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7-Eleven serving up diet Slurpees for the first time
Fri May 18, 2012 2:09 PM EDT
It probably says something more about America than it does about 7-Eleven, but starting this month the retailer is rolling out a product that seems right for its time: a sugar-free Slurpee. Fanta Sugar-Free Mango is this month’s diet flavor. 7-Eleven said it has spent two …
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Weak economic news, Europe help stocks close lower
Thu May 17, 2012 4:04 PM EDT
Stocks fell on Thursday, with the S&P 500 posting a fifth straight day of declines as already nervous investors were greeted by a round of weak domestic economic data while the euro zone remained turbulent. The Dow Jones industrial average dropped 156.44 points, or 1.2 …
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JPMorgan's Dimon to testify before Senate panel
Thu May 17, 2012 3:48 PM EDT
Updated at 6:54 p.m. ET: JPMorgan Chase CEO Jamie Dimon will be heading to Washington to testify before a Senate Committee investigating massive trading losses recently announced by the bank. Senate Banking Committee Chairman Tim Johnson, D-S.D., said the …
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HP considers 25,000 job cuts, sources say
Thu May 17, 2012 3:26 PM EDT
Hewlett-Packard Co is considering cutting its workforce by 8 to 10 percent, or a minimum of 25,000 jobs, sources familiar with the matter told Reuters, as newly installed CEO Meg Whitman strives to return the storied Silicon Valley institution to growth. The job cuts, which co …
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Mark Zuckerberg, in 2004, about his new website
Thu May 17, 2012 2:27 PM EDT
In this 2004 interview with Becky Quick, Mark Zuckerberg's talks about his new social media site -- a plucky startup called Facebook.
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Fed keeps bond-buying door open
Wed May 16, 2012 2:11 PM EDT
Federal Reserve policymakers kept the door open to a fresh round of monetary stimulus, citing downside risks to a moderately expanding economy, according to minutes for the central bank's April meeting.
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Zynga is one of Facebook's most important friends
Wed May 16, 2012 9:41 AM EDT
Facebook likes Zynga — a lot. While the social game maker endured some close scrutiny during its IPO because of its reliance on Facebook, the relationship is actually more of a codependent one — and Facebook will be the first to admit that. In its S-1 filing wit …
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Who stands to really get rich off the Facebook IPO
Wed May 16, 2012 8:11 AM EDT
Facebook now boasts more than 800 million users, but its investors make up a much more exclusive group. With the company expected to go public at a valuation of more than $100 billion, these early investors stand to cash in on the social network's success. Below, meet the angels …
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CNBC: Facebook to increase IPO size, value to $18.5B
Tue May 15, 2012 8:35 PM EDT
Facebook plans to increase the size of its IPO by 85 million shares, says someone familiar with the matter, a move that could value its upcoming offering at as much as $18.5 billion. The social network’s 25 percent upsize plan will be filed with regulators at the U.S. Secur …
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Stocks end a back-and-forth trading day slightly lower
Tue May 15, 2012 4:04 PM EDT
A bit of good news about the U.S. economy wasn’t enough to reverse stocks recent slide Tuesday as the major indexes closed slightly lower. Stocks wavered most of the day before turning lower for good in the last 90 minutes of trading. According to preliminary calculations, …
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GM to drop all advertising on Facebook - report
Tue May 15, 2012 3:24 PM EDT
Updated 4:40 P.M. EDT: In what could speak to Facebook’s viability as advertising medium just days before what is shaping up as a possible record initial public offering, General Motors says it will drop all paid advertising on the site, the Wall Street Journal is reportin …
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Advertising exec tells CNBC Facebook is a long-term buy
Tue May 15, 2012 2:06 PM EDT
Facebook’s long-awaited initial public offering will be a long-term bet, and selling pressure on the shares after the market excitement post-IPO will “relax,” Martin Sorrell, CEO at advertising bellwether WPP, told CNBC Tuesday.“I don’t think 900 mi …
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Stocks holding onto small gains in midday trading
Tue May 15, 2012 1:21 PM EDT
Stocks clung to minor gains Tuesday, in part driven by signs the U.S. economy is gathering steam. Just after 1 p.m. Eastern, the Dow Jones Industrial Average was up 0.26 percent. The S&P 500 was 0.23 higher. And the Nasdaq rose 0.71 percent. The markets wavered in …
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Poll shows most users distrust Facebook
Tue May 15, 2012 7:53 AM EDT
Facebook’s public offering will be the largest and perhaps most highly anticipated Internet deal in history. But faced with great expectations, Facebook is staring down some potentially unnerving obstacles when it comes to key areas of monetization and growth: public distr …
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New wireless company on hold due to bankruptcy
Mon May 14, 2012 7:27 PM EDT
Hedge fund manager Philip Falcone's dream of bringing another wireless network to the United States likely came to an end on Monday, when LightSquared Inc, the ailing telecommunications company he bankrolled, filed for bankruptcy protection. LightSquared and many affiliate …
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Obama praises Chase CEO, makes case for reform
Mon May 14, 2012 6:58 PM EDT
President Barack Obama says massive losses at JP Morgan Chase show why Wall Street needs strong government regulation. Obama made the comments while taping ABC’s “The View” just hours after the nation’s biggest bank disclosed it had lost at least $2 billi …
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Ousted Yahoo CEO won't be getting any severance
Mon May 14, 2012 5:50 PM EDT
Scott Thompson won't get severance compensation after leaving as Yahoo's CEO in a scandal about his resume, according to a filing. The filing also said Yahoo agreed to appoint activist investor Daniel S. Loeb, Michael J. Wolf and Harry J. Wilson to the board, effective Wednesday …
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Stocks can't recover from early plunge, end day down
Mon May 14, 2012 4:06 PM EDT
The major stocks indexes plunged in the first hour of trading, attempted an afternoon comeback, but ended Monday sharply lower. According to preliminary calculations, the Dow Jones industrial average ended the trading day 125.33 lower, or 0.98 percent, to 12,695.27. Th …
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Stocks recover some from early slide, remain lower at midday
Mon May 14, 2012 12:59 PM EDT
Stocks remained lower at midday Monday, but recovered a bit from their plunge right after the opening bell. The three major indexes fell more than 1 percent initially. International news seemed to weigh on the markets. Greece's president met little enthusiasm from politica …
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Report: Three to leave Chase over massive losses
Sun May 13, 2012 5:13 PM EDT
UPDATE 5:47 P.M. EDT: We have a New York Times profile of Ina Drew here. The Wall Street Journal is reporting that three high-ranking employees at JP Morgan Chase are expected to leave this week following the disclosure the largest American bank sustained at least $2 billion in …
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Mired in resume scandal, Yahoo says CEO out
Sun May 13, 2012 3:50 PM EDT
UPDATED 4:31 P.M. E.D.T. Yahoo said Sunday that Scott Thompson, its embattled CEO who was mired in a resume scandal, is leaving the company. In a press release, the Internet pioneer said effective immediately recently added board member Fred Amoroso becomes chairman and global m …
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Yahoo says Thompson out as chief executive officer
Sun May 13, 2012 12:20 PM EDT
UPDATED 3:26 P.M. E.D.T. UPDATE: The company confirms it in a press release here. Updated story is now here. Earlier story follows. Yahoo CEO Scott Thompson, charged by a shareholder group of lying on his resume, will quit the company, The Wall Street Journal reported Sunday …
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Chase, Europe may weigh on markets this week
Sun May 13, 2012 11:01 AM EDT
NEW YORK --- More volatility could be in store for stocks next week as investors grapple with less certainty about the economic outlook and a new blow to the financial sector after JPMorgan Chase's trading loss. Europe is expected to keep investors jumpy as well, with inconcl …
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On Wall Street, it's shaping up as hoodies vs. the suits
Fri May 11, 2012 8:35 AM EDT
At least Steve Jobs wore a black turtleneck. Mark Zuckerberg's shaggy, baggy, haute-hoodie Manhattan appearance this week to launch the campaign for his company's initial public stock offering didn't induce any "likes" from Wall Streeters or fashionistas — …
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CNBC: JPMorgan Chase looking at $4.2B in losses
Thu May 10, 2012 5:17 PM EDT
Editor's note: This post has been undated with revised numbers and quotes from the CEO here. CNBC reports that JPMorgan Chase has significant mark-to-market losses. Legal losses of $4.2 billion are “reasonably possible.” Mary Thompson and Maria Bartiromo discuss the s …
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Comments & Feedback
Enough is enough! Political correctness only goes so far. If you put your finger on the pulse of mainstream America, you will find weak interest in being politically correct, these days. Who is Michelle Malkin, anyway? Judging by the effect, she must be McCarthy's granddaughter. I stopped watching Fox News a long time ago. The fact is, you can't really trust Fox. It has been known for years as the most biased and slanted news of all the networks. I, for one, am very tired of all this political correctness and when someone draws a link between Rachael Ray and Yasser Arafat, that is stretching the paranoid imagination just a little too far. As a psychotherapist, the ability to link a simple scarf with terrorism, as if Rachael Ray were sending secret signals to Muslim extremists, is a real red flag. We can ill afford to have anyone with paranoid delusions influencing any segment of American society.
ARS Silver City, NM— Al Sricy
More proof that America has turned being Fat & Stupid into an art form.
If ignorance is bliss, then the U.S. is currently in the throes of a years-long sustained orgasm.
Funny how the only "terror" America experiences as of late comes from Washington and the media. Maybe Al Qaeda(sp?) no longer tries anything here because it is so obvious their mission has already been accomplished.
Some one drop me a line when and if anyone anywhere at anytime wakes up and really takes a hard look at the life we all live here in the U.S., I could really use a friend.
Way to go Rob! Way to represent the bizpod.
— Al Olson
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Rob Neill
StaffMember Since: 2/2008Last Seen: 5/17/2012
Msnbc.com producer who has worked on sports, entertainment, travel, news, cover and now the business desk. Yes, I realize I may have trouble keeping a …
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