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Fox Means Business: 5/23

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I'm going to -- FaceBook -- In the social networking site -- suing the company along with several banks including Morgan Stanley.

The lawsuit claiming the defendants -- hiding Facebook's slow growth forecasts ahead of its stock offering.

FaceBook shows up on Wednesday but still down almost 16%.

Since going public.

-- making it official the tech -- confirming it will slash 27000.

Jobs it is a major cost cutting move.

That is 8% of its workforce.

It's looking -- new home sales rising in April the median sale price for new house edging up slightly.

Different.

News ahead of -- Memorial Day driving plans to price for a barrel of oil falling below ninety bucks that's the lowest in seven months.

And that could help to keep the gas price driving even lower.

This is going on line in China.

The retail China buying a stake in a major Chinese Internet shopping site Macy's getting its own space on the site to sell its stuff.

That's business I'm -- --