(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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Facebook shares sink 11 percent as reality overtakes hype
Posted by MEreporter 2 days ago (http://feeds.reuters.com)Alibaba buys back 20 percent stake held by Yahoo for $7.1 billion
Posted by MEreporter 3 days ago (http://feeds.reuters.com)
(Reuters) - Yahoo Inc said it is to sell up to half of its stake in Internet entrepreneur Jack Ma's Alibaba Group back to the Chinese company for $7.1 billion, and hand most of the sale proceeds to its shareholders.
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China sets target of average 13 percent annual minimum wage rise
Posted by ReutersNews 106 days ago (http://feeds.reuters.com)
BEIJING (Reuters) - The annual average growth of China's minimum wages should be at least 13 percent in the five years to 2015, according to a government job market plan for the period published on Wednesday.
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GM aims for 10 percent profit margin over next few years: report
Posted by ReutersNews 107 days ago (http://feeds.reuters.com)
(Reuters) - General Motors aims to raise its profit margin to 10 percent over the next several years, up from the current margin of about 6 percent, Daniel Ammann, chief financial officer, told the Wall Street Journal in an interview.
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Citigroup cut investment bank bonuses by 30 percent: report
Posted by ReutersNews 117 days ago (http://feeds.reuters.com)
(Reuters) - Citigroup has cut bonuses for its investment banking division by about 30 percent on average, Bloomberg said, citing a person briefed on the matter.
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Olympus jumps 7 percent after Tokyo bourse keeps it listed
Posted by ReutersNews 122 days ago (http://feeds.reuters.com)
TOKYO (Reuters) - Shares of scandal-hit Olympus Corp jumped more than 7 percent in heavy trade on Monday after the Tokyo bourse kept the company listed, but placed it on its "security on alert" list for firms needing to urgently improve their internal management.
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Wall Street gains 1 percent as IMF gives Europe hope
Posted by ReutersNews 126 days ago (http://feeds.reuters.com)
NEW YORK (Reuters) - Stocks jumped to their highest since July on Wednesday as the International Monetary Fund sought to help countries hit by the European debt crisis, while forecast-beating earnings from Goldman Sachs dispelled some worries over bank profits.
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Payroll jobs up, jobless rate falls to 8.5 percent
Posted by ReutersNews 138 days ago (http://feeds.reuters.com)
WASHINGTON (Reuters) - Employment grew solidly last month and the jobless rate dropped to a near three-year low of 8.5 percent, offering the strongest evidence yet of an acceleration in economic activity.
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52 percent of kids under 8 use mobile devices
Posted by desidalal 209 days ago (http://technolog.msnbc.msn.com)
Mobile devices have become mini-pacifiers/babysitters for many wee ones: More than half of all children 8 and younger have access to mobile devices at home like a smartphone, video iPod, iPad or other tablet, according to a new study.
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