Brightcove stock surges in first day of trading

The company, which provides cloud-based computing services, raised $55 million in an initial public offering. It priced 5 million shares at $11 each, within its expected range of $10 to $12 for each share.

The Cambrige

The Cambrige, Mass., company's main product lets clients publish and distribute video to Internet-connected devices. It had near 3,900 clients at the end of 2011.

The Internal Revenue Service is grappling with a surge in identity theft-based tax fraud as scamsters take advantage of web-based resources including electronic filing.