Facebook filed to go public this week, and many analysts expect that it will be valued between $75 billion and $100 billion on the day of its initial public offering. That would make Facebook more valuable than GM, Ford and even Goldman Sachs.
What's most remarkable is that the company has barely 3,000 employees, and many of them are about to become very, very rich.
On Feb. 5, fashion designer Jason Wu is launching a limited-edition line for Target. Wu became famous for designing Michelle Obama's inaugural gown. He's the latest high-end designer to partner with a mainstream retailer and offer his chic couture at cheap prices for the masses.
On a bitterly cold morning in Washington, D.C., last November, hundreds of fashionistas flooded the street in front of the low-priced fashion chain H&M. Italian luxury label Versace was launching a collection there, and customers were waiting for the doors to open.
Former Massachusetts Gov. Mitt Romney's decisive win over former House Speaker Newt Gingrich in Florida returned him to the front-runner's spot in the Republican presidential race. Romney emerged from that battle with his strengths, but also his weaknesses, on full display.
Sometimes hard-fought nominating contests produce a more formidable general-election candidate. That's what happened to Barack Obama in 2008. But Dan Schnur, a former Republican strategist, thinks it's too soon to tell if this Republican primary battle will have the same effect.