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NEW YORK (Reuters) - Normally a big decline would set up Wall Street for a technical rebound. But that may not be the case next week, even after the market posted its worst weekly loss for the year and the S&P fell for six straight sessions. With the corporate earnings season drawing to an end and recent U.S. economic data raising doubts about the pace of growth, the S&P 500, which is down 7.3 percent so far in May, could decline further next week as concerns about the financial health of Europe persist. ...
Historic Facebook debut falls flat
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. Facebook shares began trading late Friday morning and opened 11 percent above the $38 offering price, but after peaking at about $45 slid rapidly at the end of the day to close at $38.23. The IPO was the third-largest in U.S. history and valued eight-year-old Facebook at $104 billion. ...
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Having seen hundreds of thousands killed in Algeria's last round of political turmoil, its citizens are leery of revolution - despite their hardships
The Yemeni Front Against al-Qaeda Heats Up
With U.S. arms and support, the government in Sana'a has ratcheted up its campaign against the terror group in the wake of an abortive bomb plot.
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Adam Gilchrist, the Kings XI Punjab captain, has said his playing career looks to be over
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Kevin Durant stood above the 3-point line and watched the shot clock dwindle in the final seconds of Game 4. When Metta World Peace backed up slightly on defense, Durant hesitated only an instant before launching a 26-footer.
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Though it is often a subject of ridicule in movies and on TV, sleepwalking is a serious problem. People have been known to leave their homes, drive, cook, and engage in other dangerous behaviors while asleep, and it turns out that such incidents are not as rare as previously believed. A survey of 16,000 US adults found that nearly a third had sleepwalked at least once in their lives, and a small percentage had done so on multiple occasions in the preceding year. Certain mental illnesses, sleep disorders, and medications were linked with an increased risk of sleepwalking. DiscussIn the News
Researchers on Thursday challenged a tenet of modern medicine that higher levels of "good" cholesterol automatically boost cardiovascular health.
Minorities overtake whites in US births
For the first time ever, white births in the United States are no longer in the majority, according to US Census Bureau estimates Thursday that underscored the growth of the Hispanic population.
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Prior to 1570, maps were often unreliable, illegible, and unwieldy. When Ortelius published his Theatrum orbis terrarium, it was the first comprehensive, easy-to-use, and fairly up-to-date collection of world maps. It drew from the works of 87 cartographers, all of whom were credited. Demand was immediate and persisted for decades, during which time dozens of editions were published in several languages. In addition to practical contemporary maps, Ortelius published what? DiscussThis Day in History
We are so bound together that no man can labor for himself alone. Each blow he strikes in his own behalf helps to mold the universe. DiscussQuote of the Day
Stewart was an American actor recognized for his self-effacing screen persona. His slow, halting line delivery initially made him difficult to cast, but his idealistic characters in films such as Mr. Smith Goes to Washington (1939) soon endeared him to audiences, and he won an Oscar in 1940. His role as the quintessential small-town man helped make It's a Wonderful Life (1946) a Christmas classic. What mysterious Nepalese artifact did Stewart allegedly smuggle out of India? DiscussToday's Birthday
Facebook shares struggled to stay above their $38 IPO price, as Wall Street bankers stepped in to prevent the newly minted stock from ending its first day with an embarrassing loss.
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