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Facebook wraps up IPO, set for big Friday pop

Submitted by admin on Thu, 05/17/2012 - 18:45

SAN FRANCISCO/NEW YORK (Reuters) - Facebook Inc is set to raise up to $18.4 billion in its IPO and become the first U.S. company to be worth more than $100 billion at its debut, as investors bet on a big pop in the stock when it begins trading on the Nasdaq on Friday. Frenzied demand, especially from individual investors hoping to buy into an Internet juggernaut that touches hundreds of millions of people every day, is expected to drive Facebook well above its initial public offering price of $38 a share, which was already at the top end of its target of $34 to $38. ...

Wayne Newton sued over Las Vegas home museum plans

Submitted by admin on Thu, 05/17/2012 - 18:45

A company that bought the rights to convert Wayne Newton's Las Vegas home into a museum is suing the entertainer over allegations that he unreasonably delayed the project to ensure it never opens.

'American Idol' down to final 2 singers

Submitted by admin on Thu, 05/17/2012 - 18:45

"American Idol" finalist Joshua Ledet won't be belting it out on this season's final showdown.

Colorado wildfire grows amid erratic wind gusts

Submitted by admin on Thu, 05/17/2012 - 18:45

A fire burning near a scenic canyon in northern Colorado has grown from about 1.5 square miles to more than 11 square miles amid erratic winds kicked up by dry thunderstorms.

North Korea resumes work on nuclear reactor-report

Submitted by admin on Thu, 05/17/2012 - 18:45

SEOUL (Reuters) - North Korea has resumed construction work on an experimental light water reactor (ELWR) in a move that could extend its capacity to produce more material for nuclear weapons, website 38North reported on Thursday. Based on April 30 satellite images, work halted in December at the reactor had now re-started, said the website (http://38north.org), run by the U.S.-Korea Institute at Johns Hopkins University and former U.S. State Department official Joel Wit. ...

Facebook share flippers risk missing future IPOs

Submitted by admin on Thu, 05/17/2012 - 18:45

NEW YORK (Reuters) - Investors who managed to buy Facebook Inc shares ahead of the No. 1 social network's initial public offering might want to think twice before "flipping" them. Brokerages can impose restrictions on participating in future IPOs for those trying to profit from market debuts. Some serial flippers could even face lifetime bans. Strong demand for the third-largest initial share sale in U.S. history has fueled anticipation of a big pop in Facebook's stock price once it begins trading on Friday. [ID:nL1E8GH5U4] Only Visa Inc and General Motors Co had bigger IPOs. ...

Morgan Stanley ups Facebook IPO share cap to 5,000

Submitted by admin on Thu, 05/17/2012 - 18:45

NEW YORK (Reuters) - Morgan Stanley Smith Barney, one of the three lead underwriters on the Facebook Inc IPO, has increased the number of Facebook shares it will allow advisers to allocate to each client account. The firm previously set a cap of 500 shares per retail client, but e-mailed advisers late on Thursday afternoon that it had increased the limit to 5,000 shares, according to two sources familiar with the situation, who declined to be named because they are not permitted to speak to the press. ...

Factbox: Facebook and its IPO: by the numbers

Submitted by admin on Thu, 05/17/2012 - 18:45

(Reuters) - Facebook Inc starts trading on Friday after having raised more than $16 billion in the world's largest technology IPO. Its splashy debut is the culmination of eight years of breakneck growth, as it emerged from Mark Zuckerberg's Harvard dorm room to become the No. 1 social network, linking nearly 1 in 7 people on the planet. Here are key facts about what could be the second-largest IPO in U.S. history, exceeded only by Visa Inc's. ...

Five top models-turned-actors

Submitted by admin on Thu, 05/17/2012 - 18:45

Everyone in Hollywood wants to be a multi-hyphenate, right? Everyone wants to show they can do it all. A key figure in that tradition is the model-turned-actor. Maybe they wanted to act but had to take modeling gigs first; maybe they modeled first but wanted to prove they were more than just a pretty face.

Van Halen postpones summer concert dates

Submitted by admin on Thu, 05/17/2012 - 18:45

Van Halen is postponing some dates on its summer concert tour.

News Guide: Questions on Trayvon case documents

Submitted by admin on Thu, 05/17/2012 - 18:00

Officials on Thursday released nearly 200 pages of previously undisclosed documents in the Trayvon Martin fatal shooting case in which neighborhood watch volunteer George Zimmerman has been charged with second-degree murder.

Trayvon Martin had traces of marijuana in his system

Submitted by admin on Thu, 05/17/2012 - 18:00

ORLANDO, Florida (Reuters) - Florida teenage shooting victim Trayvon Martin had traces of marijuana in his system when he was killed by neighborhood watch volunteer George Zimmerman, according to case documents released on Thursday. The medical examiner's report was among nearly 200 pages and several audio recordings released in connection with the February 26 shooting, which triggered civil rights protests across the United States and ignited debates over guns, self-defense laws and race relations in America. ...

Larry King says talk show to resume this summer

Submitted by admin on Thu, 05/17/2012 - 18:00

Larry King said Thursday that his talk show will resume this summer on the new digital network Ora.TV, earlier than he or the network had anticipated.

'11 Nelson runner-up Palmer leads with opening 64

Submitted by admin on Thu, 05/17/2012 - 18:00

Ryan Palmer shot a bogey-free 6-under 64 on Thursday to take the first-round lead in the Byron Nelson Championship, a year after losing a playoff to Keegan Bradley in the event.

Questions and answers on blockbuster Facebook IPO

Submitted by admin on Thu, 05/17/2012 - 18:00

Taking a company public isn't as simple as collecting Facebook friends.

Pavarotti manager Herbert Breslin dead at 87

Submitted by admin on Thu, 05/17/2012 - 17:15

Herbert Breslin, the hard-driving manager who helped propel Luciano Pavarotti to international fame during the 36 years they worked together, has died, his wife said Thursday. He was 87.

Yahoo's new boss dumps recently created division

Submitted by admin on Thu, 05/17/2012 - 17:15

Yahoo's new boss is dismantling a consumer-commerce division created by recently dispatched CEO Scott Thompson.

Rowing on the Dal

Submitted by admin on Thu, 05/17/2012 - 17:15

A Kashmiri woman rows a boat in Dal lake, carrying lotus leaves used as cattle feed in Srinagar.

Keeping cool

Submitted by admin on Thu, 05/17/2012 - 17:15

An Indian boy bathes under a water pipe in a canal to cool off on a hot day in Allahabad.

Oregon bans Native American mascots in schools

Submitted by admin on Thu, 05/17/2012 - 17:15

Eight Oregon high schools will have to retire their Native American mascots after the Board of Education voted Thursday to prohibit them, giving the state some of the nation's toughest restrictions on Native American mascots, nicknames and logos.

Walking through Athens

Submitted by admin on Thu, 05/17/2012 - 17:15

People walk in central Athens as debt-laden Greece is headed for new elections next month amid growing fears over the country's eurozone future.

In the pink

Submitted by admin on Thu, 05/17/2012 - 17:15

Spain's rider Joaquim Rodriguez celebrates on the podium after retaining the leader's pink jersey during the 12th stage of the Giro d'Italia, a 155km ride from Seravezza to Sestri Levante.

UK taxpayer may lose 2 billion pounds on Northern Rock rescue - NAO

Submitted by admin on Thu, 05/17/2012 - 17:15

LONDON (Reuters) - UK taxpayers could lose up to 2 billion pounds from the government's 2008 rescue of mortgage lender Northern Rock by the time all the assets are wound down, according to the country's spending watchdog. The National Audit Office (NAO), an independent body that monitors value for money in government spending, said last year's sale of part of the bank was a good choice and the loss should be seen as part of the overall cost of securing the benefits of financial stability during the financial crisis. ...

Fate of fallen US political star Edwards set to go to jury

Submitted by admin on Thu, 05/17/2012 - 17:15

The trial of fallen US political star John Edwards wrapped up Thursday with the defense arguing he may have been a bad husband, but he had not broken any campaign finance laws.

Bilad Al-Qadeem

Submitted by admin on Thu, 05/17/2012 - 17:15

A Bahraini Shiite Muslim man moves away from tear gas that was fired by riot police during a protest in solidarity with jailed dissident Abdel Hadi Khawaja and prominent rights activist Nabeel Rajab, in Bilad Al-Qadeem, a suburb of Manama.

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Facebook wraps up IPO, set for big Friday pop

Wayne Newton sued over Las Vegas home museum plans

'American Idol' down to final 2 singers

Colorado wildfire grows amid erratic wind gusts

North Korea resumes work on nuclear reactor-report

Facebook share flippers risk missing future IPOs

Morgan Stanley ups Facebook IPO share cap to 5,000

Factbox: Facebook and its IPO: by the numbers

Five top models-turned-actors

Van Halen postpones summer concert dates

News Guide: Questions on Trayvon case documents

Trayvon Martin had traces of marijuana in his system

Larry King says talk show to resume this summer

'11 Nelson runner-up Palmer leads with opening 64

Questions and answers on blockbuster Facebook IPO

Pavarotti manager Herbert Breslin dead at 87

Yahoo's new boss dumps recently created division

Rowing on the Dal

Keeping cool

Oregon bans Native American mascots in schools

Walking through Athens

In the pink

UK taxpayer may lose 2 billion pounds on Northern Rock rescue - NAO

Fate of fallen US political star Edwards set to go to jury

Bilad Al-Qadeem

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