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Facebook is about to find out just how much status updates, puppy photos and billions of "likes" are worth on Wall Street.

Taiwan President Ma Ying-jeou has leveraged growing economic ties with China to reduce tensions to their lowest level since the two sides split in 1949. China's incessant effort to draw the democratic island closer politically has been on the back burner, and as Ma's second term begins Sunday the question is whether he can keep it there.

DETROIT (Reuters) - General Motors Co, the largest U.S. automaker, will begin selling its first rear-wheel-drive performance sedan under the Chevrolet brand in the United States in 17 years, it said Thursday. The Chevrolet SS will be equipped with a V8 engine and built as a 2014 model. It will arrive in showrooms in late 2013. The production car will also double as GM's NASCAR race car and will debut in the 2013 Daytona 500 next year. The NASCAR version and the one to be sold in showrooms look so much alike that GM plans to camouflage the NASCAR model while testing, spokesman Monte Doran said. ...

A rocket has lifted off in Japan in the country's first commercial launch of a foreign satellite — one from South Korea designed to monitor the environment.

(Reuters) - Hewlett-Packard Co is considering cutting its workforce by 8 to 10 percent, or a minimum of 25,000 jobs, sources familiar with the matter told Reuters, as newly installed CEO Meg Whitman strives to return the storied Silicon Valley institution to growth. The job cuts, which could include retirements, are under discussion but have not yet been finalized, several people familiar with the situation told Reuters. The sources did not elaborate on a time frame or other details. ...

NEW YORK (Reuters) - Stocks hit a four-month low on Thursday as rising Spanish bond yields increased investor anxiety over that country's banks and another round of weak data undermined hopes for U.S. economic recovery. Growing worries over developments in the euro zone and lackluster economic data pushed the S&P's losing streak to five consecutive days. The index, which closed at a level not seen since mid-January, has now relinquished more than half of its gains from the first quarter. ...

Wal-Mart may have gotten its groove back, but an alleged bribery scheme threatens to curtail its progress.