NEW YORK (AP) - Morgan Stanley, the lead investment bank in Facebook's troubled initial public offering, will compensate retail investors who overpaid when they bought Facebook's stock in Friday's IPO, according to a source familiar with the matter.
WASHINGTON (AP) - Food stamp recipients are ripping off the government for millions of dollars by illegally selling their benefit cards for cash - sometimes even in the open, on eBay or Craigslist - and then asking the government for replacement cards.
SAN FRANCISCO (AP) - Hewlett-Packard Co. plans to cut 27,000 jobs as the growing popularity of smartphones, the iPad and other mobile devices makes it tougher for the company to sell personal computers.
NEW YORK (AP) - Facebook's fourth day of trading as a public company saw an increase in the company's stock price and shareholder lawsuits related to the social network's botched initial public offering.
BISMARCK, N.D. (AP) - North Dakota could double its oil production by 2015 to more than 1 million barrels daily, putting it on par with Texas "if everything goes our way," the state's top oil regulator told industry and government officials Wednesday.
NEW YORK (AP) - If you were thinking of picking up a few shares of Facebook last week, when it went public at a price of $38, you might be seriously tempted now that the stock has fallen $7 in two days.