May 18, 2012

Facebook IPO


Facebook IPO Makes Zuckerberg Richer Than Google Founders


Facebook Inc. (FB)'s $16 billion initial public offering has made 28-year-old Mark Zuckerberg the 29th richest person on Earth.
Facebook, the world's most popular social networking company, sold 421.2 million shares for $38 each. At that price, the 503.6 million shares and options Zuckerberg owns are valued at $19.1 billion, making him

Clippers-Spurs Preview



Clippers-Spurs Preview

5/18/2012

SAN ANTONIO (AP) -- Hours before turning 30 years old, Tony Parker grinned Wednesday as though his lowest-scoring playoff game since his early twenties was an early birthday gift from the Los Angeles Clippers.
Across town, Chris Paul wasn't in such high spirits.
The marquee Paul vs. Parker matchup was a scoring bust for both All-Stars in the Western Conference semifinals opener, which the San Antonio Spurs won 108-92 despite their playmaking point guard scoring just seven points on 1-of-9 shooting. Paul didn't shine any brighter, scoring six while going 3 for 13.
Paul finished third in the league MVP voting this season, and Parker was fifth. Yet heading into Game 2 on Thursday night, they're so far together being outscored by Spurs rookieKawhi Leonard.

Dwyane Wade, Erik Spoelstra exchange words


Pacers crush Heat to take series lead; Dwyane Wade, Erik Spoelstra exchange words

Published: Friday, May 18, 2012
LeBron James, Dwyane WadeNDIANAPOLIS—Dwyane Wade and Erik Spoelstra stood face to face, looking more like two boxers promoting a fight than player and coach. They continued to exchange words and Wade’s Miami Heat teammates worked to quell the confrontation.
“Dwyane and I have been together for a long time,” Spoelstra said. “We’ve been through basically everything—a lot of different roles and a lot of different teams. That really is nothing.”
Wade’s response: “I don’t even know what y’all are talking about.”

Reality TV


Reality TV, celebrity obsession hit Cannes screens
CANNES | Fri May 18, 2012
Director Matteo Garrone poses during a photocall for the film ''Reality'', in competition at the 65th Cannes Film Festival, May 18, 2012. REUTERS/Vincent Kessler(Reuters) - Obsession with celebrity is the focus of Italian director Matteo Garrone's new movie "Reality" at the Cannes film festival, one of two pictures in the lineup exploring the corrosive power of instant fame and the desire to be watched.
Garrone is best known for his last film, the gritty "Gomorrah" about a Naples crime syndicate. But with "Reality" he switches gears, creating a modern day fairy tale whose protagonist's soul is slowly and

Disco Queen ...

Disco Queen Donna Summer endured after era faded
5/18/2012By MESFIN FEKADU, Associated Press
Like the King of Pop or the Queen of Soul, Donna Summer was bestowed a title fitting of musical royalty — the Queen of Disco.
Yet unlike Michael Jackson or Aretha Franklin, it was a designation she wasn't comfortable embracing.
"I grew up on rock 'n' roll," Summer once said when explaining her reluctance to claim the title.

China Warns


China Warns Solar-Panel Tariff May Backfire

BEIJING—China unleashed a storm of protest across multiple outlets criticizing the U.S. decision to impose a 31% antidumping tariff on Chinese solar-panel makers and said the action could backfire on U.S. industries.
SOLARThe U.S. decision against China raises trade tensions, which already were heightened because of issues ranging from China's export quota on rare-earth minerals to imports of Iranian crude. It also comes during a U.S. election year, in which the Obama administration has been criticized for not getting tough on China's trade activities or currency valuation.

Greek banks


Greek banks strain for cash

 @CNNMoney May 18, 2012

NEW YORK (CNNMoney) -- The Greek financial system is straining hard for cash.
Bank customers in Greece, lining up recently at an ATM, have made widespread withdrawals of cash.Consumers and businesses are making massive withdrawals from Greece's banks -- leading to concern the beleaguered nation could be forced out of the eurozone by a banking crisis even before its government runs out of cash.
Deposits are the lifeblood of any bank, and Greeks pulled 800 million euros out of the banking system on Tuesday alone, the most recent day for which figures are available.
At the same time, the European Central Bank this week cut back -- at least temporarily -- on how much it was willing to lend to some Greek banks. (Greece downgraded deeper into junk territory)
The central bank, whose loans have provided banks with much-needed cash, said it believed the loan

May 17, 2012

Wal-Mart sales jump

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Wal-Mart posts strong profit as U.S. sales jump

5/17/2012By Jessica Wohl
REUTERS - Wal-Mart Stores Inc posted a better-than-expected quarterly profit on Thursday, including a 2.6 percent rise in sales at its Walmart U.S. division's stores open at least a year, as warm weather and an earlier Easter enticed shoppers to spend.
The world's largest retailer, which was recently rocked by allegations of bribery in Mexico, earned $1.09 per share from continuing operations, compared with a profit of 98 cents a year earlier.
Wal-Mart had forecast earnings per share of $1.01 to $1.06. Analysts, on average, expected it to earn $1.04

Buffett's Berkshire buy...

Starbucks Blonde

Buffett's Berkshire to buy Media General papers

Warren Buffett's Berkshire Hathaway to buy 63 newspapers from Media General for $142M

5/17/2012
NEW YORK (AP) -- Billionaire Warren Buffett's company is making its largest foray into newspapers yet, agreeing to buy 63 papers from Media General Inc.
Richmond, Va.-based Media General says the $142 million deal includes the Richmond Times-Dispatch and the Winston-Salem Journal. The company is selling all its papers except those in Tampa, Fla., most importantly the Tampa Tribune. Media General says it is in talks with others for those papers.
Buffett's Berkshire Hathaway Inc. has owned the Buffalo News of New York for decades and recently bought its hometown paper, the Omaha World-Herald.
Buffett has defended newspapers. He has said that even though they face competition from the Internet, they will have a decent future if they continue delivering information that can't be found elsewhere and stop offering news free online.


beach-ready body

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Chrissy Teigen's tips for a beach-ready body

5/17/2012

By Sarah Bernard | The Thread
While you're committing to a pre-summer regimen filled with grilled chicken lunches and hours at the gym think about this: Supermodels also have some prep work to do before putting on a bikini. So says gorgeous Chrissy Teigen, the Thai-Norwegian stunner who has appeared in the Sports Illustrated Swimsuit Issue since 2010. Chrissy loves to eat -- which is one of the reasons why we love her -- and before a shoot forces herself to go hard with Pilates and a low-carb diet. We spoke to Teigen, who is engaged to singer John Legend, about her routine, how we can all feel confident while wearing relatively little, and her new swimwear line with diNeila Brazil. Watch this episode to see her suits which are made to flatter girls with curves and learn a surprising fact about Chrissy that we still can't believe!



10 Easiest Vegetables to Grow at Home


10 Easiest Vegetables to Grow at Home

onions5/17/2012By Tina McCarthy 
 
Gardening is hot, hot, hot. And why not? Planting a few seeds on your deck or in your backyard yields delicious, organic results - and money savings, too. You know the basics of how to start your own vegetable garden, but where do you go from here? Here are some crops that even the least green thumbed among you can tackle, and tips on how to make them flourish.

tomato

Verizon unlimited plans

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Verizon Wireless to scrap unlimited plans for 4G users

5/17/2012
NEW YORK (Reuters) - Verizon Wireless is planning to force customers to give up their unlimited data plans when they move to its high-speed wireless service, a top executive for parent companyVerizon Communications Inc said on Wednesday.
For now, Verizon Wireless customers who move to the company's highest-speed fourth generation (4G) network from its older network can still use the company's unlimited wireless data plan for a flat monthly fee.
But that will change after Verizon Wireless launches a new shared data plan offering this summer, according to Chief Financial Officer Fran Shammo.

Kasparov Challenges Putin


Chess Champ Kasparov Challenges Putin

By Christiane Amanpour, Matthew Drake, Iva Zoric, David Miller & Mark Monroy | Around the World 5/17/2012

Since Vladimir Putin regained his seat as President of Russia, reformists have taken to the street in growing numbers to protest against an election they believe was fraudulent and a government they believe is corrupt.

Google Knowledge Graph

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Google calls Knowledge Graph first baby step towards ‘Star Trek computer’


Google has just launched Knowledge Graph, the latest refinement to its search engine product that seeks to provide users with more relevant and in-depth responses to search queries. The company actually started testing this new interface last week, but now its ready to take the wraps off its new method for connecting search queries to information-rich topics on people, places, or things. Along with the standard search results you're used to seeing, Google's search results page now displays instant results related to your queries — a search for Taj Mahal immediately brings up a list of facts, photos, and a map of the famous landmark, as well as quick links to other popular uses of the search term (like the musician or the casino in New Jersey). There are a multitude of sources behind this data — Google cites Freebase, Wikipedia, and the

Kings

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Kings Remain Calm, Continuing Road Run


Chuck Brown

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Chuck Brown’s musical impact: Deep into Washington, and beyond

5/17/2012

All songs must end, but not when Chuck Brown played them.
He spent the early ’70s trying to make a name and a living, knocking out top-40 covers in District nightclubs and cabarets. One night, in an attempt to keep the dance floor from thinning out, he told his band to fill the dead air between songs with a beat. So his drummer kept the sticks moving. His percussionist kept slapping at the conga. His audience kept their heels on the parquet. His beat connected the songs.

Then, his songs connected the city.
A proud community formed around Brown’s music. He called it go-go because it wouldn’t stop. Day-Glo concert posters stapled to telephone poles in the ’80s promised 4 a.m.

May 16, 2012

'ring of fire' this weekend

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Solar eclipse blazes a 'ring of fire' this weekend

For the first time in 18 years, millions of people can watch the moon pass in front of the sun, exposing a brilliant scorching halo for up to 4.5 minutes in an annular solar eclipse.
by  

People lucky enough to be in Southeast Asia and the western U.S. this weekend will have the chance to view the first annular solar eclipse of its kind since 1994, according to NASA. Rather than a complete blocking out of the sun, as seen in a total eclipse, a "ring of fire" will radiate from behind the moon as it passes in front of the fiery globe.
The transformation will begin on Sunday as the moon makes its voyage across the sun; at one point, as much as 94 percent of the sun will be covered, according to NASA.

Facebook's Saverin says...

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Facebook's Saverin says he's not dodging taxes

5/16/2012 by Steven Musil  
Facebook co-founder Eduardo Saverin, who is simultaneously becoming one of the richer and more reviled people around, wants to set the record straight.
Saverin, who helped Mark Zuckerberg launch Facebook in 2004, will become an instant billionaire when the social-networking giant goes public in its massive IPO later this week. But Uncle Sam's tax bite is expected to be tempered by the fact that Saverin, a Brazilian who immigrated to the US as a boy to avoid kidnapping plots, has renounced his US citizenship.
The recent revelation has raised the consternation of many, including our ZDNet colleague David Gewirtz, who accuse Saverin of reaping the benefits of US citizenship and then skipping out when it was his turn to give back:

N.Y. police

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N.Y. police challenged on illegal stops and searches

from usa today 5/16/2012 
NEW YORK (AP) – Finding New York City's attitude "deeply troubling," a judge granted class action status Wednesday to a lawsuit that accuses police of discriminating against blacks and Hispanics with stops and searches without cause.
U.S. District Judge Shira Scheindlin ruled that there was "overwhelming evidence" that the practice has led to thousands of illegal stops.
The lawsuit alleges that the police department purposefully targeted black and Hispanic neighborhoods and said officers are pressured to meet quotas as part of the program and are punished if they don't.
The Police Department has said it made 203,500 street stops during the first three months of

French President ...

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French President François Hollande names allies, moderates to cabinet

ODD ANDERSEN/AFP/GettyImages
PARIS — François Hollande, the French president, unveiled a government of mainly moderate Socialists and longtime allies Wednesday as his new prime minister vowed to work quickly to put the country back on its feet.
He also met his promise to appoint an equal number of men and women in his cabinet, a first for France, although most of the senior posts went to men.
Prime Minister Jean-Marc Ayrault said Mr. Hollande’s new government would waste no time and would hold its first meeting Thursday, despite it being a public holiday, and would address the economic crisis.

Japan Stock Futures ...

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Japan Stock Futures Little Changed as Fed Ready to Act

By Adam Haigh - May 16, 2012 

Japanese and Australian stock futures were little changed after the Federal Reserve said it may provide more stimulus for the U.S. economy, offsetting concern that Greece’s debt crisis is worsening.
American depositary receipts of Sony Corp. (6758), Japan’s largest consumer electronics exporter that gets a fifth of its sales in Europe, fell 1.1 percent from the closing share price in Tokyo. Melco Holdings Inc. may be active after the Japanese manufacturer of computer peripherals said it expects a 22 percent increase in annual profit. ADRs of Woodside Petroleum
Ltd., Australia’s second-largest oil and gas producer, dropped 0.4 percent as crude prices declined.
Futures on Japan’s Nikkei 225 Stock Average expiring in June closed at 8,755 in Chicago

Mary Richardson Kennedy dead

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Mary Richardson Kennedy, wife of RFK Jr., found dead in New York



Mary Richardson Kennedy and Robert F. Kennedy Jr. NEW YORK — Mary Richardson Kennedy, the estranged wife of Robert F. Kennedy Jr., was found dead on the family’s property north of New York City on Wednesday, two years after her husband filed for divorce and following a history of drug and alcohol problems.

Kerry A. Lawrence, a lawyer who had represented Mary Kennedy in a 2010 drunk driving case, confirmed the death, but neither he nor police in the town of Bedford in Westchester County, N.Y., released a cause of death. An autopsy was scheduled Thursday, the Associated Press reported.

According to a brief statement from Bedford police, officers were called to the Kennedy home in neighboring Mount Kisco at 1:36 p.m. Wednesday “to investigate a possible unattended death.” The statement said that officers found “a deceased person inside an outbuilding” on the property and that an investigation into the cause of death was underway.


Federal Reserve minutes


Federal Reserve minutes: Fiscal cliff could hurt economy

5/16/2012By Annalyn Censky and Karen McGowan | CNNMoney.com

U.S. Federal Reserve Chairman Bernanke speaks at news conference following the monthly two-day meeting in WashingtonThe Federal Reserve is worried about indecision in Congress.
At its last meeting in April, the central bank's top officials discussed how coming tax increases and spending cuts could weigh on the recovery, and debated whether the Fed should provide additional stimulus to spur consumer spending.
"Participants expected that the government sector would be a drag on economic growth over coming quarters. They generally saw the U.S. fiscal situation also as a risk to the economic outlook; if agreement is not reached on a plan for the federal budget, a sharp fiscal tightening could occur at the start of 2013," the minutes from the meeting said.

Stocks to slip on Greece turmoil

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Stocks to slip on Greece turmoil

 @CNNMoneyInvest May 16, 2012

NEW YORK (CNNMoney) -- U.S. stock futures hovered around breakeven Wednesday morning, as the political uncertainty in Greece continues ahead of several U.S. economic reports and corporate earnings.
The Dow Jones industrial average (INDU), S&P 500 (SPX) and Nasdaq (COMP) futures were were slightly lower Wednesday morning. Stock futures indicate the possible direction of the markets when they open at 9:30 a.m. ET.
After politicians in Greece failed to agree on a coalition government, President Karolos Papoulias called for all parties to meet Wednesday to set up a caretaker government that willconduct new elections. The instability in Athens raised questions as to whether the country would be forced to leave the eurozone and what such a move would mean for other troubled European economies.
Those contagion fears sent bond prices lower once again in Italy and Spain, increasing their cost of borrowing further.

Palestinians going green

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After years of neglect, Palestinians going green

Officials are encouraging thousands of Palestinian children to collect compost, visit recycling centers, plant trees in hopes that the young generation will learn good habits.

By The Associated Press May.16, 2012 

Palestinian girls walk past an overflowing garbage container in Kufr Aqab village near Ramallah.In a society preoccupied with the struggle for independence from Israel, protecting the environment has often been sidelined - evidenced by the ubiquitous sight of burning trash and piles of garbage bags on sidewalks in this city of 30,000 north of Jerusalem.
Trying to raise awareness, officials are encouraging thousands of children to collect compost, visit recycling centers and plant trees. The hope is that

'Black box' found...

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'Black box' found of Russia jet in Indonesia crash
5/16/2012
By ALI KOTARUMALOS, Associated Press
JAKARTA, Indonesia (AP) — Investigators on Wednesday were analyzing the cockpit voice recorder from a Russian passenger jet that slammed into the side of an Indonesian volcano. They hope the final words of the two pilots will help explain what caused last week's crash, which killed all 45 people on board.
The "black box," found Tuesday at the bottom of a 500-meter (1,640-foot) ravine, was shattered and badly burned, said Tatang Kurniadi, who heads the National Commission on Safety Transportation, adding that

Hollande began work today

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Hollande to unveil cabinet after gender-equal pledge

5/16/2012 the legraphhe 

France's new prime minister Jean-Marc Ayrault began work today as President Francois Hollande was set to unveil his entire government and keep his promise of dividing cabinet posts equally between men and women. France's new prime minister Jean-Marc Ayrault began work today as President Francois Hollande was set to unveil his entire government and keep his promise of dividing cabinet posts equally between men and women.

Mr Hollande is expected to choose Aurelie Filipetti, a 38-year-old up-and-comer in the Socialist Party, for culture minister, while spokesman Najat Vallaud-Belkacem, 34, is likely to fill a junior post fighting discrimination.

Spurs' win

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Spurs' win streak hits 15 in 108-92 Game 1 victory

Associated Press | Posted: Wednesday, May 16, 2012
 


Spurs' win streak hits 15 in 108-92 Game 1 victory  The San Antonio Spurs had just taken Game 1, and Manu Ginobili didn't want to hear another word about winning 15 in a row or not losing in more than a month.
"I don't even want to know about that," Ginobili said.
On the other side of the AT&T Center, Clippers' All-Star Chris Paul needed no reminder that his wretched performance contributed to the Spurs' 108-92 victory over Los Angeles in the opener of the Western Conference semifinals on Tuesday night.
He just needed to deliver the message to his kid.
"Good game, Daddy," Paul's young son told this father in the locker room.
"No, bad game," Paul answered. "Daddy had a bad game. Daddy couldn't make a shot."
The Clippers _ once again _ won't have much time to get better.
Tim Duncan had 26 points and 10 rebounds following an eight-day layoff for the top-seeded Spurs, who wore

May 15, 2012

Warren Buffett’s investment moves

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Warren Buffett’s company reports several investment moves, including new GM, Viacom stakes
 By Associated Press, Updated: Tuesday, May 15, 
OMAHA, Neb. — Warren Buffett’s Berkshire Hathaway Inc. filed a report on its U.S. stock portfolio Tuesday showing the changes made between the end of last year and the end of the first quarter.

NEW INVESTMENTS:


— General Motors, 10 million shares.

— Viacom Inc., 1.6 million shares.