May 16 - Facebook will increase the size of its initial public offering by 25 percent and could raise as much as $16 billion.
What FaceBook availability more questions for JPM and more deal making for apple brand and here's your morning called this Wednesday FaceBook increasing the number of shares for sale on its IPO by 25%. An updated filing out this morning says it plans to sell more than 421. Million shares up from 337. Million. At the 36 dollar mid point at a price range of social network it now raise about sixteen. Billion dollars -- not expected to start trading on the NASDAQ on Friday. Well it's not all rosy for -- General Motors says it will stop advertising on the web site. A source says the auto maker decided the ads have little impact on consumers. GM is the third largest advertiser in the US that would only spent a small portion of the budget on FaceBook. Separately Warren Buffett's Berkshire Hathaway disclosed it recently bought ten million shares of GM that stock up about 3% in the premarket. More details coming out about that two billion dollar treating lender at JPMorgan Chase sources telling Reuters. Responsible for the debacle have -- -- risk controls and the rest of the bank. That unit also reported directly to CEO Jamie Dimon after which allowed -- to maintain. A separate risk monitoring Senna and other parts of the investment bank these people that. The FBI has started a probe of the trading on shares rebounding a bit more today slightly in the pre. Apple Wheeling and dealing in Asia China Mobile chairman telling shareholders it is actively talking with the tech giant about carrying the -- China Mobile is the world's biggest Telecom carrier by subscribers. Apple also reportedly facing a huge chip order with Japan's how he got which sent shares of Korean chipmakers like Sampson tumbling today. That report from the Taiwanese news I apple shares they've been fighting -- pretty stellar quarter last month. Stocks to watch it basically JC penny of that retailer sinking in the premarket after its quarterly sales tumbled -- cut its dividend. And -- after the world's largest farm equipment maker posted higher profit -- its full year outlook. That's my call this Wednesday and -- this is Anderson there.