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Thursday, May 17, 2012

Facebook names its price; OWS targets NATO; America's most "well-read" city; and more.

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The Slatest: May 17, 2012

Facebook's First Shares To Sell For $38

Facebook's First Shares To Sell For $38

The social network is on track to be the third-largest IPO in history, and the largest ever for an Internet company.

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Single Shot From "Intermediate Range" Killed Trayvon

Single Shot From "Intermediate Range" Killed Trayvon

The official autopsy also noted one small cut on Martin's hand below the knuckle.

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Thousands Expected at OWS-Themed Protests at NATO Summit

Thousands Expected at OWS-Themed Protests at NATO Summit

Demonstrators are arriving by the busload in Chicago ahead of this weekend's international meetings.

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Catholics, Georgetown Spar Over Sebelius Speech

Catholics, Georgetown Spar Over Sebelius Speech

The Archdiocese of Washington is among those upset that the school invited the HHS secretary to speak on campus.

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D.C. Suburb Tops List of Most "Well-Read" U.S. Cities

D.C. Suburb Tops List of Most "Well-Read" U.S. Cities

Miami, meanwhile, came in a surprise sixth on Amazon's annual list.

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RFK Jr.'s Wife Found Dead

RFK Jr.'s Wife Found Dead

Early reports suggest that Mary Kennedy, who had struggled with alcohol and drugs, killed herself.

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Romney Raises $40.1 Million in April

Romney Raises $40.1 Million in April

After opening the doors to general-election donations, the presumptive nominee nearly matches Obama's monthly haul.

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Census: Minority Births Are Now Majority in U.S.

Census: Minority Births Are Now Majority in U.S.

The long-awaited shift raises important policy questions for a nation that has grappled with discrimination and Hispanic immigration.

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Manhunt Underway For Groom Accused Of Killing Bride

Manhunt Underway For Groom Accused Of Killing Bride

Estrella Carrera, 26, was found dead in her bathtub hours after a wedding she had kept secret from her family.

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From Slate:

Saletan: Anti-Obama Rage Is About To Get Uglier Than You Ever Imagined

Saletan: Anti-Obama Rage Is About To Get Uglier Than You Ever Imagined

The CW's Buzzy New  Sex in the City Prequel About Carrie Bradshaw as a Teenager

The CW's Buzzy New Sex in the City Prequel About Carrie Bradshaw as a Teenager

Never Lose at Battleship Again: A Game Analyst's Foolproof Strategy

Never Lose at Battleship Again: A Game Analyst's Foolproof Strategy

Wes Anderson on Why He Really Loves Making Commercials

Wes Anderson on Why He Really Loves Making Commercials

Souter Trashed the  Citizens United Decision in a Secret, Scathing Dissent. Let's See It!

Souter Trashed the Citizens United Decision in a Secret, Scathing Dissent. Let's See It!

The Dictator: The Movie That Will Sour You on Sacha Baron Cohen

The Dictator: The Movie That Will Sour You on Sacha Baron Cohen

Do Band-Aids Do Anything Useful?

Do Band-Aids Do Anything Useful?

Tabitha Soren's Breathtaking Photos of People Running

Tabitha Soren's Breathtaking Photos of People Running

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Daily Investor Briefing: S&P 500 finishes at 4-month low...

Reuters » Daily Investor Update
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05/17/2012
Reuters Election 2012 Daily round-up of the day's top news from the campaign trail, the White House and all the politics in between
S&P 500 finishes at 4-month low
NEW YORK (Reuters) - U.S. stocks hit a four-month low on Thursday, as rising Spanish bond yields increased investor anxiety over that country's banks and another round of weak data undermined hopes for U.S. economic recovery.
Facebook prices at top of range in landmark IPO
NEW YORK/SAN FRANCISCO (Reuters) - Facebook Inc priced its initial public offering at $38 a share, giving the world's No. 1 online social network a $104 billion valuation in the third largest offering in U.S. history.
Senate Banking Committee to ask Dimon to testify
WASHINGTON (Reuters) - JPMorgan Chase & Co Chief Executive Jamie Dimon will be invited to testify before Congress over the recent trading losses announced by the bank, U.S. Senate Banking Committee Chairman Tim Johnson said in a statement on Thursday.
Gupta trial could feature big corporate stars
NEW YORK (Reuters) - Lloyd Blankfein, Warren Buffett and other well-known chieftains of corporate America might be called to testify at the insider trading trial starting on Monday of former Goldman Sachs Group Inc and Procter & Gamble Co director Rajat Gupta.
Gap sales rise, profit stays steady
(Reuters) - Gap Inc's quarterly profit stayed the same as the company managed to improve sales while still mending margins.
MGIC sues Freddie Mac in insurance dispute
(Reuters) - Mortgage insurer MGIC Investment Corp has sued mortgage financier Freddie Mac and the Federal Housing Finance Administration to settle a dispute over coverage limits on certain insurance policies.
HP mulls cutting at least 25,000 jobs: sources
(Reuters) - Hewlett-Packard Co is considering cutting its workforce by 8 to 10 percent, or a minimum of 25,000 jobs, sources familiar with the matter told Reuters, as newly installed CEO Meg Whitman strives to return the storied Silicon Valley institution to growth.
Strong Wal-Mart profit trumps bribery probe concerns
(Reuters) - Wal-Mart Stores Inc's profit and sales surpassed expectations on Thursday as more people shopped at its established U.S. stores and spent more, pushing shares up 5 percent despite ongoing internal and government probes into possible bribery.
GM to make first sports car with SS nameplate
DETROIT (Reuters) - General Motors Co, the largest U.S. automaker, will begin selling its first rear-wheel-drive performance sedan under the Chevrolet brand in the United States in 17 years, it said Thursday.
Warren Buffett to buy Media General newspapers
(Reuters) - Warren Buffett's Berkshire Hathaway Inc is boosting its bet on the newspaper industry, with a deal to buy the majority of Media General Inc's papers for $142 million in cash, making him one of the largest publishers in the United States.
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