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Secrets of Facebook’s profit engine

Business and financial news - CNNMoney.com — Thu, 17 May 2012 09:34:29 +0000

FACEBOOK: FINAL IPO PRICE

Business and financial news - CNNMoney.com — Thu, 17 May 2012 09:32:32 +0000

Facebook's long road to an initial public offering is coming to an end. Late Thursday, it will fill in one last piece of the puzzle: Its final IPO price.Facebook's IPO price is available to the deal's underwriters and their bigwig clients. Regular folks will get to buy at market price the next day.

Foreclosures fall to lowest level since 2007

Business and financial news - CNNMoney.com — Thu, 17 May 2012 09:06:47 +0000

Foreclosure filings in April fell for the third straight month to the lowest level since July 2007.

Foreclosures fall to lowest level since 2007

Home mortgage rates and real estate news - CNNMoney.com — Thu, 17 May 2012 09:06:47 +0000

Foreclosure filings in April fell for the third straight month to the lowest level since July 2007.

Verizon to end unlimited data for upgraders

Business and financial news - CNNMoney.com — Thu, 17 May 2012 08:51:51 +0000

Verizon Wireless is planning this summer to begin forcing smartphone customers with unlimited data plans to switch to tiered plans when they upgrade, the company's chief financial officer told Wall Street analysts on Wednesday.

7 startups Facebook should buy

Business and financial news - CNNMoney.com — Wed, 16 May 2012 23:50:00 +0000

Facebook has snapped up dozens of smaller startups, and it recently dropped a cool $1 billion on Instagram. Here's what Silicon Valley insiders think is on Facebook's radar -- or should be.

Short-seller Einhorn targets Amazon

Business and financial news - CNNMoney.com — Wed, 16 May 2012 23:45:20 +0000

Noted short-seller David Einhorn targeted Amazon and Martin Marietta Materials on Wednesday but was curiously silent on Herbalife.

Federal Reserve concerned about fiscal cliff

Business and financial news - CNNMoney.com — Wed, 16 May 2012 21:27:16 +0000

The Federal Reserve is worried about indecision in Congress.

Succeeding as a ‘boomerpreneur’

Business and financial news - CNNMoney.com — Wed, 16 May 2012 20:52:47 +0000

Greece worries weigh on U.S. stocks

Business and financial news - CNNMoney.com — Wed, 16 May 2012 20:51:39 +0000

Following a positive start, U.S. stocks closed in the red for a fourth straight session Wednesday, as investors weighed strong U.S. economic data against ongoing uncertainty about Greece's political situation.

FBI opens JPMorgan investigation

Business and financial news - CNNMoney.com — Wed, 16 May 2012 20:43:13 +0000

The director of the Federal Bureau of Investigation said Wednesday that the agency has opened an investigation into JPMorgan Chase, the nation's largest bank.

Outgoing World Bank chief: Fix eurozone

Business and financial news - CNNMoney.com — Wed, 16 May 2012 18:52:58 +0000

Outgoing World Bank President Robert Zoellick said Wednesday he's concerned about the "ripple effects" on the rest of the eurozone if Greece leaves.

Big tax increases and spending cuts loom

Business and financial news - CNNMoney.com — Wed, 16 May 2012 18:50:19 +0000

On Tuesday, House Speaker John Boehner all but promised an ugly fight over the debt ceiling this year unless GOP demands for spending cuts are met.

Should you buy Facebook?

Business and financial news - CNNMoney.com — Wed, 16 May 2012 18:09:38 +0000

Facebook's IPO is causing a frenzy among investors eager to get a piece of the social networking website.

U.S. smartphones now top ‘dumb’ phones

Business and financial news - CNNMoney.com — Wed, 16 May 2012 16:52:49 +0000

Smartphones are now more common than "dumb" phones.

Hail to the Rice Business Plan champions

Business and financial news - CNNMoney.com — Wed, 16 May 2012 16:40:24 +0000

You’re only worth $1.21 to Facebook

Business and financial news - CNNMoney.com — Wed, 16 May 2012 14:44:57 +0000

How much does Facebook value its users? In strictly monetary terms, about as much as a bag of chips.

Mortgage delinquencies drop to 4-year low

Home mortgage rates and real estate news - CNNMoney.com — Wed, 16 May 2012 14:21:50 +0000

The percentage of borrowers who have dropped behind on their mortgage payments fell to a four-year low in the first three months of 2012, a bankers' group said Wednesday.

Inside Facebook

Business and financial news - CNNMoney.com — Wed, 16 May 2012 14:07:09 +0000

George Lucas proposes affordable housing plan

Home mortgage rates and real estate news - CNNMoney.com — Wed, 16 May 2012 11:56:47 +0000

The film emperor may be striking back. For 25 years, filmmaker George Lucas tried to persuade his Marin County, Calif., neighbors to let him build a digital production studio on his ranch there, but the area's residents thwarted the plan.

The future of global shipping

Business and financial news - CNNMoney.com — Wed, 16 May 2012 11:53:15 +0000

Stay-at-home mom fights new credit card rule

Business and financial news - CNNMoney.com — Wed, 16 May 2012 10:45:57 +0000

After nearly five years managing her family's finances, Holly McCall, a 34-year old stay-at-home mother of two from Vienna, Va., never thought she would have trouble getting a credit card.

BofA offering up to $30K for short sales

Home mortgage rates and real estate news - CNNMoney.com — Tue, 15 May 2012 22:37:33 +0000

Bank of America is offering some struggling homeowners payments of up to $30,000 if they sell their homes in a short sale and avoid ending up in foreclosure.

Park Ave. co-op sells for record $52.5M

Home mortgage rates and real estate news - CNNMoney.com — Tue, 15 May 2012 18:18:15 +0000

A recent sale in New York's famed 740 Park Avenue apartment building marked the highest price ever paid for a co-op in the city's history.

Artist’s habitat in the Jersey woodlands

Home mortgage rates and real estate news - CNNMoney.com — Fri, 11 May 2012 15:16:26 +0000

Ricky Boscarino is a sculptor, painter and jewelry maker whose biggest art project for the past 23 years has been his home on five quiet acres.

Unique home in the Jersey woods

Home mortgage rates and real estate news - CNNMoney.com — Fri, 11 May 2012 15:12:20 +0000

One of America's most flamboyant private residences lies in the woods of northwest New Jersey. It's the personal vision of artist and craftsman Ricky Boscarino and reflects his eccentric world view.

Redo your roof the right way

Home mortgage rates and real estate news - CNNMoney.com — Fri, 11 May 2012 10:30:26 +0000

It's hard to imagine a less enjoyable way to blow $5,000 to $15,000 (or more) than putting on a new roof.

Another record low for mortgage rates

Home mortgage rates and real estate news - CNNMoney.com — Thu, 10 May 2012 14:49:26 +0000

Mortgage interest rates hit new lows this week as both the 30-year and the 15-year fixed-rates fell, according to a weekly survey by Freddie Mac. It was the second consecutive week that rates broke records.

Best deals on stocks & bonds

Business and financial news - CNNMoney.com — Mon, 23 Apr 2012 09:40:35 +0000

It's getting tough to find a bargain these days and the stock market isn't cheap. But there's value to be found in the markets, if you tilt your game plan toward equities.

Mortgage payments at lowest level in decades

Home mortgage rates and real estate news - CNNMoney.com — Mon, 23 Apr 2012 09:20:39 +0000

For today's homebuyers, the weight of the monthly mortgage bill is the lightest it's been in decades.