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Friday, May 18 AT 05:20 PM (IST)
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SAN FRANCISCO (Reuters) - The historic initial public offering of Facebook Inc did not go as planned on Friday, as the social networking company's sky-high valuation combined with trading glitches left the stock languishing near its offering price at the market close.
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Friday, May 18 AT 04:48 PM (IST)
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SAN FRANCISCO (Reuters) - Facebook Inc began trading on the Nasdaq on Friday, becoming the first American company to debut with a valuation above $100 billion.
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Friday, May 18 AT 03:59 PM (IST)
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SAN FRANCISCO (Reuters) - For a company that is dramatically upending business strategies and social relationships around the world, Facebook Inc made a surprisingly modest debut on the Nasdaq on Friday as a sky-high valuation and trading glitches capped the stock's rise.
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Friday, May 18 AT 03:25 PM (IST)
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(Reuters) - Individual investors were left guessing for more than two hours on Friday about whether their buy and sell orders for newly issued Facebook shares had been actually executed.
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Friday, May 18 AT 02:25 PM (IST)
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NEW YORK (Reuters) - Facebook Inc's modest debut on Friday may have averted a potential headache for the company and regulators, and kept at bay a debate over the role of "odd lots" in the marketplace.
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Friday, May 18 AT 01:49 PM (IST)
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WASHINGTON (Reuters) - The Pentagon said on Friday it believes China spent up to $180 billion on its military buildup last year, a far higher figure than acknowledged by Beijing, and it accused "Chinese actors" of being the world's biggest perpetrators of economic espionage.
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Friday, May 18 AT 01:26 PM (IST)
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SAN FRANCISCO (Reuters) - Facebook Inc shares rose less than expected on their first day of trade on Friday and huge order volume caused technical problems that marred the coming out party of the No. 1 online social network.
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Friday, May 18 AT 12:04 PM (IST)
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SAN FRANCISCO (Reuters) - Facebook Inc shares fizzled on their first day of trade on the Nasdaq, erasing early gains of as much as 18 percent to trade close to their initial public offering price.
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Friday, May 18 AT 11:49 AM (IST)
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NEW YORK/SAN FRANCISCO (Reuters) - Facebook Inc shares opened 11 percent higher on Friday, after the pioneering online social network raised as much as $18.4 billion in one of the biggest initial public offerings in U.S. history.
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Friday, May 18 AT 11:00 AM (IST)
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WASHINGTON (Reuters) - The Pentagon said on Friday it believes China spent up to $180 billion on its military buildup last year, a far higher figure than acknowledged by Beijing, and it accused "Chinese actors" of being the world's biggest perpetrators of economic espionage.
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Friday, May 18 AT 10:35 AM (IST)
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NEW YORK (Reuters) - Shorting the Facebook IPO on its first day of trading will not be for the faint of heart.
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Friday, May 18 AT 09:27 AM (IST)
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Toshiba India has launched its first full HD 3D Smart-TV in India, called the Toshiba VL20 LED Power TV, in two screen sizes - 40-inch (Rs. 75,990 - MRP) and 46-inch (Rs. 85,990 - MRP). Commenting on the launch, Mr. Tengguo Wu, Director - DS Division, Toshiba India, said:
“The launch of our first 3D Smart-TV is sure to catapult Toshiba into a new dimension of interactive consumer entertainment.
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Friday, May 18 AT 10:03 AM (IST)
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REUTERS - Investors are bracing for Facebook's Wall Street debut on Friday after the pioneering online social network raised about $16 billion in one of the biggest initial public offerings in U.S. history.
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Friday, May 18 AT 09:00 AM (IST)
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Karbonn Mobiles has launched of the Karbonn KT-21 Express mobile, with its second generation messaging solution, and touch and type features. The Karbonn KT-21 Express comes with access to Karbonn Smart Mail (a push mail service) and Karbonn Instant Messenger (KIM). It has been priced at Rs. 4,490.
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Friday, May 18 AT 07:32 AM (IST)
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LONDON/HELSINKI (IFR/Reuters) - Nokia Oyj is tearing through its cash reserves at an unsustainable rate, raising what some analysts say are serious questions about the struggling Finnish phone maker's ability to stabilise its finances in the months ahead.
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Friday, May 18 AT 04:55 AM (IST)
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REUTERS - The United States imposed punitive tariffs on solar panel imports from China, the latest in a series of trade disputes between the world's two biggest economies and sparking accusations by Beijing of protectionism.
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Friday, May 18 AT 03:27 AM (IST)
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BEIJING (Reuters) - China denounced U.S. anti-dumping tariffs on solar panels on Friday as unfair and damaging to both producers and consumers, warning that Washington's decision sent a "negative signal" about trade protectionism.
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Friday, May 18 AT 08:17 AM (IST)
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Twitter has announced it has joined the FTC's Do Not Track (DNT) initiative, better helping users ensure their data will not be shared with third parties, once they enable DNT on their browsers.
Do Not Track so far hasn’t had too many major backers, so Twitter’s presence should serve as a boost in credibility of the initiative, according to FTC chairman, Jon Leibowitz.
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Friday, May 18 AT 07:58 AM (IST)
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Vu Technologies has launched the Vu 3D camera in India, priced at Rs. 19,990. A 16MP camera, it can record full 1080p HD video in both 2D and 3D, at 30 frames per second. It is available at Vu stores across the country.
With the Vu 3D camera, users will be able to capture 3D still photographs as well. It features dual lens-dual sensor (DLDS) technology (two 16MP sensors), allowing it to capture stereoscopic images.
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Friday, May 18 AT 06:44 AM (IST)
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Bharti Airtel has slashed its 3G tariff plans, in some cases by up to 70%. The move stands to spark off a price war in the 3G segment, in an industry that is still recovering from the 2G price wars, and gradually increasing 2G voice rates from their all-time lows, with new TRAI proposals forcing matters.
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Friday, May 18 AT 05:24 AM (IST)
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The Microsoft Garage Science Fair, held at Microsoft's India Development Centre (MSIDC), is in its third year, and encourages company employees to innovate in their spare time. This year, it showcased roughly 60 projects, including a few for speech and visually impaired folks, such as Kinectacles and Kinect Bridge.
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Friday, May 18 AT 12:59 AM (IST)
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REUTERS - Investors are bracing for Facebook's Wall Street debut on Friday after the world's No.1 online social network raised about $16 billion in one of the biggest initial public offerings in U.S. history.
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Friday, May 18 AT 03:19 AM (IST)
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Anonymous has claimed responsibility for cyber-attacks on a host of Indian government websites, in retaliation to the country’s web censorship plans, which most recently blocked websites like Daily Motion, Pastebin, Vimeo and the The Pirate Bay.
Announcing the attacks, Anon_Central tweeted: "Namaste #India, your time has come to trash the current government and install a new one. Good luck.
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Friday, May 18 AT 02:51 AM (IST)
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Videocon has announced that it is adding 6 new authentic High Definition channels on its Direct To Home platform, d2h. These channels are what Videocon refers to as ‘Asli HD’ channels, to clarify up front that they are not upscaled, but original HD channels.
The new channels are - History TV HD, M Tunes HD, CNBC Prime HD, UTV Stars HD, Active 3D and Sony HD.
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Thursday, May 17 AT 08:55 PM (IST)
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SAN FRANCISCO/NEW YORK (Reuters) - Facebook Inc is set to raise up to $18.4 billion in its IPO and become the first U.S. company to be worth more than $100 billion at its debut, as investors bet on a big pop in the stock when it begins trading on the Nasdaq on Friday.
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