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Facebook Stock Priced At $38 A Share Ahead Of Friday IPO

Facebook has priced its much-hyped stock at $38 a share in advance of its initial public offering Friday. It is expected to be one of the largest IPOs in history and the company is expected to raise as much $18 billion.
NPR

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.
NPR

Facebook Users Should Expect Changes After IPO

Facebook hopes to raise more than $100 billion in its initial public stock offering. In a piece at Slate.com, tech columnist Farhad Manjoo warns that Facebook users can expect to see changes, including lots more ads. But he warns the company must balance profit seeking with the desires of users.
NPR

Embattled Hospital Debt Collector Taps Politicians For Defense

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.
NPR

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.
NPR

Skechers To Settle FTC Complaint

The Federal Trade Commission has announced that Skechers will pay more than $40 million to settle charges that the company made unfounded claims about its shape-up shoes. The FTC says the marketing was deceptive.
NPR

Would You Pay $1,500 For A Hot Dog?

The hot dog is topped with lobster tail, contains safron aioli and is covered in gold dust. Four of the expensive dogs have been sold, and the proceeds donated to charity.
NPR

Foreclosures Are Down For Third Straight Month

Nationwide, a new RealtyTrack report finds foreclosure rates in April were down 14 percent over last year. The rate is at its lowest level in nearly in five years.

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