Facebook, banks sued over pre-IPO analyst calls
(Reuters) - Facebook Inc and lead underwriter Morgan Stanley were sued by shareholders who claimed they hid the social networking company's weakened growth forecasts ahead of its $16 billion initial public offering. The lawsuit came as Facebook and the banks that took it public face questions about the IPO, which culminated in a May 18 stock market debut plagued by technical glitches. Facebook shares fell 18.4 percent from their $38 IPO price in their first three trading days. They were up $1.08, or 3.5 percent, at $32.08 in Wednesday afternoon trading. ...
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Facebook is set to launch its initial public offering.
Safety Experiment: Cars That 'Talk' to Each Other
Will traffic be safer and smoother if vehicles can “talk” to each other? That’s the question the Department of Transportation hopes to answer, starting this summer, with an ambitious year-long experiment in Ann Arbor, Michigan. In August the National Highway Traffic Safety Administration plans to...
Google Doodle's Playable Synth
If you were a little less productive at work the day Google had that cool Les Paul Doodle on its homepage — you know, the one that let you record your own guitar riffs — be prepared to lose even more time today. In celebration...
Water World: New 'Super-Earth' Found
Scientists report they have found an exoplanet -- a world orbiting a distant star, 22 light-years away -- that they call the best candidate yet to be the right temperature for liquid water and, perhaps, life. It is labeled GJ 667Cc, and it is located in the constellation Scorpio.
Ancient Plant Revived After 30,000 Years
The plant in this picture dates from the Pleistocene Age, 30,000 years ago, before agriculture, before writing, before the last Ice Age. And while it’s not accurate to say the plant itself is that old, scientists in Russia say they regenerated it from frozen cells...
