Facebook IPO Furor: Feds Probing Deal Over Insider Bank Warnings

Brendan McDermid / Reuters

Facebook's Wall Street investment banks warned top clients of new doubts about the social network's financial prospects just days before the company's IPO, according to a series of reports that emerged Tuesday.

Senate Approves Hike in Airline Security Fees

LM Otero / AP

(WASHINGTON) — A Democratic-controlled Senate panel Tuesday approved a $2.50 increase in airline security fees that would double the per-passenger fee for those taking nonstop flights.

Home Sales Jump as Number of Foreclosures Drops

April housing numbers released by the National Association of Realtors were, wait for it … good. Spring is traditionally a busy season for home sales, but the real estate market has been in such a slump for the past couple of years that “ordinary” good news comes as something of a surprise.

5 Things Remarkable Bosses Never Do

Alex and Laila / Getty Images

What you don't do can sometimes make a bigger impact than what you do.

How to Become a Prosperous Entrepreneur

If your idea for a startup meets four key conditions, you might have the makings for sustainable success, according to Randy Garns of Prosper Inc., co-author of the book Prosper: Create the Life You Really Want.

Euro Zone Warned by OECD: ‘Severe Recession’ Looming

(AP / Frank Augstein)
(PARIS) — The 17-country euro zone risks falling into a “severe recession,” the Organization for Economic Cooperation and Development warned on Tuesday, as it called on governments and Europe’s central bank to act quickly to keep the slowdown from dragging down the global economy.

Keep Your Job Search a Secret

Looking for a job while you already have one can be stressful, especially in the age of social media when privacy is scarce. Here are three ways to keep your search to yourself:

It’s Official: Google Has Acquired Motorola Mobility

Google has made its $12.5 billion acquisition of Motorola Mobility official. Google CEO Larry Page announced the closing of the deal in a company blog post:

7 Reasons Facebook Flopped

Photo Illustration by Valentin Flauraud / Reuters

Facebook skidded 11% lower on Monday, its second day as a publicly traded stock, capping one of the worst market debuts ever. Let’s hope that Mark Zuckerberg and his new bride Priscilla Chan aren’t as star-crossed as the $16 billion Facebook initial public offering.

Facebook launched its stock amid a unique blend of media hype and hatred. When it registered with regulators in February to sell shares to the public, the company was declared by some an instant blue chip, while others forsaw a deal so overpriced that only fools would buy.

How Cash Keeps Poor People Poor

ERIK DREYER / GETTY IMAGES

Want to help the poor? Start by taking money out of their hands. More specifically, cash — coins and paper bills are the silent enemy of the poor, with costs often out of proportion with their day-to-day convenience.