NYBusinessLatino - Latino business comunity,news on legal,finance,economy,commerce,marketing and immigration in New York City

Business & Finance

	Facebook stock up slightly in public debut NEW YORK- Facebook is trading up 8 percent Friday, as investors seek to put a dollar value on the company that turned online social networking into a global cultural phenomenon. Earlier, the company's 28-year-old CEO, Mark Zuckerberg, smiled as he rang the opening bell from Facebook's headquarters in Menlo Park, Calif. Surrounded by cheering Facebook employees and wearing his signature hoodie, the 28-year-old pushed the button that signals the opening of the stock market in New York. The mo....

	Obama’s gay marriage decision: 60% say it won’t .... Six in ten Americans say President Barack Obama's historic shift to embrace same-sex marriage won't affect how they vote in November, according to a new USA Today/Gallup poll. Still, more independents said the move made them "less likely" to vote for him than "more likely," Gallup said, making the decision a "net minus" for the president. The survey found that 51 percent approve of the president's new position, while 45 percent said they disapproved. Among independents, his move won out by....

3 Ways to Grow Your Business On a Budget You don't have to spend a lot to spread the word about your company. You just have to get creative. When Metal Mafia opened in 2004, most of the capital we had raised was committed as soon as our first line of products went into production and the corresponding catalogue was printed. We needed to find a way to let people know we existed, and we had very little money left to do so—so we got creative. Whether your business is in the start-up stage or far more advanced, use these simple tips t....

Supreme Court moves to heart of healthcare case WASHINGTON - The Supreme Court confronts the core of President Barack Obama's healthcare law on Tuesday when it hears arguments on whether Congress had the power to require most people in the United States to buy medical insurance. The two-hour session on the second day of a historic three-day oral argument will offer a first concrete look at how the nine justices view the law Obama signed two years ago and that still divides his Democrats and rival Republicans. No past rulings are compl....

9 Common Interview Questions That Are Actually I.... During job interviews, employers will try to gather as much information about you as possible, so there's bound to be some questions that will require you to think. But it's the simple questions that are often most harmful, and even illegal. Any questions that reveal your age, race, national origin, gender, religion, marital status and sexual orientation are off-limits. "If you look at the broad picture, the [interview] questions you're asked have to be job-related and not about who y....

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....