Money Minute: Super-Charging Your Gadgets; Busy Week for IPOs


A potential solution to one of modern life's most frustrating problems.

An Israeli firm called StoreDot says it has developed a prototype device that can fully charge your smartphone in just 30 seconds. It's still about two years away from being marketed, assuming the company can shrink the size of the technology. The invention came out of research being done on Alzheimer's disease.

Here on Wall Street last week, the Dow Jones industrial average (^DJI) fell 167 points Monday, the Nasdaq slid 48 and the Standard & Poor's 500 index (^GPSC) lost 20 points. The Nasdaq composite (^IXIC) has tumbled 177 points in three days -- its worst showing since August of 2011. All three major averages are now back in negative territory for the year.

With the market in turmoil all of the sudden, this may not be the best time for a company to bring its initial public offering to the market. %VIRTUAL-article-sponsoredlinks%But this is shaping up to be the busiest week for IPOs since late 2007. Dealogic says 14 new stocks are set to debut. The best-known names in the group are Ally Financial, the online bank and auto loan company, and the La Quinta hotel chain. Some market bears say this deluge of IPOs is a sign the market is near a top.

A judge in Delaware is being asked to stop Walmart Stores (WMT) from sending out its annual proxy to shareholders. At issue, according to a New York church, is the company's refusal to include its proposal on gun sales in the proxy statement. The famed Trinity Church, which is right across the street from the New York Stock Exchange, wants to limit the sale of certain weapons, claiming they are offensive to community and family values.

Are you a jerk? Or at least have you been labeled as one online? If so, you're not alone. Federal regulators allege that "improperly obtained" information from Facebook (FB) as part of its "Post a Jerk" feature. Millions of people, including some children, were tagged.

-Produced by Drew Trachtenberg.