Business

Morgan Stanley to help IPO investors

NEW YORK — Morgan Stanley, the lead investment bank in Facebook’s troubled initial public offering, will compensate retail investors who overpaid when they bought Facebook’s stock in Friday’s IPO, a source familiar with the matter said.

Gas costs up as holiday nears; refinery's return may offer relief

If you thought the motivation for an at-home holiday stay-cation died out in 2010, you haven’t visited your local service station lately.

Facebook IPO buyers feel regret

If sour grapes were traded on the Nasdaq Stock Exchange, we could all be driving Lamborghinis and drinking sweet wine.

Olympia port commissioner Barner entered diversion program after DUI charge

Port of Olympia Commissioner George Barner, who recently filed to run for Thurston County commissioner, was charged with driving under the influence last year.

Regulators learned of trading loss from news

WASHINGTON — Two key financial regulators told senators Tuesday that they learned of the huge trading loss at JPMorgan Chase & Co., through media reports and that the public wouldn’t be protected from the fallout from future incidents until new rules are finalized to allow better monitoring of such trades.

QFC monopoly: Grocer blocks others from sale of liquor at two shopping plazas

When Washington voters last fall opened the door for private liquor sales in the state, initiative backers predicted a mix of big chains and smaller merchants would all compete for a share of the liquor-sales business.

Family flying just got more complicated

NEW YORK — If you’re flying this summer, be prepared to kiss your family goodbye at the gate. Even if they’re on the same plane.

Facebook stock plunges

NEW YORK — Facebook was supposed to soar. Instead, it plunged.

BUSINESS PEOPLE:

Boards made to order

Olympia entrepreneur Michael Kitson is on the verge of launching a new startup, a business that expects to tap into the growing demand for paddle boards and surfboards.