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GM ad move followed failed Facebook pitch: sources
 DETROIT/NEW YORK (Reuters) - Facebook may only have itself to blame for why General Motors rained on its IPO parade this week. GM announced the decision to drop Facebook paid ads on Tuesday in what was the first highly visible crack in Facebook's strategy and illustrated doubts about its perceived advantage over traditional media. GM's decision followed Facebook officials' failure to convince top marketing executives at the U.S. automaker of the benefits of Facebook's paid ads at a meeting that took place in the past few weeks, people familiar with the meeting said on Thursday. ...
Morgan Stanley ups Facebook IPO share cap to 5,000
NEW YORK (Reuters) - Morgan Stanley Smith Barney, one of the three lead underwriters on the Facebook Inc IPO, has increased the number of Facebook shares it will allow advisers to allocate to each client account. The firm previously set a cap of 500 shares per retail client, but e-mailed advisers late on Thursday afternoon that it had increased the limit to 5,000 shares, according to two sources familiar with the situation, who declined to be named because they are not permitted to speak to the press. ...
Morgan Stanley ups Facebook IPO share cap to 5,000
NEW YORK (Reuters) - Morgan Stanley Smith Barney, one of the three lead underwriters on the Facebook Inc IPO, has increased the number of Facebook shares it will allow advisers to allocate to each client account. The firm previously set a cap of 500 shares per retail client, but e-mailed advisers late on Thursday afternoon that it had increased the limit to 5,000 shares, according to two sources familiar with the situation, who declined to be named because they are not permitted to speak to the press. ...
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Symantec shares drop after lowered 4Q outlook
Shares of Symantec Corp. took a hit Tuesday after the computer security and data storage company lowered its fourth-quarter adjusted earnings and revenue outlook citing weaker demand from its business customers.
Check Point Software 1Q profit grows 18 percent
Check Point Software Technologies Ltd. said Monday that its first-quarter earnings rose 18 percent, helped by growing demand for its Internet security software.
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Romney rejects Obama-Wright attacks, despite doing so in past
 Mitt Romney continued to distance his campaign from a conservative super PAC's proposal to run ads linking President Barack Obama to his controversial former pastor, the Rev. Jeremiah Wright. Speaking to reporters in Jacksonville, Fla., where he campaigned on Thursday, Romney said he rejects any efforts to link Obama with Wright. "I want to make [...]
Photos: Disco legend Donna Summer
 Singer Donna Summer performs during the David Foster and Friends concert at the Mandalay Bay Events Center October 15, 2010 in Las Vegas, Nevada. (Photo by Ethan Miller/Getty Images)
Next on the agenda: Guns-and-butter diplomacy
 President Barack Obama on Friday kicks off a frenetic four days of guns-and-butter diplomacy, including a pair of high-stakes international summits focused on reviving the sputtering global economy and winding down the unpopular war in Afghanistan. Both issues will shape Obama's legacy — not to mention his hopes for re-election in November. And the back-to-back [...]
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Strong Wal-Mart profit trumps bribery probe concerns
 Wal-Mart Inc's profit and sales surpassed expectations as more people shopped at its stores and spent more, pushing shares up more than 4 percent despite ongoing probes into possible bribery.
Colorado wildfire grows amid erratic wind gusts
 Hundreds of firefighters worked to combat a growing blaze that was scorching terrain around a scenic canyon in northern Colorado.
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