Facebook's IPO already oversubscribed, according to source

SAN FRANCISCO, Fri May 11, 2012 – Facebook Inc.’s record initial public offering is already oversubscribed, a source familiar with the share listing said, days after the world’s largest social network embarked on a cross-country roadshow to drum up investor enthusiasm. Despite concerns about slowing growth, a lofty valuation and signs the company is having […]

For employers, it may be a summer of whistle blowing

For some companies sponsoring 401(k) plans, the next few months may be a period of whistle blowing – with painful consequences. If these sponsors fail to comply with new federal regulations, employees may blow the whistle on them with federal regulators, potentially triggering costly fines and other sanctions and paving the way for employee lawsuits; […]

Facebook changes IPO pitch in Boston, scraps video; takes time for questions

BOSTON, Tue May 8, 2012 – Facebook Inc.’s initial public offering pitch played to some bad reviews in New York, so for its Boston audience on Tuesday, the 30-minute video was scrapped and the company took more questions from analysts and potential investors. Facebook Chief Executive Mark Zuckerberg did not attend the breakfast pitch at […]

Apparel sales stay strong in April, but Costco misses estimates

NEW YORK, Thu May 3, 2012 – Several clothing retailers, including Limited Brands Inc. and Zumiez Inc., posted better-than-expected sales in April, helping to allay fears that March’s strength came from an earlier Easter and a warm start to the spring season. But Costco Wholesale Corp. missed Wall Street estimates for the second month in […]