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Facebook Falls Again: 3 Week Loss Is $48 Billion

Shares of Facebook (Nasdaq: FB), the No. 1 social networking site, fell nearly 2 percent on Thursday, exactly three weeks after the company took in $16 billion in its initial public offering.

Rumored iPhone 5 Features: Apple Building Thinner, Superior Cameras [REPORT]

Apple iPhone 5: Major Features, Specs, Schematics Released By Repair Site [REPORT]

Little by little, we've been piecing together the puzzle known as the iPhone 5. We already have a pretty good idea of what the iPhone 5 will look like, but we are still largely uncertain what will be inside the phone. According to a research note, Apple will make significant improvements to the entire camera infrastructure in the iPhone 5, all while decreasing the overall thickness of the phone.

Why Has US Manufacturing Productivity Surged This Year: It?s The Software, Stupid!

U.S. manufacturing productivity surged 5.4 percent in the first quarter, the most since last year?s third quarter, even as overall productivity eased about 1 percent, the U.S. Department of Labor said.

Is Facebook Boring? 34 Percent Of Users Say 'Yes,' Spend Less Time On Social Network

Is Facebook boring? For 34 percent of users of the social network polled by Reuters and Ipsos, the answer is a resounding, yes.

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Bernanke takes his seat to testify about monetary policy before the House Financial Services on Capitol Hill in Washington

Stocks Rise After China Rate Cut, Dip On Bernanke Noncommitment

Global stocks rose Thursday after China unexpectedly cut its interest rate and continued rising even after Federal Reserve Chairman Ben Bernanke declined to commit to more economic intervention to boost the U.S. economy.

A general view of Spyker Cars Saab factory in Trollhattan

Saab Sold For One-Third Of What GM Valued It At

Sino-Japanese joint venture National Electric Vehicle Sweden AB (NEVS) has paid a paltry 1.5 billion to 1.8 billion kronor ($210 to $250 million) for defunct Swedish carmaker Saab Automobile AB.

Fitch Cuts Spain's Credit Rating; Euro Falls

Fitch Ratings on Friday downgraded Spain's long-term sovereign credit rating from A to BBB, just one notch from junk grade because of the increasing estimated cost of fixing the country's banking system from 3 percent of GDP to as much as 9 percent, or ?100 billion ($126 billion).

Space Shuttle Enterprise Docks At New York?s Intrepid Museum: How & When You Can See It

Space shuttle Enterprise took its final journey Wednesday to its retirement home on a floating museum off the western edge of New York City and you can check it out in person in just over a month's time.

Gold Prices Fall, Ending Six-Day Rally

The price of gold on the New York Mercantile Exchange fell by more than 2 percent on Thursday, ending six days of consecutive price increases so far this month.

Apple Extends Pre-paid iPhone Push Adding Virgin Mobile

Apple (Nasdaq: AAPL), the world's most valuable technology company, extended its push into the pre-paid mobile market by adding Virgin Mobile USA, which will sell the device for between $30 and $50 a month.

WWDC 2012 Preview: Apple Expected To Update Every Mac; What About iPhone?

We're just four days away from the start of the 2012 Worldwide Developers Conference (WWDC) in San Francisco, which is expected to be one of the biggest Apple events of the year. A new report says that Apple will introduce as many as 14 new Mac models at WWDC, including desktop computers (iMac and Mac Pro) and laptops (MacBook Pro and MacBook Air), among other products.

From Merkozy to Camkel: How David Cameron Humbled Germany?s Merkel

British Prime Minister David Cameron has become the latest leader to challenge, and ultimately humble, the Iron Chancellor.

Best Buy Founder And Chairman Richard Schulze Resigns

Richard Schulze, the founder and largest shareholder of Best Buy Co. (NYSE: BBY), the biggest U.S. electronics chain store, told the company's board Thursday he is resigning, effectively immediately. A reason for the abrupt departure was not publicly disclosed.

India To Spend $1 Trillion Building Roads, Ports To Get Moribund Economy Buzzing Again

Singh wants the Indian economy to be humming along at 9 percent annual growth again.

Norway Will Help Britain Keep The Lights On And The Factories Humming

A new partnership agreement between the United Kingdom and Norway will strengthen the energy connection between the two countries, said UK Prime Minster David Cameron on Wednesday

Wall Street extends surge on China's surprise rate cut

Stocks jumped at the open on Thursday after China's central bank cut bank lending and deposit rates, fueling hopes of simultaneous action to aid a flagging global economy.

Investment Opportunities In The World's Newest Obscure Acronym, CIVETS

In 2009, the Economist Intelligence Unit devised an acronym for six emerging countries, CIVETS, which includes Colombia, Indonesia, Vietnam, Egypt, Turkey and South Africa. These countries were categorized as the six countries with the best chance of high, long-term growth.

The Bank of Italy building is seen downtown Milan

Italian Banks Primed To Blow Up

Italian banks appear close to joining Spanish banks as the euro zone's latest contribution to the financial world's endangered species list.

LinkedIn Shares Rise Despite Security Breach

Shares of LinkedIn Corp. (Nasdaq: LNKD), one of the top professional social network sites, rose as much as 1 percent in early trading despite reports of security breaches of member passwords.

NYC Properties At High Risk of Hurricane Losses

When people think of hurricane damage they usually think of Miami or New Orleans, but a new report suggests the greatest financial risk of all may be much farther north: the greater New York City area.

Samsung Galaxy S3 Sales Could Be Banned In US If Apple Wins Latest Lawsuit Over Violating Siri Patent

At a time when consumers in the United States are eagerly waiting for Samsung to start shipping of its latest flagship smartphone, Galaxy S3, the South Korean conglomerate has confronted a serious hitch that could end up delaying the availability of the device in the country.

Pre-Market Movers (Lincoln National, SINA Corp, Morgan Stanley, Bank of America, Baidu, Nokia, Royal Bank of Scotland)

Among the companies whose shares are moving in pre-market trading Thursday are: Lincoln National Corp, SINA Corp, Las Vegas Sands, Baidu.com, Bank of America, Royal Bank of Scotland, Morgan Stanley and Nokia Corp.

Investors Withdraw $370 Million From India-Focused Funds In May

The outflow from India-focused funds reached an alarming rate in May amid concerns about the sharp fall of the Indian rupee against the dollar and sluggish policy reforms from the government, according to a report.

A 2012 Toyota Camry production car seen from the side.

Win On Sunday, Sell On Monday: The Theory Behind NASCAR's Big Racecar Redesign [PHOTOS]

NASCAR fans are car fans, and the racing league and manufacturers like Toyota that compete in the Spring Cup Series are betting that some design tweaks can energize that fandom as well as dealership sales.

Hong Kong Shares Gain On Easing Hopes, China Down

Hong Kong shares advanced Thursday, following solid gains on Wall Street overnight on hopes that major central banks including the US Federal Reserve might act to tackle deteriorating global economic conditions.

Traders work on the floor of the New York Stock Exchange

US Stock Futures Point To Slightly Higher Opening Thursday

Futures on major U.S. indices point to a slightly higher opening Thursday ahead of the report on weekly jobless claims and Fed Chairman Ben Bernanke?s congressional testimony.

An investor reads a newspaper with a magnifying glass in front of an electronic board showing stock information at a brokerage house in Huaibei, Anhui province April 5, 2012.

Asian Markets Rise On US, European Stimulus Hopes

Asian markets rose Thursday amid hopes that the U.S. Fed would announce another round of monetary easing and European policy makers would take concrete measures to tackle the debt crisis looming over the euro zone.

Federal Judge Strikes Down NDAA Detention Powers

The government may not invoke the bitterly debated National Defense Authorization Act to hold people in indefinite military detention on suspicion that they ?substantially supported? terrorism, a federal judge ruled.

Spain Plans High-Stakes Bond Sale

Spain will attempt Thursday to sell as much as 2 billion euros ($2.5 billion) of bonds at interest rates expected to be dangerously high.

Taco Bell?s New Menu Items Still South Of The Border, But High On The ?Gourmet?

Taco Bell?s new, ?upscale? menu items will give the 2 a.m. crowd a bit more ?gourmet? to go with its munchies. The chain restaurant will unleash its new ?Cantina Bell? menu on July 5, featuring new items that include ingredients such as Citrus and Herb Marinated Chicken and Cilantro Rice.

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