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Facebook Riches for Artist Who Painted Headquarters

The graffiti artist who took Facebook stock instead of cash for painting the walls of the social network's first headquarters made a smart bet. The shares owned by the artist, David Choe, are expected to be worth upward of $200 million when Facebook stock trades publicly later this year.

Eight Reasons for Financial Optimism in 2012

Throughout all the turmoil for the US economy in 2011, U.S. stocks have been surprisingly resilient. "We believe this is a testament to a combination of U.S. economic resilience, U.S. corporate financial strength and pricing power, and severe relative undervaluation of equities," said Thomas Lee, chief U.S. equity strategist with JPMorgan. Lee has compiled eight reasons why he will remain optimistic in 2012

Stock Buying by Corporate Insiders Almost Tripled in Feb

Two good news stories in the financial sector caught our eye this week: Hefty stock purchases by company officers and directors is growing evidence that insiders believe their companies have the worst of the recession behind them and their stocks should rise this year, analysts said last week.

Apple CEO Turns Down Pay

Apple CEO Tim Cook is turning down a payout worth approximately $75 million. Cook is requesting that he not receive new stock dividends, after receiving just shy of $400 million in compensation last year. One writer chalks it up to classiness.

Dow Hits Five-year High on Jobs Report

The Dow Jones industrials index climbed to its highest level in nearly 5 years on Friday, after a surprise drop in the unemployment rate pointed to continued improvement in the labor market. The S&P 500 rose for a fifth straight day and was also on course to close near a 5-year high.

Billions Earned for US Treasury From AIG TARP Repayment

The controversial government bailout of the huge global insurer, AIG, during the worst days of the financial crisis in 2008, will yield billions of profit for the US treasury and taxpayer. The treasury department announced Tuesday that it will sell 234 million shares in American International Group (AIG), bringing the estimated profit on the original AIG TARP assistance to $22.7 billion.

Greek Can-do Mayor Bucks National Trend in Fixing City Finances

70-year old Thessaloniki mayor Yannis Boutaris stands apart from the political mainstream, pulling off reforms that have so far evaded the national government in its three-year-old debt crisis. In contrast to the rest of Greece, this sea-front city of one million is shrinking debt, cutting business taxes to help firms and paying city employees and contractors on time.

Bank of America To Pay Record $16.65 Billion Fine

The Justice Department announced today that Bank of America will pay a record $16.65 billion fine to settle allegations that it knowingly sold toxic mortgages to investors. $7 billion of it will go to consumers faced with financial hardship.

Pixar Animates its First Female Hero in 'Brave'

With its 13th major film in production, Pixar is, at last, turning to a female character to play the sole protagonist. And, like Disney's Mulan, she will turn out to be an inspiration, despite her sassy ways and nonchalance for the breaking of out-dated rules (which rains turmoil down on her kingdom).

Dyson Award-winner Makes Water Out of Thin Air for Farmers

An Australian designer from Swinburne University of Technology in Melbourne is the winner of the 2011 James Dyson award for his Airdrop – a low-cost, low-maintenance tecnology for farming in arid areas. Dyson, an Inventor and entrepreneur, said Edward Linacre's invention shows how simple, natural principles such as the condensation of water can be applied to good effect through skilled design and robust engineering.