Facebook plans to sell 70 million additional shares of stock -- nearly 60% of which will be sold by founder Mark Zuckerberg. The company, in a Securities and Exchange Commission filing Thursday, said it will sell 27 million shares.
If there's one point Ben Bernanke wanted to hammer home on Wednesday, it's this: The Federal Reserve is still trying to stimulate the economy, even if that stimulus flows at a slightly slower pace.
(Reuters) - Darden Restaurants Inc (DRI.N) said it would spin off or sell its floundering Red Lobster chain, bowing to pressure from hedge fund Barington Capital Group, and warned that earnings would fall more than expected this year due to weak demand.
Previously (ETSLTOTL) owned U.S. home sales declined for the third consecutive month in November to the lowest level of the year as rising mortgage rates and a limited supply of properties discouraged buyers.
... Print. * Bullion extends slide to third consecutive day * Less than $20 above key $1,180 support that marks 3-year low * Market could rally on "double bottom" -fund manager Shah * Coming up: U.S.