CALIFORNIA

It's Friday, May 18 and the world's largest social network, Facebook Inc., enters the market raising a whooping $16 billion in one of the biggest initial public offerings in the US history. What makes it even more eye-popping is the amount the company is now valued at - $104.2 billion.

Facebook may only have itself to blame for why General Motors rained on its IPO parade this week.

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Kim Kardashian will no longer be endorsing Skechers' Shape-ups fitness shoes. A lawsuit against the company has resulted in a $40 million settlement along with the company no longer being able to make health-related claims about their Shape-Ups, Tone-Ups, and the Skechers Resistance Runner athletic shoes.

A man who had been missing for about week is in the hospital after police discovered him in a wooded area on Highway 101 where his wrecked pick-up truck was discovered several days earlier.

Shares of Hewlett-Packard Co. (NYSE: HPQ), the No. 1 computer maker, were largely unaffected by a report it would fire as many as 25,000 employees as part of cost-cutting measures.

A rash of late-night break-ins at offices in the House of Representatives has one member suggesting an inside job.

Social networking site Pinterest has raised $100 million from a group of investors led by Japanese online retailing giant Rakuten Inc in a deal that reportedly values the three-year-old U.S. company at $1.5 billion.

The Navy began assessing the damage of the USS Essex after it collided with a refueling tanker, USNS Yukon, in the Pacific Ocean off the coast of California. Early reports indicate that the Essex experienced technical difficulties with its steering.

Shares of Agilent Technologies (NYSE: A), the No. 1 U.S. instrument maker, surged on Thursday after the company announced it?s biggest acquisition, the $2.2 billion takeover of Denmark?s Dako.

A report on Wednesday reveals that child marriage has become less prevalent in South Asia over the last two decades, but not for brides of all age groups. Adolescents over 15 are still marrying at about the same rate as they did two decades ago.

General Motors Company (NYSE: GM) rocked the automotive and advertising worlds with its announcement Tuesday that it will stop buying advertisements on Facebook Inc. (Nasdaq: FB), a value of roughly $10 million a year, on the eve of social networking site's monster IPO. The rest of the automotive industry's major players are not following suit, though, Ford Motor Company (NYSE: F), banking on the strength of the network effect, is actually upping its investment.

A day before Facebook (Nasdaq: FB), the No. 1 social network holds its initial public offering, its 33 underwriters boosted the number of shares for sale by 25 percent, potentially valuing the deal as high as $19 billion.

California kayaker Joey Nocchi endured a tense moment after going toe-to-toe with a 14-foot-long shark.

The Federal Trade Commission Wednesday announced a $40 million settlement with Skechers over claims made in advertisements for their Shape-up leg toning shoes.

It hasn't been a good year for Lamborghinis. Back in April, a Lamborghini Aventador spontaneously combusted and caught on fire in California. This time, a yellow Lamborghini Gallardo, estimated to be worth $225,000, is the latest viral hit on the Internet after a crash was caught on video in the Chicago area by onlookers.

Facebook (Nasdaq: FB), the No. 1 social network, has decided to pitch its initial public offering of 421 million shares at $38, which could raise as much as $18.1 billion, assuming ?over-allotment options.

The United States foreign aid program that sends billions of dollars to African countries for HIV treatment and prevention has cut the number of people dying for any reason in those nations, a new study suggests.

Boost Mobile and Guerilla Union have announced the full lineup, list of dates and venues that will welcome the Rock the Bells 2012 Festival, featuring the likes of hip-hop artists like Kid Cudi, J Cole, Wiz Khalifa and Atmosphere, who will headline the festival.

Google is getting serious about its self-driving car technology campaign. In an effort to make the driverless car legal on U.S. roads, the Mountain View, Calif. based company was spotted showing off the robo-prius on the streets of Washington, D.C. - just one day after Nevada became the first state to legalize autonomous vehicles.

Emily Maynard is the new ?Bachelorette.?