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Market Update - Reports that Hewlett-Packard is looking at cutting up to 30,000 of its employees are leaked on the eve of Facebook’s monster IPO 
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Business NewsNEW YORK (AP) — Facebook's initial public offering of stock is shaping up to be one of the largest ever. The world's definitive online social network is raising at least $16 billion, a big windfall for a company that began eight years ago with no way to make money.
NEW YORK (AP) — The Dow Jones industrial average posted its 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.
SAN FRANCISCO (AP) — Clothing seller Gap Inc. said Thursday that sales improved at its Old Navy, Gap and Banana Republic chains and online.
WASHINGTON (AP) — JPMorgan Chase CEO Jamie Dimon is willing to testify at a congressional hearing this spring on the bank's $2 billion trading loss.
Natural gas is no longer at decade lows, but the price remains sensitive to reports of any significant increase in supply. The price dropped Thursday as the government said supplies continue to build, at a time when mild weather is dimming demand in parts of the country.
WASHINGTON (AP) — The Obama administration moved Thursday to impose stiff new tariffs on solar panels made in China, finding that Chinese companies are improperly flooding the U.S.
WASHINGTON (AP) — The number of people seeking U.S. unemployment benefits was unchanged last week, suggesting modest but steady gains in the job market.
ATLANTIC CITY, N.J. (AP) — Casinos are not like Starbucks stores: You really can't have one on every corner. That's the word from David Cordish, whose company is opening a huge new casino next month in Maryland.
NEW YORK (AP) — Billionaire Warren Buffett's company is making another foray into newspapers, agreeing to buy 63 newspapers from Media General Inc.
WASHINGTON (AP) — When leaders from eight of the world's biggest economies meet this weekend outside Washington, the focus will be on how to prevent Europe's debt crisis from spiraling out of control.
NEW YORK (AP) — Don't try to friend MaLi Arwood on Facebook. You won't find her there. You won't find Thomas Chin, either. Or Kariann Goldschmitt.
HOFFMAN ESTATES, Ill. (AP) — Sears Holdings Corp. said Thursday it returned to a profit in the first quarter as it benefitted from a gain on the sale of underperforming stores.
NEW YORK (AP) — Wal-Mart's U.S. business finally got its groove back. Wal-Mart Stores Inc. reported a 10.1 percent increase in first-quarter profit that beat Wall Street estimates as its re-emphasis on low prices drove bargain-hungry U.S.
LOS ANGELES (AP) — Hollywood is known for snatching up best-selling books and turning them into big-screen blockbusters: "Twilight," ''Harry Potter," ''The Hunger Games," ''The Help" and countless others.
WASHINGTON (AP) — A measure of future U.S. economic activity fell in April after six months of increases. The drop reflected fewer requests for building permits and a temporary spike in applications for unemployment benefits.
WASHINGTON (AP) — Manufacturing activity contracted in the mid-Atlantic region in May for the first time in eight months. New orders decreased and firms cut jobs.
WASHINGTON (AP) — Average U.S. rates for 30-year and 15-year fixed mortgages fell to record lows for the third straight week. The steady decline has made home-buying and refinancing more affordable than ever for those who can qualify.
Oil prices edged further below $93 a barrel on Thursday, extending a sharp two-week sell-off, as traders monitored Europe's debt crisis and its potential impact on global growth.
MADRID (AP) — Shares in Bankia, the recently nationalized Spanish bank, are plunging by more than 20 percent on a local report that customers have withdrawn more than €1 billion ($1.27 billion) since the state took it over last week.
LONDON (AP) — General Motors' Vauxhall plant in northern England will build the company's top-selling Astra vehicles, the automaker said Thursday — a relief for U.K.
TEHRAN, Iran (AP) — Iran's parliament on Thursday signed off on a $462 billion budget bill for the current Iranian year that is about 9 percent less than the budget approved in the previous calendar year, a consequence attributed to the new exchange rate of the U.S dollar.
LOS ANGELES (AP) — National foreclosure trends took a positive turn in April, as the number of homes seized by banks declined and fewer properties entered into the foreclosure process.
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