Bogobogo » CNN Money Topstories

Facebook’s IPO: $38 per share

admin — Thu, 17 May 2012 20:50:31 +0000

After four months of paperwork, hype and speculation, the last piece of the Facebook IPO is in place: Facebook said it has priced its IPO at $38 a share.

Stocks end at 4-month lows

admin — Thu, 17 May 2012 20:50:24 +0000

Investors fled stocks and flocked toward the safety of U.S. Treasuries Thursday as worries about Greece’s future in the eurozone continued to escalate.

JPMorgan’s Dimon called to testify in Senate

admin — Thu, 17 May 2012 20:50:17 +0000

A Senate panel has called Jamie Dimon, the head of JPMorgan Chase, to testify about some $2 billion lost in complex trades intended to hedge against economic risk.

U.S. slams Chinese solar panels with new tariffs

admin — Thu, 17 May 2012 20:50:10 +0000

The U.S. Commerce Department announced stiff tariffs on Chinese-made solar panels Thursday, a move critics said could raise costs for consumers and further inflame trade tensions with Beijing.

Obama may tap Strategic Petroleum Reserve

admin — Thu, 17 May 2012 20:50:03 +0000

Despite the recent fall in oil prices, analysts say President Obama may tap the Strategic Petroleum Reserve as sanctions on Iran take hold.

Senators to Saverin: Don’t come back. Ever.

admin — Thu, 17 May 2012 20:49:56 +0000

Sens. Chuck Schumer and Bob Casey, held a press conference Thursday morning on Capitol Hill where they outlined legislation that would prevent the Facebook co-founder from ever returning to the United States.

Comcast moves to usage-based billing

admin — Thu, 17 May 2012 20:49:49 +0000

Comcast on Thursday decided to get rid of its controversial 250 gigabyte-per-month cap for its broadband customers, replacing it with a usage-based billing system.

Pinterest raises $100 million to bolster growth

admin — Thu, 17 May 2012 20:49:42 +0000

Hot social network Pinterest just landed a sizable cash infusion: The company raised $100 million in a financing round by e-commerce giant Rakuten. Existing investors Andreessen Horowitz, Bessemer Venture Partners and FirstMark Capital also participated in the round.

Verizon ends standalone DSL service

admin — Thu, 17 May 2012 20:49:35 +0000

Verizon just can’t seem to stay out of hot water.

Warren Buffett buys into ‘declining’ newspapers

admin — Thu, 17 May 2012 20:49:28 +0000

Warren Buffett’s company Berkshire Hathaway announced a deal on Thursday to purchase 63 newspapers from Media General — an industry that Buffett recently referred to as “declining.”