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Facebook stock slides to a record low, share-deluge looms
Jul 31st, 2012
SAN FRANCISCO (Reuters) - Facebook Inc's shares dived 6 percent to another record low on Tuesday, sliding for the third straight day since a lackluster quarterly report showed decelerating user growth. Investors have punished the stock of the No. 1 social network and other consumer-focused Internet companies such as Zynga Inc, questioning their ability to sustain growth and maintain lofty valuations. Last week, Facebook reported results but offered no outlook or forecast for the year, spooking investors who sought reassurance about growth in 2012. ... (Source: Reuters) -
(Reuters) - Google Inc is considering buying Israeli mobile satellite navigation start-up Waze Inc, which may lead to a bidding war with Facebook Inc, Bloomberg news reported, citing people familiar with the matter. Waze is seeking more than $1 billion and is fielding expressions of interest from multiple parties, said Bloomberg, citing a source. O... [Full Article]
MOSCOW (AP) - World stocks stabilized on Friday, a day after global markets dropped sharply on concerns global growth is slowing and the Federal Reserve could start scaling back its monetary stimulus. (Source: Associated Press)... [Full Article]
SAN FRANCISCO (Reuters) - Dell Inc, the subject of a takeover battle between activist investor Carl Icahn and the company's billionaire founder, reported a 79 percent slide in profit as personal computer sales continue to shrink. Revenue in its fiscal first quarter ended May 3 fell to $14.1 billion, while net income fell to $130 million, Dell ... [Full Article]
CARACAS (Reuters) - Venezuela's prosecutor's office said on Thursday it would open an investigation into in a recording the opposition says features a top government ally accusing the deputy head of the ruling Socialist Party of corruption and conspiring against the new president. Opposition deputies on Monday broadcast the recording of a... [Full Article]
ROME (AP) - Silvio Berlusconi's figure looms large over Rome's mayoral elections this weekend, even though the former premier isn't among the 19 candidates running. (Source: Associated Press)... [Full Article]
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