Facebook will file the paperwork on Wednesday for what's widely expected to be one of the biggest initial public stock offering debuts, according to The Wall Street Journal and the Financial Times. Facebook could raise as much as $10 billion. A Facebook IPO was rumored for much of last year, but the company's been tight-lipped.
A new casino set to open in Atlantic City, N.J., has announced it will set term limits for its front-line staff. When employees' terms run out, they'll have to go through the hiring process again. The casino says the policy will keep its service fresh. Others say the company is taking advantage of a tough job market.
From bellhops to dealers, employees of the new casino — called Revel — will be hired for terms from four to six years. After that, they have to reapply for their jobs and compete against other candidates.