Facebook's initial public offering is shaping up to be one of the largest in history. This morning the company told the Securities and Exchange Commission that it was expanding its offering ... again.
Now Facebook is planning to raise up to $16 billion from investors by taking a small slice of the company to the public. And it will likely be worth more than $100 billion on its opening day of trading. It could easily go higher.
Chuck Brown, known as the "Godfather of Go-Go," a style of percussion-heavy funk pioneered in Washington, D.C., died Wednesday. His death was reported by The Washington Post, quoting his manager, and other local outlets confirmed his death with family members.
Brown had been hospitalized for pneumonia. He was 75.