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Facebook is expected to submit paperwork to regulators on Wednesday morning for a $5 billion initial public offering and has selected Morgan Stanley and four other bookrunners to handle the mega-IPO, sources close to the deal told IFR.

Facebook Inc. will list a preliminary fund-raising goal of $5 billion on Wednesday, which is smaller than some earlier estimates of the offering. The public stock offering will probably value the company at $80 billion to $100 billion. But how did simple status updates and random photos of users help create what will likely be the biggest tech IPO in till date? Let's try to find out here...

Facebook is expected to submit paperwork to regulators on Wednesday morning for a $5 billion initial public offering and has selected Morgan Stanley and four other bookrunners to handle the mega-IPO, sources close to the deal told IFR.

ExxonMobil vice president of investor relations David Rosenthal said his company's lower than expected earning figures are largely due to lingering global economic weakness in Europe which hurt the U.S. economic recovery and prompted declines in industry and chemical refining.

The Columbus, Ind.-based company is expected to earn $424 million, or $2.24 per share, up from 362 million or $1.84 per share in the year earlier period, estimates carried by Thomson Reuters said. Analysts expect revenue of $4.7 billion, up from $4.1 billion in the year earlier period.

ExxonMobil Corp., the world's largest integrated oil and natural gas company, Tuesday reported fourth-quarter earnings up six percent, less than analysts expected, as higher crude oil profits offset weaker refining margins.

JPMorgan on Tuesday said its global co-head of emerging markets and head of fixed income for Asia would be leaving the company.

Weakness in banks and commodity stocks dragged Britain's leading share index lower on Monday as the protracted search for a Greek bond deal and concerns about economic growth kept investors nervous.

Stocks tumbled in early trading on Monday as concerns grew about the state of Europe's finances as Greece and Germany sparred over budget measures for Athens.

Stock index futures pointed to a weak open on Monday as concerns grew about the state of Europe's finances as Greece and Germany sparred over budget measures for Athens.

Stock index futures fell on Monday as concerns grew about the state of Europe's finances as Greece and Germany sparred over budget measures for Athens.

Shareholders of InterDigital, owner of wireless patents, got a rude awakening when it canceled its company auction only days after Eastman Kodak filed for bankruptcy after failing to sell 1,100 patents. Is the patent gold rush over?

The majority of real estate investment trusts (REITs) are expected to post positive earnings for the fourth quarter and fiscal year 2011 as rent growth continues, according to analysts.

Investors in Apple Inc. have a one-word answer for those who wonder whether this corporate juggernaut can maintain its phenomenal momentum in the years ahead: Asia.

Treasury debt prices rose on Thursday, and five-year note yields dipped to the lowest level since at least the 1960s, a day after the Federal Reserve said it will likely hold interest rates near zero at least through late 2014.

The broad asset rally which the U.S. Federal Reserve inspired by pledging to keep rates low decelerated on Friday as investors awaited the outcome of Greek debt talks and U.S. gross domestic product data. Asian stocks paused.

Investors in Apple Inc. have a one-word answer for those who wonder whether this corporate juggernaut can maintain its phenomenal momentum in the years ahead: Asia.

Ford Motor Co is poised to report its biggest annual profit in 13 years on Friday after an accounting change that signals the No. 2 U.S. automaker's belief it can remain profitable.

A broad asset rally inspired by the U.S. Federal Reserve's pledge to keep rates low paused Friday, as investors sought to gauge how sustainable the burst of optimism will be while waiting for the outcome of crucial Greek debt talks.

The next generation Apple tablet, dubbed iPad 3, is expected to surface in late February/early March, bringing to a closure the growing rumors about its features and release date. Ever since iPad 2 was unveiled in February last year, Apple fans have been closely watching every move of the tech giant with the hope that they get some hint about the release date and specs of iPad 2's successor.

Three years after the demise of Lehman Brothers exposed problems in how brokers handle client funds, trading firms are still using lax rules to withhold cash owed to clients of failed brokerages, fuelling calls for reforms.

Apple Inc. has a high-quality balance sheet with net cash of $97.6 billion or $103.6 per share at the end of fiscal first quarter. Investors look puzzled regarding what Apple intends to do with its cash hoard.

World stocks and the euro suffered on Wednesday as uncertainty about Greece's debt talks overshadowed strong economic data from Germany, blow-out earnings from Apple, and expectations that the Federal Reserve will push back the timing of an eventual rate hike.

HSBC Holdings PLC is under investigation by a U.S. Senate panel in a money-laundering inquiry, the latest step in a long-running U.S. effort to halt shadowy money flows through global banks, according to people familiar with the situation and a company securities filing.

ConocoPhillips, the third largest energy company in the U.S., is expected to post higher fourth-quarter earnings as soaring crude oil prices offset big losses anticipated in the company's refining operations.

United Technologies Corp., manufacturer of jet engines, elevators, and products for the aerospace and building sectors, is expected to report another sizeable profit growth for the fourth straight quarter. But the company and analysts expect a step back in 2012.

Shares of wireless developer InterDigital plunged more than 20 percent Tuesday after the company announced an end to a six-month auction. Has the gold rush in IP ended?

The estate of Lehman Brothers paid $1.33 billion to become majority owner of Archstone, a multifamily landlord of more than 70,000 U.S. apartments, successfully blocking a rival bidder.

The launch of the iBooks 2 app further substantiates expectations that Apple may put a quad-core chipset in the iPad 3, which is expected to be launched in the first quarter of 2012.