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MSNBC Business News


Facebook's IPO fails to live up to the hype

Fri, 18 May 2012 21:05:51 GMT

After jumping more than 10 percent at the start of trading, shares of the social network pulled back in their debut on the Nasdaq stock market Friday to gain a mere 23 cents a share.After jumping more than 10 percent at the start of trading, shares of the social network pulled back in their debut on the Nasdaq stock market Friday to gain a mere 23 cents a share.

Facebook's Zuckerberg marries sweetheart

Sun, 20 May 2012 02:56:37 GMT

Mark Zuckerberg's Facebook post announcing his Saturday marriage to longtime sweetheart Priscilla Chan.Facebook founder and CEO Mark Zuckerberg updated his status to "married" on Saturday, wedding longtime girlfriend, Priscilla Chan.

NYT: Silicon Valley riches kept on the down low

Fri, 18 May 2012 12:54:29 GMT

VeloTech cycles in Palo Alto, Calif., is one of the places where technology millionaires go to buy high-end bicycles. The store is owned by Mark Richard, right.Make no mistake. In this, Silicon Valley’s gilded age, money is chasing money. You just have to know where to look to see it.

Facebook IPO volume = headaches for Nasdaq

Fri, 18 May 2012 19:55:07 GMT

The weight of Facebook's popularity seemed to bog down the Nasdaq in the initial minutes of the social network's debut trading.

Here's who is getting rich off Facebook's IPO

Fri, 18 May 2012 15:20:04 GMT

When Facebook priced its initial public offering Thursday, the event created hundreds of instant millionaires and a few billionaires. Topping the list, of course, is founder and CEO Mark Zuckerberg, who sold $1.1 billion worth of shares and saw his remaining stake valued at $19.

Stock market falls as Facebook makes shaky debut

Fri, 18 May 2012 20:03:16 GMT

Stocks fell on Friday as Facebook made a shaky debut and finished its first day of trading little changed from its IPO price. Broad market indexes were sharply lower as turned cautious before leaders of the Group of Eight nations met to dicsuss the eurozone debt crisis.

7-Eleven serving up diet Slurpees for the first time

Fri, 18 May 2012 18:55:56 GMT

It probably says something more about America than it does about 7-Eleven, but starting this month the retailer is rolling out a product that seems right for its time: a sugar-free Slurpee. It probably says something more about America than it does about 7-Eleven, but starting this month the retailer is rolling out a product that seems right for its time: a sugar-free Slurpee.

GM won't advertise on next Super Bowl

Fri, 18 May 2012 20:22:45 GMT

General Motors does not plan to run ads on the next Super Bowl as it revamps its global marketing operations to cut about $2 billion from its budget.

Facebook CEO Zuckerberg opens trading at Nasdaq

Fri, 18 May 2012 13:32:42 GMT

Facebook’s founder and CEO Mark Zuckerberg rang the opening bell at the Nasdaq stock market Friday, signaling the start of share dealing in the U.S.

Record-breaking $90 million penthouse sale in N.Y.

Fri, 18 May 2012 19:58:42 GMT

What real estate downturn? A two-level penthouse with sweeping views of Central Park just sold for more than $90 million — a record price for New York, according to the New York Times.What real estate downturn? A two-level penthouse with sweeping views of Central Park just sold for more than $90 million — a record price for New York, according to the New York Times.

Getting older and going, or going back, to work

Fri, 18 May 2012 11:20:28 GMT

The tough job market has been so hard on some Americans that they have dropped out of the running altogether. But here’s a surprising twist: Generally, that’s not been true of older Americans.The tough job market has been so hard on some Americans that they have dropped out of the running altogether. But here’s a surprising twist: Generally, that’s not been true of older Americans.

Cities where jobs in manufacturing pay the most

Fri, 18 May 2012 11:36:14 GMT

Not all manufacturing jobs are created equal -- and certainly not manufacturing pay. According to a new study released by Brookings’ Metropolitan Policy Program, manufacturing wages differ widely between large cities.Not all manufacturing jobs are created equal -- and certainly not manufacturing pay. According to a new study released by Brookings’ Metropolitan Policy Program, manufacturing wages differ widely between large cities.

How Facebook is friendly to its employees

Fri, 18 May 2012 16:50:23 GMT

If you just bought shares in Facebook or are considering doing so, you probably want to know what the company is doing to keep its employees happy.

Celebrity Real Estate: Seacrest and Ellen deal

Fri, 18 May 2012 18:59:51 GMT

The big real estate news in celebrity circles? Ellen DeGeneres finally sold her home, selling it to fellow star Ryan Seacrest, and Jennifer Aniston and Justin Theroux are renting in Beverly Hills while their modern home is renovated.The big real estate news in celebrity circles? Ellen DeGeneres finally sold her home, selling it to fellow star Ryan Seacrest, and Jennifer Aniston and Justin Theroux are renting in Beverly Hills while their modern home is renovated.

Review: 4-cylinder Ford Escape strikes the right tone

Fri, 18 May 2012 13:03:58 GMT

We’ve seen this movie before: Stagnant economy. Soaring gas prices. Government-mandated increases in fuel economy that doom the big vehicles Americans prefer. In the 1970s, automakers responded to those conditions with that they called “downsizing.We’ve seen this movie before: Stagnant economy. Soaring gas prices. Government-mandated increases in fuel economy that doom the big vehicles Americans prefer. In the 1970s, automakers responded to those conditions with that they called “downsizing.

Buzz: Working women's woes: looks, child care

Fri, 18 May 2012 16:24:21 GMT

We’re going to go out on a limb and guess that when Henry Kissinger served as secretary of state, press reports about his key trips to foreign countries did not usually dwell on how he looked. No such luck for Hillary Clinton.

Yes, you can get a good job without college

Fri, 18 May 2012 15:18:16 GMT

Rick Santorum got a lot of heat earlier this year for suggesting not everyone needs a college degree, but he may have been on to something. There are lots of jobs out there that don’t require a four-year degree and pay pretty well.

Boy finds a piece of finger in Arby's sandwich

Thu, 17 May 2012 18:04:29 GMT

"I was like, 'That (has) to be a finger,'" Ryan Hart, 14 says. "I was about to puke. ... It was just nasty."A Michigan teen made a gristly discovery after biting into an Arby's junior roast beef sandwich.

JPMorgan trading losses likely growing

Thu, 17 May 2012 22:21:13 GMT

JPMorgan Chase has acknowledged losing at least $2 billion on a series of risky trades, and now that sea of red ink appears to be rising.

Here's how you get a piece of Facebook

Thu, 17 May 2012 11:29:14 GMT

Excitement is mounting for Facebook’s expected debut on financial markets Friday. So if you’re an individual investor, can you get a piece of the action, and should you?

Facebook shares trim gains after early pop

Fri, 18 May 2012 16:06:31 GMT

Shares of Facebook rose early in the market debut of one of the most anticipated initial public offerings ever. But they soon lost some of their pop.Shares of Facebook rose early in the market debut of one of the most anticipated initial public offerings ever. But they soon lost some of their pop.