 | 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.
|