Below please find daily updates pertaining to the latest in financial, business, and tax news:
Yelp shows wider 2011 loss on new IPO filing
Posted: Sat Feb 04 09:50:06 PST 2012Online review site Yelp Inc. updated its initial public offering filing on Friday, showing it has a bigger loss than the year before as marketing and development costs rose. The San Francisco company co-founded by former PayPal executive Jeremy Stoppelman said its loss in 2011 was $16.9 million loss last year, compared with a loss of $9.74 million in 2010. The loss attributable to shareholders...
Money Talks: January job report, S&P gain buoy expectations the recovery is entrenched
Posted: Sat Feb 04 09:40:34 PST 2012On Friday, the U.S. Department of Labor reported that the unemployment rate and the number of unemployed workers fell in January to the lowest levels since 2009. The U.S. economy added 243,000 jobs in January, beating economists? expectations and continuing the trend of positive economic data that began in the fourth quarter of 2011. The unemployment rate dropped from 8.5 percent to 8.3 percen...
Facebook revs up political funding ahead of IPO
Posted: Sat Feb 04 08:13:19 PST 2012Facebook Inc. formed a political action committee that raised $170,000 late last year as the company prepared to file for an initial public offering. The Center for Responsive Politics reports that a lot of the money came from Facebook executives and employees, including CEO Mark Zuckerberg and Chief Operating Officer Sheryl Sandberg, both giving the maximum allowable $5,000. Other top execs ...
Tempe architect Mark Vinson receives AIA honor
Posted: Sat Feb 04 07:47:02 PST 2012Tempe City Architect Mark Vinson has received one of the highest honors bestowed by the American Institute of Architects. Vinson will receive the Fellowship medal at the AIA 2012 National Convention and Design Exposition May 17 in Washington. The medal is given to AIA members who have made a significant contribution to architecture and society. Vinson is the only architect in Arizona to recei...
Which top Silicon Valley stocks are most popular in Congress?
Posted: Sat Feb 04 07:24:38 PST 2012The stocks that members of Congress own has come under the microscope lately, with some complaining that politicians have capitalized on inside information that members of the general public would face charges on. U.S. Sen. Sherrod Brown this week called for a ban on members of his branch of Congress from owning individual stocks, saying git creates conflicts of interest. On Thursday, the Sen...
Houston Texans hike 2012 ticket prices by 8.5%
Posted: Sat Feb 04 07:21:33 PST 2012The Houston Texans, on the heels of the team's first playoff run in franchise history, will boost ticket prices for the 2012 season by an average of 8.5 percent. After keeping ticket prices flat for the past two seasons while the underachieving team still continued to sell out Reliant Stadium, the Texans' average ticket price will be raised to $78.66, up from $72.47 in 2011. The only tickets ...
SRP to join Chevy Volt test project
Posted: Sat Feb 04 07:02:05 PST 2012Salt River Project will be part of a research effort with the Electric Power Research Institute to test electric vehicles and how they use power. The utility will use a single Chevrolet Volt as part of its fleet to test driving distances, charging times and user habits. Information will be collected through the car?s OnStar system and transmitted back to EPRI. SRP will not have direct access ...
Database: Bank failures in U.S. since 2001
Posted: Sat Feb 04 06:45:06 PST 2012As the U.S. economy -- and that of global markets -- continues to reel from the Great Recession, many lending institutions still are struggling to regain their footing. In the past three years alone, 389 banks have failed, including 90 in 2011, according to New York-based Invictus Consulting Group LLC. Note: Click here for database of all 389 bank failures since 2001. Of those, four were Ohi...
Planned Parenthood holds Arizona fundraiser after Komen flap
Posted: Sat Feb 04 06:45:04 PST 2012Planned Parenthood?s political arm in Arizona will hold a fundraising event next month with Planned Parenthood Federation of America CEO Cecile Richards. The event comes on the heels of the abortion-fueled national controversy involving Planned Parenthood and whether it will receive funding from the Susan G. Komen for the Cure. The March 15 annual luncheon and fundraiser will benefit Planned ...
Report: Risk of new bank failures grows
Posted: Sat Feb 04 06:32:30 PST 2012As many as 17 Ohio banks could close or fail within the next two years without corrective action or a merger occurring, according to New York-based Invictus Consulting Group LLC, which completed stress and sustainability tests on all banks insured by the Federal Deposit Insurance Corporation. More than 750 banks nationwide are at risk of failing in the next several years, which could further ex...
The 3 Worst Dow Stocks This Week
Posted: Sat Feb 04 10:07:27 PST 2012A recap of the biggest movers. ...
A Foolish Week of Telecom
Posted: Sat Feb 04 09:07:20 PST 2012Telecom doings for the week ending Friday, Feb. 3. ...
3 Dow Stocks That Surged This Week
Posted: Sat Feb 04 08:07:46 PST 2012These stocks helped the Dow advance to a three-year high. ...
Why Ford Didn't Disappoint in January
Posted: Sat Feb 04 07:07:57 PST 2012...
Will Microsoft Help You Retire Rich?
Posted: Sat Feb 04 07:07:50 PST 2012Stocks that give retirees what they want are incredibly valuable. ...
The Motley Fool's Weekly Editors' Picks
Posted: Sat Feb 04 06:07:47 PST 2012Three of the week's most educating, amusing, and enriching articles. ...
Facebook Will Be First Trillion-Dollar Stock
Posted: Sat Feb 04 09:00:11 PST 2012Facebook Will Be First Trillion-Dollar Stock ...
The Fool Looks Ahead
Posted: Sat Feb 04 05:07:22 PST 2012Let's take a peek at some of the news that's bound to break next week. ...
A Fool Looks Back
Posted: Sat Feb 04 04:15:47 PST 2012It was an eventful week if you knew where to look. ...
3 Hidden Winners of Facebook's IPO
Posted: Sat Feb 04 03:15:05 PST 2012...
