NEW YORK (AP) - Facebook's stock fell to $19 for the first time on Friday, losing half its market value since the company's initial public offering in May. The stock dipped 87 cents, or 4 percent, to briefly hit $19, just minutes before it closed the trading day at $19.05. Facebook's shares ended the week down nearly 13 percent. <p style="line-height: 18pt; ...
SAN FRANCISCO (AP) - Groupon's stock hit another low, days after the online deals company issued a lackluster quarterly report. Groupon Inc. fell 32 cents, or 6 percent, to close Thursday at $5. Earlier it hit $4.97, its lowest level since its initial public offering in November. The stock's IPO price was $20, so it has lost 75 percent of its value. ...
RICHMOND (AP) - Nine people have sued Chevron Corp. over a California refinery fire that sent thousands to hospitals with respiratory issues and contributed to higher gasoline prices on the West Coast. The lawsuit filed Wednesday in Contra Costa County Superior Court claims Chevron was grossly negligent in its handling of refinery maintenance as well as emergency response to the blaze in ...
NEW YORK (AP) - With another six Olympic medals around his neck, swimmer Michael Phelps is once again touting the breakfast of champions. General Mills Inc. on Thursday unveiled limited-edition boxes of its Wheaties cereal featuring Phelps, who now holds a record 22 Olympic medals. Phelps was last featured on the box after the 2004 Olympics. After the ...
MINNEAPOLIS (AP) - Target Corp. raised its full-year profit projection Wednesday after the cheap-chic discounter reported better-than-expected second-quarter revenue that showed healthy spending in food, beauty, fashion and other items.
SEATTLE (AP) - For farmers, business owners and government officials up and down the West Coast, Washington's bridge collapse on Interstate 5 represents much more than a close brush with tragedy. As much as $20 billion in freight travels to and from Canada and along the busy north-south corridor each year.
PYONGYANG, North Korea (AP) - North Korea relaxed state control of salaries last month, a government economist said, outlining a change in policy intended to boost production by giving companies latitude to provide workers with financial incentives.