Gap 1Q profit flat but outlook bright, shares rise
Sales gains at its Old Navy, Gap and Banana Republic chains and online helped clothing seller Gap Inc. overcome rising costs and post first-quarter net income on Thursday that was unchanged from a year earlier.
Facebook's $16 billion IPO one of world's largest
Facebook's initial public offering of stock is one of the largest ever. The world's definitive online social network is raising at least $16 billion for the company and its early investors in a transaction that values Facebook at $104 billion.
In the pink
Spain's rider Joaquim Rodriguez celebrates on the podium after retaining the leader's pink jersey during the 12th stage of the Giro d'Italia, a 155km ride from Seravezza to Sestri Levante.
UK taxpayer may lose 2 billion pounds on Northern Rock rescue - NAO
LONDON (Reuters) - UK taxpayers could lose up to 2 billion pounds from the government's 2008 rescue of mortgage lender Northern Rock by the time all the assets are wound down, according to the country's spending watchdog. The National Audit Office (NAO), an independent body that monitors value for money in government spending, said last year's sale of part of the bank was a good choice and the loss should be seen as part of the overall cost of securing the benefits of financial stability during the financial crisis. ...
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