SEC

Despite the determination of President Obama to take Wall Street to court for the financial crisis, prosecutors face an uphill struggle to win more convictions like the two they scored on Wednesday against former Credit Suisse Group AG mortgage traders.

Facebook filed for its initial public offering (IPO) on Wednesday, a monumental step in the short history of the company that has helped change the face of the Internet in just eight years. With 845 million users, Facebook is a global phenomenon. But which countries use it most?

Facebook aims to connect all two billion Internet users. So far it has captured 845 million of them. Of the rest, nearly 60 percent live in Asia and hooking them is going to be a daunting challenge.

As soon as news broke that Facebook was filing for its IPO, rumors spread that the public offering would create 1,000 overnight millionaires.

Facebook filed a $5 billion IPO on Wednesday, meaning that the social media giant will become a publically traded company, and anyone will be able to buy shares of Facebook starting this spring. But what is an IPO?

Photos of Sheryl Sandberg's $8 million home in Atherton, Calif.

At least a half-dozen major U.S. companies whose computers have been infiltrated by cyber criminals or international spies have not admitted to the incidents despite new guidance from securities regulators urging such disclosures.

Facebook aims to connect all two billion Internet users. So far it has captured 845 million of them. Of the rest, nearly 60 percent live in Asia and hooking them is going to be a daunting challenge.

VeriSign Inc., the company in charge of delivering people safely to more than half the world's Web sites, has been hacked repeatedly by outsiders who stole undisclosed information from the leading Internet infrastructure company.

Fans throughout the world met the SEC's decision to ban Alabama's fax cam girl tradition with sadness, but thankfully one radio station has decided to continue the tradition in its own way.

Josh Harvey-Clemons, the No. 31 player in the country according to Rivals.com, signed a letter of intent with Georgia on Wednesday over offers from Florida and Florida State.

Sen. Tom Coburn, who was one of two votes against an insider trading law aimed at lawmakers, said the real inside trading that sours Americans on Congress is the political horse trading on legislation.

UGA cheerleader Anna Watson has become an overnight sensation. Not because of her back flips or her cascading brunette locks but because of her ripped muscles. Anna Watson is not your average girl. She can bench press 155 pounds, she eats 900-calorie mass-gainer shakes and she has four inches of muscle on her biceps. Watson's muscles raised eyebrows after a photo of her flexing began circulating on the Internet.

Facebook is preparing to launch their historic initial public offering as soon as this week, with public sales of stock expected to begin in April. Facebook's IPO will be the largest ever at $10 billion; six times larger than Google's, whose IPO was $1.64 Billion in 2004.

You visit Twitter now and one of the current trends on the social networking site will give you a shock - RIP Adele. It appears that British pop singer Adele has become one of the victims of the latest round of Twitter death hoax as RIP Adele has been trending for a few hours now.

The Justice Department issued civil subpoenas to 11 financial institutions as part of a new effort to investigate misconduct in the packaging and sale of home loans to investors, Attorney General Eric Holder said on Friday.

Greenpeace alleges TransCanada's Canadian and U.S. filings demonstrates the company used 'false or misleading' job creation numbers to bolster approval for the Keystone XL pipeline.

The top aftermarket NYSE Losers Wednesday were: Guggenheim Strategic Opportunities, Covance, Varian Medical Systems, LIN TV, NRG Energy, Quantum Corp, Denbury Resources, EQT Corp, InterOil Corp and Petroquest Energy Inc.

HSBC Holdings PLC is under investigation by a U.S. Senate panel in a money-laundering inquiry, the latest step in a long-running U.S. effort to halt shadowy money flows through global banks, according to people familiar with the situation and a company securities filing.

Diamondback Capital Management will pay more than $9 million to settle allegations of insider trading at the Stamford, Connecticut-based hedge fund.

Federal authorities announced at a press conference on Wednesday that seven individuals were brought up on insider trading charges as part of a five-year investigation conducted by the Justice Department.