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HP prepares to announce mass layoffs

Posted 11:18 AM 5/23/2012 by David Goldman and Michal Lev-Ram

Hewlett-Packard will announce another round of substantial job cuts Wednesday afternoon in an effort to streamline its teetering PC and services businesses, a source familiar with the plans told Fortune.

The layoffs will be "in the ballpark" of 25,000 workers, the source said, which would (More)

Oh, Zuck: Facebook's bumpy start just got a little worse

A look back at Facebook's rough IPO

Yesterday

Facebook plunges 11%: Should you buy?

Posted 7:53 AM 5/22/2012 by CBS News

The hype surrounding Facebook (FB) continued on the second day of trading. After closing only tiny_mce_marker.23 above the IPO price of $38 on its debut, the stock closed down $4 dollars, 20 cents or 11 percent to $34.03. The day two drubbing prompted a friend to ask, "The stock's down 11 (More)

5/21/2012

Cable companies to expand free Wi-Fi

Posted 4:26 PM 5/21/2012 by David Goldman

If you buy Internet access through your cable provider, your subscription is about to get much more mobile.

Five of the nation's largest cable providers, including Comcast (CMCSA), Time Warner Cable (TWC, Fortune 500), Cablevision (CVC, Fortune 500), Bright House and Cox, announced on (More)

Apple partner Foxconn invests $210M in new plant

5/20/2012

Billings company increases workforce to meet demand in Bakken

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Posted 6:29 PM 5/20/2012 by David Jay

BILLINGS - The Bakken oil boom has added thousands of oil jobs, .including some in Billings. Sanjel in Billings provides drilling companies with coil tubing, fracturing and pump services. The company has trained about 1,200 workers since 2010, .with about half of those go to work in (More)

HP considers cutting 25,000 jobs. Why not more?

5/19/2012

Vacation? No thanks, boss

Posted 3:46 PM 5/18/2012 by Annalyn Censky

Dubbed the "no vacation nation," the United States lags behind most other developed countries when it comes to vacation days. But Americans don't seem to mind.

Most workers don't use all their vacation days in the first place.

About 57% of working Americans had unused vacation time at (More)

5/18/2012

Facebook IPO: Lackluster trading after all the hype

Posted 2:21 PM 5/18/2012 by CBS

Facebook (FB) hit the tape in its debut at $42.05 per share, up 11 percent from the $38 per share IPO price. The stock meandered around $40 for most of the day, before closing at $38.23. While the deal was huge -- the second-largest in U.S. history -- the first day of trading was more whimper (More)

Facebook IPO: More whimper than bang

Zuckerberg opens Nasdaq trading on day of IPO

Facebook workers celebrate IPO

Simulcast betting returns to Montana; maybe too late for Yellowstone Downs

5/17/2012

Facebook prices IPO at $38 per share

Posted 3:47 PM 5/17/2012 by CBS News

Facebook on Thursday priced its initial public offering at $38 per share. The social networking company, which is expected to go public tomorrow under the ticker symbol "FB," stands to reap $18.4 billion in the IPO.

Facebook's stock is expected to begin trading on the Nasdaq Stock Market on (More)

Facebook IPO price: $38 per share

Verizon to drop unlimited data plans for upgrades from 3G to 4G LTE

5/16/2012

FBI opens investigation into JPMorgan trade loss

Posted 10:37 AM 5/16/2012 by Mallory Simon

FBI Director Robert Muller said the bureau has opened a preliminary investigation into a major JPMorgan Chase trading loss.

The company had made a surprise announce that it has suffered trading losses of $2 billion since the start of April.

The loss, while eye-popping, should be rather (More)

How you help Facebook make billions