Posts Tagged Corporate news

Facebook investors to cash out more shares

This Feb. 8, 2012 file photo shows a Facebook worker smiling inside Facebook headquarters in Menlo Park, Calif.  Facebook says 25 percent more shares will be sold as investors clamor for a piece of the year's hottest stock offering. Facebook said in a regulatory filing Wednesday, May 16, 2012 that about 421 million shares will be sold, up from 337 million under its earlier plans. The news comes a day after Facebook raised the expected price range for the stock to a range of $34 to $38 per share, up from $28 to $35.  (AP Photo/Paul Sakuma, File)

NEW YORK (AP) — Responding to extraordinary demand, Facebook said Wednesday that it would sell more stock in the company’s initial public offering. But ahead of the IPO, a debate emerged between two of the nation’s largest automakers: Does it pay to advertise on the social network?

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McNamee turned on Clemens over son’s illness

Former Major League baseball pitcher Roger Clemens' former trainer Brian McNamee leaves federal court in Washington, Wednesday, May 16, 2012, after testifying in Clemens perjury trial. (AP Photo/Jacquelyn Martin)

WASHINGTON (AP) — Roger Clemens’ lawyer toyed with Brian McNamee’s memory and attacked him from several directions at once. The attorney even put an easel next to the witness with the words: “MISTAKE. BAD MEMORY. LIE.” Eventually, there came the inevitable question: “Do you sometimes just make stuff up?”

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Facebook investors to cash out more shares

This Feb. 8, 2012 file photo shows a Facebook worker smiling inside Facebook headquarters in Menlo Park, Calif.  Facebook says 25 percent more shares will be sold as investors clamor for a piece of the year's hottest stock offering. Facebook said in a regulatory filing Wednesday, May 16, 2012 that about 421 million shares will be sold, up from 337 million under its earlier plans. The news comes a day after Facebook raised the expected price range for the stock to a range of $34 to $38 per share, up from $28 to $35.  (AP Photo/Paul Sakuma, File)

NEW YORK (AP) — Insiders and early Facebook investors will be unloading more of their shares in the initial public offering, the company said Wednesday, as they take advantage of investor demand.

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Colo. man charged with taking Navajo Nation funds

ALBUQUERQUE, N.M. (AP) — Federal authorities say a man who allegedly spent millions of Navajo Nation funds for personal use has been indicted on federal tax evasion charges.

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Zuckerberg’s Facebook story is study in contrasts

In this Sept. 22, 2011 file photo, Facebook CEO Mark Zuckerberg smiles during the f/8 conference in San Francisco. As Facebook promotes the vision of its 28-year-old CEO as part of this week's first-ever sale of stock to the public, one of the most striking features of his persona is the contradiction between the public and private that remains at its center. Zuckerberg avoids questions about himself and once sued a magazine for publishing documents revealing details from his past.  (AP Photo/Paul Sakuma, File)

When Hollywood set out to tell the story of how Mark Zuckerberg launched Facebook, it enjoyed the flexibility of portraying a man who, despite his social network’s worldwide reach, was all but unknown to the public.

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