Loading......

MSNBC Business News


Market's decline may continue this week

Sun, 20 May 2012 16:50:20 GMT

Normally, a big decline would set stocks up for a technical rebound. But that may not be the case next week, even after the market posted its worst weekly loss for the year. 

Slideshow: What home buyers can get for $400,000

Sun, 20 May 2012 22:25:20 GMT

Each week, TODAY real estate expert Barbara Corcoran looks around the U.S. to see what home buyers can get for their money. Each week, TODAY real estate expert Barbara Corcoran looks around the U.S. to see what home buyers can get for their money.

Price of gasoline drops 6 cents in the past 2 weeks

Sun, 20 May 2012 18:53:57 GMT

The average price for a gallon of regular gasoline in the United States fell 6.2 cents to $3.78 in the last two weeks due to a drop in crude oil prices, partly on concerns about Europe's economy, according to the nationwide Lundberg Survey.

Facebook's nice-to-have problem: All that money

Sun, 20 May 2012 16:50:20 GMT

Last month, Mark Zuckerberg unilaterally decided to shell out $1 billion for Instagram, a social network based on mobile photos. As of Friday, Facebook's CEO Mark Zuckerberg now has even more money to throw around.Last month, Mark Zuckerberg unilaterally decided to shell out $1 billion for Instagram, a social network based on mobile photos. As of Friday, Facebook's CEO Mark Zuckerberg now has even more money to throw around.

Nasdaq 'embarrassed' about Facebook delay

Sun, 20 May 2012 23:48:06 GMT

The CEO of the Nasdaq stock exchange says it is "humbly embarrassed" by its bungling of Facebook's hugely anticipated debut as a public company on Friday.

Yahoo may be close to selling share in Alibaba

Sun, 20 May 2012 21:45:44 GMT

Yahoo Inc. may finally be nearing a deal to sell half of its prized stake in the major Chinese e-commerce provider Alibaba.

Barron's: Facebook shares could fall below IPO price

Sun, 20 May 2012 17:19:24 GMT

Shares in social media company Facebook Inc could fall below the initial public offering price of $38, Barron's wrote in its May 21 edition.

'Avengers' sinks 'Battleship' at box office

Sun, 20 May 2012 17:52:23 GMT

Superhero movie "The Avengers" topped U.S. and Canadian box office charts for a third straight weekend with $55.1 million, sending action movie "Battleship" into second place and toppling comedy "The Dictator," according to studio estimates on Sunday.Superhero movie "The Avengers" topped U.S. and Canadian box office charts for a third straight weekend with $55.1 million, sending action movie "Battleship" into second place and toppling comedy "The Dictator," according to studio estimates on Sunday.

Facebook's IPO fails to live up to the hype

Fri, 18 May 2012 21:05:51 GMT

After jumping more than 10 percent at the start of trading, shares of the social network pulled back in their debut on the Nasdaq stock market Friday to gain a mere 23 cents a share.After jumping more than 10 percent at the start of trading, shares of the social network pulled back in their debut on the Nasdaq stock market Friday to gain a mere 23 cents a share.

Facebook's Zuckerberg marries sweetheart

Sun, 20 May 2012 18:38:09 GMT

Facebook founder and CEO Mark Zuckerberg updated his status to "married" on Saturday, wedding longtime girlfriend, Priscilla Chan.

NYT: Silicon Valley riches kept on the down low

Fri, 18 May 2012 12:54:29 GMT

VeloTech cycles in Palo Alto, Calif., is one of the places where technology millionaires go to buy high-end bicycles. The store is owned by Mark Richard, right.Make no mistake. In this, Silicon Valley’s gilded age, money is chasing money. You just have to know where to look to see it.

Facebook IPO volume = headaches for Nasdaq

Fri, 18 May 2012 19:55:07 GMT

The weight of Facebook's popularity seemed to bog down the Nasdaq in the initial minutes of the social network's debut trading.

Here's who is getting rich off Facebook's IPO

Fri, 18 May 2012 15:20:04 GMT

When Facebook priced its initial public offering Thursday, the event created hundreds of instant millionaires and a few billionaires. Topping the list, of course, is founder and CEO Mark Zuckerberg, who sold $1.1 billion worth of shares and saw his remaining stake valued at $19.

Stock market falls as Facebook makes shaky debut

Fri, 18 May 2012 20:03:16 GMT

Stocks fell on Friday as Facebook made a shaky debut and finished its first day of trading little changed from its IPO price. Broad market indexes were sharply lower as turned cautious before leaders of the Group of Eight nations met to dicsuss the eurozone debt crisis.

7-Eleven serving up diet Slurpees for the first time

Fri, 18 May 2012 18:55:56 GMT

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. 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.

GM won't advertise on next Super Bowl

Fri, 18 May 2012 20:22:45 GMT

General Motors does not plan to run ads on the next Super Bowl as it revamps its global marketing operations to cut about $2 billion from its budget.

Facebook CEO Zuckerberg opens trading at Nasdaq

Fri, 18 May 2012 13:32:42 GMT

Facebook’s founder and CEO Mark Zuckerberg rang the opening bell at the Nasdaq stock market Friday, signaling the start of share dealing in the U.S.

Record-breaking $90 million penthouse sale in N.Y.

Fri, 18 May 2012 19:58:42 GMT

What real estate downturn? A two-level penthouse with sweeping views of Central Park just sold for more than $90 million — a record price for New York, according to the New York Times.What real estate downturn? A two-level penthouse with sweeping views of Central Park just sold for more than $90 million — a record price for New York, according to the New York Times.

Getting older and going, or going back, to work

Fri, 18 May 2012 11:20:28 GMT

The tough job market has been so hard on some Americans that they have dropped out of the running altogether. But here’s a surprising twist: Generally, that’s not been true of older Americans.The tough job market has been so hard on some Americans that they have dropped out of the running altogether. But here’s a surprising twist: Generally, that’s not been true of older Americans.

Cities where jobs in manufacturing pay the most

Fri, 18 May 2012 11:36:14 GMT

Not all manufacturing jobs are created equal -- and certainly not manufacturing pay. According to a new study released by Brookings’ Metropolitan Policy Program, manufacturing wages differ widely between large cities.Not all manufacturing jobs are created equal -- and certainly not manufacturing pay. According to a new study released by Brookings’ Metropolitan Policy Program, manufacturing wages differ widely between large cities.

How Facebook is friendly to its employees

Fri, 18 May 2012 16:50:23 GMT

If you just bought shares in Facebook or are considering doing so, you probably want to know what the company is doing to keep its employees happy.

Celebrity Real Estate: Seacrest and Ellen deal

Fri, 18 May 2012 18:59:51 GMT

The big real estate news in celebrity circles? Ellen DeGeneres finally sold her home, selling it to fellow star Ryan Seacrest, and Jennifer Aniston and Justin Theroux are renting in Beverly Hills while their modern home is renovated.The big real estate news in celebrity circles? Ellen DeGeneres finally sold her home, selling it to fellow star Ryan Seacrest, and Jennifer Aniston and Justin Theroux are renting in Beverly Hills while their modern home is renovated.