The Delaware Gazette

Late rally erases steep losses on Wall Street

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NEW YORK — A big final-hour come­back pulled the Dow Jones indus­trial aver­age nearly back to where it started Wednesday.

Facebook falls flat in public debut

NEW YORK — After all the hype, Facebook’s first day as a pub­lic com­pany ended where it began. In its much-anticipated debut on the Nas­daq Stock Mar­ket, Facebook’s stock closed Fri­day at $38.23, up 23 cents. It had been priced at $38 per share on Thurs­day night.

Stocks record biggest gains of year; Dow up 218

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NEW YORK — Bank stocks tur­bocharged a rally across the finan­cial mar­kets Tues­day, and all three major stock indexes posted their biggest gains of the year.

After IPO, Facebook will face new profit pressures

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SAN FRANCISCO — For all the huge num­bers in Facebook’s IPO papers, a sur­pris­ingly small fig­ure stands out: $4.39, the amount the site gen­er­ated per user last year.

Will Facebook deliver an IPO surprise?

NEW YORK — Face­book founder Mark Zucker­berg turns up at busi­ness con­ven­tions in a hoodie. “Cocky” is the word used to describe him most often, after “bil­lion­aire.” He was Time’s per­son of the year at 26.

After protest, Congress puts off movie piracy bill

WASHINGTON (AP) — Cav­ing to a mas­sive cam­paign by Inter­net ser­vices and their mil­lions of users, Con­gress indef­i­nitely post­poned leg­is­la­tion Fri­day to stop online piracy of movies and music cost­ing U.S. com­pa­nies bil­lions of dol­lars every year. Crit­ics said the bills would result in cen­sor­ship and sti­fle Inter­net innovation.

Verizon Wireless nixes Google Wallet in new phone

NEW YORK — Ver­i­zon Wire­less is block­ing Google’s new flag­ship phone from sup­port­ing Google’s attempt to make the smart­phone the credit card of the future.

Facebook settles with US over deception charges

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NEW YORK — Face­book is set­tling with the Fed­eral Trade Com­mis­sion over charges it deceived con­sumers with its pri­vacy set­tings to get peo­ple to share more per­sonal infor­ma­tion than they orig­i­nally agreed to.

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