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Morgan Stanley to Lead Facebook Filing for $5 Billion IPO

Facebook is planning to file the prospectus for its initial public offering (IPO) this week.

U.S. Congressional Reports Federal Deficit of $1 Trillion

The U.S. Congressional Budget Office (CBO) affirms that the annual federal deficit will reach $1 trillion in 2012, for the fourth year in a row.

Bain Capital Ventures Raises $600 Million, as Venture Capital Surges

The largest venture capital firms, keep getting bigger.

U.S. Treasury Secretary Timothy Geithner on Economy at World Economic Forum

As the economy takes center stage in the U.S. Presidential campaign, U.S. Treasury Secretary Timothy F. Geithnerdelivered an upbeat growth outlook at the World Economic Forum, but warned that America’s recovery could still be derailed by geopolitical and financial troubles abroad.

Marc Andreesen Raising $1.5 Billion for Technology Fund

Marc Andreessen, the venture capitalist who was a co-founder of Netscape, is endeavoring to raise $1.5 billion from investors for his namesake firm, with $900 million earmarked for a main fund, and $600 million for a parallel fund.

Facebook Trades Halted as Social Network Giant Readies IPO

As Facebook readies for an initial public offering (IPO), the social networking giant’s lawyers have halted the trading process for shares of the company.

George Soros tells World Economic Forum to Save Eurozone, not Greece

Billionaire investor George Soros told the World Economic Forum in Davos that it was possible Greece could be pushed out of the euro zone this year.

BlackBerry Maker Research In Motion and Yahoo Remain Stagnant Stocks

CNBC’s Jim Cramer points out that both BlackBerry maker Research In Motion and Yahoo! remain stocks to sell

China Cracks Down on Tibetan Protesters

Chinese security forces have unleashed a harsh crackdown on Tibetan protesters, as Chinese forces fired tear gas at Tibetan protesters in Sichuan province, according to an activist group, just a day after forces fired on a crowd of demonstrators.

Iran says Oil Strait will Close in Response to European Union Sanctions

Two Iranian lawmakers are affirming that the country will shut off the Strait of Hormuz if the international community limits the sale of Iranian oil—which is what the European Union (EU) did.

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