Star Silicon Valley analyst felled by Facebook IPO fallout

SAN FRANCISCO (Reuters) – The firing of Citigroup stock analyst Mark Mahaney on Friday in the regulatory fallout from Facebook Inc’s initial public offering was greeted with shock and dismay in Silicon Valley, where Mahaney was a well-known and well-liked figure.“Pretty shocked,” was the reaction of Jacob Funds Chief Executive Ryan Jacob, who described Mahaney as one...

Read More..

Lull in fighting between Israel, Gaza militants

JERUSALEM (AP) — A flare-up in fighting between Israel and militants from Gaza’s ruling Hamas movement has subsided.Both sides say the government in Egypt helped to restore calm. Israeli defense official Amos Gilad told Army Radio on Thursday that Egyptian security forces have “a very impressive ability” to convey to the militants that it...

Read More..

Facebook wins back friends on Wall Street, shares soar

(Reuters) – Facebook Inc’s shares headed towards their biggest one-day jump on Wednesday after the company reported a surprising rise in mobile advertising, easing concerns it was having trouble capitalizing on soaring use of smartphones and tablets.Facebook shares were up 21 percent at $ 23.55 in afternoon trade. They were sold for $ 38 each in their initial public...

Read More..

Novartis does not expect further sales bans of flu vaccines

ZURICH (Reuters) – The Chief Executive of Swiss drugmaker Novartis is confident its flu vaccines manufactured in Italy are safe and does not expect further countries to ban sales or halt deliveries.In a conference call to journalists, Chief Executive Joseph Jimenez said Novartis shipped the two vaccines produced in Italy to European markets and parts of Asia. He...

Read More..