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Where are Facebook's friends? Stock down after IPO
FILE - In a Friday, May 18, 2012 file photo, curious bystanders watch through the Nasdaq windows as Facebook shares begin trading, in New York. Facebook's stock is sinking nearly 7 percent, Monday, May 21, 2012, falling below the $38 IPO price, in the social network's second day of trading as a public company. (AP Photo/Richard Drew, File)Facebook was supposed to soar. Instead, it plunged.
Publ.Date : 2012-05-22T12:16:23Z
Gingrich's private ventures are going bankrupt
Republican presidential candidate and former Speaker of the House Newt Gingrich speaks during a campaign event at the Hilton Hotel in Arlington, Virginia(Reuters) - ATLANTA - When he entered the race for the Republican presidential nomination in May 2011, Newt Gingrich was the prosperous head of a small empire commonly known as Newt Inc, which included both for-profit consultancies and nonprofit foundations. Altogether, these entwined ventures pulled in more than $110 million over the past decade. Now the vestiges of this empire are mired in debt, as is Gingrich's campaign fund. ...
Publ.Date : 2012-05-22T12:08:48Z
Trapped Zimbabwe miners accounted for, no injuries
A conveyor belt carries ore extracted at Mimosa Platinum mineHARARE (Reuters) - All of around 60 miners trapped underground after an accident and fire at Zimbabwe's Mimosa platinum mine are accounted for and are being bring brought to the surface, the company said on Tuesday. "A number of employees who were accommodated in refuge bays due to low visibility are now in the process of being moved to the surface," Mimosa, a joint venture between South Africa's Impala Platinum (Implats) and London-listed Aquarius Platinum Ltd, said in a statement. "The fire has been contained. ...
Publ.Date : 2012-05-22T11:57:29Z
Best Buy profit falls, adj. earns tops Street view
FILE - In this Sept 12, 2011 file photo, a Best Buy employee looks over a cell phone contract for a customer at a Best Buy in Mountain View, Calif. Best Buy Co.'s fiscal first-quarter profit dropped 26 percent on restructuring charges as the struggling electronics retailer began implementing its turnaround plan. Its adjusted earnings and revenue both topped Wall Street's expectations. (AP Photo/Paul Sakuma, File)Best Buy Co. said Tuesday that its fiscal first-quarter profit dropped 26 percent on restructuring charges as the struggling electronics retailer began implementing its turnaround plan.
Publ.Date : 2012-05-22T12:52:12Z
Eurozone warned 'severe recession' looming
A woman walks past a closed-down travel agency plastered with concert posters in Madrid Monday May 21, 2012. Spain's economy minister de Guindos said the Spanish economy, which has contracted by 0.3 percent in each of the past two quarters, will shrink by about the same amount in the second quarter of 2012. The forecast is for it to decline 1.7 percent for the year. Unemployment stands at a staggering 24.4 percent, and exceeds 50 percent for people under age 25.(AP Photo/Paul White)The 17-country eurozone risks falling into a "severe recession," the Organization for Economic Cooperation and Development warned on Tuesday, as it called on governments and Europe's central bank to act quickly to keep the slowdown from dragging down the global economy.
Publ.Date : 2012-05-22T12:16:53Z
Egypt court convicts police over protest deaths
CAIRO (Reuters) - An Egyptian court sentenced five policemen on Tuesday to 10 years each in prison for their role in killing protesters in the uprising that toppled Hosni Mubarak, the first such convictions against a force that was blamed for hundreds of deaths. One of the driving forces behind demonstrations that have erupted since Mubarak was ousted in February last year has been anger that no officials or police have been held accountable for the deaths of more than 850 people during the uprising. ...
Publ.Date : 2012-05-22T12:05:32Z
Security beefed up at German magazine after threat
Security has been stepped up for employees of a German magazine and for members of a small far-right party after a known terrorist called for them to be killed in a video online, officials said Tuesday.
Publ.Date : 2012-05-22T11:55:13Z
Italy frees up to ?30BN to pay overdue bills
The Italian government is to free up to €30 billion ($38.25 billion) to make overdue payments to businesses that have supplied goods or services to state institutions.
Publ.Date : 2012-05-22T12:12:30Z
From rubble to rebuilding: A year in Joplin, Mo.
This three-photo combo shows a scene taken on May 23, 2011, top, July 20, 2011, center, and May 7, 2012, bottom, shows progress made in Joplin, Mo. in the year after an EF-5 tornado destroyed a large swath of the city and killed 161 people. In the top photo, Laura Vanzant looks for her dog at her home that was destroyed by the tornado and is today cleared of debris. (AP Photo/Charlie Riedel)The tornado that hit Joplin, Mo., a year ago took 161 lives, injured hundreds more and destroyed thousands of homes and buildings. It also fractured the landscape of the city and opened the door to a massive rebuilding and recovery operation.
Publ.Date : 2012-05-22T11:59:43Z