Prosecutors acknowledged what he posted was true but invoked the SEC's Regulation FD to argue this was a material disclosure being selectively disclosed.
Cincinnati-based Federated Department Stores (nyse: FD - news - people) posted a 26% drop in fiscal fourth-quarter earnings, hurt by problems at its Fingerhut catalog unit and, yes, the slowing U.S. economy.
Facebook intends to use the investor.fb.com website as a means of disclosing material non-public information and for complying with its disclosure obligations under Regulation FD.
People raise money for Team FD by tapping their friends and family for donations before participating in an athletic event that can be anything from a 5K walk to an Ironman triathlon.