- Skechers to Pay $40 Million Over Butt Toning Claims, Ads
Skechers advertised that its toning shoes would help people lose weight, build muscle and get in shape without going to the gym, claims that will now cost the company millions of dollars.
- Facebook Staff Plans IPO 'Hackathon'
It’s going to be a sleepover at Facebook the night before the big IPO. This is how Facebook describes a “hackathon”: “Hackathons are a big tradition at Facebook. They serve as the foundation for some great (and not so great) ideas. It gives our employees...
- Facebook Stock: What Price is Too High?
At the same time the price and public clamor for Facebook's blockbuster IPO is rising, experts' expectations for the company's performance are in decline.
- Facebook: Past Tech IPOs Show There are No Guarantees
Before you get too excited about Facebook's initial public offering on Friday, remember that technology IPOs aren't always a long-term investor's best friend.
- Facebook's IPO, From an Adman's Perspective
It is just days before Facebook's scheduled May 18th IPO. By many accounts the IPO will be a $100+ billion dollar success, minting a sub-way car full of new millionaires and an elevator full of new billionaires.
- JPMorgan Hit With Suits Over Losses
JPMorgan Chase now faces two new lawsuits from shareholders angry over the bank’s $2 billion trading loss. The suits, filed in federal court in New York, allege JPMorgan misled investors about the bets that went bad. Chief Executive Jamie Dimon has said the bank...
- Older Workers Face Unemployment
Sheila Whitelaw, from Philadelphia, is a college graduate and has managed three different non-profits as executive director. Whitelaw said one particular trait may have caused difficulty in her two-year search for a job: her age.
- Watch: Skechers to Pay Millions Over Unfounded Claims
Federal Trade Commission says ads deceived consumers about weight loss and muscle tone.
- Facebook's Zuckerberg and 9 Other Garage Geniuses
Many corporate giants had humble beginnings. As Facebook goes public, here is a list of some others that started in dorm rooms, garages, and in one case, a church crypt.
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- America's 9 Youngest CEOs
Mark Zuckerberg, CEO of Facebook, turns 28 on Monday, just four days before his company is expected to have the biggest IPO ever. Zuckerberg holds a litany of other accolades for his youthful age, including second youngest billionaire in the world -- born eight days after the holder of the no. 1 spot, Dustin Moskovitz -- and youngest CEO of a Fortune 1000 company to become public.
- The Summer Jobs Market Heats Up
Morning Business Memo Looking for a summer job? A new report out today says employers in many industries are boosting their hiring plans. “We found that 29 percent of employers say that they plan to hire temporary positions for the summer and that is the...
- Facebook IPO: If You Bought 10 Shares of …
In the coulda/woulda/shoulda category with Facebook’s upcoming IPO, here is how you might have fared with some other IPO stocks: Johnson & Johnson for $375 at its IPO price in 1944, your investment would be worth about $10 million (source: Johnson & Johnson) Apple for...
- Made in America, Please? Chinese Buy US Exports
U.S. companies large and small are finding that there is money to be made in China if they can get their products over there.
- Jamie Dimon Defends JPMorgan
Despite running a bank with a highly publicized $2 billion trading loss, JP Morgan CEO Jamie Dimon still has the support of the company's stockholders, at least according to the annual shareholders meeting during which 91.5 percent of shareholders voted to approve his multi-million pay package.
- Watch: Documents You Need to Keep
Susan Solovic explains which ones and why.
- Facebook IPO for Your College Fund?
The drum beating over Facebook’s upcoming IPO has created a supercharged atmosphere where investors are clamoring for a piece of the action. Take Jim Supple. He’s already tried to buy the stock in advance of the IPO, so far without success. Supple has a job in finance...
- Watch: Attitudes About Home Ownership
Dr. Robi Ludwig explains how the downturn changed our thinking.
- JPMorgan Investors OK Dimon Pay
During JPMorgan Chase’s annual shareholder meeting in Tampa today a contrite CEO Jamie Dimon addressed the bank’s massive $2 billion trading loss, saying “I cannot justify it” and “all corrective action will be taken.” Dimon, however, avoided a shareholder rebuke. His multi-million dollar pay package and...