Topic: General Motors Corporation

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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.
Clint Eastwood Chrysler Super bowl commercial: Facebook fans respond

If you didn’t see it aired on TV during halftime of the Super bowl Sunday, you’ve likely heard about it by now: The Clint Eastwood Chrysler commercial. Amid all the debate on the ad's perceived political stance, we took this question to our Facebook fans: After watching this video, do you think Chrysler came out with a pro-Obama commercial, or a patriotic commercial? We’ve culled their 127 comments and grouped the best here.
Ferris Bueller lands in Top 5 Super Bowl car ads of 2012 (+ video)

The Super Bowl is way more than a football game. It's a coming out party for the year's most creative and humorous ads. Here's one viewer's take on the Top 5 Super Bowl car ads for 2012. What's your favorite - Bueller, The Bark Side, or another?
Top 12 best cars for the money

Consumer confidence may be rising, but it still makes sense to watch every penny – especially with big purchases, like a new car. Although auto sales perked up in 2011, value is still the name of the game. U.S. News Best Cars spent months analyzing thousands of professional reviews, as well as reliability and safety data, to create the 2012 Best Cars for the Money Awards. Here are the 12 most highly praised low-cost, low-maintenance models for 2012:
'The Real Romney': 10 facts about the presidential hopeful

From the biography that aims to show America the 'real' politician, here are 10 facts about Mitt Romney, the candidate some voters still feel they don't know

All Content

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.
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.
In Gear
BMW voted most valuable car brand. Where does your car rank?

BMW grabbed the top spot as the world's most valuable car brand in the BrandZ Top 100 Global survey, edging out Toyota. BMW brand value has risen 10 percent over the past year.
Robert Reich
Mitt Romney's skewed praise of Bill Clinton

Mitt Romney has been praising Bill Clinton even as he heaps scorn on Obama, trying to associate himself with someone more popular and court the white male vote. It might backfire.
As Facebook millionaires party, what future for new shareholders?

An expected 'pop' in share prices never came as Facebook went public this week. But Facebook's IPO was a measured affair, lacking in irrational exuberance, and laying the groundwork for the network's main challenge: Turning 'friends' into consumers.
Facebook IPO stumbles: Why didn't it wow investors? (+video)

The Facebook IPO underwhelmed Friday, closing up only 23 cents. Investors are still debating Facebook's worth: Is it must-own stock or a company with limited growth potential?
Advertisers and Facebook face an uphill battle. But it could be worth it.

General Motors' decision to invest significantly less advertising dollars in Facebook inspired some to suggest that the world's most popular social network needs to grow up.
Facebook to debut at $104 billion

The IPO will be one of the largest in history.
For Facebook IPO, some suitors wary of the big dance (+video)

This week's Facebook IPO, valued at an eye-popping $100 billion, is among the most-anticipated initial public offerings ever. But some analysts wonder about Facebook's business model for the future. General Motors pulled its ads this week, and insiders plan to sell lots of shares.
Companies question whether Facebook ads pay

General Motors has withdrawn ads ahead of the social giant's IPO, and others are asking if Facebook can really monetize its users.
Horizons
On eve of Facebook IPO, GM pulls millions in ads

General Motors yanks $10 million in Facebook ads. Will this affect the Facebook IPO?
Facebook privacy concerns may dampen IPO

A new poll says that only 13 percent of Facebook users trust the service, while GM has announced they are pulling ads from the website.
Decoder Wire
How Romney is fighting harsh charge he's a heartless job-killer (+video)

Two new pro-Obama ads are hammering Romney's former firm, Bain Capital, for the demise of a Missouri steel company. The counter-ad from the Romney camp focuses on a firm that Bain bolstered.
Obama "vampire" ads target Romney on economy (+video)

The President's re-election campaign is making a full-court press including TV ads, web video and media appearances.
Greece's economic woes may hurt US

Greece's problems and the larger European debt crisis may impact banks, the stock market, trade and even the 2012 election.
In Gear
Buying a car, college grad? Don’t forget the rebates.

Most major automakers offer discounts to college grads. All college grads need to do is read the fine print. 
Obama makes it official: He's running for reelection

President Obama has been fund-raising and making political speeches for months, most recently taking jabs at presumptive Republican nominee Mitt Romney. At rallies in Ohio and Virginia Saturday, Obama officially launched his campaign for reelection.
GM stock: Earnings down. Outlook cautious.

GM stock fell in Thursday trading after the company released a cautious outlook for North America, which so far this year has buoyed sales and GM stock.
Biden hammers Romney on jobs, foreign policy

The Vice President hit the GOP nominee hard in a campaign speech, calling him inexperienced in foreign policy.
Biden slams Romney foreign policy as return to cold war

Vice President Joe Biden on Thursday focused on President Obama’s national-security policies – and criticized Romney – as part of a series of speeches in which he's laying out the case for reelecting the Obama-Biden team.
Cover Story
With all this natural gas, who needs oil?

It's home-grown, plentiful, and touted as the best way to wean the US off Mideast oil. But there are limits to how far the US can tilt toward a natural gas economy.
Electric cars, hybrids see record sales

Electric cars like the Nissan Leaf and Chevy Volt and hybrids like Toyota's Prius C and Camry are selling better than ever. Automakers sold a record 52,000 hybrids, electric cars in March.
Top Picks: 'Once' as a musical, 'Mission Impossible: Ghost Protocol,' and more

PBS's romance 'Birdsong' will appeal to 'Downton Abbey' fans, 'Revenge of the Electric Car' explores why the plug was pulled on the electric car, and more top picks.
Why the GOP loves to hate the Democrats' Buffett rule

For Republicans, the danger in disavowing the so-called Buffett rule, a tax hike on millionaires, is that Democrats can paint them as the party that protects the rich. But they believe they can prevail with voters by fighting it. Here's why.
GM: Explosion at battery research facility ‘unrelated to the Chevrolet Volt’

One person was hurt at the GM research site in Michigan during ‘extreme testing on a prototype battery’ unrelated to the Volt ‘or any other production vehicle,’ the company said.