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Facebook to sell 25% more shares

7:17am: Facebook says in SEC filing that it plans to sell 421 million shares in IPO later this week, could raise up to $16 billion. More

  • J.C. Penney stock sinks on falling sales

    J.C. Penney stock sinks on falling sales

    Shares of retailer J.C. Penney plummet after quarterly results show same-store sales dropped 19% in first quarter of 2012. Company cuts dividend.

    CNNMONEY - May 15 2012 7:15 PM ET
  • Stop treating Dimon like a rockstar! 

    Stop treating Dimon like a rockstar!

    A few unhappy, activist shareholders of JPMorgan Chase sound off outside the bank's annual meeting in Tampa, Florida.

    CNNMONEY - May 15 2012 5:37 PM ET
  • Contagion risks deepen as new Greek elections called

    Contagion risks deepen as new Greek elections called

    Failure to form new coalition Greek government means new vote, increasing chances for anti-austerity party victory and Greece's exit from euro zone.

    CNNMONEY - May 15 2012 1:37 PM ET
  • Clinton: Debt deal should be top campaign issue

    Clinton: Debt deal should be top campaign issue

    President Clinton on Tuesday said balancing the budget and getting a debt deal should dominate fall elections.

    CNNMONEY - May 15 2012 1:14 PM ET
  • JPMorgan's Dimon gets his $23 million pay package

    JPMorgan's Dimon gets his $23 million pay package

    Dimon, who also serves as the bank's chairman, is facing shareholders who have seen the company's stock decline by more than 11%.

    CNNMONEY - May 15 2012 1:23 PM ET
  • Dewey's decline and the rise of high-risk Big Law

    Dewey's decline and the rise of high-risk Big Law

    The firm's fall from grace offers a look into how the once genteel, clubby world of law firms has taken on a hustling business culture of free agent partners.

    FORTUNE - May 15 2012 12:21 PM ET
  • Facebook's rise to the top 

    Facebook's rise to the top

    As Facebook became the number one social network, other sites like MySpace and Friendster fell by the wayside.

    CNNMONEY - May 15 2012 11:24 AM ET
  • Boehner's 'line in the sand' on debt 

    Boehner's 'line in the sand' on debt

    Republican Speaker of the House says Americans are sick of Washington 'kicking the can down the road' when it comes to solving our debt crisis.

    CNNMONEY - May 15 2012 5:11 PM ET
  • Avon's stock plunges 10% after Coty pulls out

    Avon's stock plunges 10% after Coty pulls out

    Coty withdrew its $10.7 billion bid for Avon, which is now expected to pursue a turnaround on its own. Coty will likely pursue an IPO and new acquisitions.

    CNNMONEY - May 15 2012 12:19 PM ET
  • Geithner: JPMorgan loss a call for reform 

    Geithner: JPMorgan loss a call for reform

    Treasury secretary says big trading loss by JPMorgan shows need to implement Dodd-Frank Wall Street reform to police big banks.

    CNNMONEY - May 15 2012 11:09 AM ET
 
Opinion
Facebook IPO is no safe haven

Why are so many investors clamoring for a risky IPO while many pros are fleeing stocks and seeking safety in bonds?

'Au'-sterity for gold as prices plunge

Remember when gold was supposed to be a great investment in times of fear? That's no longer the case.

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