Tweet NEW YORK/SAN FRANCISCO (Reuters) – Facebook Inc has increased the price range in Silicon Valley’s biggest-ever initial public offering to raise more than $12 billion, giving the No.1 social network a valuation potentially exceeding $100 billion. Originally posted here: Facebook hikes IPO range to raise $12.1 billion  Read More →

Tweet FRANKFURT, Germany (AP) — Market concerns over the European economy are showing signs of growing after a closely-watched survey of German investors recorded a sharp drop in sentiment after five straight months of increases…. See the original post: Germany economy grows strong 0.5 percent in Q1  Read More →

Tweet BRUSSELS (AP) — European Union finance ministers are to meet in in Brussels Tuesday to hammer out an agreement over how high banks should build their defenses against future financial shocks, with the U.K. running the risk of being isolated over who should set the height…. View post: EU finance ministers haggle over bank rules  Read More →

Tweet BEIJING (AP) — Gao Runping, who makes mechanical components for the oil industry, founded his business in the central city of Taiyuan with equipment bought from failing companies after the 2008 global crisis…. Link: China faces pressure to reverse economic slump  Read More →

Tweet Half of Americans think Facebook is a passing fad, according to the results of a new Associated Press-CNBC poll. And, in the run-up to the social network’s initial public offering of stock, half of Americans also say the social network’s expected asking price is too high…. Visit link: Poll: Half of Americans call Facebook... 

Tweet NEW YORK (AP) — Improvements in customer satisfaction at Sprint Nextel Corp. and AT&T Inc. have narrowed differences among the Big 4 wireless carriers to the point that they’re basically even in terms of pleasing their subscribers, according to a study released Tuesday…. See the article here: Study: Phone co customer... 

Tweet (Reuters) – Fragrance company Coty Inc withdrew its $10.7 billion takeover bid for Avon Products Inc on Monday evening, saying the world’s largest cosmetics direct seller had missed a deadline to start discussing a deal that Coty first proposed in March. More here: Coty withdraws $10.7 billion offer to buy Avon  Read More →

Tweet NEW YORK (AP) — JPMorgan Chase CEO Jamie Dimon owned up to stock analysts and went on TV to accept blame for a $2 billion trading mistake. Next he faces shareholders, who are considerably less wealthy since the blunder was disclosed…. Read more: No sign of shareholder revolt against Dimon  Read More →

Tweet SAN FRANCISCO (Reuters) – Groupon Inc posted its first quarterly profit by reining in marketing spending and signing up more customers and merchants, sending its stock about 18 percent higher. Follow this link: Groupon makes first profit, shares surge  Read More →

Tweet MCLEAN, Va. (AP) — Gannett Co. has named media industry veteran Larry Kramer as USA Today’s new president and publisher…. Here is the original post: Larry Kramer named publisher of USA Today  Read More →