Facebook’s share price climbed more than a dollar Thursday, rising above $33, but the sharp drop since last week’s high-profile initial public offering continued to cause headaches for the social-networking company, its Wall Street underwriters, and investors. Even brokerages and the NASDAQ stock exchange — blamed for long delays last Friday, the first day the stock was openly traded — are suffering fallout. Facebook and a group of early investors who chose to cash out received more than $16 billion last week from IPO participants who bought shares for the opening $38 price. But investors who bought Facebook through the IPO, or who bought in Friday while the investment bank Morgan Stanley buoyed up the share price, have lost more than $2 billion in market ... Continue reading →
hER Neighbors instantly recognized the Frankford woman accused of setting 10 fires in the community in recent weeks. “That’s Noelle,” gasped one 30-year resident of the area, who gave her name only as Toni, when she saw a mugshot of Noelle Bilbrough, 35. Bilbrough was arrested Tuesday and charged Wednesday in a string of alleged arsons that began in mid-April and occurred up until the day of her arrest, when police say she lit a fire near Frankford Avenue and Unity Street. “I wouldn’t expect that out of anybody,” Toni said, adding that a house around the corner from hers burned two weeks ago. “I just don’t understand it. It makes no sense.” Bilbrough, of Pratt Street near Frankford Avenue, was charged with several counts ... Continue reading →
THIS COLUMN was originally intended to be a mild defense of the dad who stuck his baby boy in a washing machine in Camden, but then I found out he wasn’t the kid’s dad and I kept picturing my daughter stuck in a spin cycle, soapy tears stinging her pretty blue eyes. It sort of evolved into something more complicated after that. I do “dumb” things with my boys all the time — 100 feet in the air on a zip line in Mexico, where safety was lost in translation, or in my basement where we hunt crickets with the Red Ryder BB gun (yes, with goggles), and out back, where a hump of dirt and too much throttle sent my 5-year-old son flying off ... Continue reading →