COMPANIES

Facebook (Nasdaq: FB), the No. 1 social network, said it?s acquiring the staff and technology of startup Lightbox.com, developer of a photo app for mobile surfaces.

The consumers in the United States, anticipating the release of the HTC One X and Evo 4G LTE smartphones, will have to spend some more time waiting for the devices as they have reportedly been delayed at the U.S. customs due to an import ban order by the International Trade Commission (ITC) over potentially infringing an Apple patent.

J.C. Penney Company Inc. (NYSE: JCP) reported net losses of $163 million for the three months preceding April 28, 2012, and said that it would discontinue its 20 cent per share quarterly dividend to help fund its ongoing restructuring, the company announced Tuesday.

Apple (Nasdaq: AAPL), the world's most valuable technology company, sold more than 35 million iPhones in its most recent quarter, through its retail network and mobile carriers.

The U.S. Justice Department has launched an investigation of a huge trading loss incurred by JPMorgan Chase & Co. (NYSE: JPM), the Wall Street Journal said on Tuesday.

Facebook, the world's biggest social network with 900 million-plus users, is finally ready to make its Wall Street debut on Friday, May 18, 2012. Facebook is clearly dominant in its industry, but buying stock so quickly might be unwise. Here are five reasons why you shouldn't go buy Facebook stock right away.

Former CEO of Yahoo Scott Thompson will be paid $7 million in bonuses for five months of work. He will not receive a severance package. Thompson is succeeded by Yahoo CEO Ross Levinsohn.

Samsung has finally released the list of T-Mobile devices that will be receiving the Android 4.0 Ice Cream Sandwich update.

An ad touting the benefits of its multiple herbicide-resistant Enlist corn tells viewers it won't exacerbate the growing epidemic of superweeds.

The annual shareholder's meeting Tuesday of JPMorgan Chase & Co. (NYSE: JPM), widely expected to feature fiery denunciations of leaders at the nation's biggest bank, could hardly have been quieter or more management-friendly.

Coty Inc. withdrew its $10.7 billion offer to buy Avon Products Inc. (NYSE: AVP) following months of failed communication by Avon, the company announced on Monday.

A new study revealed that most Facebook users do not trust the company to keep their information private. It also revealed that a large majority of respondents rarely interact with ads or other sponsored links on the site.

Coty Inc said Monday evening it is withdrawing its $10.7 billion takeover bid for Avon Products Inc, saying the world's largest cosmetics direct seller had missed its deadline to start talks.

A federal judge in New York on Monday refused to delay the approval process for a controversial $20 million settlement between Bank of America Corp directors and shareholders who accused the bank of overpaying for Merrill Lynch & Co.

As the leader of JPMorgan Chase & Co's hedging unit quit after trading losses that could end up exceeding $3 billion, the board seemed to be rallying behind CEO Jamie Dimon before the huge bank's annual shareholder meeting Tuesday.

Facebook will close the books on its $10.6 billion initial public offering on Tuesday, two days ahead of schedule and a signal that Silicon Valley's largest IPO is drumming up strong demand.

A group of Chevron Corp., shareholders has asked that the Securities and Exchange Commission investigate claims the oil major is not fully disclosing the effect that a multi-billion dollar environmental case in Ecuador would have on the company and its numerous stakeholders.

GameStop, in an effort to push digital sales, will be $20 and $50 vouchers to be used on Steam, the video game distribution platform for Mac and PC games, at all of its U.S. retail locations.

Groupon Inc posted its first quarterly profit as the world's largest daily deal company reined in marketing spending while signing up more customers and merchants, sending its stock 11 percent higher.

Little by little, we are slowly putting the pieces of the iPhone 5 puzzle together. On Saturday, Hong Kong-based components supplier SW-Box claimed to have come into possession of a group of new components, including a headphone jack, ear speaker, and a Wi-Fi cable part, which are all allegedly being built for Apple's sixth-generation iPhone. What else does Apple have in store for the iPhone 5?

Facebook founder and CEO Mark Zuckerberg turned 28 on Monday, and his true birthday present will arrive on Friday when the social networking site sells stock and begins trading on Nasdaq. But he's not the only young gun out there.

LightSquared Inc., hedge-fund manager Philip Falcone?s national wireless venture, collapsed Monday and filed for protection in U.S. Bankruptcy Court in New York.

Shares of BMC Software, which specializes in enterprise products, soared nearly 10 percent after Elliott Associates, the venerable New York hedge fund, said it has acquired a stake above 5 percent.

Former Yahoo (Nasdaq: YHOO) CEO Scott Thompson quit in part because of a recent diagnosis of thyroid cancer, the Wall Street Journal reported.

Who doesn't love puppies? Nobody, that's who! That's why Cleaversoft LLC built PuppyWars, a free iPhone and iPad game where dog lovers can answer the age-old question: Who has the cuter puppy?

Best Buy founder Richard Schulze is the newest casualty of a sex scandal at Best Buy that led to his resignation today after an internal investigation revealed that he knew about a close personal relationship former CEO Brian Dunn had with a 29-year-old female employee, which is a violation of company policy.

A new report revealed that Kodak housed a nuclear reactor the size of a refrigerator containing weapons-grade uranium for over 30 years in a facility in Rochester, New York.

Congratulations, the good guys finally won. You and your team, with help from other institutions, have ousted CEO Scott Thompson, elected three Third Point nominees to the board, removed another handful of management nominees and effectively control the company. Now what?

Yahoo CEO Scott Thompson has resigned from his position at the Sunnyvale, Calif., based company after investor's revealed a misrepresentation in his resume, but he isn't the only one. Check out some other CEO's who got caught with fixed resumes.