Digital Life
Facebook Users Should Expect Changes After IPO
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Business
Moody's Downgrades 16 Spanish Bank Ratings
()Moody's Investors Service is lowering the ratings because of the country's worsening financial picture. Moody's said it took the action because the banks face a rising tide of bad loans with Spain's economy in recession, its real estate market a shambles and its unemployment rate stubbornly high.
Reports: Hewlett-Packard Plans To Announce About 25,000 Job Cuts
The company may cut about 8 percent of its workforce as part of a restructuring.
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The company has grown from an idea hatched in a Harvard dorm to a worldwide social media phenomenon worth billions.
Solar Panels From China May Get New U.S. Tariffs()
The move by the Obama administration comes after finding that Chinese companies are improperly flooding the U.S. market with government-subsidized panels. The tariffs announced Thursday were higher than expected and could ratchet up trade tensions between the two countries.
Shots - Health Blog
Accretive Health Mobilizes Political Who's Who()
Accretive Health, under fire for how it collects on health care debts, is fighting back. The company has lined up some political luminaries, including Chicago Mayor Rahm Emanuel, to press its case.
Crisis In The Housing Market
30-Year Mortgage Rates At Record Low 3.79 Percent()
Average U.S. rates for 30-year and 15-year fixed mortgages fell to record lows for the third straight week. The rate on the 30-year loan dipped to 3.79 percent. The 15-year mortgage, a popular option for refinancing, declined to 3.04 percent.
Economy
Leading Indicators Dip For First Time In 7 Months()
A measure of future U.S. economic activity fell in April after six months of increases. The drop reflected weakness in housing and hiring. The Conference Board says its index of leading economic indicators declined 0.1 percent in April.
Economy
New Jobless Benefit Claims Unchanged At 370,000()
The number of people seeking unemployment benefits was unchanged last week, suggesting steady gains in the job market. The four-week average, a less volatile measure, fell to 375,000, the Labor Department said.
The Two-Way
As Feared, JPMorgan's Losses Are Growing; Reportedly At $3 Billion()
The losses from ill-fated bets made by the bank's London office have been expected to mount. But they're rising even faster than some predicted. Still, JPMorgan's profits from other operations will likely offset the billion dollar blunders.
Europe
'Dire Consequences' If Greece Exits Euro()
Depositors in Greece are nervous about the possibility, and euros are being drained from the country's banks at a rate of up to $1 billion a day this week. The new election scheduled for June isn't boosting much confidence, either. But with so much at stake, is it possible for leaders to prevent an exit?
All Tech Considered
'What Facebook Is Selling Is Us'()
May 16, 2012 Facebook's initial public offering — $16 billion and counting — is shaping up to be one of the largest in history. The company and its investors are betting that the social media giant can learn enough from its users so it can target ads that will be worth big, big money.
The Two-Way
Report: Renouncing Citizenship Could Save Facebook's Saverin $67 Million()
May 16, 2012 News that Eduardo Saverin renounced his U.S. citizenship ignited controversy from those who accused him of trying to dodge taxes and those who say it's just a symptom of a costly tax code.
Economy
Fed More Open To Helping The Economy If Needed()
May 16, 2012 Minutes of the Federal Reserve's April 24-25 meeting released Wednesday stated that "several members" thought additional Fed support could be needed if the recovery lost momentum or if the risks to the economy became great enough.
Special Series
Family Matters: The Money Squeeze
Multigenerational households face difficult financial decisions surrounding elder care, paying for college and retirement.
