Facebook Insider Sales Are Huge Red Flags
May 18, 2012 | Market Watch
If you had inside knowledge of a hot investment that you expected to be worth more in six months or even three months, why would you sell your stake this week? That’s a question retail investors should be asking themselves now that the level of stock-dumping among Facebook Inc. insiders has reached a level that can only be described as “Grouponesque.” Here’s just how much certain Facebook insiders are selling.
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Louisiana Business Group Leader to Resign
May 18, 2012 | The Advocate
Terry Jones, executive director of the Regional Innovation Organization, is resigning from his post amid communication disputes with the entrepreneurial group’s leadership board, Jones and board members said Thursday. RIO is funded and ultimately led by the Research Park Corp.
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Oklahoma City Group Rallies for Immigrant Youths
May 18, 2012 | The Oklahoman
A handful of students rallied above a bridge near SW 29 and Interstate 44 Thursday, waving a banner that read, “Dream Act OKC #RightToDream.” Participants are asking U.S. government to give a pathway to citizenship for those qualified under the Dream Act.
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For Average Investors, Long Odds on a Big Facebook Payday
May 18, 2012 | New York Times
Facebook shares will be tempting to buy when they start trading on Friday. The company has hefty profit margins, a household name and a shot at becoming the primary gateway to the Internet for much of the planet. But if history offers any lesson, average investors face steep odds if they hope to make big money in a much-hyped stock like Facebook.
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Report: Regulator Reviewing Groupon Trading
May 18, 2012 | Chicago Times
The Wall Street Journal reported Friday that a regulator with the Financial Industry Regulatory Authority, or Finra, is reviewing trading in Groupon stock that boosted the Chicago daily deal site’s share price hours before Groupon announced its earnings on Monday.
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Building the Next Facebook a Tough Task in Europe
May 18, 2012 | New York Times
In a start-up incubator tucked away in an upper floor of an office building in Neuilly-sur-Seine, a suburb of Paris, several dozen entrepreneurs dream of building the next Google, Facebook or Zynga. It might look like Silicon Valley, but one thing is missing: the money.
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Venture Fundraising Activity Climbs To Six Year High
May 18, 2012 | peHUB
Venture capital fundraising has been anemic for the past couple years. General partners hope to change that. The number of venture funds seeking money worldwide grew to a six-year high in May, according to a report released Thursday from Preqin. As of May, 369 funds were on the road hoping to raise $50.5B
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In North Dakota Oil Patch, Debate Over 'Man Camp' Housing
May 18, 2012 | St Paul Pioneer Press/AP
Across North Dakota's oil patch, so-called "man camps" cater to their hard-working tenants. Some offer deluxe amenities -- Internet cafes, satellite televisions, free laundry services, fitness equipment, pillow-top mattresses -- but all offer a place to stay in an area where housing is at a premium.
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Hewlett-Packard to Cut 30,000 Jobs
May 18, 2012 | New York Times
Hewlett-Packard’s chief executive, Meg Whitman, plans to cut 30,000 or more jobs next week, according to officials familiar with the plan. Her goal, they said Thursday, is to spend the money she saves on increasing the efficiency of the company’s sales force and on creating new products.
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URochester Gets First Crack at Watson
May 18, 2012 | Rochester Democrat & Chronicle
If this were Jeopardy!, the answer would be: Managing complex resources in the face of a major weather crisis. And the question would be: What is the best way to make use of IBM Watson technology? Four students at the University of Rochester this week won a competition designed to identify the best ways
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How Facebook Inspired Boston Startups
May 18, 2012 | Boston Business Journal
Facebook didn't stay in Boston, but its influence certainly did. I polled a handful of young Boston startup entrepreneurs and employees this week to see what sort of role, if any, Facebook played in inspiring them to take the tech startup route with their career.
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Governor Cooking the Job Creation Books, Claims Progess Iowa
May 18, 2012 | Des Moines Register
Gov. Terry Branstad is again facing heat this week for how he counts job creation efforts. Branstad earlier this week insisted that his administration is ‘way ahead’ in a goal to create 200,000 jobs in five years. State data, however, indicates the job growth at 16,500 in his first 16 months in office
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