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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.

Nasdaq hikes payout figure for botched Facebook IPO
Microsoft co-founder Bill Gates. ©REUTERS/Jim Urquhart
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.

Online woes spark first Microsoft loss ever
Stallone urges end to 'speculation' about son's death
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.

Stallone urges end to 'speculation' about son's death
Photo courtesy of itv.com
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.

Olympic security firm expects $77 million loss
Damaged building of BTA Bank in Zhanaozen. Photo by Maksim Popov©
BTA Bank estimates its damage from Zhanaozen clashes at 56 million tenge

BTA Bank has calculated its losses from December clashes in Zhanaozen.

BTA Bank estimates its damage from Zhanaozen clashes at 56 million tenge