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For General Motors, the price isn't right when it comes to an ad during next year's Super Bowl.
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Facebook falls flat in public debut NEW YORK (AP) - After all the hype, Facebook's first day as a public company ended where it began. |
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Communications and satellite company Intelsat Global Holdings S.A has filed plans to go public and hopes to raise up to $1.75 billion in the initial public offering of its stock.
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Facebook Inc. sold 180 million of its shares in its initial public stock offering. Another 241.2 million came from existing stockholders, including the company's earliest investors and CEO Mark Zuckerberg.
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FUN WHILE IT LASTED: May 1, 2012, the Dow Jones industrial average hit its highest point in four years. It was ahead by 8.7 percent for the year that day. Now, it's up by 1.2 percent after Friday's decline.
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Stocks that moved substantially or traded heavily Friday on the New York Stock Exchange and Nasdaq Stock Market:
NYSE Salesforce.com Inc., up $11.78 at $145.58 |
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Stocks fell Friday as investors set aside any excitement over the Facebook initial public offering and focused on Europe's debt problems. As recently as May 1, the Dow was up 8.7 percent for the year. Now it's up only 1.2 percent. It has fallen 12 of the...
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The dollar fell against the euro for the first time in a week, as excitement about Facebook's initial public offering overshadowed problems in Europe.
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Facebook is the hottest Internet company to hit the stock market since Google went public in 2004. The Silicon Valley companies, located seven miles apart, also happen to be locked in a bitter battle for Web surfers' allegiance and online advertisers'...
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Key barometers in the Treasury market late Friday, compared with late Thursday. Price changes in the 10-year note and 30-year bond are per $100 invested:
Today Previous session |
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Key developments in the eight years since Facebook Inc.'s creation:
February 2004: Mark Zuckerberg starts Facebook as a sophomore at Harvard University. March 2004: Facebook begins expansion to other colleges and universities. |
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Delta Air Lines said a glitch that appeared to show different airfares to frequent fliers happened because it was trying out a new company to power flight searches on its website.
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Facebook raised $16 billion in its initial public offering Thursday, pricing its stock at $38 per share. Its public debut was the most anticipated tech IPO since Google went public in August 2004. After an anxiety-filled half-hour delay, shares began...
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That morning cup is getting cheaper.
Kraft Foods Inc. says it is cutting its U.S. coffee prices in response to a drop in the price of unroasted beans. |
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Facebook may have made social networking a worldwide cultural phenomenon, but it wasn't the first Internet company to connect people online. And it won't be the last. Here's a look at how social networking has evolved. Some companies have come and gone.
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