Facebook filed to go public this week, and many analysts expect that it will be valued between $75 billion and $100 billion on the day of its initial public offering. That would make Facebook more valuable than GM, Ford and even Goldman Sachs.
What's most remarkable is that the company has barely 3,000 employees, and many of them are about to become very, very rich.
On Feb. 5, fashion designer Jason Wu is launching a limited-edition line for Target. Wu became famous for designing Michelle Obama's inaugural gown. He's the latest high-end designer to partner with a mainstream retailer and offer his chic couture at cheap prices for the masses.
On a bitterly cold morning in Washington, D.C., last November, hundreds of fashionistas flooded the street in front of the low-priced fashion chain H&M. Italian luxury label Versace was launching a collection there, and customers were waiting for the doors to open.
The red areas show gray matter that is abnormally increased in drug users. Blue shows gray matter that is abnormally decreased in drug users. Yellow shows white matter tracts, called fractional anisotropy or FA. FA is significantly reduced in both the drug users and in their siblings, which suggests that the white matter tracts work less efficiently.
Former Massachusetts Gov. Mitt Romney's decisive win over former House Speaker Newt Gingrich in Florida returned him to the front-runner's spot in the Republican presidential race. Romney emerged from that battle with his strengths, but also his weaknesses, on full display.
Sometimes hard-fought nominating contests produce a more formidable general-election candidate. That's what happened to Barack Obama in 2008. But Dan Schnur, a former Republican strategist, thinks it's too soon to tell if this Republican primary battle will have the same effect.
David Axelrod, President Obama's political strategist, has what appears to be — from outside the president's re-election campaign, at least — a problem.
Back in early 2009, when the Obama presidency was still brand new, the president gave that NBC News interview in which he talked about his administration being a "one-term proposition" if the economy didn't snap back in time for his re-election.
JC Brooks and his band The Uptown Sound have made a name for themselves by bringing back the essentials of 1970s soul. Blending rock and R&B from the early '70s — with nods to the underground punk and hip-hop movements of the same period — the group is known for its classically retro sound. Guitarist Billy Bungeroth, drummer Kevin Marks, keyboardist Andy Rosenstein and bassist Ben Taylor provide the nitty-gritty groundwork for JC Brooks, a singer with funk flowing through his veins.
In a sign that the economic sanctions imposed by the U.S. and those announced by the European Union are squeezing Iran, the chief of Iran's judiciary warned that major currency speculators could face the death penalty.
The AP quotes Ayatollah Sadegh Amoli Larijani as saying that "depending on the importance of their crimes, some of the economic corrupted can face execution."
Three years ago, venture capitalists were pouring billions of dollars into technologies like solar power, wind power, biofuels and fuel cells. The federal government followed, directing some $44.5 billion into clean technology from late 2009 to late 2011 through loans, subsidies and tax incentives.
But now the clean-tech industry is facing leaner times, in part because of cheaper natural gas prices, the effects of the financial crisis and China's growing solar industry.