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Facebook stock closes nearly flat in debut

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. One of the most anticipated IPOs in Wall Street history ended on a flat note, with Facebook’s stock closing at $38.23, up 23 cents from Thursday night’s pricing. That ...

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Will Being on the Stock Market Change Facebook?

After the IPO, users may see changes to the site Facebook began trading on the Nasdaq today, priced at $38 a share. This puts the total value of the company at $104 billion, the third largest initial public offering ever after Visa and General Motors. CEO and founder Mark Zuckerberg started Facebook in 2004 from his dorm room at Harvard ...

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US to announce food security plan for Africa

US President Barack Obama is set to announce a $3bn (£1.9bn) plan to boost food security and farm productivity in Africa, US officials say. They say the initiative is aimed at alleviating shortages as world food supplies are being stretched by rising demand in Asia's emerging markets. Food security is expected to be on the agenda of this weekend's G-8 ...

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Kashmir horror: 358 kids die in hospital in five months

May 17: Rattled by large number of children’s death in Srinagar’s GB Pant children hospital, Jammu and Kashmir government on Wednesday ordered a high-level enquiry to probe the alarming death rate in the hospital. The government appointed director of Sher-e-Kashmir Institute of Medical Sciences (SKIMS) Showkat Zargar as the enquiry officer and asked him to submit the report on the ...

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North Korea ‘resuming work’ on nuclear reactor

Satellite imagery has revealed that North Korea has resumed work on a light water reactor that analysts believe indicates Pyongyang’s intention to push ahead with efforts to enrich uranium for nuclear weapons. The Yongbyon nuclear facility in Yongbyon, North Korea in November 2010 (left) and in April 2012 Photo: GeoEye/AP tag –> Julian Ryall in Tokyo 10:11AM BST 17 May ...

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Greek caretaker government sworn in

Athens: The Greek caretaker government, which will lead the country to the second round of national polls in June, was sworn in on Thursday morning at a ceremony held at the Presidential mansion in Athens. Headed by Panayiotis Pikrammenos, top judge of the Greek Supreme Administrative Court until his appointment to the post on Wednesday, it is tasked to “preserve ...

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Mahmoud Ahmadinejad: Why I won’t be going to the London Olympics

Iran’s president stays away but other controversial national leaders will attend, causing a headache for David Cameron President Mahmoud Ahmadinejad applauded Iran’s athletes but said he would not be going to London to watch them. Photograph: Atta Kenare/AFP/Getty Images Iran’s president, Mahmoud Ahmadinejad, has said he would like to come to the London Olympics but will not be attending because ...

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