News

Facebook stock jumps in public debut

Business -- Facebook is about to find out just how much status updates, puppy photos and billions of "likes" are worth on Wall Street ...

Facebook set to price initial public offering

Facebook says it has priced its initial public offering of stock at $38 per share. That's the high end of its expected range of $34 to $38. It means investor demand is strong for the world's largest online social network.

Iran's parliament approves $462 billion budget

Iran's parliament has approved $462 billion budget bill for the current Iranian year, which ends March 2013.

Oil rises to above $93 as traders mull Europe

Oil prices rose slightly to above $93 a barrel Thursday in Asia as traders mulled whether concern over Europe's debt crisis justifies extending a sharp two-week sell-off.

Markets drop as Greece heads to another election

Markets slid on the news Tuesday that coalition government talks in Greece have failed after nine days of discussions, meaning the country is heading for another election next month.

Europe's debt crisis weighs on Commerzbank's Q1

Reduced income from trading and commissions due to Europe's debt crisis weighed on earnings at Germany's Commerbank, which saw net profit fall sharply to ?369 million (?480 million) in the first quarter.

China to begin deep water drilling in disputed sea

China's first deep water oil drill is ready to start production in the South China Sea amid an ongoing standoff with the Philippines in another section of the contested waters.