Facebook IPO shows galactic divide between investors
NEW YORK (Reuters) - It's no surprise to anyone that big investors get preferential treatment on Wall Street. Investors expressed disappointment, skepticism and even shock on Tuesday after learning that an analyst at lead underwriter Morgan Stanley cut his Facebook revenue forecasts in the days before the company's initial public offering - information that apparently did not reach small investors before the stock went public and subsequently tumbled. The divide between the research and retail arms of big Wall Street firms has always been deep. ... WATCH: Baby Penguin Reacts to First Sight of Human
Humans love to line up in front of the glass walls at penguin zoo exhibits, staring at the antics of the black-and-white, two-legged creatures. But what about when the tides are turned, when penguins get a chance to meet the strange humans, observing them...
  Best Buy tops expectations in Q1, online revenue and mobile sales up
 Best Buy on Tuesday reported results for the first quarter of 2012. The electronics retail giant posted better-than-expected earnings per share, despite declining store sales. Revenue came in at $11.6 billion, ahead of analysts’ consensus of $11.52 billion, and non-GAAP earnings came in at $0.72 per share, up 11% from the same quarter in 2011 and beating the Street’s estimates of $0.59 per share. Domestic online revenue rose by 20%, and domestic mobile-phone sales increased by 13%. “Best Buy is in a turnaround, and the strategic priorities we laid out at the beginning of the year are just the first phase of the changes to come,” said Mike Mikan, CEO (interim) of Best Buy. “We know we have to better
First Earth-Size Planets Found in Space
Scientists using NASA's Kepler space telescope say they have found two planets orbiting a distant star -- and say the planets are the first ever that are the size of Earth or smaller. That could be critical in the search for extraterrestrial life.
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