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U.S. economic growth picked up in the third quarter, boosted by stronger consumer spending, an improving housing sector and increased defense spending. Gross domestic product, the broadest measure of the nation's economic health, grew at an annual rate of 2% from July to September, the Commerce Department said Friday, faster than the 1.3% rate in the second quarter.
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Facebook's investors and earliest executives already had the chance to sell off some of their holdings. That's because they held stock or stock options, Silicon Valley's traditional startup currency. Starting in 2007, though, Facebook switched to a different equity system. It began granting restricted units that only became actual stock after a "liquidity event." In this case, the trigger was Fac Read More... facebook's      week reckoning      here      All     
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Many analysts and traders bet that Facebook's IPO could spark a bit of jubilation next week among investors -- despite pesky problems in Europe that won't seem to go away, and worries over whether a bank like JPMorgan can still threaten the financial system.
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Bankruptcy judge Kevin Carey gave the first round to Johnson Controls on Thursday, allowing A123 access to the first $15 billion of financing from Johnson Controls -- once Johnson Controls agreed to cut the interest rate to match the offer from Wanxiang (see correction below).
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“The increase in our price target stems chiefly from across-the-board upward revisions in all of Apple’s businesses, with the iPhone contributing almost half of the increase.”
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