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 May 18, 2012 Afternoon Update |
 TOP NEWSDealBookFacebook Shares Open Trading With Modest GainsBy MICHAEL J. DE LA MERCEDAfter a gain of more than 10 percent at the start, the stock drifted back, then rose again. Facebook's army of bankers could keep the stock from falling even further. DealBookLive Updates on the Facebook I.P.O.By ERIC OWLES, JEFFREY CANE and WILLIAM ALDENDealBook's live blog will be tracking all of the reactions to the third-largest initial public offering in United States history. Leading Psychiatrist Apologizes for Study Supporting Gay 'Cure'By BENEDICT CAREYAt the end of his career, Dr. Robert L. Spitzer has reached a painful conclusion: "I believe," he wrote in a letter, "I owe the gay community an apology." I.A.E.A. Director General to Visit TehranBy RICK GLADSTONEThe unexpected announcement suggested that both the I.A.E.A. and Iran had accelerated the urgency of resolving their dispute over I.A.E.A. requests for access to a restricted Iranian military site. 'Princelings' in China Use Family Ties to Gain RichesBy DAVID BARBOZA and SHARON LaFRANIEREThe authorities are eager to paint the fallen official Bo Xilai, whose family has a substantial fortune, as a rogue operator. But other officials' relatives have also amassed vast wealth. |
ArtsOpinion |
BUSINESSPreferred Style: Don't Flaunt It in Silicon ValleyBy SOMINI SENGUPTAAt Facebook, ground zero for the nouveau tech riche in Silicon Valley, peer pressure dictates that consumption be kept on the down low. DealBookLong Odds on a Big Facebook PaydayBy NATHANIEL POPPERIf history offers any lesson, average investors may find they face steep odds if they hope to make big money in a much-hyped stock like Facebook. Wall Street Little Changed After Facebook DebutBy CHRISTINE HAUSERStocks on Wall Street traded nearly unchanged after Facebook's trading debut, leaving major indexes on track to close their worst week of the year. News AnalysisA Greek Exit? Euro Zone May Be ReadyBy BINYAMIN APPELBAUMYears of foot-dragging and brinkmanship have prepared the currency union for life without Greece. Firms to Invest in Food Production for World's PoorBy STEPHANIE STROMPresident Obama and four African leaders will introduce the group of companies, the Alliance for Food and Nutrition Security, on Friday at a forum on food security and agriculture. |
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