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Shares of Facebook (Nasdaq: FB), the No. 1 social network, rose $1.03 to close at $33.03 on Thursday. A week ago, they were priced at $38 for the IPO.

Facebook (Nasdaq: FB), the No. 1 social network, didn?t just set records for enriching inside investors like CEO Mark Zuckerberg, COO Sheryl Sandberg, Accel Partners and Digital Sky Technologies. Underwriters fared very well.

American International Group Inc. (NYSE: AIG) was partially rebuffed in its effort to get $10 billion out of Bank of America Corp. (NYSE: BAC) Wednesday, as a Los Angeles U.S. district judge dismissed some of the New York re-insurer's claims in its securities lawsuit against the giant Charlotte, North Carolina- bank.

This week's economic calendar is relatively light in the U.S. with the releases of existing home sales, durable goods orders, and the University of Michigan consumer confidence survey. Attention will likely focus on data out of Europe. Euro zone PMIs, Germany IFO survey, and first-quarter gross domestic product data for the U.K. will be released.

MTV will change the airtime for its Video Music Awards show in September to avoid a conflict with President Barack Obama, who will be delivering his acceptance speech for the Democratic presidential nomination the same night.

The annual shareholder's meeting Tuesday of JPMorgan Chase & Co. (NYSE: JPM), widely expected to feature fiery denunciations of leaders at the nation's biggest bank, could hardly have been quieter or more management-friendly.

Consumer prices in the U.S. were flat in April amid signs that a spike in gasoline costs was ebbing, according to government statistics released on Tuesday, supporting the Federal Reserve's view that the jump in fuel costs is only temporary.

A federal judge in New York on Monday refused to delay the approval process for a controversial $20 million settlement between Bank of America Corp directors and shareholders who accused the bank of overpaying for Merrill Lynch & Co.

The main event this week is April?s retail sales report, which could see some payback after the unseasonably warm weather boosted March?s results. In Europe, investors will get a look at how the region?s economies fared in the first quarter.

Ally Financial Inc's Residential Capital unit is nearing a bankruptcy filing, sources familiar with the situation said on Sunday, in a move that could help the taxpayer-owned auto lender to shed its troubled mortgage business but also spur drawn-out legal fights.

Ally Financial Inc's Residential Capital unit is nearing a bankruptcy filing, sources familiar with the situation said on Sunday, in a move that could help the taxpayer-owned auto lender shed its troubled mortgage business but also spur drawn-out legal fights.

When Mass Effect 3, developed by Bioware and distributed by Electronic Arts Inc. (Nasdaq: EA), was released in early March, gamers were surprised to learn From Ashes, a downloadable content, or DLC, package was available for an additional $20, a move the company made strictly for financial reasons.

Since hitting 52-week lows last October, U.S. financial-sector stocks have staged a strong comeback -- rising some 34 percent. Despite this uptick, they still look like bargains, at first blush.

The LinkedIn Corp. (NYSE: LNKD), the business-related social-networking company, considered buying online job-listings provider Monster Worldwide Inc. (NYSE: MWW), but decided against the purchase, according to Reuters. Meanwhile, the private-equity firm Silver Lake Partners continues to have interest.

Stock index futures fell on Friday and were on track to extend the week's losses after JPMorgan Chase & Co revealed a shocking trading loss of at least $2 billion from a failed hedging strategy.

Stock index futures fell sharply on Thursday evening as JPMorgan Chase & Co stunned investors with news that its chief investment office had incurred significant mark-to-market losses that it said could easily get worse.

JPMorgan Chase & Co. (NYSE:JPM), the largest and most profitable U.S. bank, will launch a reloadable prepaid card in its 5,541 branches this summer, aiming to attract new customers and recoup fees it has lost under recent regulatory changes.

Demonstrators are expected to swarm Bank of America Corp's annual shareholder meeting on Wednesday to voice anger over a range of issues from foreclosures to corporate taxes to financing for the coal industry.

Drama, drama, drama. The gowns that stood out the most at the 2012 Met Gala at New York City's Metropolitan Museum of Art Costume Institute Benefit certainly brought the most drama. From trailing trains and see-through lace to feathers and layers upon layers of tulle, the most dramatic gowns of the night proved to be the most stunning. Check out photos of Beyonce, Florence Welch, Cate Blanchett and more.

Highlighting the economic data this week -- May 7-11 -- are the March trade-balance figures to be released Thursday. Economists expect the U.S. trade deficit to widen after its sharp narrowing in February.

European Union finance ministers failed Thursday to hammer out new global banking regulations, highlighting the resistance regulators on both sides of the Atlantic face as they push for tougher banking rules to ensure banks won't spark another great recession, as they did in 2008.

Now approaching three months after ?Mass Effect 3? was officially released, it seems concerns about the less-than-satisfying ending have begun to quiet down. Fans have made their opinion known to developer BioWare through various movements, such as the delivery of over 400 cupcakes to the office located in Edmonton, Alberta.

Activists aligned with the Occupy Wall Street movement in New York ended a day of mass street protest Tuesday by being chased out of a public plaza in Lower Manhattan by the police, in an anti-climactic conclusion to what otherwise seemed to have been a successful day for the visibility of their cause.

After passing heart tests conducted at The Mayo Clinic in Rochester, Minn., Gregg Allman will begin his postponed book tour, followed by a summer tour with the Allman Brothers Band

Thousands of agitated protestors took to the streets banging drums, waving flags and placards on May Day, popularly known as Labor Day, all over the world on Tuesday.

In spite of organizers providing free coffee and bagels, planned May Day demonstrations across New York convened by the loosely organized movement against social and economic inequality known as Occupy Wall Street got off to a wet, slow, sleepy start. Much like the day itself, however, the street actions began warming up into the late afternoon and, by lunchtime, seemed to be close to going into full swing.

Bank of America Corp., the second-largest U.S. bank by assets, will dismiss about 2,000 employees, many of whom earn high salaries, in its investment banking, commercial banking and non-U.S. wealth-management units, according to the Wall Street Journal.

Investors might be in for another week of gloomy economic news. The U.S. nonfarm payrolls report, Institute for Supply Management data, and the European Central Bank's monthly policy meeting are key items on the economic calendar from April 30 to May 4.

Starbucks Corporation (Nasdaq: SBUX), the world's largest coffee shop chain, said Thursday its fiscal second-quarter profit jumped 18.5 percent on rising sales at stores open at least one year and higher efficiency.