Facebook stock closes nearly flat in debut
By admin | May 18, 2012
It was barely a “like” and definitely not a “love” from Facebook investors as the online social network’s stock failed to live up to the hype in its trading debut Friday.
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House Republicans top Democrats in April fundraising
By admin | May 18, 2012
WASHINGTON (Reuters) – The Republican Party’s fundraising arm working to elect its candidates to the U.S. House of Representatives raised $6.9 million in April, slightly more for the month than its Democratic counterpart. The National Republican Congressional Committee figures released on Friday showed that the NRCC ended last month with $31.3 million left in the bank, adding about $4.2 million to the cash on hand in March. Republicans currently have a majority in the House. The Democratic Congressional Campaign Committee raised $6. …
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Extension on pool standards for disabled
By admin | May 18, 2012
The Justice Department says it is extending to next Jan. 31 a deadline for making existing swimming pools accessible to the disabled.
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Obama holds 2-to-1 cash advantage over Romney
By admin | May 18, 2012
President Barack Obama holds a cash advantage of more than 2-to-1 over Republican challenger Mitt Romney but the president’s money advantage is beginning to dwindle.
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172 Days to Go, Sleepover for World Leaders, 2 Candidates Named Roy, Biden Doesn’t Blame WV (PM Note)
By admin | May 18, 2012
Story of the Day – Candidates With Same Name Run for Same Office - http://abcn.ws/L5y7Mz Obama Campaign Launches Bid to Save USPS – $1.5 Million spent on postage, per FEC reports just released. (Hartfield) Elevator Endorsement – Romney Calls Bush to say ‘Thanks’ – http://abcn.ws/LkYhkc…
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Romney gives own money to election effort
By admin | May 18, 2012
WASHINGTON (Reuters) – Republican presidential hopeful Mitt Romney and his wife Ann have each chipped in $75,000 to help his effort to beat U.S. President Barack Obama in the November 6 election, a source with Romney’s campaign said on Friday. The pair gave the money this month to a fund jointly used by the Romney campaign and the Republican National Committee to help the candidate’s election bid. This is the first known donation by Romney to his own election bid in this campaign. In 2008, Romney self-funded with more than $44 million toward his failed presidential run. …
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SEC to look at Facebook trade glitches
By admin | May 18, 2012
WASHINGTON (Reuters) – The Securities and Exchange Commission will review the Nasdaq trading glitches surrounding the initial public offering of Facebook Inc on Friday, an agency spokesman said. “As is our practice, staff will review the incident with Nasdaq to determine its cause and steps that will be taken to address it,” SEC spokesman John Nester said in a statement. (Reporting By Dave Clarke; Editing by Gary Hill)
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Maliki, in charm offensive, invites scholars to Baghdad
By admin | May 18, 2012
WASHINGTON (Reuters) – Iraqi Prime Minister Nuri al-Maliki, concerned by his portrayal in U.S. media as an autocratic leader intent on consolidating power, has invited several influential Washington scholars to Baghdad to meet his team next week. The rare invitation was extended to Kenneth Pollack of the Brookings Institution, Danielle Pletka of the American Enterprise Institution and Joost Hiltermann of the International Crisis Group, Reuters has learned. …
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John Boehner: All Options on Table for ‘Fast and Furious’ Investigation
By admin | May 18, 2012
House Speaker John Boehner said “all options are on the table” when asked if the House would move to hold Attorney General Eric Holder in contempt should he refuse to fully comply with the ongoing congressional investigation into the “Fast and Furious” operation.
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U.S. says will bar some Motorola Mobility phones
By admin | May 18, 2012
WASHINGTON (Reuters) – Some Motorola Mobility smartphones infringe on a Microsoft patent and will be barred from importation in to the United States, a U.S. trade panel said on Friday. The order by the U.S. International Trade Commission has been sent to President Barack Obama, who has 60 days to consider whether to overturn it for policy reasons. The legal fight at the ITC is one of dozens globally between various smartphone makers over which company’s operating system will prevail. …
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U.S. soldier to stand trial for 2009 Iraq shooting
By admin | May 18, 2012
SEATTLE (Reuters) – A U.S. soldier accused of killing five fellow servicemen at a military combat stress center in Baghdad in 2009 has been ordered to stand trial in a U.S. military court, officials said on Friday. Sergeant John Russell, who could face the death penalty if convicted, is accused of going on a shooting spree at Camp Liberty, near the Baghdad airport, in an assault the military said at the time could have been triggered by combat stress. …
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Wall St Week Ahead: The market is oversold, but major signs say "sell"
By admin | May 18, 2012
NEW YORK (Reuters) – Normally a big decline would set up Wall Street for a technical rebound. But that may not be the case next week, even after the market posted its worst weekly loss for the year and the S&P fell for six straight sessions. With the corporate earnings season drawing to an end and recent U.S. economic data raising doubts about the pace of growth, the S&P 500, which is down 7.3 percent so far in May, could decline further next week as concerns about the financial health of Europe persist. …
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Sudden wealth part of Silicon Valley’s everyday
By admin | May 18, 2012
In Silicon Valley, where sudden wealth is hardly something new and CEOs favor hoodies over bespoke blazers, Facebook’s IPO on Friday didn’t bring everyday life to a halt.
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Wall St Week Ahead: The market is oversold, but major signs say "sell"
By admin | May 18, 2012
NEW YORK (Reuters) – Normally a big decline would set up Wall Street for a technical rebound. But that may not be the case next week, even after the market posted its worst weekly loss for the year and the S&P fell for six straight sessions. With the corporate earnings season drawing to an end and recent U.S. economic data raising doubts about the pace of growth, the S&P 500, which is down 7.3 percent so far in May, could decline further next week as concerns about the financial health of Europe persist. …
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This Is Your Child’s Brain on Exercise; How to Make Schools Healthier
By admin | May 18, 2012
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Crude down, hits biggest 3-wk loss since Aug ’11
By admin | May 18, 2012
NEW YORK (Reuters) – Crude oil futures fell more than 1 percent on Friday, down for the sixth straight session, as worsening problems in Greece and Spain raised worries of contagion in the euro zone. Oil futures fell on the drumbeat from global stock markets, which erased the year’s gains as investors pared holdings for safe-haven assets such as gold, on growing concerns about the euro zone debt crisis. On Wall Street, equities dipped after a messy opening-day trade for social networking darling Facebook failed to lift the spirits of investors. U.S. …
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Highlights from Facebook’s debut
By admin | May 18, 2012
Facebook’s debut on the stock market was preceded by epic hype, delayed by a technical glitch and tracked minute-by-minute by investors around the world. In the end, the fuss was over a gain of 23 cents.
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Nasdaq glitch confuses investors of Facebook IPO
By admin | May 18, 2012
Some investors who thought they had bought Facebook shares at the opening of trading were left without knowing for hours whether they had received the shares.
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Facebook investors left guessing after Nasdaq glitch
By admin | May 18, 2012
(Reuters) – Individual investors were left in the dark for hours on Friday about whether their buy and sell orders for newly issued Facebook shares had actually been executed, in the latest of a series high-profile exchange glitches in recent years. Massive demand for the social networking giant’s initial public offering, which set a trading volume record for U.S. market debuts, led to a 45-minute delay in the start of trading in the stock. But it was what happened after trading started that had some on Wall Street fuming. …
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Business Highlights
By admin | May 18, 2012
___Facebook falls flat in public debutAfter all the hype, Facebook’s first day as a public company ended where it began.In its much-anticipated debut on the Nasdaq Stock Market, Facebook’s stock closed …
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