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Facebook IPO reported to be at least 5 Billion

TweetNEW YORK (Reuters) - Facebook is expected to submit paperwork to regulators on Wednesday morning for a $5 billion initial public offering and has selected Morgan Stanley and four other bookrunners to handle the mega-IPO, sources close to the deal toldIFR.

TweetTAMPA, Fla. (AP) — Mitt Romney routed Newt Gingrich in the Florida primary Tuesday night, rebounding smartly from an earlier defeat and taking a major step toward the Republican presidential nomination. Despite the one-sided setback, the former House speaker vowed to press on.

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TweetWarren Buffett will be writing a check made out to the United States Treasury for just over $49,000 to help pay down the national debt. He’s matching voluntary contributions made this year and last year by Rep. Scott Rigell, a Republican representing Virginia.

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TweetIt’s been a rocky year for video games sales, but don’t tell that to Call of Duty.

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TweetMILWAUKEE-Fourteen people were charged with running a massive drug ring in Milwaukee after a rap video called “Trap House Money” led investigators to indict them for drug trafficking, money laundering, and gun offenses.

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TweetForbes magazine’s inaugural ranking of Africa’s 40 richest revealed Nigeria’s cement king, Aliko Dangote, as the top earner. Dangote’s net worth was ranked at $10.1 billion.

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TweetAfrican-Americans are twice as likely to be foreclosed upon than whites, according to a new study from the Center for Responsible Lending and the University of North Carolina, Chapel Hill.

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TweetJay-Z has designed a t-shirt in support of the Occupy Wall Street protests, but a statement from his Rocawear company has some questioning his intent.

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TweetAs if his YouTube-inspired 15 minutes of game in 2010 wasn’t enough, former New York governor candidate,

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Tweet#ows is growing. We will be in a thousand cities in this country by the end of the month – hundreds of cities in other countries. We will see General Assemblies on six continents. Liberty Square has grown exponentially over the last three weeks. It is time to form a second General Assembly in Manhattan. [...]

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