Facebook ( FB), the social networking giant, lost nearly 10% of its market capitalization on Tuesday with the stock becoming a favorite of short sellers. Facebook closed Tuesday at $28.84. It's IPO price of less than two weeks ago was $38. Facebook shares ticked down 24 cents, or 0.83%, to $28.60 in premarket trading Wednesday. Goldman Investment Shines Light on Solar Power
Pep Boys ( PBY) said it's ending its merger agreement with private-equity firm Gores Group. Gores said it would pay Pep Boys $50 million in fees as reimbursement for merger-related costs. Shares of Pep Boys fell 19.12% to $8.97 in premarket trading Wednesday.
Sallie Mae ( SLM) added another $400 million to its share repurchase program. It was given authorization to buy back $500 million of stock in January, the same time it raised its quarterly dividend to 12.5 cents from 10 cents.
Dunkin' Brands ( DNKN) plans to open 550 to 650 new stores globally this year, CEO Nigel Travis said Wednesday. The company plans to open 350 to 450 Dunkin' Donuts store outlets outside the U.S. this year, Travis told reporters, MarketWatch reported.
Booz Allen ( BAH), the consulting firm, is expected by analysts Wednesday to post fiscal-fourth-quarter earnings of 40 cents a share on revenue of $1.55 billion. Apple Shines, HP and Dell Struggle
Earnings are also expected Wednesday from Daktronics ( DAKT), Lions Gate Entertainment ( LGF) and TiVo ( TIVO). 7 Highest Rated Small-Cap Bank Stocks
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