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Lack of financial outlook drives down Facebook shares
Jul 27th, 2012
(Reuters) - Facebook Inc shares fell in premarket trading on Friday after the company's lack of a financial forecast reinforced concerns about its mobile strategy. The social network on Thursday reported a drastic slowdown in revenue growth and said its advertising views lagged user growth even as new social ads, which appear directly in users' "newsfeeds", drove up ad rates. Users increasingly access Facebook through mobiles, which have less space for advertising, undercutting revenue. Facebook only recently began to offer limited advertising on its mobile platform. ... (Source: Reuters) -
By Greg Roumeliotis NEW YORK (Reuters) - Alternative asset managers such as Blackstone Group LP and KKR & Co LP have for decades scoured the stock market for undervalued companies. Now they are trying to convince investors that shares in their own firms are a bargain. As a group, their valuations tend to be weighed down by at least three factor... [Full Article]
VATICAN CITY (AP) - The Vatican took another step Wednesday to show greater financial transparency by publishing the first annual report from its financial watchdog agency and announcing new regulations to fight money laundering and terror financing. (Source: Associated Press)... [Full Article]
By Poornima Gupta SAN FRANCISCO (Reuters) - Hewlett-Packard Co raised its 2013 earnings outlook after quarterly results beat low expectations, as CEO Meg Whitman's turnaround plan helped offset shrinking personal computer sales with enterprise computing services. While fiscal second-quarter profit plummeted 32 percent, Wall Street had braced f... [Full Article]
LONDON (AP) - Two U.K. government officials say a brutal attack that left one man dead near a London military barracks appears to have been motivated by radical Islam. (Source: Associated Press)... [Full Article]
BANGKOK (AP) - Asian stock markets fell Thursday, weighed down by a contraction in China's manufacturing that adds to signs a shaky recovery in the world's No. 2 economy is slowing. (Source: Associated Press)... [Full Article]
Despite all the glowing reviews of the HTC One, including all the reviews for the Samsung Galaxy S IV that ended up championing all the great things about the HTC One instead, HTC is currently falling apart - at least in part because of "disastrous" sales that wiped the HTC First (aka the Facebook phone) on its way out of the market. Two ... [Full Article]
HONG KONG (Reuters) - Shares in Chinese personal computer maker Lenovo Group Ltd jumped more than 4 percent after it reported a forecast-beating 90 percent rise in quarterly profit, its fastest in seven quarters. The stock rose as much as 4.3 percent in afternoon trade to HK$7.49 after it posted net profit of $126.9 million in the quarter ended in ... [Full Article]
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