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Wall Street struggles to find Facebook's worth

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In its three days of trading, Facebook's stock has dropped 18 per cent from its $38 issue price.

For the thousands of investors that bought at the IPO, that's bad enough, but one analysis of its ear

Dell Q1 net profit down nearly 33% at $635 million

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Leading computer maker Dell on Wednesday said its net profit declined by nearly 33 per cent to USD 635 million in the first quarter of 2012-13 ended April, 2012, impacted by flat performance in the As

Gupta jury hears competing views of Rajaratnam ties

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Former Goldman Sachs director Rajat Gupta was once on hedge fund billionaire Raj Rajaratnam's 'important people' list but excluded from a fantasy football celebration helicopter trip to Atlantic City

Dharun Ravi gets 30-day jail term for webcam spying

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Indian American student Dharun Ravi was on Monday sentenced to 30 days in jail by a New Jersey judge on hate crime charges for using a webcam to spy on a homosexual roommate who later committed suicid

Prosecutor says Rajat Gupta cheated, abandoned duties

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A former Goldman Sachs Group Inc board member ‘threw away his duties’ in divulging secrets about the investment bank to now-imprisoned hedge fund manager Raj Rajaratnam, a U.S. prosecutor said at the

Man survives plunge over Niagara Falls

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A man survived a plunge of at least 180 feet (55 metres) over Niagara Falls in an apparent suicide attempt, only the third person known to have lived after going over the falls without a safety device

NY man who dressed as dead mom sentenced for fraud

A man who dressed up as his mother in a bizarre real estate fraud that involved doctoring her death certificate and cashing her Social Security checks for six years after she died was sentenced on Mon

Apple's Cook top-paid US CEO in 2011: Report

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Apple chief executive Tim Cook topped the list of the best-paid CEOs in the US in 2011 thanks to stock options that put him more than $300 million above his next rival, a Wall Street Journal survey sh

Facebook shares plunge below IPO price

Facebook shares plunged more than eight per cent below the IPO price of $38 in opening trade on Monday, after fizzling in their debut on Friday.

Three minutes into opening trade, the shares were chan

Montek feels govt should raise petroleum prices

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Dismissing the perception of policy paralysis surrounding the union government, Planning Commission Deputy Chairman Montek Singh Ahluwalia feels the government should raise petroleum prices as part of

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I want to begin with a little story that was told to me by a leading executive at Aptech. He was exercising in a gym with a lot of younger people.

Shekhar Kapur’s Bandit Queen didn’t make the cut. Neither did Shaji Karun’s Piravi, which bagged 31 international awards.