Archive for August 16th, 2012:

Facebook shares plunging as insiders start to sell

Date: Aug 16 2012
First lockup on Facebook shares released, allowing insiders to sell additional shares for the first time. http://rssfeeds.usatoday.com/~r/UsatodaycomMoney-TopStories/~3/AIGsgMPLMSc/1 Read More »

New toilet technology after 150 years of waste

Date: Aug 16 2012
Bill & Melinda Gates Foundation competition aims to reinvent the toilet for those who don't have access to modern sanitation. http://rssfeeds.usatoday.com/~r/UsatodaycomMoney-TopStories/~3/ghPr9WtMnvQ/1 Read More »

Rate on 30-year mortgages rises to 3.62%

Date: Aug 16 2012
Rates ticked up for third straight week, staying slightly above record lows, helping fuel a modest housing recovery this year. http://rssfeeds.usatoday.com/~r/UsatodaycomMoney-TopStories/~3/ENo66jyIov4/1 Read More »

Verizon Gets OK on Spectrum Deal — With Restrictions (VZ, CMCSA, TWC)

Date: Aug 16 2012
Filed under: Government, TelecomThe US Department of Justice today has approved the $3.9 billion spectrum acquisition by Verizon Communications Inc. (NYSE: VZ) from SpectrumCo LLC, a joint venture of Comcast Corp. (NASDAQ: CMCSA), Time Warner Cable Inc. (NYSE: TWC), BrightHouse ...Read More »

Drought Expansion Slowed in August

Date: Aug 16 2012
Filed under: InvestingThe US Drought Monitor has noted a significant expansion of the drought in the lower 48 states has finally stopped. The agency said that about a quarter of the country continues to experience drought conditions that are rated ...Read More »

Facebook Posts New Low, Other Social Media Stocks Falter (FB, ZNGA, GRPN, YELP, LNKD, CRM, MSFT, GOOG)

Date: Aug 16 2012
Filed under: TechnologyToday's end to the lockup period on shares of Facebook Inc. (NASDAQ: FB) has predictably weighed on the stock's share price. Shares are down more than 6% and have posted a new post-IPO low of $19.69. Other social media ...Read More »

Carin Constant of East Hampton NY, Recent Foreclosure Trends Increases Options to Purchase Low and Sell High

Date: Aug 16 2012
1888PressRelease - Carin Constant of East Hampton, NY purchased an East Hampton home in 2000 that was considered one of the worst homes in the neighborhood. Seven years later, she sold the newly renovated home for quite a profit. Proof ...Read More »

Elderly suffer as financial abuse grows

Date: Aug 16 2012
Financial abuse of the elderly is getting worse, and most seniors don't know how to seek reliable financial help. http://rssfeeds.usatoday.com/~r/UsatodaycomMoney-TopStories/~3/w9fpBZw-BS8/1 Read More »

More Facebook shares hit market as insiders allowed to sell

Date: Aug 16 2012
The first lockup on Facebook shares is released Thursday, allowing insiders to sell additional shares for the first time. http://rssfeeds.usatoday.com/~r/UsatodaycomMoney-TopStories/~3/AIGsgMPLMSc/1 Read More »

Ask Matt: Is now the time to buy Facebook?

Date: Aug 16 2012
If you invest in Facebook, you're betting on the company finding ways to turn its popularity and widespread usage into dollars and cents. http://rssfeeds.usatoday.com/~r/UsatodaycomMoney-TopStories/~3/DwaxZr3trU8/1 Read More »