BUSINESS
May 18, 2012 | The Associated Press
It's Facebook's big day. The site, which was born in a dorm room eight years ago and has grown into a worldwide network of almost a billion people, is making the most talked-about stock market debut in years. Here's some of what Associated Press reporters are finding. Check back all day for updates. All times EDT. –– 1:47 p.m. UPDATE ON SOCIAL MEDIA STOCKS Facebook stock is trading at about $41.25, a healthy gain of more than $3, but it appears to be disappointing investors in other social media companies, especially those with ties to Facebook.
NEWS
May 22, 2012 | Barbara Ortutay and Pallavi Gogoi, AP Business Writers
Facebook was supposed to soar. Instead, it plunged. After the social network's stock fizzled on Friday in its long-awaited debut, its stock fell 11 percent on Monday, even as the rest of the stock market rallied. The downward spiral has left some people sitting on big losses, and others scratching their heads. After all, nothing fundamental has changed at Facebook in the days since the much-hyped company came to the stock market — Facebook still has more than 900 million users, its 28-year-old founder Mark Zuckerberg controls the company, and it is still...
NEWS
May 17, 2012 | Jennifer Fenn Lefferts, Globe Correspondent
The race for the state Senate's Third Middlesex District seat this year has drawn a crowded field of Democratic candidates, featuring a former state legislator, Iraqi war veteran, businessman, lawyer, and a political novice. After 15 years in the Senate, Democrat Susan Fargo of Lincoln announced in February that she would not be seeking reelection, setting the stage for the five-way party primary. The Democratic candidates are Mike Barrett of Lexington, Alex Buck of Chelmsford, Mara Dolan of Concord, Joe Kearns Goodwin of Concord,...
NEWS
May 16, 2012 | Eric Moskowitz, Globe Staff
Repairs to the aging Sagamore Bridge during the spring have slowed traffic leaving Cape Cod to a crawl most nights and backed it up for miles on Sundays, culminating in a Mother's Day morass when the stalled line of cars stretched past multiple exits on Route 6 and triggered all-day gridlock on nearby Route 6A. "Whoever conceived of this plan should be fired," said Anne Kilguss, a Boston social worker and psychotherapist with a second home in...
BUSINESS
May 15, 2012 | D.C. Denison
When Cambridge marketing software firm HubSpot Inc. launched in 2006, e-mail pitching was considered old-fashioned and spam-riddled. Consumers struggling with e-mail overload were often not receptive to more electronic clutter. HubSpot didn't even build e-mail marketing products. That changes on Tuesday, when HubSpot will at last offer its own tools to manage, create, and track e-mail marketing campaigns in its standard menu of services. It's a mark of how much life the company thinks is left in the old Internet standby.
BUSINESS
January 31, 2012 | By Steven Syre
A lot of people are hyperventilating over Facebook Inc.'s coming initial public stock offering, a giant sale sure to rank among the biggest IPOs ever. I wouldn't say the same about Facebook founder Mark Zuckerberg. He has seemed almost reluctant about the social media giant's plans to go public. The initial registration for a Facebook IPO - the first step that would probably lead to an actual stock sale by May or June - may be filed in the next few days. If not this week, soon.