Facebook's IPO, or initial public offering, will lead to shareholder pressure on the firm to squeeze profits out of users' personal data. Google, too, faces more scrutiny as it mines user data even more. Privacy watchdogs need to be on the alert.
Forget the European debt crisis. Widening economic inequality is worsening here at home, and little is being done to stop it.
Who should have the primary responsibility for making American workers globally competitive – the private sector or government?
New home sales in 2011 could be the worst ever, despite a rise in November. Last month saw a 1.6 percent increase in new home sales, far less than what economist had hoped for.
The Dow jumped 337 points to close at 12103 as good news from Europe combined with a surprisingly strong report on US housing sent stocks soaring through their best day of the month
US deficit falls 11.6 percent in third quarter as exports rise. Although US deficit falls for the quarter, the annual current account deficit is expected to rise a modest 2 percent.
Stocks slid in late afternoon trading. The Dow lost 66 points Tuesday to close at 11954, after gaining as much as 126 points earlier. Stocks on the Nasdaq and S&P 500 also suffered losses.