Nasdaq alters IPO procedures after Facebook glitch

NEW YORK- Nasdaq OMX Group Inc said on Monday it is changing its initial public offering trading procedures following glitches in Facebook Inc

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China shadow looming, Taiwan’s Ma set for 2nd term

Taiwan President Ma Ying-jeou has leveraged growing economic ties with China to reduce tensions to their lowest level since the two sides split in 1949. China’s incessant effort to draw the democratic island closer politically has been on the back burner, and as Ma’s second term begins Sunday the question is whether he can keep […]

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Chesapeake tumbles on debt snag

Shares of Chesapeake Energy plunged late Friday after the heavily indebted firm revealed that it may be forced to delay some asset sales.
In a filing with the Securities and Exchange Commission, Chesapeake (, Fortune 500) said it may have to postpone some previously planned sales of assets, such as oil and gas wells, because […]

Why Obama can’t match the Reagan recovery

April’s jobs report was, in a word, disappointing. The economy added only 115,000 jobs. Hiring slowed. More than 340,000 workers dropped out of the labor force.
April’s report, which follows lackluster numbers for March, is particularly bad news for President Obama’s campaign staff in Chicago.
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Few expect major shifts as Fed ends policy meeting

The Federal Reserve has given the public increasingly more information about its work and its thinking. More doesn’t always mean more revealing.
Investors aren’t expected to learn much from the Fed’s latest policy statement Wednesday or from its updated economic forecasts or from Chairman Ben Bernanke’s quarterly news conference.
Most economists think all that information will confirm […]

Consumer Spending Probably Paced Growth: U.S. Economy Preview - Bloomberg

The biggest gain in consumer spending in a year probably helped the U.S. economy keep expanding in the first quarter even as fuel costs climbed, economists said before a report this week.
Gross domestic product, the value of all goods and services the nation produced, rose at a 2.5 percent annual rate after advancing 3 […]

CarrierCompare: The iPhone app your carrier doesn’t want you to see

A new app hit the iTunes store Friday morning that your carrier probably isn’t too thrilled about.
It’s called CarrierCompare. Developed by Boston-based startup SwayMarkets, it allows you to see which carrier offers the best service for your iPhone in any given location.

The crowd-sourced app is simple to use. After you touch the start screen, […]

Skittles joins food brands at center of tragedy

It could’ve been Starbursts, Twizzlers or Sour Patch Kids. But when Trayvon Martin was fatally shot, he happened to be carrying a bag of Skittles.
The 17-year-old’s death at the hands of a neighborhood watchman in February ignited nationwide protests and heated debate about racial profiling and “Stand Your Ground” laws.
For Mars Inc., the privately held […]

Military families face financial hurdles

Unemployment, debt and a troubled housing market are plaguing families across the country, but for those in the armed forces, there is an even bigger burden to bear.
Often young and required to move frequently, many military families struggle to maintain a two-income household, find affordable childcare and save for the future.

Service members […]

Egyptian parliament names constitution panel

Islamists that dominate Egypt’s new parliament looked Saturday to solidify their power over the country’s political direction as lawmakers chose a 100-member panel to draw up the country’s new constitution.
The selection process has sparked a fierce debate in Egypt. With so much at stake, a bloc of secular and liberal lawmakers boycotted Saturday’s voting by […]