When Facebook makes its initial public offering Friday on the NASDAQ, the stock will be priced at $38 per share, a price that's expected to bring in between $16 billion and $18.4 billion to the company. CNBC reports:
"[The price makes] it one of the most lucrative offerings the Street has ever seen. With that valuation taken into consideration, Facebook goes public with the highest valuation — in the $100 billion range — of any company on record at the time of its IPO."
Several news outlets are reporting that computer giant Hewlett-Packard will announce the elimination of 25,000 to 30,000 jobs. All Things D reports that the announcement will come from CEO Meg Whitman when the company announces its quarterly earnings next Wednesday.
Battleground states like North Carolina are where the action is when it comes to presidential contests. Thus, they are where political tactics like, say, the anti-Obama ad campaign featuring the Rev. Jeremiah Wright, first reported by The New York Times Thursday (and now disowned by virtually everyone the Times linked to it), are most likely to be rolled out.