(Reuters) - Facebook shares sank 11 percent in the first day of trading without the full support of the company's underwriters, leaving some investors down almost 25 percent from where they were Friday and driving others to switch back to more established stocks.
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Published News » World News
Facebook shares sink 11 percent as reality overtakes hype
Posted by MEreporter 1 day 58 minutes ago (http://feeds.reuters.com)Flurry of arguments starts Gupta insider-trading trial
Posted by MEreporter 1 day 58 minutes ago (http://feeds.reuters.com)
NEW YORK (Reuters) - Former Goldman Sachs director Rajat Gupta "threw away his duties" by divulging bank secrets to hedge fund manager Raj Rajaratnam, a U.S. prosecutor said at the start of Gupta's insider-trading trial on Monday.
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Exclusive: U.S. envoy to Afghanistan to step down shortly
Posted by MEreporter 1 day 58 minutes ago (http://feeds.reuters.com)
CHICAGO (Reuters) - Veteran U.S. diplomat Ryan Crocker is expected to step down soon from his post as President Barack Obama's envoy to Afghanistan, departing the U.S. mission in Kabul as the United States negotiates a host of challenges on its course out of the long, costly war.
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Obama sketches four-pronged strategy for Europe, sees EU consensus
Posted by MEreporter 1 day 58 minutes ago (http://feeds.reuters.com)
CHICAGO (Reuters) - U.S. President Barack Obama urged Europe on Monday to strengthen its defenses against financial market turmoil and recapitalize its banks as part of a four-pronged strategy for tackling the euro zone crisis.
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No sign of breakthrough in U.N. nuclear chief's Tehran talks
Posted by MEreporter 1 day 58 minutes ago (http://feeds.reuters.com)
VIENNA/DUBAI (Reuters) - The U.N. nuclear watchdog chief held talks in Tehran on Monday ahead of a meeting between major powers and Iranian officials this week, but there was no immediate sign of a breakthrough in the tense confrontation over Iran's nuclear programme.
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