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Facebook Expected To Begin Offering Stock For First Time

Posted February 1st, 2012 at 12:40 am (UTC-5)
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Financial news reports say the world’s largest social networking site, Facebook, will seek to raise $5 billion or more when it files the papers Wednesday to offer stock for sale for the first time. The initial public offering is also known as an “I-P-O.” Each share of stock gives the stock buyer part ownership of […]

Tags: , , Posted in Economy, US

Egyptian Official Returns US Request to Lift Travel Ban

Posted February 1st, 2012 at 12:05 am (UTC-5)
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Egypt’s justice minister Tuesday returned a letter he received from the U.S. ambassador, who had asked Egypt to lift a travel ban on Americans working with pro-democracy groups in the country. Justice Minister Adel Abdel-Hamid said the letter should have been addressed to the judges investigating the groups, and that only those subject to the […]

Tags: , , Posted in Middle East