Business News Archive - March 21, 2012
Facebook plans to raise $5bn in an initial public offering (IPO) this year, and will pay its underwriters a 1.1 percent fee.
Word of the Day
- A cloth or covering, more or less ornamented, laid over the saddle or furniture of a horse, especially of a sumpter-horse or horse of state.
- Clothing, especially sumptuous clothing; equipment; outfit.
- To cover with a caparison, as a horse.
- To dress sumptuously; adorn with rich dress.
This word ultimately comes from the Medieval Latin 'cappa,' cloak.