Business

Facebook stock debut fails to sizzle
Amid a high volume of hype and trading, Facebook has posted a bland 23 cent gain in its first day on Wall Street.
GM decides Super Bowl ads are too expensive
General Motors marketing chief Joel Ewanick says the company won't run ads during the Super Bowl in 2013.
Oil prices drop
Oil prices fell to near $92 a barrel in Asia, extending a sharp two-week sell-off as the latest twists in Europe's debt crisis added to a gloomy economic outlook.
Yahoo's new boss dumps recently created division
Interim CEO Ross Levinsohn is dismantling a consumer commerce-division created by recently dispatched CEO Scott Thompson.
Frontier announces more flights
The Denver-based carrier is planning more flights from Colorado Springs to western cities.
Dimon willing to appear before Senate panel
JPMorgan Chase CEO Jamie Dimon is willing to testify at a congressional hearing this spring on the bank's $2 billion trading loss.
30-year mortgage rate falls
Average U.S. rates for 30-year and 15-year fixed mortgages fell to record lows for the third straight week.
US unemployment aid applications stay at 370,000
The number of people seeking unemployment benefits was unchanged last week, suggesting steady gains in the job market.
Honda recalls Acura TL sedans in US
Honda says it's recalling nearly 53,000 Acura TL sedans in the U.S. to fix a problem with power steering hoses.
Wal-Mart's 1Q profit up 10.1 percent
Wal-Mart Stores Inc. reported a 10.1 percent increase in first-quarter profit that beat Wall Street estimates as its re-emphasis on low prices drove bargain-hungry U.S. shoppers into its stores.
Berkshire to buy Media General papers
Billionaire Warren Buffett's company is making its largest foray into newspapers yet, agreeing to buy 63 papers from Media General Inc.
Delta says frequent fliers saw different fares
Delta Air Lines says it may have charged some frequent fliers higher fares than other customers for almost three weeks because of a computer glitch.
Dollar continues to rally on fears about Greece
Worries that Greece will drop out of the euro currency union are pushing the dollar higher against most other currencies.
Shareholders sue JPMorgan over $2B trading loss
Shareholders of JPMorgan Chase & Co. have filed two lawsuits against the nation's biggest bank, accusing it and its leaders of taking excessive risk and causing a monumental $2 billion trading loss.
US housing starts rose in April
U.S. builders began work on more homes last month, evidence that the battered housing market is slowly healing.
Facebook boosts size of IPO
Facebook's owners now plan to sell 25 percent more shares in the company as investors clamor for shares in the year's hottest stock offering.
Deere fiscal 2Q profit rises
Deere is posting a 17 percent spike in profits for the second quarter is raising its outlook for the year, with farm receipts expected to hit historic heights.
Target's 1Q profits up 1.2 percent
Target Corp. is reporting a 1.2 percent increase in first-quarter profit as the discount chain pulled in more shoppers with its food and trendy fashions.
Report: Nokia loses cellphone top spot
Nokia has been bumped off its 14-year top spot as the world's largest cellphone company by Samsung, according to a British research firm.
Buffett's firm buys GM stake, boosts IBM position
Warren Buffett's company has revealed a number of changes in its U.S. stock portfolio, including boosting its holdings in Wal-Mart and IBM and adding a new stake of 10 million General Motors shares.

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