Topic: Company Activities and Information

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National Spelling Bee: 10 winning business words

In the National Spelling Bee’s 85-year existence, a wide range of words have crowned the winners – from science words like ‘crustaceology,’ to musical terms such as ‘soubrette,’ and ‘appoggiatura.’ The list of winning words also includes several that could slide right into the pages of this newspaper’s business section. In honor of the 2012 Scripps National Spelling Bee, here are 10 business words from past years that have determined the champion. Will this year’s winning word make the list?
Facebook IPO: Six key dates in its debacle

Facebook's first week as a publicly traded company will go down as a terribly botched corporate launch, perhaps one of the worst in recent history for such a highly visible entity. Eight days ago, it was the tech world's most highly anticipated initial public offering in eight years. Now, the social media company faces mounting legal woes and serves as an embarrassing example of how not to run an IPO. Despite rising insider pessimism about its growth prospects, Facebook kept boosting its asking price and the number of shares it would sell. The result: billions of dollars in losses; investigations by two congressional committees, the Securities and Exchange Commission (SEC), an industry watchdog, and the state of Massachusetts; at least 13 class-action lawsuits; and thousands of resentful shareholders who days later still were unsure how many Facebook shares they had or at what price. Here are six key dates in Facebook's unfolding IPO disaster.
College rankings: Which countries have the best education systems?

A new higher education ranking focuses on evaluating quality by countries as a whole, rather than specific academic institutions. Here are some of the findings:
10 best self-help books of all time

From Benjamin Franklin to Norman Vincent Pearle to Stephen Covey, here are 10 of the best self-help books ever written.
'Arrested Development': 5 other TV shows saved by fans

'Arrested Development' will get 10 new episodes on Netflix and a movie – here are 5 other TV shows fans brought back.

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National Spelling Bee: 10 winning business words

In the National Spelling Bee’s 85-year existence, a wide range of words have crowned the winners – from science words like ‘crustaceology,’ to musical terms such as ‘soubrette,’ and ‘appoggiatura.’ The list of winning words also includes several that could slide right into the pages of this newspaper’s business section. In honor of the 2012 Scripps National Spelling Bee, here are 10 business words from past years that have determined the champion. Will this year’s winning word make the list?
EU calls for "banking union" to fight debt crisis

The European Commission proposed Wednesday that such a body should oversee banks directly, sidestepping national governments.
Tax VOX
New online tool to help families maximize tax, transfer benefits

State taxes and transfers can be an important, albeit complicated form of assistance for low-income families. A new interactive calculator aims to help guide families through the process, including the options when family income increases.
The Reformed Broker
SEC won't take action against Lehman Brothers

The SEC will likely not seek action against the Lehman for the events that led up to the firm's massive bankruptcy in 2008.
Facebook IPO: Six key dates in its debacle

Facebook's first week as a publicly traded company will go down as a terribly botched corporate launch, perhaps one of the worst in recent history for such a highly visible entity. Eight days ago, it was the tech world's most highly anticipated initial public offering in eight years. Now, the social media company faces mounting legal woes and serves as an embarrassing example of how not to run an IPO. Despite rising insider pessimism about its growth prospects, Facebook kept boosting its asking price and the number of shares it would sell. The result: billions of dollars in losses; investigations by two congressional committees, the Securities and Exchange Commission (SEC), an industry watchdog, and the state of Massachusetts; at least 13 class-action lawsuits; and thousands of resentful shareholders who days later still were unsure how many Facebook shares they had or at what price. Here are six key dates in Facebook's unfolding IPO disaster.
Horizons
$75 million? Apple CEO Tim Cook says, 'No thanks'

Tim Cook, the CEO of Apple, has said he won't take the quarterly $75 million payments he would earn under a new Apple employee policy. 
Curt Schilling fires staff at video-game firm

Curt Schilling fires staff of 300 in Rhode Island, which had given a $75 million loan guarantee to the video-game company. Curt Schilling fired staff with an e-mail that thanked them for dedication but claimed an 'economic downturn' had hit the company
Stocks rally to erase steep losses

Stocks closed mixed Wednesday after a late rally erased steep losses. The Dow lost seven points to close at 12496
Stocks mixed after Greek worries resurface

After gaining for most of the day, the Dow only finished up 2 points at 12503 Tuesday, as news out of Greece yanked indexes lower shortly before the closing bell.
Big-screen blockbuster: Chinese conglomerate gobbles up AMC chain

In what some are calling a $2.6 billion prestige play, China's big fish Wanda is swallowing AMC to create the world's largest theater chain despite the steady decline in the US industry.
Houghton Mifflin Harcourt files for bankruptcy

Houghton Mifflin Harcourt, the book publishing giant, has filed for bankruptcy protection to eliminate $3.1 billion in debt. Houghton Mifflin Harcourt had been struggling with heavy debt for years.
Stock market futures rebound as G-8 meet

Stock market poised to open higher as leaders of largest economies prepare to discuss Europe's debt crisis. Facebook shares also provide stock market lift.
Facebook to debut at $104 billion

The IPO will be one of the largest in history.
Stocks fall amid discouraging economic reports

The Dow fell 156 points to close at 12442 – the index's 11th loss in 12 days – after a pair of discouraging economic reports unnerved investors already worried about a possible exit from the euro by Greece.
Greek turmoil causes US stocks to slide

The Dow lost 33 points to close at 12598, continuing its rocky performance during the month of May.
College rankings: Which countries have the best education systems?

A new higher education ranking focuses on evaluating quality by countries as a whole, rather than specific academic institutions. Here are some of the findings:
Stocks fall; Dow continues two-week slide

The Dow lost 63 points to close at 12632 Tuesday as Europe's latest political impasse cast a gloom over financial markets.
LightSquared, bankrupt, still aims to launch wireless network

LightSquared has filed for bankruptcy protection, saying that will give it more time to win regulatory approval. Regulators have blocked LightSquared's plans, saying they could interfere with GPS signals.
Groupon stock jumps as earnings beat expectations

Groupon stock soared after first quarter earnings were better than analysts predicted. Groupon stock shot up nearly 18 percent in after hours trading.
JPMorgan Chase shareholders to confront CEO Dimon

The nation's largest bank holds its annual meeting Tuesday in Tampa, Florida, where it's expected that some shareholders will ask Jamie Dimon to divest himself of one of his twin roles.
Modern Parenthood
Jessica Simpson: New maternity clothing line to show off baby bumps.

Jessica Simpson says her a 'vintage '70s' maternity clothing line is for moms to proudly show off their "baby bumps." Indeed.
Chesapeake Energy: Carl Icahn as investor? Sure!

Chesapeake Energy CEO says he would welcome the activist investor who often calls for change in management. Shares of Chesapeake Energy have plunged nearly 40 percent in less than two months.
Rebekah Brooks discusses links to British PM Cameron in phone hacking inquiry

Rebekah Brooks, former CEO of Rupert Murdoch's News International, talked about her relationship with British Prime Minister David Cameron and former prime minister Tony Blair in testimony Friday before the Leveson inquiry.
Sony stock slides as entertainment giant suffers huge earnings loss

Sony stock dipped 1.2 percent in Tokyo following the news that Sony racked up a record $5.6 billion annual loss in 2011. It was Sony's fouth straight year in the red.
Stocks slide as doubts about Europe simmer

Stocks pitched down Wednesday in the US as borrowing rates climbed for Spain and Italy, a sign that investors are losing confidence in those countries' finances. The Dow lost 97 points to close at 12835 – its sixth consecutive day of losses.