Facebook opens at $42

Diane Alter – Fourth Estate Cooperative Reporter New York, N.Y., United States (4E) – Following months of speculation, hype and frenzy, Facebook finally began trading as a public company Friday. Shares were priced Thursday night at $38 a share, valuing the company at $104 billion, raising $16 billion, and making it the largest tech IPO [...]

Cinderella movie ‘Ever After’ off to Broadway in 2013

Paula David – Fourth Estate Cooperative Reporter New York, NY, United States (4E) – Cinderella-inspired film Ever After will be adapted into a Broadway musical announced Tuesday to be staged during its 2013-2014 season. The new musical will be directed and choreographed by Tony award winner Kathleen Marshall. Casting, theater, exact dates and other pre-Broadway [...]

Skechers to pay $40 million to settle false ad claims

Diane Alter – Fourth Estate Cooperative Reporter New York, NY, United States (4E) – Skechers claims that its fitness shoes can help wearers lose pounds, tone muscles and strengthen legs, the stomach and the derriere, is costing the company millions. Actually, the false claims are costing the footwear company some $40 million. On Wednesday, the [...]

Strauss-Kahn seeks $1 million in damages from NY maid

Fourth Estate Cooperative Staff Paris, France (4E) – Dominique Strauss-Kahn, former chief of International Monetary Fund and ex-French Socialist party presidential hopeful, on Tuesday filed a USD 1 million suit against New York hotel maid at Bronx Supreme Court. The maid, Nafissatou Diallo, had accused Strauss-Kahn of sexually abusing her during his stay at the [...]

‘Desperate Housewives’ ends after eight seasons

Diane Alter – Fourth Estate Cooperative Reporter Los Angeles, Calif., United States (4E) – If you TIVO-ed or taped or plan to watch the season finale of “Desperate Housewives,” and want to be surprised, stop reading now. We don’t want to spoil it for you. The run of the women of Wisteria Lane, and the [...]

Wholesale prices drop in April

Diane Alter – Fourth Estate Cooperative Reporter New York, N.Y., United States (4E) – Falling gas and energy costs drove wholesale prices lower in April. But outside that drop, inflation was tame. The Labor Department reported Friday that the producer price index, which measures price changes before they reach the consumer, slipped 0.2 percent in [...]

New York Archbishop Timothy Dolan joins Twitter

Diane Alter – AHN News Reporter New York, NY, United States (AHN) – Archbishop Timothy Dolan joined Twitter on Tuesday and his first tweet was a Tim Tebow joke. The initial tweet from the religious leader, jokester avid sport fan @CardinalDolan read: “Hey everybody. It’s Timothy Cardinal Tebow. I mean Dolan. I’m on Twitter. And I’m [...]

Bed Bath & Beyond buys Cost Plus for $495 million

Diane Alter – AHN News Reporter New York City, NY, United States (AHN) – Bed Bath & Beyond announced Wednesday that it has reached a deal to acquire small goods retailer Cost Plus for $495 million, spurred in part by a promising collaboration that put a specialty food department in some of Bed Bath & [...]

Gold falters with markets Tuesday

Diane Alter – AHN News Reporter New York City, NY, United States (AHN) – Gold prices tumbled Tuesday along with world markets as Greece’s political and economic woes weighed on investors across all sectors. The board based declines in U.S. and global equities spilled over to the yellow metal, pushing gold prices below $1,600 intra-day. Market [...]

Abbott Labs agrees to $1.6 billion Depakote settlement

Diane Alter – AHN News Reporter New York City, NY, United States (AHN) – Drug giant Abbott Laboratories had plead guilty and agreed to pay $1.6 billion over allegations that it promoted Depakote, an anti-seizure drug, for uses not approved by the Food and Drug Administration. At a new conference Monday at the Justice Department, [...]

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