Jan 15 - Facebook will host its first major press event at its headquarters in Menlo Park, California since its troubled initial public offering.
Here's your morning call for. Tuesday the day. Facebook's much hyped mystery event. That's right the social network host its first major press event at California headquarters since Xbox IPO last may. Guess is that's the reason for the announcement have ranged from a new Smartphone to a search engine to summit so Leino has for perpetuating the buildup. Nevertheless Facebook's stocks soared above 32 bucks yesterday in anticipation. The first time since July. A wave of analysts' upgrades boosting shares the most recent from Deutsche Bank -- its price target above the 38 dollar IPO value. But despite Wall Street's renewed confidence don't count on FaceBook taking over the world just yet. Scientists in -- The world's largest. Market people -- On. Its. Interest in the FaceBook model does that. Increase would diminish. The influence of FaceBook. And is broke aware of that yet it's the first is diminished the -- the second is no. He's not. You can cat -- -- that discussion on insider. Business leaders Jack is stepping. His position -- -- My department -- nineteen. Name a successor. By -- and and the role of executive chairman. -- -- Well in two days he says quote. I want to take things easy is because I think. People have better -- really dreams and after a much sought after deal between Bob and -- went last year. The Chinese company agreed to buy back after the stake in itself helped by 2%. Billion dollars. PE firms is Bob 35 billion dollars that it went on the -- How about. -- Stuck at their place to start this morning in number of factors leading to reading. It. It. Could be at risk from the debt -- struggle. The treasury office in the country is apt to avoid a default. Obama and not -- missed. Reject. Haitians with Republicans raising US. We've got an oil sales numbers from the Commerce Department. Also looking at PPI data and business and that. Stocks to watch shares -- toward 13% to a near eight month high yesterday and it closed at twelve. Market. That the top. 14% of the company. Edged. Out. It's now worth nineteen Billy. By Dell would be in the largest deal since the global recession. That loss. -- slash. -- this year expense. As Dan -- a billion also overall sales -- -- -- downward spiral. Of holidays -- the -- wind five. To. Eight. We've got. To watch. The stores. Its partnership with it to sell well. When the analysts we spoke to use and Jack had struggled to make money from the partnership. Well well but the range of accessories. -- target and accessories and -- RadioShack. Target mobile stores -- in 18100 target. Location. Due and pay eight. Or at the Wall Street Journal this morning here's the headline Wall Street pay gets tougher. Active investor damn it again. With more in -- -- A -- Plan for top executives. I'd. Pay for actors which is -- more and JPMorgan city although this company. -- In jeans and a half dollars. And but it is expected to be in this week when it reports. Journal sort it out. From a year ago. -- Is an -- On. Us. Embassy was out there. Agents Mike Jackson and he says cartel's profits rise and the consumer -- in the privacy. If currency. Has -- also expect our. Market to expand this year but -- European. Contract another 3%. Keep watching for more coverage from the and remember and let insider. And it. I'm Lisa Bernhard is right.