Last year, Facebook went public and brought in record profits exceeding $1.1 billion. And yet, not only will the ubiquitous social network not be paying any taxes, it will be getting a huge tax break.
Barclays new chief executive pledged a fresh course for the British lender on Tuesday, axing at least 3,700 jobs and pruning its investment bank as he seeks to rebuild its reputation and boost profitability after a series of scandals.
It's been a colorful week in the world of business, from Facebook's accidental hijacking spree to the timely rescue of Dell, to pink slips being passed out at DreamWorks. Here's a rundown of this week's biggest winners and losers.
Scottie dog has a new nemesis in Monopoly after fans voted in an online contest to add a cat token to the property trading game, replacing the iron, toy maker Hasbro announced. The vote on Facebook marked the first time that fans have had a say on which of the eight tokens to add and which one to toss.
Paul Hawtin created the first "Twitter hedge fund," which used social media metrics to guide its investments -- and it beat the market. Now, he's turned his "sentiment analysis" machine into a trading platform ordinary investors can use.
Facebook's fourth-quarter financial results surpassed Wall Street's expectations, but its stock is dipping lower in extended trading. The social networking company earned $64 million, or 3 cents per share, in the October-December period.
Payroll processor ADP says that employers added 192,000 jobs in January. That is more than December's revised number of 185,000, which had initially been reported at 215,000.
It's no secret that no one likes waiting on hold for a customer service representative, but it happens all the time. Fortunately, businesses today are turning to Facebook, Twitter and even texting to handle customer queries.
Debt collectors have time and again proven to be ruthless in tracking down delinquent borrowers, so perhaps it was only a matter of time before social media became their go-to hunting grounds.
So far, investors aren't impressed with Facebook's new Graph Search. But those who see only a friend-enhanced search tool are missing the big picture. It may actually revolutionize the online game and threaten some major Internet players.
Some think Facebook's new graph search might help the company eventually steal search advertising dollars from Google. But in a damning assessment, entrepreneur and engineer Steve Cheney argues that Graph Search will be basically useless. Here's why.
Facebook's mystery "press event" on Tuesday could reveal a more robust search feature that would intensify the competition between the social networking giant and its rival Google. Facebook is holding the event at 10 a.m. at its Menlo Park, Calif., headquarters.
When it comes to social media companies, remember: You aren't the customer. You're the product. Those firms are collecting all the data about their users they can, so they can sell businesses micro-targeted access to you. Want to avoid some of that? Start with these three steps.
From eBay stepping up with its latest financials to Facebook showing off its latest clever ideas, there will be plenty of news breaking in the coming days. Here's a rundown of what's likely to shape the week ahead on Wall Street.
Age 30 has become the new benchmark for people to get their lives together, and advice on how to do that abounds. But in fact, most of us already know how to succeed: We just happen to let ourselves -- and a few convenient lies -- get in the way.
Botched product launches, plunging stock values, massive layoffs, unhappy workers and poor customer service: These are just some of the woes that can win a business a spot on the 24/7 Wall St. list of the 10 most hated companies in America.
From an eco-friendly move that should drum up coffee sales to pulling the plug on some popular diversions, here are this week's smartest moves and biggest blunders from the business world.
Hiring by U.S. employers slowed slightly in December, pointing to a lackluster pace of economic growth that was unable to cut further into the country's still high unemployment rate. Payrolls outside the farming sector grew by 155,000, in line with analysts' expectations.
A New York City woman who used her Facebook page to dupe donors into contributing to a "funeral fund" for one of the children killed in the Sandy Hook Elementary School massacre was charged with lying to the FBI, court documents showed.
Facebook has finally rolled out its Gifts feature, which allows people to give real-life gifts to their friends. The social commerce platform has huge revenue potential for Facebook. And for all those cynical folks who make fun of typical Facebook birthday greetings, the message is clear: Put up or shut up.
This would be the year when the global economy finally regained its vigor. At least that's what many had hoped. It didn't happen. So what were the top ten business stories of 2012?
The U.S. stock market has been on a bull run since early 2009. At the same time, individual investors have been pulling billions of dollars out of stocks each year.
If you're bemoaning a lack of cash and of closet space, try solving both problems in one fell swoop. But with so many ways to sell your used fashions, it can be tough finding the right one for you. DailyFinance breaks down the options so you can find the right fit for your personality.
Companies get into fights all the time: in the courts, through their advertising, in contract negotiations with partners, and even with their own workers. To some extent, it's just business as usual -- but when those fights escalate, it's often consumers who feel the pain.
As more consumers pick up their smartphones and tablets to go holiday shopping, cyber crooks are trying just about everything to dupe them out of their hard-earned money. To keep you protected, we asked an online security expert to list the season's hottest scams and how to avoid them.
Fresh data from ratings tracker Nielsen shows an alarming drop in television viewership. ABC, Fox, CBS and NBC have combined for a 9 percent drop in viewers in the coveted 18-to-49 age bracket since the fall season began. Media executives are worried, and rightfully so.
On Cyber Monday, U.S. consumers are expected to empty their wallets of more than $1 billion, Merchants are offering some of their best deals, and it's time to take advantage. Here are a few strategies that should help you land the lowest prices.
It's never a good season to leave your online accounts vulnerable to hacking attacks or theft. And when the holidays roll around, the scammers aren't taking vacation: They're boosting their efforts just as you already face extra risks.
Tea Party mega-donors poured hundreds of millions into the 2012 election, and one of their key goals was to keep taxes low for the rich. Had Romney won, their investments could have paid off mightily. Here's a look at how what they donated compares with what they'd have saved under Romney.
