Hewlett-Packard reportedly has decided on a restructuring that will eliminate 30,000 jobs worldwide. The company isn't expected to say anything publically until next week when it announces quarterly earnings.
Facebook begins trading this morning in one of history’s largest initial public offerings. President Obama meets with congressional leaders to seek common ground on the looming debt ceiling battle; Facebook makes one of history's largest public offerings with a valuation larger than McDonald's and Kraft Foods; the FBI launches a criminal investigation into the $3 billion trading loss at JP Morgan Chase; and minorities surpass whites in U.S. births for the first time. Michael Scherer of TIME magazine, Laura Meckler of The Wall Street Journal and John Harwood of CNBC and The New York Times join guest host Tom Gjelten for analysis of the week's top national news stories.
The Federal Reserve has unsealed the minutes of its Open Market Committee meeting in April. Fed officials warn that a failure to agree on a federal budget plan could mean businesses will delay hiring plans.
With a speech in Ohio Wednesday, Vice President Biden kept up the drum beat criticizing Mitt Romney for his work as a venture capitalist. The GOP presidential hopeful casts his business experience as a prime asset.
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