Authors: Carmen Cox
EMMANUEL DUNAND/AFP/GettyImages(NEW YORK) -- Wall Street analysts gave Facebook a lukewarm reception on the first day they were allowed to publicly issue their views of the company's stock.
Nearly six weeks after Facebook's flop of an IPO, at least 17 firms revealed a mostly tepid assessment of the social-network giant's shares...
Authors: Carmen Cox
Rick Maiman/Bloomberg News(NEW YORK) -- The brother of con man Bernie Madoff will plead guilty Friday morning to conspiracy to commit securities fraud and falsifying records for his alleged role in his brother's multibillion-dollar Ponzi scheme, prosecutors said Wednesday, and will serve 10 years in federal prison.
Peter Madoff,...
Authors: Carmen Cox
iStockphoto/Thinkstock(NEW YORK) -- Stocks closed higher with a second straight day of gains Wednesday on some welcome economic news about pending home sales and factory orders.
The Dow finished at 12,626.93, adding 92 points for the session. The Nasdaq gained 21 points and closed at 2,875.32. The S&P added 12 points,...
Authors: Joshua Cohan
David Paul Morris/Bloomberg via Getty Images (SAN FRANCISCO) -- Google executives took the stage today at the company's annual Google I/O developers conference to announce their newest Android products, including the Nexus 7 Tablet, a new $199 Android tablet built in partnership with Asus to run the latest version of Google's...
Authors: Jeanette Torres
Bruno Vincent/Getty Images(NEW YORK) -- Regulators in the U.S. and U.K. have reached a settlement with Barclays, the world’s third largest bank, over allegations that it tried to manipulate worldwide interest rates for its own financial gain, ABC News has confirmed.
The U.S. Commodity Futures Trading Commission (CFTC)...
Authors: Jeanette Torres
iStockphoto/Thinkstock(NEW YORK) -- Restaurant guide Zagat has come out with its first Pizza Survey to get an idea of the pizza-eating habits of Americans.
Not surprisingly, 83 percent of the respondents told Zagat that pizza is among their favorite foods, with Americans enjoying it on an average of about once a week.
Meanwhil...
Authors: Jeanette Torres
JOHANNES EISELE/AFP/Getty Images(SAN FRANCISCO) -- Apple and Microsoft both had their turns to show off their latest software and hardware this month, and on Wednesday, it's Google's turn.
Google executives will take the stage at the annual Google I/O Developer's Conference at the Moscone Center in San Francisco, where they...
Authors: Jeanette Torres
David Paul Morris/Bloomberg via Getty Images(STOCKTON, Calif.) -- Stockton, Calif., officials announced Tuesday night that mediation with creditors failed, meaning the city of about 300,000 people is set to become the largest American city to ever declare bankruptcy.
"We think Chapter 9 protection is the only choice...
Authors: Carmen Cox
Google(SAN FRANCISCO) -- The next version of Android is coming, and like the others, it’s going to be very sweet. Google has rolled out a jelly bean statue on its front lawn at its headquarters in Mountain View, Calif., marking the arrival of the newest version of its Android operating system.
The jelly bean statue joins...
Authors: Carmen Cox
ABC News (BERLIN) -- Jettas, Beetles, Passats and…hot dogs? Since the 1970s, Volkswagen has been producing currywurst at its Wolfsburg plant butchery in Germany.
Currywurst is a type of pork sausage that is popular in Germany as a fast food item. It's served with a sauce made from ketchup or tomato paste and curry powder.
VW...
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