NEW YORK (Reuters) – U.S. stocks fell on Friday after a sloppy debut by Facebook Inc spoiled hopes that a spectacular open for the most-anticipated stock sale in years would brighten the mood in what has been a gloomy month for equity markets. Shares of Facebook, the social networking giant, were volatile in the...
Wal-Mart Stores Inc’s profit and sales surpassed expectations as more people shopped at its established U.S. stores and spent more, pushing shares up more than 4 percent despite ongoing internal and government probes into possible bribery. Wal-Mart’s shares jumped and briefly recovered all of the 8.2 percent plunge sustained after an April 21 New...
Facebook Inc will increase the size of its initial public offering by 25 percent, a source familiar with the matter said, and could raise as much as $16 billion amid strong investor demand for a share of the No.1 social network. (read the story…) Related items Facebook’s IPO already oversubscribed: source Facebook’s messy debut...
State Sen. Deb Fischer won the Republican nomination in Nebraska’s Senate race Tuesday, beating odds-on favorite Jon Bruning in a surprise upset. Fischer narrowly edged out the state Attorney General 41 to 36 percent with 91.5 percent of precincts reporting. State Treasurer Don Stenberg received 19 percent and three additional candidates divided the remainder...
Dick Lugar, the longest-serving Republican in the Senate, was defeated Tuesday as Indiana Republicans chose state Treasurer Richard Mourdock over Lugar as the party’s nominee. With 76 percent of precincts reporting, Mourdock received 60 percent to 40 percent for Lugar in the Hoosier (read the story…) Related items Upset in Nebraska GOP Senate...
