Business

1:14pm

Mon January 30, 2012
All Tech Considered

Facebook IPO: Worth The Price Or Next Internet Bubble?

Originally published on Mon January 30, 2012 10:02 pm

Facebook co-founder and CEO Mark Zuckerberg at Facebook headquarters in Palo Alto, Calif., in 2007. The company is expected to file papers for an initial public offering this week.
Paul Sakuma AP

Many investors are expecting Facebook to file papers for an initial public offering sometime later this week. The company, which was founded in a Harvard dorm room less than a decade ago, is expected to be valued at nearly $100 billion by Wall Street.

And if these early reports are true this is shaping up to be the biggest Internet IPO ever.

Read more

10:54am

Mon January 30, 2012
The Two-Way

At E.U. Meeting, Countries Expected To Agree That Austerity Is Not Enough

In this photo provided by the German Government Press Office, Italy's Prime Minister Mario Monti, France's President Nicolas Sarkozy and Germany's Chancellor Angela Merkel speak at a meeting at the European Council in Brussels ahead of the European Union leaders summit on Monday.
Getty Images

European Union leaders are meeting in Brussels today to discuss the monetary union's ongoing economic crisis. According to The New York Times, the countries will decide that austerity is not enough to curb the sovereign debt crisis.

The Times reports:

Read more

8:37am

Mon January 30, 2012
The Two-Way

Megaupload Users May Lose Files Stored On Service

Originally published on Mon January 30, 2012 8:41 am

Megaupload founder Kim Dotcom at a North Shore court in Auckland. Dotcom was denied bail in New Zealand with a judge saying he was concerned the Internet tycoon's vast wealth meant he could flee the country if released from custody.
AFP/Getty Images

Many of the files stored by the millions of users of the cloud service Megaupload could begin losing their files on Thursday. The AP reports that federal prosecutors said Megaupload paid third parties to store data and now that authorities have freezed Megaupload's accounts, it can no longer pay those providers. The providers said they would begin deleting files as early as Thursday.

Read more

6:44am

Mon January 30, 2012
The Two-Way

In December, Personal Income Saw Biggest Gain In 9 Months

Originally published on Mon January 30, 2012 6:45 am

In December, personal income climbed 0.5 percent, while disposable income rose 0.4 percent. New figures released today from the Commerce Department also show that consumer spending was flat, increasing 0.1 percent from the month before.

While the AP reports that rise in income was the most in nine months, the news is a mixed bag.

Read more

3:01am

Mon January 30, 2012
Your Money

Freddie Mac Betting Against Struggling Homeowners

Originally published on Thu March 27, 2014 7:53 am

One of Freddie Mac's restrictions blocks people who have a short sale in their past from refinancing for two to four years following the short sale.
Rich Pedroncelli AP

Freddie Mac, a taxpayer-owned mortgage company, is supposed to make homeownership easier. One thing that makes owning a home more affordable is getting a cheaper mortgage.

But Freddie Mac has invested billions of dollars betting that U.S. homeowners won't be able to refinance their mortgages at today's lower rates, according to an investigation by NPR and ProPublica, an independent, nonprofit newsroom.

Read more

Pages