Apple’s stock hits all-time high as iPhone 5 pre-orders sell out

Apple's stock shot up to its newest high, $696.98 a share, after the company opened up pre-ordering online for its latest device, the coveted iPhone 5.

Backfire: Dropping U.S. citizenship could cost Facebook co-founder Saverin $43M

Talk about a backfire. Controversial Facebook co-founder Eduardo Saverin, who recently renounced his U.S. citizenship and came under fire for supposedly skipping out on U.S. taxes, might actually end up owing more money — an estimated $43 million.

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