Market Wrap Up
Facebook says it has priced its initial public offering of stock at $38 per share. That's the high end of the expected range of $34 to $38. It means investor demand is strong for the world's largest online social network - Full Story.
Don't try to friend MaLi Arwood on Facebook. You won't find her there - Full Story.
Wal-Mart Stores Inc. reported a 10.1 percent increase in first-quarter profit that beat Wall Street estimates as its re-emphasis on low prices drove bargain-hungry U.S. shoppers into its stores. The world's largest retailer also offered an upbeat profit outlook for the current quarter - Full Story.
The Dow Jones industrial average fell for the 11th time in 12 days after a pair of discouraging U.S. economic reports came as investors worried about Greece's possible exit from euro - Full Story.
When leaders from eight of the world's biggest economies meet this weekend outside Washington, the focus will be on how to prevent Europe's debt crisis from spiraling out of control - Full Story.
Billionaire Warren Buffett's company is making another foray into U.S. newspapers, agreeing to buy 63 newspapers from Media General Inc. for $142 million - Full Story.
The Obama administration moved Thursday to impose stiff new tariffs on solar panels made in China, finding that Chinese companies are improperly flooding the U.S. market with government-subsidized products - Full Story.
Clothing seller Gap Inc. says its first-quarter net income was unchanged from a year ago as rising costs and a drop in overseas sales offset sales gains at its Old Navy, Gap and Banana Republic chains. But the results beat analyst forecasts, and the company raised its guidance for the year - Full Story.
Natural gas is no longer at decade lows, but the price remains sensitive to reports of any significant increase in supply - Full Story.
The number of Americans seeking unemployment benefits was unchanged last week, suggesting modest but steady gains in the job market - Full Story.
Economic Calendar
Updated: 5/17 4:45 PM
