Insiders can sell Facebook stock as 'lock-up' ends
Facebook's early investors and a handful of top executives become eligible on Thursday to sell stock they own in the social networking company. It marks the beginning of a time-honored process for public companies, which will culminate in the fall, when many Facebook employees receive the same right to sell their shares. It's conceivable none of them will sell. But if they do, up to 1.91 billion more shares could flood the stock market, joining the 421 million that have been trading since Facebook's initial public offering in May. So-called "lock-up" periods, which prevent insiders from unloading shares too close to an IPO, generally start to expire 90 days after a stock makes its public debut.
Bottom Dollar to open stores
The newest Bottom Dollar stores in the Pittsburgh market will open on Thursday at Ross Towne Center, 7221 McKnight Road, in Ross and at 1100 Chartiers Ave., McKees Rocks. Both stores will open at 8 a.m. "Earlier this year, we opened 11 stores in the Pittsburgh market (including three in Youngstown, Ohio), ... and we are very pleased with customer reaction," said Meg Ham, Bottom Dollar president. Bottom Dollar is owned by the Belgium-based Delhaize America, which owns Food Lion and Hannaford supermarkets. Bottom Dollar stores are located in Aliquippa, Baldwin Borough, Bridgeville, Carnegie, Penn Hills, McKeesport, Ambridge, Butler and Castle Shannon.
Toyota Camry sheds ho-hum image
A sporty version of the new Camry is helping the car shed its ho- hum image. It's also drawing in younger buyers who are driving a huge sales increase for America's top-selling car. Through July, Camry sales were up almost 40 percent to 244,000. That's 60,000 more than its closest competitors, the Honda Accord and Nissan Altima, Toyota said. The rising sales are helping Toyota find its way back from three years of embarrassing safety recalls and natural disasters, and the new customers are broadening the company's graying customer base. Overall, sales of the Toyota, Lexus and Scion brands are up 28 percent so far this year, reaching more than 1.2 million vehicles.
FDA warns Hershey on syrup labeling
Hershey Co. …