Stock market News
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A botched debut and a week of dismal performance on the markets has compelled early investors in social networking site Facebook to brandish their knives.
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After Facebook's highly anticipated and heavily watched stock market debut this past Friday, the second day of trading isn't shaping up to be so hot in the early morning hours.
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Facebook, the world's largest social network, is expected to go public on May 17. The online giant is expected to be valued at $100 billion. Analysts say that Facebook's is the most anticipated stock offering from Silicon Valley since Google in 2004.
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Greenbelt -
A former chemist for the US Food and Drug Administration (FDA) has been sentenced to five years in prison. This is due to his involvement with an insider trading scheme, that spanned nearly five years, whilst he was working for the Federal Agency.
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All last year the big question regarding Facebook was, will they or won't they go public? Then, the question morphed into, not if Facebook would enter the stock market, but when.
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New York -
It was announced on the New York stock exchange today that shares in the computing and technology giant Apple hit $500 for the first time.
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The fourth quarter figures are in for Groupon, and while their revenue exceeded projections, their stock prices still took a tumble this week. In fact, the stock dropped by as much as 15% during Wednesday's trading.
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Facebook, the social networking site, has announced plans for a major stock market flotation, seeking to raise $5 billion. This valuation is less than business commentators had previously estimated.
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As one of the popular IPO tech topics of the year, Facebook game maker Zynga, began trading on Friday. The stock fell 5 percent on the day of its debut, which was not the explosive start many expected to see from this profitable company.
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New York -
Why should our elected officials have the green light to make money through insider trading when they are on the inside track anyway? But CBS News reports that they have the right, and they do it regularly.
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Stock market Headlines
Promising figures for manufacturing output in economies throughout the world boost stock markets.
 The Toronto stock market was sharply lower Wednesday as falling commodities pressured resource stocks.
Stock markets decline sharply on concerns ahead of a key deadline to secure Greece's future in the euro.
Social media giant Facebook is expected to offer itself for stock market flotation in the United States with a valuation of around £60bn.
 For a small subsector of market watchers, the Super Bowl is important because it has an uncanny knack for predicting what stock markets are going to do.
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