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- Greek banks strain for cash
The Greek financial system is straining hard for cash.
- Why Facebook won't start trading at the opening bell
The most hyped IPO of the year is here, but you won't be able to trade Facebook's stock right when the market opens at 9:30 on Friday.
- Moody's downgrades Spanish banks
Rating agency Moody's downgraded 16 Spanish banks on Thursday, the latest sign of distress in Europe.
- Facebook's IPO price: $38 per share
After four months of paperwork, hype and speculation, the last piece of the Facebook IPO is in place: Facebook said it has priced its IPO at $38 a share.
- U.S. slams Chinese solar panels with new tariffs
The U.S. Commerce Department announced stiff tariffs on Chinese-made solar panels Thursday, a move critics said could raise costs for consumers and further inflame trade tensions with Beijing.
- JPMorgan's Dimon to testify in Senate
JPMorgan head Jamie Dimon will appear before a Senate committee to testify about the bank's recent $2 billion trading loss, which has spurred renewed debate about financial reform since being revealed last week.
- Comcast scraps broadband cap, moves to usage-based billing
Comcast on Thursday decided to get rid of its controversial 250 gigabyte-per-month cap for its broadband customers, replacing it with a usage-based billing system.
- Pinterest raises $100 million to bolster growth
Hot social network Pinterest just landed a sizable cash infusion: The company raised $100 million in a financing round by e-commerce giant Rakuten. Existing investors Andreessen Horowitz, Bessemer Venture Partners and FirstMark Capital also participated in the round.
- Verizon ends standalone DSL service, requires landline bundle
Verizon just can't seem to stay out of hot water.
- Greece downgraded deeper into junk
The credit rating on Greece's government debt was downgraded deeper into junk bond territory on Thursday.
- Obama may tap Strategic Petroleum Reserve
Despite the recent fall in oil prices, analysts say President Obama may tap the Strategic Petroleum Reserve as sanctions on Iran take hold.
- Moody's downgrades Spanish regions
Spain got yet another slap in the face Thursday, when Moody's Investors Service downgraded four regions of the country due to their poor fiscal performance.
- Facebook IPO: No 'Beatlemania' in Europe, Asia
Facebook. Facebook. Facebook. Facebook.
- Remember theGlobe.com? Tech IPOs have a dismal track record
There are plenty of reasons to "like" Facebook, but Internet IPOs are better known for their epic flops than wild successes.
- Postal plants to shrink, 28,000 jobs at stake
The U.S. Postal Service announced on Thursday it's moving forward with a $2.1 billion cost-savings plan to consolidate postal plants over the next two years, with consolidations starting in July.
- Senate confirms Obama's Fed nominees
It's about time.
- The Facebook effect on San Francisco real estate
The Basis Point is a popular mortgage and housing blog that tracks consumer critical issues and data. It is edited by Julian Hebron, a retail mortgage lender who runs the San Francisco branches of RPM Mortgage.
- 21-year-old Zuckerberg riffs on his "complicated" love life
Most of Mark Zuckerberg's attention right now is focused on his company's imminent IPO. But back in 2005 -- before the Oscar-nominated movie, before almost a billion people used Facebook -- Zuck grappled with a different problem: how to define his complicated love life.
- Mortgage rates hit record lows - again
Buying a home just got even cheaper as interest rates on both 30-year and 15-year-fixed-rate mortgages set record lows for the third week in a row.
- Warren Buffett buys into 'declining' newspapers
Warren Buffett's company Berkshire Hathaway announced a deal on Thursday to purchase 63 newspapers from Media General -- an industry that Buffett recently referred to as "declining."
