Top News Updates
North Korea resumes work on nuclear reactor-report
SEOUL (Reuters) - North Korea has resumed construction work on an experimental light water reactor (ELWR) in a move that could extend its capacity to produce more material for nuclear weapons, website 38North reported on Thursday. Based on April 30 satellite images, work halted in December at the reactor had now re-started, said the website (http://38north.org), run by the U.S.-Korea Institute at Johns Hopkins University and former U.S. State Department official Joel Wit. ...
Documents shed new light on Trayvon Martin killing
Trayvon Martin's autopsy shows he had marijuana in his system the night he was killed by neighborhood watch volunteer George Zimmerman, and a gunshot to his chest came from close range, according to nearly 200 pages of previously undisclosed documents released Thursday.
Facebook wraps up IPO, set for big Friday pop
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. Frenzied demand, especially from individual investors hoping to buy into an Internet juggernaut that touches hundreds of millions of people every day, is expected to drive Facebook well above its initial public offering price of $38 a share, which was already at the top end of its target of $34 to $38. ...
Facebook share flippers risk missing future IPOs
NEW YORK (Reuters) - Investors who managed to buy Facebook Inc shares ahead of the No. 1 social network's initial public offering might want to think twice before "flipping" them. Brokerages can impose restrictions on participating in future IPOs for those trying to profit from market debuts. Some serial flippers could even face lifetime bans. Strong demand for the third-largest initial share sale in U.S. history has fueled anticipation of a big pop in Facebook's stock price once it begins trading on Friday. [ID:nL1E8GH5U4] Only Visa Inc and General Motors Co had bigger IPOs. ...
Factbox: Facebook and its IPO: by the numbers
(Reuters) - Facebook Inc starts trading on Friday after having raised more than $16 billion in the world's largest technology IPO. Its splashy debut is the culmination of eight years of breakneck growth, as it emerged from Mark Zuckerberg's Harvard dorm room to become the No. 1 social network, linking nearly 1 in 7 people on the planet. Here are key facts about what could be the second-largest IPO in U.S. history, exceeded only by Visa Inc's. ...
Morgan Stanley ups Facebook IPO share cap to 5,000
NEW YORK (Reuters) - Morgan Stanley Smith Barney, one of the three lead underwriters on the Facebook Inc IPO, has increased the number of Facebook shares it will allow advisers to allocate to each client account. The firm previously set a cap of 500 shares per retail client, but e-mailed advisers late on Thursday afternoon that it had increased the limit to 5,000 shares, according to two sources familiar with the situation, who declined to be named because they are not permitted to speak to the press. ...
Facebook's IPO one of world's largest
In one of the largest initial public offerings of stock ever, Facebook said Thursday that it is raising at least $16 billion for itself and its early investors in a transaction that values the world's definitive online social network at $104 billion.
Suicide adds to history of Kennedy misfortunes
Every family has its share of pain and triumph. And then there are the Kennedys.
News Guide: Questions on Trayvon case documents
Officials on Thursday released nearly 200 pages of previously undisclosed documents in the Trayvon Martin fatal shooting case in which neighborhood watch volunteer George Zimmerman has been charged with second-degree murder.
Disco Queen Donna Summer dies at 63
Like the King of Pop or the Queen of Soul, Donna Summer was bestowed a title fitting of musical royalty — the Queen of Disco.