Treasury buys increase
WASHINGTON — Foreign demand for U.S. Treasury securities rose to a record high in April. China, the largest buyer of Treasury debt, increased its holdings slightly after trimming them for two straight months. The Treasury Department says total foreign holdings rose 0.4 percent to $5.16 trillion. It was the fourth consecutive monthly increase. Demand for U.S. debt is rising largely because investors are worried about Europe's worsening debt crisis.
Facebook files open up
NEW YORK — As Facebook's much-anticipated public stock offering approached, federal regulators wanted to know more about the revenue it gets from mobile devices, its $1 billion deal to buy Instagram and the control CEO Mark Zuckerberg has over the company. Documents filed Friday show the back-and-forth the social-networking company had with the Securities and Exchange Commission on a variety of issues. As all companies do, Facebook Inc. amended its regulatory documents several times ahead of its initial public offering of stock. But the communications leading to those changes weren't public until now. Facebook disclosed its letters with the SEC in regulatory filings Friday. The filings are a usual part of the IPO process.
From wire reports