Analysts are taking a closer look at Facebook’s business strategy and what’s next for the social media industry with big Wall Street money looking for a friend.
The Facebook IPO will likely start at around $45, according to sources who believe the company will be valued at $100 billion.

Bank of America, JPMorgan Chase, Wells Fargo, Citibank and Ally Financial say they will agree to a settlement over claims of deceptive mortgage practices.  In California Attorney General  Kamala D. Harris has said it doesn’t go far enough to allow her office to pursue legal action against the banks.
“We’ve reviewed the details of the […]

Research in Motion’s new management is faced with big decisions including whether to fight to turnaround the maker of BlackBerry devices or start talking to partners about a deal.

Historic changes are expected at the first meeting this year of the Federal Reserve, but Fed watchers at Brown Brothers Harriman and Scotia Economics don’t think another round of quantitative easing will be one of them.

Police in New Zealand raid a luxury mansion and arrest Megaupload founder Kim Dotcom as the U.S. pushes ahead with its war on copyright piracy.

Wikipedia founder Jimmy Wales tells Reuters TV that the blackout staged by the online encyclopedia over proposed anti-piracy legislation was effective in pressuring U.S. politicians.

European planemaker Airbus has insisted its A380 superjumbo is safe to fly after hairline cracks were discovered in the wings of the world’s largest jetliner for the second time in two weeks.

Summary of business headlines: Mixed results from Silicon Valley as Intel, Google, Microsoft and IBM release quarterly results; Kodak files for bankruptcy protection; Drop in jobless claims, pick-up in regional factory activity point to continuing U.S. economic rebound.

As the World Bank cuts its global economic growth forecasts due to the European debt crisis, new data out of the United States adds further evidence that country’s economic rebound is strengthening.

Wikipedia is temporarily going dark in protest to anti-piracy legislation in the United States.