Facebook, the most successful social network in history, is close to going public, according to one new report.
Stock market, as measured by the S&P 500, ends the year just as it started. But stock market in fourth quarter staged an impressive rally, which could set the tone for 2012.
Payroll tax bill would allow $50,000 a year earner to continue saving $1,000 in taxes annually. Americans are frustrated at the lack of compromise over a payroll tax bill.
The Dow lost 200 points to close at 11766. Bank of America plunged 4 percent; other big banks also faltered.