As Facebook hurtles toward one of the largest initial public offerings in U.S. history, its honeymoon with investors may already be over.
Facebook filed for an initial public offering with the U.S. Securities and Exchange Commission Wednesday, for the first time doing a public financial strip tease.
After a series of rumors about the launch of the iPhone 5, Apple is finally set to release the much-hyped fifth generation smartphone at Apple Worldwide Developers Conference (WWDC), to be held in June at the Moscone Center, CA, indicated the Chinese-language Commercial Times, quoting Daiwa Securities.
There are now more than 26,000 prisoners above age 65. There are more than 124,000 prisoners age 55 or older.
Now that the Facebook filing is available, it's pretty clear that before he turns 28, CEO Mark Zuckerberg will be a billionaire. Maybe, if the IPO is as successful as hoped, he'll be worth about $28 billion.
The top aftermarket NYSE losers Wednesday were: Sandridge Energy, Materion Corp, Endeavor International, McDermott International, OMNOVA Solutions, MEMC Electronic Materials, General Cable Corp, W.R. Berkley Corp, Ciber and Fair Isaac Corp.
One Californian couple were shocked to discover the taxman does have a human side after all. Accepting the pair's excuse that the adult brain turns to jello those first few months raising a baby, the IRS wrote a letter to inform the couple they were annulling a $2,522 fine.
Viktoria Chapman, the ex-wife of Soul Train creator Don Cornelius, will reportedly collecting $300,000 in benefits now that her ex-husband is dead. Cornelius, 75, was found with single gunshot wound to the head on Wednesday morning, at his Sherman Oaks, Calif., home. He was taken to Cedars-Sinai Medical Center, where he was pronounced dead.
Wall Street's own watchdog filed a complaint against Charles Schwab Corp on Wednesday accusing the online brokerage of requiring customers to waive their rights to pursue class actions against the firm, a violation of industry rules.
Oscar ballots were mailed to 5,783 Academy Members on Wednesday morning, in an odd but endearing ritual that may never again take place at the Academy.
One of two reactors at the San Onofre nuclear power station in Southern California was shut down on Tuesday after a small leak was detected in a steam generator tube, but the incident posed no risk to the public or plant workers, the facility operator said.
Federal authorities successfully kept a U.S. businessman in jail Wednesday ahead of his trial for trade secret theft, and argued that it was Chinese government representatives who directed him to obtain valuable technology manufactured by chemical giant DuPont.
Qualcomm Inc's quarterly profit easily beat Wall Street forecasts and the wireless chip leader raised its full-year financial targets due to growing demand for smartphones such as Apple Inc's popular iPhone.
A proposed settlement to resolve mortgage abuses by top U.S. banks will give states broad authority to punish firms that mistreat borrowers in the future, according to documents seen by Reuters on Wednesday.
A former Los Angeles area teacher accused of taking bondage-style photos of students, some with cockroaches on their faces, was ordered held on $23 million bail on Wednesday as authorities said more possible victims had come forward.
Claremont McKenna College, a prestigious liberal arts school in California, has admitted inflating the SAT exam scores of students in order to boost its standing in national school rankings.
Don Cornelius, the creator of Soul Train, was found dead in his Sherman Oaks, Calif., home Wednesday morning. In the past few years the music-industry legend has faced a tumultuous time with his health and his personal relationships, including that with his second wife Viktoria Chapman-Cornelius.
Mike Kelley, a Los Angeles-based artist, was found dead at his home in South Pasadena on Wednesday, from an apparent suicide, according to reports. He was 57.
Rivers visited a medical marijuana dispenser for help with her anxiety
It is hailed as the most important stock market event of the decade. Rumors of Facebook's highly anticipated IPO filing on Wednesday excited stock watchers around the world as the California-based company moves to raise as much as $10 billion - valuing the company at a staggering $100 billion.
The Fighting Irish put together one of the nations top recruiting classes as they attempt to become a national title contender again.
2012 will be known as the year of the Giants vs. the Patriots. But in the ever-popular Super Bowl ads, 2012 will also be known as the year of ads leaked ahead of the game.
