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SEC head says Facebook IPO issues should be reviewed
To match Insight FACEBOOK/FORECASTSWASHINGTON (Reuters) - The top securities regulator said on Tuesday that the problems surrounding Facebook's initial public offering should be reviewed, but those issues should not shake investor confidence in the markets. "I think there is a lot of reason to have confidence in our markets and in the integrity of how they operate, but there are issues that we need to look at specifically with respect to Facebook," Securities and Exchange Commission Chairman Mary Schapiro told reporters as she exited a Senate Banking Committee hearing. ...
Publ.Date : 2012-05-22T20:29:03Z
Legion's latest admission revives hypocrisy charge
The Legion of Christ religious order, already discredited for concealing the crimes of its pedophile founder, suffered another blow to its credibility Tuesday after its superior admitted he knew in 2005 that his most prominent priest had fathered a child, yet allowed him to keep teaching and preaching about morality.
Publ.Date : 2012-05-22T20:25:36Z
Google completes Motorola deal, heralding new era
This undated photo provided by Motorola shows newly appointed CEO Dennis Woodside. Woodside was previously president of Google's Americas region. (AP Photo/Motorola)Google has completed its $12.5 billion purchase of device maker Motorola Mobility in a deal that poses new challenges for the Internet's most powerful company as it tries to shape the future of mobile computing.
Publ.Date : 2012-05-22T20:27:49Z
'Device' claim causes France-US jet to divert
A woman on board US Airways Flight 787 said she had a A French woman forced a transatlantic flight from Paris to North Carolina to be diverted to Maine on Tuesday by claiming that she had a "surgically implanted device," US lawmakers said.
Publ.Date : 2012-05-22T21:18:23Z
Serial stabbings suspect guilty of murder in Mich.
FILE - In this Aug. 26, 2010, file photo Elias Abuelazam is escorted by authorities as he arrives in Flint, Mich., after being extradited from the state of Georgia. Abuelazam, suspected of fatally stabbing five men and wounding nine others in and around the Michigan city of Flint two summers ago, was convicted Tuesday, May 22, 2012 of first-degree murder in the first case to go to trial. Jurors rejected the insanity defense put forth for Abuelazam, finding him guilty of stabbing 49-year-old Arnold Minor in August 2010 and leaving him to bleed to death after midnight on a Flint street. He faces life in prison without parole. (AP Photo/Paul Sancya, Pool, File)A man suspected of fatally stabbing five men and wounding nine others in and around a Michigan city two summers ago was convicted Tuesday of first-degree murder in the first case to go to trial.
Publ.Date : 2012-05-22T20:32:22Z
Sheriff: Suspect linked by DNA to missing CA teen
FILE - An undated file photo shows a picture of 15-year-old Sierra LaMar at Burnett Elementary School in Morgan Hill, Calif. Authorities have arrested Antolin Garcia-Torres in the kidnapping and death of the Northern California teenager whose disappearance more than two months ago has prompted hundreds of volunteers to turn out for organized searches. (AP Photo/Ben Margot, File)A man was in custody Tuesday on suspicion of murder and kidnapping after his DNA was found in the bag of a missing girl whose abduction was believed to be a random act of violence, authorities said.
Publ.Date : 2012-05-22T20:34:24Z
SEC, FINRA to review Facebook issues, Nasdaq sued
File photo of the Facebook logo on a screen inside at the Nasdaq Marketsite in New York(Reuters) - Two top U.S. financial regulators said the issues around the initial public offering of Facebook should be reviewed, putting fresh pressure on the company, its embattled lead underwriter and the Nasdaq. After Friday's nearly flat close and Monday's 11 percent plunge, Facebook shares closed 8.9 percent lower at $31 on volume of 101 million shares. At that price the company has shed more than $19 billion in market capitalization from its $38-per-share offering price last week. ...
Publ.Date : 2012-05-22T21:13:12Z
U.S. ambassador in Kabul to leave because of health
U.S. President Obama shakes hands with U.S. Ambassador to Afghanistan Crocker upon his arrival at Bagram Air Base in KabulWASHINGTON (Reuters) - U.S. Ambassador to Afghanistan Ryan Crocker confirmed on Tuesday that he plans to step down this summer because of ill health, and sources said the highly regarded career diplomat was leaving at a time of his choosing and was not pushed out. Reuters reported on Monday that Crocker, a veteran diplomat who came out of retirement to take the demanding Kabul post, was expected to step down soon, leaving as Washington negotiates a host of challenges on its course out of the long, costly war. "Today, Ambassador Ryan Crocker confirmed to the Afghan Government, U.S. ...
Publ.Date : 2012-05-22T20:39:10Z
Oil near 2012 low, closes at $91.66
Oil prices dropped near their lows for the year following warnings of a "severe recession" in Europe and an apparent easing of tensions over Iran's nuclear program.
Publ.Date : 2012-05-22T20:23:55Z

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