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No room for error in Facebook's debut quarter
Jul 20th, 2012
SAN FRANCISCO (Reuters) - Facebook Inc faces immense pressure to beat Wall Street's financial targets when its delivers its inaugural quarterly earnings report next week, hoping to wash away the bad taste left with investors from a soured IPO. The No. 1 social networking company's second-quarter report on July 26 will be scrutinized by investors looking for clues on the health of its business, which is experiencing a sharp slowdown in revenue growth and mounting questions about its advertising sales. With a rich multiple that gave Facebook the distinction of being the first U.S. ... (Source: Reuters) -
AIR FORCE ACADEMY, Colo. (AP) - The U.S. service academies are ramping up efforts to groom a new breed of cyberspace warriors to confront increasing threats to the nation's military and civilian computer networks that control everything from electrical power grids to the banking system. (Source: Associated Press)... [Full Article]
MUNICH (AP) - The highest profile trial of neo-Nazis in years began Monday in Munich, with four men and a woman facing charges in the killings of nine ethnic minority businessmen - eight Turks and one Greek - and a German policewoman between 2000 and 2007. (Source: Associated Press)... [Full Article]
By Lisa Richwine and Patricia Reaney NEW YORK (Reuters) - Superhero sequel "Iron Man 3" rocketed to the top of U.S. and Canadian box office charts, kicking off Hollywood's summer movie season with $175.3 million in weekend ticket sales for the second-biggest film opening of all time. Combined with international sales, the movie from ... [Full Article]
By Tom Bill LONDON (Reuters) - Almost a quarter of commercial property loans in Britain are higher in value than the underlying real estate, a study showed on Friday, highlighting the toxic legacy of reckless lending before the financial crash. The figure grew to 23 percent at the end of 2012 from 20 percent a year earlier, according to De Montfort... [Full Article]