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Facebook Readies IPO Filing for Next Week - Wall Street Journal1/27/2012 1:59 PM

Telegraph.co.uk

Facebook Readies IPO Filing for Next Week
Wall Street Journal
By SHAYNDI RAICE And RANDALL SMITH Facebook Inc. could file papers for an initial public offering as early as next week and is currently looking at a deal that would value the social network between $75 billion to $100 billion, said people familiar ...
Facebook Aims For IPO Filing Next Week: ReportForbes
Facebook May File for IPO By Wednesday: ReportCNBC.com
In Facebook IPO, bankers seek prestige over feesReuters
TheStreet.com -MarketWatch -PCWorld
all 360 news articles »
Stocks Off Worst Levels, but Dow Still Drags - CNBC.com1/27/2012 2:26 PM

USA TODAY

Stocks Off Worst Levels, but Dow Still Drags
CNBC.com
Stocks came off their worst levels ahead of the close Friday, but investors still hesitated to stay long ahead of a weekend and following a handful of tepid earnings and economic reports in addition to ongoing jitters in the euro zone.
Dow average slips after US GDP growth comes in below expectations; Ford ...Washington Post
US Stocks In Slump After GDP Report DisappointsWall Street Journal
Stocks Slip After US Economic Growth DisappointsABC News

all 1,180 news articles »
US growth quickens, but speed bumps ahead | - Reuters1/27/2012 12:52 PM

USA TODAY

US growth quickens, but speed bumps ahead |
Reuters
By Lucia Mutikani | WASHINGTON (Reuters) - The US economy grew at its fastest pace in 1-1/2 years in the fourth quarter, but a rebuilding of stocks by businesses and slower business spending warned of weaker growth in early 2012.
Economic recovery is still threatenedMarketWatch
White House Pushes Payroll Tax Cut as GDP Growth Rate SlowsBusinessWeek
Obama Pushes Payroll Tax Cut as GDP Growth Trails ForecastsBloomberg
Washington Post -Mid Columbia Tri City Herald -Economic Populist
all 1,072 news articles »
Brazil Juice Exporters Seek to Raise U.S. Fungicide Limit - Bloomberg1/27/2012 2:05 PM

CBC.ca

Brazil Juice Exporters Seek to Raise U.S. Fungicide Limit
Bloomberg
Orange juice producers from Brazil, the world's largest exporter, are in talks with the US Food and Drug Administration to raise accepted levels of a banned fungicide after shipments from the country were detained. The exporters are asking the FDA to ...
Brazil Juice Exporters Seek to Raise US Fungicide LimitBusinessWeek
Orange juice futures rise on tainted importsChicago Tribune
Orange juice flagged at border tests positive for fungicideUSA TODAY
CNN -Washington Post -AFP
all 254 news articles »
Fitch cuts Italy, Spain, other euro zone ratings - Reuters1/27/2012 1:52 PM

Globe and Mail

Fitch cuts Italy, Spain, other euro zone ratings
Reuters
| NEW YORK (Reuters) - Fitch downgraded the sovereign credit ratings of Belgium, Cyprus, Italy, Slovenia and Spain on Friday, indicating there was a 1-in-2 chance of further cuts in the next two years. In a statement, the ratings agency said the ...
Italy, Spain Are Among Five Euro-Zone Nations Downgraded by Fitch RatingsBloomberg
Fitch downgrades credit ratings of 5 eurozone nations including Italy, Spain ...Washington Post
Fitch Cuts Italian, Spanish Ratings by Two Notches on CrisisBusinessWeek
CNN -AFP -ABC News
all 296 news articles »
Justice Dept. unit to probe mortgage-backed securities - USA TODAY1/27/2012 1:44 PM

USA TODAY

Justice Dept. unit to probe mortgage-backed securities
USA TODAY
By Kevin Johnson, USA TODAY WASHINGTON - The US government dispatched 55 prosecutors, FBI agents and analysts Friday to a new financial crimes enforcement unit focusing on home mortgage abuses that fueled the 2008 economic collapse.
Mortgage probe unveiled as foreclosure talks loomCNNMoney
Justice Department launches unit to probe mortgage-backed securitiesFox News
US launches inquiry into 'subprime' mortgage debacleAFP
BusinessWeek
all 683 news articles »
North America boosts Ford in 4Q - The Associated Press1/27/2012 2:22 PM

Globe and Mail

North America boosts Ford in 4Q
The Associated Press
DEARBORN, Mich. (AP) — For Ford, there's no place like home. Strong sales and profits in the US bolstered the automaker in the fourth quarter but the European debt crisis and flooding in Thailand hurt results elsewhere. Ford Motor Co.
Tax Gain, US Sales Drive Ford ProfitWall Street Journal
Ford's European speed bumpMarketWatch
Ford earns $20.2B in 2011; some call 4Q 'weak'The Detroit News
Washington Post -CNN
all 616 news articles »
Oil ends 0.1% lower; gasoline at best since August - MarketWatch1/27/2012 2:18 PM

RT

Oil ends 0.1% lower; gasoline at best since August
MarketWatch
By Claudia Assis SAN FRANCISCO (MarketWatch) -- Crude-oil futures ended a seesawing session in the red Friday, pressured by sharp gains for gasoline and losing its fight to end above $100 a barrel. Crude for March delivery /quotes/zigman/2203135 CL2H ...
Iran hits back at EU with own oil embargo threatChicago Tribune
Oil price waver on Persian Gulf supply concernsThe Associated Press
Iran edges closer to ban on EU oil exportsFinancial Times

all 1,414 news articles »
Union membership up slightly, outlook in doubt - USA TODAY1/27/2012 12:51 PM

USA TODAY

Union membership up slightly, outlook in doubt
USA TODAY
By Sam Hananel, AP WASHINGTON – Union membership grew slightly last year, giving labor leaders hope that a period of steep declines has finally bottomed out. By Julio Cortez, AP Manuel Lantigua, center, cheers with a crowd of office cleaners from Local ...
Union membership grows slightly, but share of workforce remains at historic lowWashington Post
Government Cuts Kept US Union Rate at Record Low in 2011Bloomberg
Private Sector Unions Add Members As Jobs ReturnTheStreet.com

all 183 news articles »
Eastman to Buy Solutia for $3.38 Billion to Gain Auto Chemicals - BusinessWeek1/27/2012 2:28 PM

Proactive Investors USA & Canada

Eastman to Buy Solutia for $3.38 Billion to Gain Auto Chemicals
BusinessWeek
Jan. 27 (Bloomberg) -- Eastman Chemical Co., the biggest US producer of chemicals from coal, agreed to buy Solutia Inc. for about $3.38 billion to expand in materials for tires and in films used to make windshields and iPads.
Oshkosh And Eastman Chemical See Bullish Options ActionForbes
Solutia and Eastman Chemical Shares Popped: What You Need to KnowDailyFinance
Eastman Chemical to buy Solutia for $3.4 billionSTLtoday.com
Chemical & Engineering News
all 400 news articles »


Business
Facebook Could File IPO Documents Next Week: Report1/27/2012 1:48 PM
Social networking juggernaut Facebook could file the paperwork for its much-anticipated initial public offering as early as next Wednesday, according to a new report in The Wall Street Journal. If previous reports are correct, the eight-year-old company could seek to raise as much as $10 billion, making the offering the largest technology IPO in history. [...]
Couldn’t Make Davos This Year? Here Are the 5 Things Everyone’s Talking About1/27/2012 12:15 PM
The topics and tropes fall faster than snowflakes here in Davos, where several thousand of the world’s leading business people, politicians and policy makers gather once a year for an annual think-fest. And with literally hundreds of panels, debates, interviews, workshops and symposia taking place, it would be impossible to capture all of the ideas competing for attendees’ attention.
Ford Posts Big Profits but Misses Wall Street1/27/2012 10:06 AM
DEARBORN, Mich.  — An accounting change boosted Ford’s fourth-quarter net income, but without the gain the company fell short of Wall Street’s expectations. Weak sales in Europe and lower production in Thailand eroded Ford’s profits. Investors punished the stock in pre-market trading, where shares fell nearly 5 percent to $12.14. Ford earned $13.6 billion in the fourth quarter, due to [...]
Why Manufacturing Can’t Solve The Jobs Problem1/27/2012 7:00 AM
Here in snowy Davos, the topic of job creation has been about as popular as the passed canapés and free champagne.  Not surprisingly, President Obama’s latest jobs proposals — a combination of taxing outsourcing corporations and reviving U.S. manufacturing — haven’t been as popular. It’s not hard to see why. Among other things, Obama’s State of [...]
Netflix Stock Soars as Subscribers Return1/27/2012 6:00 AM
Netflix, the streaming video and DVD service, saw its stock price soar over 22% Thursday after reporting earnings results that beat Wall Street expectations. The company said it added 610,000 new customers last quarter, in a sharp rebound from a debacle last summer when 800,000 quit the service following an unexpected price hike. It’s a welcome [...]
Does Obama Finally Have a Plan to Fix the Housing Mess?1/27/2012 4:00 AM
Perhaps the single biggest headwind the American economy faces, rivaled only by unemployment, is the dismal housing market.  American’s biggest source of wealth has been decimated over the past six years, so it was no surprise that President Obama, in his state of the union speech, promised responsible homeowners the chance to refinance and “save [...]
More Seek Unemployment Aid, but Trend is Positive1/26/2012 2:04 PM
WASHINGTON (AP) — The number of people seeking unemployment benefits rose last week to a seasonally adjusted 377,000, up from a nearly four-year low the previous week. But the longer-term trend is pointing to a healthier job market. Applications have trended down over the past few months. The four-week average has declined to 377,500. When [...]
Should Americans Care About Apple’s iPhone-Factory Conditions?1/26/2012 12:06 PM
A new report details grim working conditions in the factories that produce Apple's popular iPhone and iPad devices, and raises questions about the effectiveness of Apple's supplier code of conduct, which sets standards for labor issue and safety protections. The report suggests there are limits to Apple's influence over the sprawling factories run by its contractors. Should Americans care about where their gadgets come from?
Is the Fed Undermining the Recovery?1/26/2012 6:00 AM
Ben Bernanke is playing chicken with the real economy. By most measures, the U.S. economy in the past few months seems to be improving. The unemployment rate has been falling. Manufacturing appears to be perking up. U.S. car companies are back in business. And home sales even rose in December. (LIST: The Heavy Hitters of [...]
Huffington: Financial Crisis or Empathy Crisis?1/26/2012 5:35 AM
Last night at a cocktail party I attended in Davos, the queen of new media – Arianna Huffington – did a surprising thing. She asked people to unplug from their Blackberries and—gasp—slow down.


Yahoo! News: Top Stories
More than 50 killed in 2 days of turmoil in Syria (AP) world1/27/2012 12:48 PM

This citizen journalism image provide by the Local Coordination Committees in Syria and released early Friday Jan. 27, 2012, purports to show a Syrian man, right, mourning over the dead body of his son, who was shot by the Syrian forces, in Idlib province, Syria, on Thursday Jan. 26, 2012. A 'terrifying massacre' in the restive Syrian city of Homs has killed more than 30 people, including small children, in a barrage of mortar fire and attacks by armed forces loyal to President Bashar Assad, activists said Friday. (AP Photo/Local Coordination Committees in Syria) EDITORIAL USE ONLY, NO SALES, THE ASSOCIATED PRESS IS UNABLE TO INDEPENDENTLY VERIFY THE AUTHENTICITY, CONTENT, LOCATION OR DATE OF THIS HANDOUT PHOTOAP - In two days of bloody turmoil in Syria, more than 50 people were killed as forces loyal to President Bashar Assad shelled residential buildings, fired on crowds and left bleeding corpses in the streets in a dramatic escalation of violence, activists said Friday.


California passes new auto emission rules (AP) science1/27/2012 1:44 PM

Map shows states that have adopted California clean car standardsAP - California air regulators passed sweeping auto emission standards Friday that include a mandate to have 1.4 million electric and hybrid vehicles on state roads by 2025.


Analysis: Romney is fiery, focused in Fla. Debate (AP) opinion1/27/2012 6:11 AM

Republican presidential candidates, former House Speaker Newt Gingrich and former Massachusetts Gov. Mitt Romney talk during a commercial break at the Republican presidential candidates debate in Jacksonville, Fla., Thursday, Jan. 26, 2012. (AP Photo/Matt Rourke)AP - Mitt Romney, forced to prove his resilience after a stinging loss in South Carolina, is showing why the so-called Republican establishment thinks he has the best discipline, organization and campaign smarts to challenge President Barack Obama this fall.


Activists and bloggers fear Twitter censorship (AP) technology1/27/2012 11:38 AM

This screen shot shows a portion of the Twitter blog post of Thursday, Jan. 26, 2012, in which the company announced it has refined its technology so it can censor messages on a country-by-country basis. The additional flexibility is likely to raise fears that Twitter's commitment to free speech may be weakening as the short-messaging company expands into new countries in an attempt to broaden its audience and make more money. But Twitter sees the censorship tool as a way to ensure individual messages, or 'tweets,' remain available to as many people as possible while it navigates a gauntlet of different laws around the world. (AP Photo/Twitter)AP - Bloggers and activists from China, the Middle East and Latin America said Friday they were afraid that new Twitter policies could allow governments to censor messages, stifling free expression.


Economy grew 2.8 pct. in Q4, but outlook is hazy (AP) business1/27/2012 10:54 AM

FILE - In this Aug. 30, 2011 file photo, 2011 Chevrolet Malibus are lined up at a car dealership in San Jose, Calif. The U.S. economy grew at a 2.8 percent annual rate in the final three months of last year, the fastest growth in 2011, according to the Commerce Department, Friday, Jan. 27, 2012. Americans spent more on cars and trucks, and companies restocked their shelves at the strongest pace in nearly two years. But growth in the October-December quarter — and all of last year — was held back by the biggest annual government spending cuts in four decades. (AP Photo/Paul Sakuma, File)AP - The economy grew late last year at a pace that in normal times would suggest it's healthy.


US Embassy: US citizen kidnapped in Nigeria freed (AP) us1/27/2012 12:38 PM
AP - A U.S. citizen kidnapped by gunmen in Nigeria's oil-rich southern delta has been freed after a week in captivity, the U.S. Embassy said Friday.
St. Louis hosts 1st big parade on Iraq War's end (AP) us1/27/2012 11:40 AM

Niliah Banks, foreground, works with other students in her fifth grade class at Ross Elementary create hand-made signs Wednesday, Jan. 25, 2012, in Creve Coeur, Mo. The signs will be used when St. Louis hosts a 'Welcome Home the Heroes from Iraq Day' on Jan. 28 with a noontime parade through downtown to welcome veterans of the war in Iraq. (AP Photo/Jeff Roberson)AP - Since the Iraq War ended there has been little fanfare for the veterans returning home. No ticker-tape parades. No massive, flag-waving public celebrations.


Tubby tabby gets revolutionary new knee joint (AP) us1/27/2012 1:38 PM

Cyrano lies on a table during a news conference at North Carolina State University in Raleigh, N.C., on Wednesday, Jan. 25, 2012. The 10-year-old tabby from Upperville, Va., received a groundbreaking total knee replacement on Thursday. In the background, from left to right, are engineer Ola Harrysson, surgeon Denis Marcellin-Little and handler Crystal Ritenour. (AP Photo/Allen Breed)AP - Because Cyrano weighs more than 20 pounds, amputating his cancer-weakened leg was out of the question. So the tubby tabby's owners turned to doctors and engineers at North Carolina State University to get him back into mice-catching trim.


Friend says on 911 call Demi Moore was convulsing (AP) entertainment1/27/2012 1:13 PM

FILE - In this Oct. 17, 2011 file photo, actress Demi Moore attends the premiere of 'Margin Call' in New York. A spokeswoman for Moore on Tuesday, Jan. 24, 2012 said the actress is seeking professional help to treat her exhaustion and improve her health. (AP Photo/Peter Kramer, File)AP - Demi Moore smoked something before she was rushed to the hospital on Monday night and was convulsing and "semi-conscious, barely," according to a caller on a frantic 911 recording released Friday by Los Angeles fire officials.


Djokovic edges Murray, sets up final vs Nadal (AP) sports1/27/2012 11:01 AM

Novak Djokovic of Serbia celebrates after defeating Andy Murray of Britain during their semifinal at the Australian Open tennis championship, in Melbourne, Australia, early Saturday, Jan. 28, 2012. (AP Photo/Andrew Brownbill)AP - Novak Djokovic overcame his breathing problems and fatigue to beat friend Andy Murray 6-3, 3-6, 6-7 (4), 6-1, 7-5 Friday in a nearly five-hour Australian Open semifinal.


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