Facebook shares touch IPO level

Facebook shares touch IPO levelThe shares of social networking giant, Facebook have finally rose back to the level of its Initial Public Offering on Wednesday after trading lower for several quarters.

The company's shares rose to touch initial public offering price of $38, which the company made a high- profile debut 14 months earlier. Experts have said that the company has been able to make the recovery due to an increase in mobile advertising revenue in the country.

Comcast revenues rise 7% to $16.2 billion

Comcast revenues rise 7% to $16.2 billionComcast has said that it has recorded a growth of 7 per cent in its revenues to $16.2 billion during the second quarter of the year.

The company said that it benefitted from strong performance of NBCUniversal and an increase of its customers on the internet during the second quarter. The company's earnings increased 30 percent, to 65 cents a share during the quarter from April to June, 2013. The company's cable division recorded an increase 6 per cent in revenues to $10.5 billion during the second quarter compared to the same quarter of the previous year.

Ford Motor to launch CNG version of F-150 pickup truck

Ford Motor to launch CNG version of F-150 pickup truckUS automotive giant, Ford Motor has said that it is planning to launch a new version of its popular F-150 pickup truck that will be powered by a engine burning compressed natural gas, which is much cleaner burning fuel as an alternative fuel source to gasoline or diesel.

House passes measure to resolve student loan rates issue

House passes measure to resolve student loan rates issueThe House has approved a measure on Wednesday that gives an approval to ensures lower interest rates on loans for students that are looking to join colleges this fall season.

US economy records 1.7% growth in second quarter

US economy records 1.7% growth in second quarterAccording to the latest figures released, the American economy has grown at the rate of 1.7 per cent during the second quarter of the year, which is faster than most forecasts for growth for the economy.

The faster than expected growth in the world's largest economy has driven away fears that the country is slipping into a recession but experts said that it needs more time to return to the pre-crisis momentum. The authorities are seeing the economy is the modest growth trajectory and do not when it might pick up pace to benefit from large stimulus efforts of the central bank.

Commodity Trading Tips for Mustard by Kedia Commodity

MustardMustard yesterday settled up 1.02% at 3184 due to weak arrivals in local mandies along w

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