak outlook
Trump offers golden graves for silver-spoon set
Wine producers campaign for truth in labeling
US stock futures edge up slightly
Kellogg fourth-quarter net income jumps
Worker productivity growth slowed in 4th quarter
Romney stock trades clash with divestment pledge
Fewer seek unemployment aid as job market improves
Amazon makes India debut with Junglee.com
Ship traffic for Feb. 2
Pfizer recalls a million birth-control pill packs
Apple loses bid to ban Samsung Galaxy devices
SolarCity said to be considering IPO
American Airlines wants to cut 13,000 jobs
Franklin Resources profit falls amid world's slump
TheStreet Ratings 2012 Ultra Fund Families
Glencore, Egypt Soccer Riots: Hot Trends
Xstrata in Merger Talks With Glencore
RayWJ: YouTube's Top Star
EU official: Greece needs extra $20 billion (AP)
Fed will protect U.S. from Europe fallout: Bernanke (Reuters)
Rate on 30-year mortgage falls to record 3.87 pct. (AP)
Starwood 4Q profit falls, but tops Street's view (AP)
U.K. Police Probe '09 Email Hacking
Venezuela's oil exports to US decline (AP)
US jobless claims trend lower
Facebook Sets Historic IPO
Sony Swings to Loss, Slashes Forecast
Oh baby! Small biz scores huge Angry Birds deal
6 Biggest Facebook IPO Surprises
Wall Street opens up after jobless claims data (Reuters)
Cigna's Net Drops 37%
Ally Financial Swings to Loss
The risks that killed MF Global
Mixed retail sales, lower jobless claims boost stocks
Stocks Waver on Employment Data
Insiders Trading SPB, FRAN, END, TXN
Video: Will Facebook Keep Its Pace After IPO?
Blackstone Group Loss Widens
Stocks edge higher at the open
MasterCard Profit Slumps on Charge
Glencore and Xstrata close to $80bn deal
Facebook surrenders its privacy in IPO documents
US Slavery Museum seeks more time on tax returns (AP)
New York Times Profit Falls
Stocks higher as growth fears ease
Abercrombie & Fitch shares tumble on weak outlook (AP)
Retailers Post Solid Sales
State of the Art: A Truly Wireless Mobile Scanner From Xerox - State of the Art
East Europe Freeze Death Toll Exceeds 100 as Towns Blocked
Employment Gains as U.S. Health Care Eclipses Manufacturing
Global Strategists Abandon Bearish Views After Missing Rally
Goldman Loses Facebook IPO Lead Role After ‘Strained’ 2011 Sale
Colombia Drug Lords’ Cattle Theft Rob Rally Benefit: Commodities
Claims for first-time unemployment benefits fall
Analysts' Actions: CMG, QCOM, DELL, BRCM
AstraZeneca to cut 7,300 jobs as outlook darkens
Deutsche Bank Profit Tumbles as Debt Crisis Curbs Trading
Obama Vows to Cut Red Tape Stymieing Homeowners Loans: Mortgages
Stock picks from Fed officials
Economix Blog: Where the Jobs Are, by 2020
Quarterly Profit Falls 12.2% at Times Co.
Networks Resort to Trickery in an Attempt to Lift Ratings
For Founders to Decorators, Facebook Riches

Best Buy ads to use innovators, not Justin Bieber

Posted: 02 Feb 2012 03:01 PM PST

Until Steve Jobs died, Best Buy was plotting a familiar course for its Super Bowl ad: hiring a celebrity spokesman. Then all the tributes poured in after the Apple founder's Oct. 5 death, and Best Buy's U.S. marketing...

Gold Dust Lounge's time running out

Posted: 02 Feb 2012 03:01 PM PST

The fight to save the Gold Dust Lounge just got tougher. A new lease reportedly has been signed for the corner space at Union Square, which encompasses the Gold Dust Lounge and an adjacent art gallery. "It's signed,...

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Historic Oakland home's owner getting help

Posted: 02 Feb 2012 03:01 PM PST

Oakland author and preservation activist Jane Powell has poured blood, sweat, tears and lots of money into restoring her 1905 Arts and Crafts house, a vintage treasure in the Fruitvale district. But after seeing her...

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White House proposes aid for underwater homeowners

Posted: 02 Feb 2012 03:01 PM PST

The Obama administration on Wednesday detailed its new proposal to let some homeowners with mortgages not owned by Fannie Mae or Freddie Mac refinance into a new loan backed by the Federal Housing Administration, even...

Facebook files for highly anticipated IPO

Posted: 02 Feb 2012 03:01 PM PST

Facebook, the company that made public sharing a global lifestyle, shared its financial data for the first time Wednesday when the Menlo Park social-networking giant filed much-anticipated plans to sell stock. Investors...

Manufacturing expands at fastest pace since June

Posted: 02 Feb 2012 03:01 PM PST

(02-01) 14:21 PST WASHINGTON (AP) -- U.S. manufacturing activity grew in January at the fastest pace in seven months, boosted by a rise in new orders. And builders ended a poor year for construction by spending more on...

Stocks rise on manufacturing data

Posted: 02 Feb 2012 03:01 PM PST

(02-01) 13:10 PST , (AP) -- U.S. stocks are finishing higher after strong manufacturing data and encouraging reports from Greece. Stronger gains earlier in the day faded by the closing bell, though. The Dow Jones...

Ford's US sales up 7 percent in January

Posted: 02 Feb 2012 03:01 PM PST

(02-01) 07:31 PST DETROIT, (AP) -- Ford says that sales rose 7 percent in January on strong demand for small cars and SUVs. Sales of the Ford Focus compact car were up 60 percent over last January, while sales of the...

GM's US sales fall 6 percent in January

Posted: 02 Feb 2012 03:01 PM PST

(02-01) 07:00 PST DETROIT (AP) -- General Motors Co. says its U.S. sales fell 6 percent in January compared to a strong month a year ago. GM said Wednesday that car sales were up 13 percent, led by the new subcompact...

Main says violations at US coal mines down in 2011

Posted: 02 Feb 2012 03:01 PM PST

(02-02) 06:42 PST Charleston, W.Va. (AP) -- Coal operators across the country are changing the way they work and mines are becoming safer. But the head of the federal Mine Safety and Health Administration says there are...

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Abercrombie & Fitch shares tumble on weak outlook

Posted: 02 Feb 2012 03:01 PM PST

(02-02) 06:22 PST New Albany, Ohio (AP) -- Shares of Abercrombie & Fitch are tumbling before the opening bell with the retailer saying that its fourth-quarter adjusted earnings and revenue will likely disappoint Wall...

Trump offers golden graves for silver-spoon set

Posted: 02 Feb 2012 03:01 PM PST

(02-02) 06:21 PST Newark, N.J. (AP) -- They say you can't take it with you when you die, but that's not necessarily true for the wealthiest Americans _ like Donald Trump. He announced this week he is considering...

Wine producers campaign for truth in labeling

Posted: 02 Feb 2012 03:01 PM PST

(02-02) 06:16 PST Napa, Calif. (AP) -- Napa Valley wine producers will go a long way to protect their good name, all the way to Thailand if necessary. That's the latest country which has awarded Geographic Indication...

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US stock futures edge up slightly

Posted: 02 Feb 2012 03:01 PM PST

(02-02) 06:15 PST New York (AP) -- U.S. stock futures are up slightly after a weekly report on new unemployment claims showed the number of people seeking unemployment aid fell last week. Dow Jones industrial futures...

Kellogg fourth-quarter net income jumps

Posted: 02 Feb 2012 03:01 PM PST

(02-02) 05:52 PST Battle Creek, Mich. (AP) -- Cereal maker Kellogg Co. said Thursday that its fourth-quarter net income rose 23 percent as its investments in its supply chain paid off and higher revenue from North...

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Worker productivity growth slowed in 4th quarter

Posted: 02 Feb 2012 03:01 PM PST

(02-02) 05:48 PST WASHINGTON, (AP) -- Workers were more efficient in the final three months of last year, but their gains in productivity were slower than during previous three months. Slower productivity growth can be...

Romney stock trades clash with divestment pledge

Posted: 02 Feb 2012 03:01 PM PST

(02-02) 05:46 PST WASHINGTON, (AP) -- During his presidential campaign in 2007, Republican candidate Mitt Romney promised that a trust overseeing his financial portfolio would shed any investments that conflicted with...

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Fewer seek unemployment aid as job market improves

Posted: 02 Feb 2012 03:01 PM PST

(02-02) 05:42 PST WASHINGTON, (AP) -- The number of people seeking unemployment aid fell last week, a sign that companies are cutting fewer jobs and likely stepping up hiring. Weekly unemployment applications fell 12,...

Amazon makes India debut with Junglee.com

Posted: 02 Feb 2012 03:01 PM PST

(02-02) 05:41 PST MUMBAI, India (AP) -- Amazon.com is coming to India, with the Thursday launch of Junglee.com, a watered-down version of its global shopping portal. Junglee.com offers 12 million products from more than...

Ship traffic for Feb. 2

Posted: 02 Feb 2012 03:01 PM PST

Due to arrive today SHIP FROM PORT Pusan Seattle OAK Cape Melville Port Unknown OAK Charlotte C.Rickmers Port Unknown OAK APL Singapore San Pedro, Calif. OAK MSC Poh Lin Port Unknown OAK Sea-Land Lightning Los Angeles...

Pfizer recalls a million birth-control pill packs

Posted: 02 Feb 2012 03:01 PM PST

Number of the day 1 million That's how many birth-control packs were recalled by Pfizer this week after the company discovered that some pills were mixed up inside the packages. Each pack is supposed to contain 21 white...

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Apple loses bid to ban Samsung Galaxy devices

Posted: 02 Feb 2012 03:01 PM PST

Apple failed to get a preliminary ban on sales of Samsung Electronics' Galaxy 10.1N and Galaxy Nexus' mobile phone from a German court. The Munich Regional Court rejected the motion Wednesday, in a case where Apple...

SolarCity said to be considering IPO

Posted: 02 Feb 2012 03:01 PM PST

SolarCity Corp., the developer of rooftop solar power systems whose chairman is Elon Musk, is preparing to file for an initial public offering, three people with knowledge of the matter said. The San Mateo company,...

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American Airlines wants to cut 13,000 jobs

Posted: 02 Feb 2012 03:01 PM PST

AIRLINES American aims to cut 13,000 jobs The parent of American Airlines wants to eliminate about 13,000 jobs - 15 percent of its workforce - as the nation's third-biggest airline remakes itself under bankruptcy...

Franklin Resources profit falls amid world's slump

Posted: 02 Feb 2012 03:01 PM PST

MUTUAL FUNDS Franklin's profit slumps Franklin Resources, manager of the Franklin and Templeton mutual funds, said fiscal first-quarter profit fell 4.1 percent amid a slump in worldwide stocks and withdrawals from the...

TheStreet Ratings 2012 Ultra Fund Families

Posted: 02 Feb 2012 07:12 AM PST

NEW YORK (TheStreet Ratings) -- TheStreet.com Ratings ranked 14,478 open-end stock mutual funds offered by 461 different fund families on the basis of risk-adjusted return for our Winter 2011-12 Guide to Stock Mutual Funds. The top 30% of funds with grades of B+ or better are considered to be 'Buys', the middle 40% 'Holds' have grade in the C range, and the lower 30% 'Sells' have grades of D+ or worse.

The fund families placing a higher percentage of their funds in the top 30% of our year-end rankings than their peers are considered to be 'Ultra' fund families. Peer groups include fund families with 100 or more rated funds, 40 to 99 rated funds, 10 to 39 rated funds, and 1 to 9 rated funds.

...

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Glencore, Egypt Soccer Riots: Hot Trends

Posted: 02 Feb 2012 07:09 AM PST

Reporter Brittany Umar details the day's most searched topics on Google, Yahoo! and Twitter -- including Glencore and Egypt's soccer riots.

Xstrata in Merger Talks With Glencore

Posted: 02 Feb 2012 07:08 AM PST

Xstrata and Glencore are in talks for a merger that would create the world's third-largest mining company, with a market cap of about $80 billion, and dramatically alter the industry's landscape.

RayWJ: YouTube's Top Star

Posted: 02 Feb 2012 07:04 AM PST

Earning an estimated $1 million a year, a foul-mouthed comic shows the new rules of new media.

EU official: Greece needs extra $20 billion (AP)

Posted: 02 Feb 2012 07:04 AM PST

AP - Greece's international debt inspectors have discovered that the debt-ridden country still needs an extra euro15 billion ($20 billion) in help — on top of a promised euro130 billion bailout and a euro100 billion debt relief from private investors, a European official said Thursday.

Fed will protect U.S. from Europe fallout: Bernanke (Reuters)

Posted: 02 Feb 2012 07:03 AM PST

Reuters - Europe's financial crisis still threatens the U.S. recovery, and the Federal Reserve will do everything it can to prevent it from damaging the economy, Federal Reserve Chairman Ben Bernanke said on Thursday.

Rate on 30-year mortgage falls to record 3.87 pct. (AP)

Posted: 02 Feb 2012 07:02 AM PST

AP - The average rate on the 30-year fixed mortgage fell this week to a record low, the ninth time that has happened in the last year. Even with the cheapest rates in history, the housing market remains depressed.

Starwood 4Q profit falls, but tops Street's view (AP)

Posted: 02 Feb 2012 07:01 AM PST

AP - Starwood Hotels & Resorts Worldwide Inc.'s fourth-quarter profit dropped 51 percent on impairment charges and other items, but its adjusted results beat analysts' expectations.

U.K. Police Probe '09 Email Hacking

Posted: 02 Feb 2012 07:00 AM PST

U.K. police are investigating, at a politician's request, a 2009 email-hacking incident at News Corp.'s Times of London.

Venezuela's oil exports to US decline (AP)

Posted: 02 Feb 2012 07:00 AM PST

AP - Venezuela's oil exports to the United States have dipped in recent months to their lowest level in nearly nine years, according to new U.S. government figures, reflecting a long-term trend of declining oil shipments during President Hugo Chavez's 13-year-old government.

US jobless claims trend lower

Posted: 02 Feb 2012 06:59 AM PST

US jobless claims extend their downward trend, falling by 12,000 to 367,000, in a further signal of a strengthening labour market recovery

Facebook Sets Historic IPO

Posted: 02 Feb 2012 06:56 AM PST

Facebook filed for an initial public offering Wednesday that could value the social network between $75 billion and $100 billion, putting the company on track for one of the biggest U.S. stock-market debuts of all time.

Sony Swings to Loss, Slashes Forecast

Posted: 02 Feb 2012 06:52 AM PST

Sony said it veered into a fiscal third-quarter net loss of more than $2 billion and forecast a much wider full-year loss than previously expected, dragged down by losses in its TV business and the impact of the strong yen on its European operations.

Oh baby! Small biz scores huge Angry Birds deal

Posted: 02 Feb 2012 06:50 AM PST

A small Seattle-based company hit it big after snagging the first-ever license to make Angry Birds baby products.

6 Biggest Facebook IPO Surprises

Posted: 02 Feb 2012 06:50 AM PST

MENLO PARK, Calif. (TheStreet) -- Facebook's S-1 threw up some surprises when it was filed after market close on Wednesday, as the social networking giant gears up for its much-hyped$5 billion IPO.

From Mark Zuckerberg's security detail to a robust mobile payments forecast and a heavier-than-expected reliance on Zynga, prospective investors were given some revealing insights into Facebook's world.

1. Slowing Growth ...

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Wall Street opens up after jobless claims data (Reuters)

Posted: 02 Feb 2012 06:47 AM PST

Reuters - U.S. stocks opened higher on Thursday after jobless claims fell more than expected, boosting optimism about the upcoming government payrolls report.

Cigna's Net Drops 37%

Posted: 02 Feb 2012 06:46 AM PST

Cigna earnings fell 37% amid acquisition-related charges and accounting changes, and the health insurer forecast lighter-than-expected earnings and rising use of medical services in the new year.

Ally Financial Swings to Loss

Posted: 02 Feb 2012 06:45 AM PST

Ally Financial, the U.S. government-owned auto lender, swung to a $250 million net loss in the fourth quarter after taking a charge for regulatory penalties stemming from foreclosure matters.

The risks that killed MF Global

Posted: 02 Feb 2012 06:44 AM PST

It's been three months since MF Global became the eighth-largest bankruptcy in U.S. history. Did anyone see this coming? Well, a few people had some idea, and a congressional subcommittee will hear from them on Capitol Hill Thursday.

Mixed retail sales, lower jobless claims boost stocks

Posted: 02 Feb 2012 06:44 AM PST

Investors applaud falling jobless claims, mixed retail sales, and optimism about upcoming employment report.

Stocks Waver on Employment Data

Posted: 02 Feb 2012 06:44 AM PST

NEW YORK (TheStreet) -- Stocks were mixed Thursday as investors digested the morning's mixed jobs data and corporate earnings.

The Dow Jones Industrial Average was up 20 points, or 0.2%, at 12,737. The S&P 500 was up 2 points, or 0.1%, at 1326. The Nasdaq was up 5 points, or 0.2%, at 2853.

Ahead of Friday's monthly unemployment report, outplacement firm Challenger Gray & Christmas reported that U.S. companies planned to cut 53,486 jobs in January, a 28% increase over the 41,785 jobs cuts announced in December. ...

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Insiders Trading SPB, FRAN, END, TXN

Posted: 02 Feb 2012 06:44 AM PST

By Jonathan Moreland, founder of Insider Insights and author of Profit From Legal Insider Trading.

NEW YORK (TheStreet) -- Which insiders are selling and buying chunks of stocks?

Below are lists of the top 10 open-market insider purchases and sales filed at the Securities and Exchange Commission Wednesday, February 01, 2012 as ranked by dollar value. Company executives and directors are in the best position to assess the attractiveness of their firms' shares, and here is how many of them are voting their wallets! Please note, however, that these are factual lists, not buy and sell recommendations. Dollar value is only one metric to assess the importance of an insider transaction....

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Video: Will Facebook Keep Its Pace After IPO?

Posted: 02 Feb 2012 06:43 AM PST

Blackstone Group Loss Widens

Posted: 02 Feb 2012 06:42 AM PST

Blackstone posted a wider quarterly loss and revenue slumped, yet the private-equity giant turned in an economic profit matching expectations as it reported higher fee-earning assets under management.

Stocks edge higher at the open

Posted: 02 Feb 2012 06:41 AM PST

U.S. stocks inched higher early Thursday as traders await comments from Federal Reserve chair Ben Bernanke, and keep a wary eye on Greece's debt talks.

MasterCard Profit Slumps on Charge

Posted: 02 Feb 2012 06:40 AM PST

The credit-card company took a $495 million charge tied to pending litigation with U.S. merchants, although increased card spending helped its core earnings top expectations.

Glencore and Xstrata close to $80bn deal

Posted: 02 Feb 2012 06:39 AM PST

World's largest commodities trader is in advanced talks with the mining group over a deal to reshape the industry

Facebook surrenders its privacy in IPO documents

Posted: 02 Feb 2012 06:39 AM PST

Facebook bares its business soul in IPO filings, both its strengths and its weaknesses.

US Slavery Museum seeks more time on tax returns (AP)

Posted: 02 Feb 2012 06:38 AM PST

AP - An attorney for the U.S. National Slavery Museum in Virginia is seeking more time to produce delinquent tax returns in a bid to reorganize the museum's debt and resume fundraising.

New York Times Profit Falls

Posted: 02 Feb 2012 06:37 AM PST

New York Times Co. said quarterly profit dropped 12% continuing weakness in print advertising at the flagship newspaper and poor results at About.com overshadowed growth in digital ads and digital subscriptions.

Stocks higher as growth fears ease

Posted: 02 Feb 2012 06:35 AM PST

Risk asset benchmarks consolidate near recent highs as the optimism released by improving manufacturing data reverberates across global markets

Abercrombie & Fitch shares tumble on weak outlook (AP)

Posted: 02 Feb 2012 06:35 AM PST

AP - Shares of Abercrombie & Fitch tumbled 11 percent to a 52-week low in early trading Thursday after the retailer said that its fourth-quarter adjusted earnings and revenue will likely disappoint Wall Street.

Retailers Post Solid Sales

Posted: 02 Feb 2012 06:31 AM PST

U.S. retailers delivered generally upbeat January sales as appetites for marked-down merchandise and greater spending confidence are on the rise. Costco and Target reported strong gains, while Macy's missed expectations.

State of the Art: A Truly Wireless Mobile Scanner From Xerox - State of the Art

Posted: 02 Feb 2012 06:30 AM PST

The Xerox Mobile Scanner can scan and transmit photos and PDF documents wirelessly. But there's a small obstacle to overcome first.

East Europe Freeze Death Toll Exceeds 100 as Towns Blocked

Posted: 02 Feb 2012 06:29 AM PST

A cold snap sweeping through eastern Europe has killed more than 100 people, stranded tens of thousands in their homes and in transit and hampered road, rail and sea traffic.

Employment Gains as U.S. Health Care Eclipses Manufacturing

Posted: 02 Feb 2012 06:27 AM PST

The aging of America may be good for the U.S. labor market.

Global Strategists Abandon Bearish Views After Missing Rally

Posted: 02 Feb 2012 06:27 AM PST

Strategists at the biggest banks are capitulating on their bearish forecasts after the best start to a year for global stocks since 1994 and gains of more than 7 percent in emerging-market currencies.

Goldman Loses Facebook IPO Lead Role After ‘Strained’ 2011 Sale

Posted: 02 Feb 2012 06:27 AM PST

Goldman Sachs Group Inc., whose equity capital markets revenue dropped to No. 4 among U.S. rivals in 2011, failed to win the lead role in Facebook Inc.’s initial public offering after scuttling a private sale of the Internet company’s stock to U.S. investors a year ago.

Colombia Drug Lords’ Cattle Theft Rob Rally Benefit: Commodities

Posted: 02 Feb 2012 06:27 AM PST

Latin America’s oldest guerrilla group’s penchant for cattle rustling is robbing Colombian ranchers of the benefits of the highest U.S.-traded futures prices since the 1960s.

Claims for first-time unemployment benefits fall

Posted: 02 Feb 2012 06:27 AM PST

First-time claims for unemployment benefits fell last week, a sign of more gradual improvement in the job market.

Analysts' Actions: CMG, QCOM, DELL, BRCM

Posted: 02 Feb 2012 06:24 AM PST

NEW YORK (TheStreet) -- CHANGE IN RATINGS

AK Steel downgraded at BofA/Merrill from Neutral to Underperform, Bank of America/Merrill Lynch said. $9 price target. Company will likely have to raise funds soon to support rising pension and integration costs.

Autoliv downgraded at Societe Generale from Buy to Hold, Societe Generale said. Valuation call, based on a $65 price target. ...

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AstraZeneca to cut 7,300 jobs as outlook darkens

Posted: 02 Feb 2012 06:23 AM PST

The company warned of a tough year ahead, due to government healthcare spending cuts and stiff competition.

Deutsche Bank Profit Tumbles as Debt Crisis Curbs Trading

Posted: 02 Feb 2012 06:22 AM PST

Deutsche Bank AG, Germany’s largest bank, said fourth-quarter profit fell 76 percent, more than analysts estimated, as Europe’s debt crisis curbed trading and the company wrote down holdings.

Obama Vows to Cut Red Tape Stymieing Homeowners Loans: Mortgages

Posted: 02 Feb 2012 06:22 AM PST

Anthony Andrade was forced to rent the San Antonio, Texas home he planned to buy after Bank of America Corp. approved a mortgage and then scuttled three closings over two months with last-minute document requests.

Stock picks from Fed officials

Posted: 02 Feb 2012 06:21 AM PST

One Fed official owns thousands of acres of farmland and at least $1 million in gold. Many own individual blue chip stocks, while another appears to hold no major assets other than his home and an employee benefit plan.

Economix Blog: Where the Jobs Are, by 2020

Posted: 02 Feb 2012 06:17 AM PST

A new report from the Bureau of Labor Statistics estimates that the country will add 5.6 million health care and social assistance jobs in the current decade.

Quarterly Profit Falls 12.2% at Times Co.

Posted: 02 Feb 2012 06:16 AM PST

Fourth-quarter profit declined as rising subscription and digital advertising revenue at the company's largest newspapers could not offset the continued drop-off in print advertising.

Networks Resort to Trickery in an Attempt to Lift Ratings

Posted: 02 Feb 2012 06:15 AM PST

Strategies include front-loading national commercials early in a show and extending hit shows a minute or two into the following hour.

For Founders to Decorators, Facebook Riches

Posted: 02 Feb 2012 06:12 AM PST

Facebook's public offering will make a lot of billionaires and millionaires, some of them prominent people and others not.

Business News Feeds

2012-02-01T07:07:00.001-08:00

Business News Feeds

Hot start: Dow and S&P have best January since '97
Consumer confidence falls in January
Feds pressure American Airlines to save pensions
Obama wants small-business bill this year
4 UK men admit London Stock Exchange bomb plot
Super Bowl advertisers go after "second screens"
AMR lost $904 million in December
Treasury exploring new types of debt securities
Malaysia grants license to Aussie rare earth plant
UN nuke official: New trip to Iran planned
Fiat 2011 earnings double as Chrysler sales rise
Chrysler US sales rise 44 pct in January
Bevilacqua, ex-head of Philly archdiocese, dead
UK panel rejects BAA's Stansted appeal
Ship traffic for Feb. 01
RadioShack's 30% stock plummet a 30-year record
Apple's new VP brings retail store expertise
Pfizer earnings beat analysts' estimates
Neil Young, Steve Jobs worked on a hi-fi project
Amazon.com earnings: Sales up, income down
Hires and promotions, Feb. 1
Wells Fargo moving into investment banking arena
Lucky Strike to bring posh bowling to Mission Bay
Facebook IPO filing expected to come with a twist
Marina home offers contemporary design, views
IPad helps Apple succeed in business world
Ford and Chrysler Post Sales Gains
GM's US sales fall 6 percent in January (AP)
Obama Seeks 'On-Ramp' for More Startups to Go Public
Why Food Startups Are Getting Hot
One-Percenters Want to Buy the Corner Bakery
REITs to avoid
PlayStation Veteran Lands Sony Top Spot
Gold Prices Build on January's 11% Rally
World factory output curbed by troubled Europe (Reuters)
Don't rush into REITs
Manufacturers see positive start to year
Markets buoyant as focus turns to U.S.
Chrysler, Ford report higher January U.S. auto sales (Reuters)
Romney Wins Big in Florida Primary
A 'Black Day' for Europe and a Win for NYSE
Nasdaq OMX Profit Slumps 40%
Stocks Surge Ahead of U.S. Data
EU Blocks Merger of Exchanges
Private sector adds 170,000 jobs in January: ADP (Reuters)
ADP: Private sector adds 170,000 jobs in January
Wall Street opens higher on overseas optimism (Reuters)
Higher sales lift Chrysler to $183M profit in 2011
Stocks get early boost from manufacturing data
GM debuts green label for all Chevrolets
Insiders Trading VPRT, CCI, ANEN, GEL
Northrop profit rises 80%
4 UK men admit London Stock Exchange bomb plot (AP)
Sony Selects Its Video Games Chief as New Leader
Roche Upbeat as Profit Rises
Chrysler: From bankruptcy to profit in 2 years
Greece, IMF expect debt deals soon (AP)
Super-Pacs outspend presidential candidates
Why Amazon Fell Short: The Real Story
EU blocks merger of N.Y. Stock Exchange with Deutsche Boerse
Target VNM as Vietnam Inflation Eases
Marathon Weighs Pipeline Option
Chrysler profits continue to support Fiat
Health insurer Aetna's 4Q profit jumps 73 percent (AP)
Small biz loan demand up, Federal Reserve says
Sony's Hirai to replace Stringer as CEO in April
Plosser slams Fed's 2014 low-rate forecast (Reuters)
Chrysler Posts Full-Year Profit
Julian Assange Appeals Extradition at Britain’s Supreme Court
DealBook: NYSE and Deutsche Borse Plan to Call Off Merger
U.S. regulator kicks off foreclosure sales plan (Reuters)
Lloyds Revamps Top Brass
Markets Buoyant Ahead of Run of U.S. Data
Cars to star in many Super Bowl ads
Stock Futures Rise Ahead of Manufacturing Data
US companies jobs growth slower than expected
Private Job Creation Slowed in January
Will Amazon's Bad Earnings Affect FDN?
How to Spot a Fake Product Review

Hot start: Dow and S&P have best January since '97