Sat, May 19, 2012, 7:42 AM AEST - Australia Markets closed

Facebook falls flat in market debut

Facebook stumbled in its first trading day Friday as shares ended barely above the starting price after a glitch-plagued market debut on the Nasdaq that failed to live up to the enormous hype.The stock, ... More »Facebook falls flat in market debut

  • The Construction Forestry Mining and Energy Union (CFMEU) says workers at BHP Billiton's coking coal mines in Queensland's Bowen Basin will strike again from next Thursday.The union this evening served ...

  • Greek politics, Spain banks test eurozone AAP - 2 hours 3 minutes ago

    Chaos in Greek politics and Spanish banking combined this week to underscore just how fragile Europe's economy remains after an eviscerating austerity regime that has spawned unemployment, desperation ...

  • The Australian share market has hit a six-month low, wiping $32 billion off the All Ordinaries Index, as investors headed for the exits amid fears about the ongoing instability in the eurozone.Investors ...

  • Facebook falls flat in market debut

    Facebook stumbled in its first trading day Friday as shares ended barely above the starting price after a glitch-plagued market debut on the Nasdaq that failed to live up to the enormous hype.The stock, ...

  • Yahoo! stock climbs on report of Alibaba sale

    Yahoo! stock price climbed Friday on renewed rumors that it was close to a multibillion-dollar deal to sell half of its stake in Alibaba.com back to the Chinese online shopping portal.Yahoo! shares were ...

  • Briton wins battle to head European development bank

    The European Bank for Reconstruction and Development on Friday selected British top civil servant Suma Chakrabarti as its president to 2016, replacing German incumbent Thomas Mirow after a shock vote.Chakrabarti, ...

  • Repsol stops shipping liquid gas to Argentina

    Spanish petroleum giant Repsol on Friday cancelled its contract to supply liquid natural gas to Argentina after the South American nation seized control of its subsidiary YPF."We are terminating the ...

  • India's Tata Steel Q4 net profit dives 90 percent

    India's Tata Steel, the world's seventh-largest steelmaker, said Friday quarterly net profit plunged 90 percent from a year earlier, hit by high input costs and falling demand in its key European market.Tata ...

  • Greece tops G8 agenda as eurozone crisis snares Spain

    Fears that debt-stricken Greece may be headed for a chaotic eurozone exit loomed large as President Barack Obama met other G8 leaders for crisis talks in the United States on Friday.The Group of Eight ...

  • Facebook takes Wall Street roller-coaster ride

    Facebook saw roller-coaster action Friday in its first trading day as the social network with some 900 million members made one of the most eagerly awaited market debuts in history.Facebook shares, priced ...

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