SAN FRANCISCO (Reuters) - For a company that is dramatically upending business strategies and social relationships around the world, Facebook Inc made a surprisingly modest debut on the Nasdaq on Friday as a sky-high valuation and trading glitches capped the stock's rise. In late trading, Facebook shares were only a few cents above the company's initial public offering price of $38, after opening 11 percent higher, rapidly heading south to touch their initial price and then rebounding by several dollars. ...
TORONTO (Reuters) - The unprecedented boardroom rout that storied Canadian Pacific Railway suffered this week at the hands of a brash New York hedge fund is a flashing warning signal for other members of the Canadian corporate establishment. If a blue-chip bastion like CP Rail, Canada's second-largest railroad, can succumb to an activist's push for change, companies of all stripes best prepare for closer scrutiny of their boards and challenges to their authority, experts say. ...
TORONTO (Reuters) - Toronto's main stock index gave up its gains on Friday as resource shares sank on worsening problems in Greece and Spain while a late tumble in U.S. equities spurred further selling in commodity markets. The Toronto Stock Exchange's S&P/TSX composite index turned negative, down 19.59 points, or 0.2 percent, at 11,311.09. (Reporting by Jon Cook, Editing by Gary Crosse)
NEW YORK (Reuters) - World stocks erased the year's gains on Friday as investors fled risky investments for safe-haven assets on concerns about the euro zone's deepening debt woes, while U.S. stocks lost ground after the market debut of social network Facebook failed to lift optimism. Brent crude briefly slipped below $107 per barrel to its lowest in 2012 as the euro zone crisis raised fears of a global slowdown that could dent oil demand, while German borrowing costs hit record lows. World stocks, as measured by the MSCI index , dropped 1. ...
As a tough-as-nails CIA spy in USA Network's "Covert Affairs," Piper Perabo needs to keep her body in top condition. After all her character is often seen dodging bullets, jumping out of planes and of course chasing down the bad guys. With all of this action, the actress tells Healthy Hollywood good food is essential. "I have to eat really healthy to do action sequences all day long. When I'm working on the show I'm really serious about my nutrition."
ROME (Reuters) - Novak Djokovic and Rafa Nadal moved a step closer to another possible final showdown after recording straight-set wins in the quarter-finals of the Rome Masters on Friday. Holder and top seed Djokovic survived a tight first set to beat Frenchman Jo-Wilfried Tsonga 7-5 6-1, while Nadal, striking the ball better than he has done in months, recorded an impressive 6-4 7-5 victory over in-form Czech Tomas Berdych. Djokovic and Tsonga exchanged two service breaks apiece to reach 5-5, but the Serb clinched the opening set when the fifth seed served his first double fault. ...
As a tough-as-nails CIA spy in USA Network's "Covert Affairs," Piper Perabo needs to keep her body in top condition. After all her character is often seen dodging bullets, jumping out of planes and of course chasing down the bad guys. With all of this action, the actress tells Healthy Hollywood good food is essential. "I have to eat really healthy to do action sequences all day long. When I'm working on the show I'm really serious about my nutrition."