Late rally erases steep losses on Wall Street

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

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

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.

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.
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.
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.
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.

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.