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| Business and financial news - CNNMoney.com |
| FACEBOOK: FINAL IPO PRICE Thu, 17 May 2012 05:32:32 EDT Facebook's long road to an initial public offering is coming to an end. Late Thursday, it will fill in one last piece of the puzzle: Its final IPO price.Facebook's IPO price is available to the deal's underwriters and their bigwig clients. Regular folks will get to buy at market price the next day. |
| Greece worries weigh on U.S. stocks Wed, 16 May 2012 16:51:39 EDT Following a positive start, U.S. stocks closed in the red for a fourth straight session Wednesday, as investors weighed strong U.S. economic data against ongoing uncertainty about Greece's political situation. |
| Track stock futures and premarket movers Thu, 17 May 2012 04:47:40 EDT |
| Outgoing World Bank chief: Fix eurozone Wed, 16 May 2012 14:52:58 EDT Outgoing World Bank President Robert Zoellick said Wednesday he's concerned about the "ripple effects" on the rest of the eurozone if Greece leaves. |
| The future of global shipping Wed, 16 May 2012 07:53:15 EDT |
| Secrets of Facebook's profit engine Thu, 17 May 2012 05:34:29 EDT |
| Short-seller Einhorn targets Amazon Wed, 16 May 2012 19:45:20 EDT Noted short-seller David Einhorn targeted Amazon and Martin Marietta Materials on Wednesday but was curiously silent on Herbalife. |
| Verizon to end unlimited data for upgraders Thu, 17 May 2012 04:51:51 EDT Verizon Wireless is planning this summer to begin forcing smartphone customers with unlimited data plans to switch to tiered plans when they upgrade, the company's chief financial officer told Wall Street analysts on Wednesday. |
| FBI opens JPMorgan investigation Wed, 16 May 2012 16:43:13 EDT The director of the Federal Bureau of Investigation said Wednesday that the agency has opened an investigation into JPMorgan Chase, the nation's largest bank. |
| Foreclosures fall to lowest level since 2007 Thu, 17 May 2012 05:06:47 EDT Foreclosure filings in April fell for the third straight month to the lowest level since July 2007. |
| Big tax increases and spending cuts loom Wed, 16 May 2012 14:50:19 EDT On Tuesday, House Speaker John Boehner all but promised an ugly fight over the debt ceiling this year unless GOP demands for spending cuts are met. |
| Succeeding as a 'boomerpreneur' Wed, 16 May 2012 16:52:47 EDT |
| Federal Reserve concerned about fiscal cliff Wed, 16 May 2012 17:27:16 EDT The Federal Reserve is worried about indecision in Congress. |
| Stay-at-home mom fights new credit card rule Wed, 16 May 2012 06:45:57 EDT After nearly five years managing her family's finances, Holly McCall, a 34-year old stay-at-home mother of two from Vienna, Va., never thought she would have trouble getting a credit card. |
| Hail to the Rice Business Plan champions Wed, 16 May 2012 12:40:24 EDT |
| Inside Facebook Wed, 16 May 2012 10:07:09 EDT |
| 7 startups Facebook should buy Wed, 16 May 2012 19:50:00 EDT Facebook has snapped up dozens of smaller startups, and it recently dropped a cool $1 billion on Instagram. Here's what Silicon Valley insiders think is on Facebook's radar -- or should be. |
| U.S. smartphones now top 'dumb' phones Wed, 16 May 2012 12:52:49 EDT Smartphones are now more common than "dumb" phones. |
| Should you buy Facebook? Wed, 16 May 2012 14:09:38 EDT Facebook's IPO is causing a frenzy among investors eager to get a piece of the social networking website. |
| You're only worth $1.21 to Facebook Wed, 16 May 2012 10:44:57 EDT How much does Facebook value its users? In strictly monetary terms, about as much as a bag of chips. |
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| Word of the day |
Merriam-Webster's Word of the Day for May 17, 2012 is:
maffick • \MAF-ik\ • verb
: to celebrate with boisterous rejoicing and hilarious behavior
Examples:
Fans mafficked for hours outside the stadium, celebrating the team's dramatic victory in the division championship.
"In half an hour, after the mildest of mafficking, the last visitors of the exhibition's last day had gone out of the gates and the staff began their final acts of closing up shop." — From an article in The Guardian (London), October 1, 2011
Did you know?
"Maffick" is an alteration of Mafeking Night, the British celebration of the lifting of the siege of a British military outpost during the South African War at the town of Mafikeng (also spelled Mafeking) on May 17, 1900. The South African War was fought between the British and the Afrikaners, who were Dutch and Huguenot settlers originally called Boers, over the right to govern frontier territories. Though the war did not end until 1902, the lifting of the siege of Mafikeng was a significant victory for the British because they held out against a larger Afrikaner force for 217 days until reinforcements could arrive. The rejoicing in British cities on news of the rescue produced "maffick," a word that was popular for a while, especially in journalistic writing, but is now relatively uncommon.