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After IPO, Facebook will face new profit pressures

February 3, 2012 • BusinessComments Off

This Dec. 13, 2011 file photo, shows workers inside Facebook headquarters in Menlo Park, Calif.Facebook, the social network that changed “friend” from a noun to a verb, is expected to file as early as Wednesday to sell stock on the open market. Its debut is likely to be the most talked-about initial public offering since [&hellip...

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Starwood 4Q profit falls, but tops Street’s view

February 3, 2012 • BusinessComments Off

A man hails a taxi in front of the Westin New York hotel, Wednesday, Feb. 1, 2012 in New York. Starwood Hotels & Resorts Worldwide Inc. said Thursady, Feb. 2, its fourth-quarter net income dropped 51 percent on impairment charges and other items, but its...

Dow Chemical posts 4Q loss on charge

February 3, 2012 • BusinessComments Off

FILE – In this Sept. 22, 2011 photo, Andrew Liveris, Chairman and CEO of Dow Chemical, speaks at the Clinton Global Initiative, in New York. Dow Chemical said Thursday, Feb. 2, 2012, it posted a loss in the fourth-quarter despite slightly better...

MasterCard takes $495M charge to cover fee suit

February 3, 2012 • BusinessComments Off

This Jan. 30, 2012 photo, shows four posed MasterCard credit cards, in Surfside, Fla. Payments processor MasterCard Inc. said Thursday, Feb. 2, 2012, it recorded a $495 million charge in its fourth-quarter to cover potential losses related to an ongoing...

Chrysler to add 1,800 jobs at northern Ill. plant

February 3, 2012 • BusinessComments Off

Sergio Marchionne, Chairman and CEO Chrysler Group LLC, right, talks with Illinois Gov. Pat Quinn before Marchionne announced that Chrysler will add a third shift to begin production of the 2013 Dodge Dart, Thursday, Feb. 2, 2012 at the Belvidere, Ill.,...

Solution to crumbling roads, bridges elusive

February 3, 2012 • BusinessComments Off

Transportation and Infrastructure Committee members Rep. Chip Cravaack, R-Minn., left, and Rep. Tim Walz, D-Minn., right, look to each other as Committee Chairman Rep. John Mica, R-Fla., rear, center, speaks during the committee’s markup meeting on...

American Airlines aims to cut 13,000 jobs

February 2, 2012 • BusinessComments Off

An American Airlines ground crew work an aircraft before departure at Dallas-Fort Worth International airport in Grapevine, Texas, Wednesday, Feb. 1, 2012. American Airline corporate leadership is having closed door meetings with union representatives about...

Meager Sierra snow worries CA officials, farmers

February 2, 2012 • BusinessComments Off

Frank Gehrke, chief of snow surveys for the Department of Water Resources, walks across a snow covered meadow as he conducts the snow survey near Echo Summit Calif., Wednesday, Feb. 1, 2012. Despite recent storms the survey showed the snow pack to to only...

Romney supports automatic hikes in minimum wage

February 2, 2012 • BusinessComments Off

Republican presidential candidate, former Massachusetts Gov. Mitt Romney, left, talks to reporters on his campaign plane en route from Tampa, Fla. to Minnesota and Nevada, Wednesday, Feb. 1, 2012. (AP Photo/Gerald Herbert) EAGAN, Minn. (AP) — Republican...

Small radiation amount ‘could have’ escaped plant

February 2, 2012 • BusinessComments Off

FILE – In this March 1, 2010 file photo, the San Onofre nuclear power plant, seen here in north San Diego County, Calif. Operators of the nuclear power plant worked to diagnose a problem with a reactor that was shut down because of a possible leak, but...