Facebook fizzles in debut, shares skirt IPO priceSAN FRANCISCO (Reuters) - Facebook Inc shares fizzled on their first day of trade on the Nasdaq, erasing early gains of as much as 18 percent to trade close to their initial public offering price.
8 minutes ago - Share Worries mount as Nokia burns through cashLONDON/HELSINKI, May 18 (IFR/Reuters) - Nokia Oyj is tearing through its cash reserves at an unsustainable rate, raising what some analysts say are serious questions about the struggling Finnish phone maker's ability to stabilize its finances in the months ahead.
3 hours ago - Share Verizon data fans to pay more in service or phonesNEW YORK (Reuters) - Verizon Wireless plans to make its data-hungry customers pay a lot more, either in service fees or smartphone prices, as it tries to cut costs and boost revenue from data services.
3 hours ago - Share ZTE confirms security hole in U.S. phone(Reuters) - ZTE Corp, the world's No.4 handset vendor and one of two Chinese companies under U.S. scrutiny over security concerns, said one of its mobile phone models sold in the United States contains a vulnerability that researchers say could allow others to control the device.
9 hours ago - Share Ex-Yahoo CEO Thompson leaves F5 Networks' board(Reuters) - Networking gear maker F5 Networks said former Yahoo Inc CEO Scott Thompson has resigned from its board of directors, effective immediately.
26 minutes ago - Share GM ad move followed failed Facebook pitch: sourcesDETROIT/NEW YORK (Reuters) - Facebook may only have itself to blame for why General Motors rained on its IPO parade this week.
14 hours ago - Share Iran threatens to sue Google over dropping Persian GulfDUBAI (Reuters) - Iran's Foreign Ministry threatened on Thursday to take legal action against Google for dropping the name Persian Gulf from its Google Maps and leaving the waterway between Iran and Arab states nameless, state television reported.
20 hours ago - Share Samsung gets 9 million preorders for new Galaxy phone: reportSEOUL (Reuters) - Samsung Electronics Co has received some 9 million pre-orders for its third-generation Galaxy S smartphone from more than 100 global carriers, the Korea Economic Daily reported on Friday.
16 hours ago - Share EA must defend NCAA conspiracy lawsuit(Reuters) - Electronic Arts Inc lost its bid to be dismissed from a lawsuit accusing the video game company of involvement in an NCAA conspiracy to prevent college athletes from being paid.
18 hours ago - Share Insight: Who got Facebook IPO shares? Fairness may not come into itNEW YORK (Reuters) - A lot of loyal Facebook fans and occasional investors are discovering a hard truth this week: Money and connections talk, especially when it comes to a hot deal handled by Wall Street.
12 hours ago - Share 
