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2012-05-04
Let's hope Mark Zuckerberg has deep pockets in his hoodie. The Facebook CEO plans to sell 30.2 million shares of his stake in the social network when it publicly offers its stock later this month. If the company's IPO prices at the top of its $28 to $35 per-share range, Zuckerberg would pocket a "cool" $1.1 billion.

2012-05-04
It's the day techies and investors have been waiting for: Facebook set a price range of $28 to $35 per share for its initial public offering. It also upped the maximum size of its offering to $13.6 billion, up from its previous $5 billion estimate.

2012-05-03
Facebook's hotly anticipated stock market debut is growing near. The company is aiming to begin publicly trading on May 18, according to the Wall Street Journal.

2012-04-30
Spain has fallen into its second recession since 2009 as its economy shrank for the second consecutive quarter, according to a government report Monday.

2012-04-27
Zynga's first quarter results edged past analysts' expectations, pushing shares of the company that has a lot riding on the continued success of Facebook higher.

2012-04-25
When the Justice Department filed suit against Apple and five major book publishers alleging e-book price fixing, the government hawked it as a triumph for consumers.

2012-04-25
Dubais budget deficit narrowed sharply to AED3.7 billion ($1 billion) last year, helped by higher oil revenues and lower spending on development projects, a sovereign bond prospectus produced by the emirate shows.

2012-04-25
Much stronger than expected iPhone sales helped Apple nearly double its profit last quarter.The world's most valuable company said it sold 35.1 million iPhones during the first three months of 2012, soundly beating analysts' expectations.

2012-04-24
Two weeks after Microsoft bought $1.1 billion in patents from AOL, Facebook is getting a piece of the action.Facebook said Monday it will buy about 650 patents from Microsoft for $550 million. AOL (AOL) announced on April 9 that it had agreed to sell 925 patents to Microsoft (MSFT, Fortune 500) in an all-cash deal.

2012-04-24
Facebook surpassed 900 million active users last month, according to a regulatory filing, helping the social network post more than $1 billion in sales in the first quarter.

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