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Facebook shares hit new low on growth worries Facebook shares on Thursday sank to a new low after the world's leading social network reported a loss of $157 million in its first earnings after its public offering.

27 July 2012

Beijing floods caused 'significant losses': official Weekend floods in Beijing caused "significant losses" and casualty numbers are still being tallied, the head of the worst-hit district has said, as residents of China's capital question the official toll.

25 July 2012

Nasdaq hikes payout figure for botched Facebook IPO Nasdaq on Friday raised to $62 million the amount of money it will set aside to cover trading losses due to computer glitches that disrupted the launch of Facebook shares onto the market.

21 July 2012

Online woes spark first Microsoft loss ever Microsoft posted its first ever loss on Thursday, shedding $492 million in the fourth quarter due to a massive $6.2 billion write-down to reflect the slump in value of its online operations.

21 July 2012

Stallone urges end to 'speculation' about son's death US screen actor Sylvester Stallone said Monday there was "no greater pain" than losing a child, and called for an end to speculation about the death of his eldest son Sage last week.

17 July 2012

Olympic security firm expects $77 million loss British security firm G4S said Friday it expects losses of up to $77 million after the government had to deploy extra troops for the Olympics because the company failed to provide enough guards.

15 July 2012