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Business & Finance

	Will Facebook Deliver an IPO Surprise? Facebook founder Mark Zuckerberg turns up at business conventions in a hoodie. "Cocky" is the word used to describe him most often, after "billionaire." He was Time's person of the year at 26. So when he takes Facebook public, why would he follow the Wall Street rules? The company is expected to file as early as Wednesday to sell stock on the open market in what will be the most talked-about initial public offering since Google in 2004, maybe since the go-go 1990s. Around the nation, ....

	U.S. growth quickens, but speed bumps ahead The U.S. economy grew at its fastest pace in 1-1/2 years in the fourth quarter of 2011, but a strong rebuilding of stocks by businesses and a slower pace of business spending hinted at softer growth early this year. U.S. gross domestic product expanded at a 2.8 percent annual rate, the Commerce Department said on Friday, a sharp acceleration from the 1.8 percent clip of the prior three months and the quickest pace since the second quarter of 2010. It was, however, a touch below economis....

JPMorgan profit falls, but sees hope in economy JPMorgan Chase & Co's fourth-quarter earnings fell 23 percent, in line with Wall Street expectations, as the European debt crisis depressed trading and corporate deal-making. But Chief Executive Jamie Dimon said the largest U.S. bank by assets was seeing signs of improvement in loan demand and credit quality as the economy recovers. The bank's shares fell 2.9 percent in premarket trading. Through Thursday, the shares had climbed 11 percent this year. JPMorgan is the first major U.S. b....

Federico F. Peña elegido para la junta de Wells .... SAN FRANCISCO, TBD. Wells Fargo & Company (NYSE:WFC) anunció que su junta directiva ha elegido a Federico F. Peña, asesor sénior de Vestar Capital Partners y antiguo Secretario de Transporte y Secretario de Energía de los EE.UU., para ser miembro de la junta directiva de la compañía, vigente a partir del 1 de noviembre de 2011. Peña será parte del Comité de auditoría y exámenes de la junta. Su elección aumenta la cantidad de miembros de la junta de la compañía a 16 directores. “Me compl....

House passes $1T budget bill, avoids shutdown The House has passed a $1 trillion-plus catchall budget bill paying for day-to-day operations of 10 Cabinet departments and averting a government shutdown, while Senate talks on renewing a payroll tax cut and jobless benefits reached a critical phase. The 296-121 vote to approve the spending measure represented a rare moment of bipartisanship in a polarized Capitol. The Senate's top Republican, meanwhile, raised the stakes in the showdown over the payroll tax cut, insisting he won't back a ....

Retailers look to keep Black Friday momentum going U.S. retailers moved from the frenzied start of the holiday shopping season to the next phase on Saturday, hoping to avoid a drop after Black Friday and keep the momentum going during a fitful economic recovery. After featuring the usual deep discounts on Thanksgiving on Thursday and on Friday, retailers were still offering bargains on Saturday as holiday spending is expected to show only about half the growth of last year. The holiday shopping season that traditionally kicks off on Blac....

El Servicio de Remesas Wells Fargo ExpressSend a.... MIAMI- Wells Fargo & Company (NYSE: WFC) ha expandido su red de remesas ExpressSend® a través de un acuerdo con Servicios UniTeller, Inc. , compañía de envíos de dinero en los EE.UU. del Grupo Financiero Banorte (BMV: GFNORTE O). Por medio de este acuerdo, Wells Fargo ampliará la distribución de su red de pago de remesas al consumidor a 9 instituciones financieras, incluyendo servicios financieros alternativos más en Guatemala, Colombia, Ecuador, Honduras, Perú, Filipinas y Vietnam. Wells Far....

Former top Wall Streeter denies insider trading A former board member of Goldman Sachs and Procter & Gamble pleaded not guilty Wednesday to federal charges accusing him of acting as "the illegal eyes and ears in the boardroom" for a friend, a billionaire hedge fund founder sentenced this month to 11 years in prison in the biggest insider trading case in history. The case, built partially on wiretaps used for the first time in insider trading, has offered unprecedented insight into greed at the highest levels of Wall Street. The arrest of....

US futures edge up ahead of unemployment claims U.S. stock futures are edging higher ahead of the government's weekly report on the number of people who applied for unemployment benefits last week. Economists expect that the number of new applications fell slightly, but will still be above the mark that signals sustainable job growth. Other reports expected Thursday include a tally of home sales in September and an index of leading economic indicators. Ebay fell 5 percent in pre-market trading after its quarterly results missed Wall S....

Social Security recipients to get 3.6 percent CO.... Some 55 million Social Security recipients will get a 3.6 percent increase in benefits next year, their first raise since 2009, the government announced Wednesday. The increase, which starts in January, is tied to a measure of inflation released Wednesday morning. About 8 million people who receive Supplemental Security Income will also receive the 3.6 percent cost-of-living adjustment, or COLA, meaning the announcement will affect about one in five U.S. residents. There was no COLA i....

MicroTech CEO Tony Jimenez Recognized as Most In.... MicroTech President & CEO Tony Jimenez has been named to the 2011 Top 100 Most Influential Hispanics in America. The list is made up of prominent Hispanic movers and shakers in the areas of diversity, arts & entertainment, academic, and government. Jimenez is making his first appearance in this elite group, highlighting his impact in the corporate field. The exclusive feature is published in the October 2011 edition of Hispanic Business Magazine. Jimenez is at the helm of award-winning....

Wall Street protesters look to expand N.Y. prese.... NEW YORK - Anti-Wall Street demonstrators said on Saturday they are growing out of their lower Manhattan encampment and are exploring options to expand to other public spaces in New York City. Protesters complaining about what they view as corporate greed have been camped out near Wall Street in Zuccotti Park for three weeks, staging rallies and marches that have mostly proceeded peacefully but have also resulted in confrontations with police. On Saturday, several hundred protesters marc....

Bank of America to charge $5 debit card fee Bank of America plans to start charging customers a $5 monthly fee for using their debit card to make purchases. The fee will be rolled out starting early next year. A number of banks have already either rolled out or are testing such fees. But Bank of America's announcement carries added weight because it is the largest U.S. bank by deposits. Anne Pace, a Bank of America Corp. spokeswoman, said Thursday that customers will only be charged the fee if they use their debit cards for purc....

Judge narrows $1 billion Madoff case vs NY Mets .... NEW YORK - A federal judge narrowed a $1 billion lawsuit against owners of the New York Mets baseball team by the trustee seeking money for Bernard Madoff's victims, and cast skepticism on how much might ultimately be recovered. Tuesday's ruling by U.S. District Judge Jed Rakoff in Manhattan could help the trustee, Irving Picard, force Mets owners to turn over their alleged $300 million of "fictitious profits" from investing with Bernard L. Madoff Investment Securities LLC, where they were ....

Wells Fargo Foundation Provides $450,000 Grant t.... The United States Hispanic Chamber of Commerce (USHCC) Foundation received a $450,000 grant last week from the Wells Fargo Foundation at its 32nd Annual Convention and Business Expo, held in Miami, Florida. This two-year investment will be used support education initiatives of the national Hispanic chamber. The grant will build on the USHCC’s Foundation Chamber Training Institute, a program designed to help build the capacity of USHCC’s local chambers of commerce. Last year over 80 Chamber E....