Menlo Park News
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Updated 13 minutes ago
Alan Shaw, the chemist and executive who led a six-year effort to turn inedible crops into fuels to displace gasoline, has renounced the industry he helped pioneer and decided the future instead lies with natural gas.
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Updated 16 minutes ago
Facebook Inc. reported sales that exceeded analysts’ estimates as the operator of the world’s most popular social-networking service attracted more marketers with new features and mobile-advertising tools.
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Facebook Inc. and a group of banks asked a federal judge to throw out investor claims that the company misled them about its financial condition before last year’s initial public offering.
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Updated 14 minutes ago
Facebook Inc., the largest social- networking service, is making headway in its push to boost sales by giving advertisers more ways to reach people who share photos and status updates over wireless devices.
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Updated 49 minutes ago
As the U.S. Treasury sells off its shares of General Motors Co., the automaker is likely to return to the Standard & Poor’s 500 Index in the next year, passing another milestone in its redemption.
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Alisher Usmanov, the Russian billionaire who made a more than 10-fold return from his investment in Facebook Inc., said he recently spent about $100 million buying Apple Inc. shares in anticipation they will rise.
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Millennial Media Inc., the seller of advertising space on smartphones that went public last year, is now 47 percent cheaper for companies such as Yahoo! Inc. and Microsoft Corp. that want to expand their share of the market.
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Cnooc Ltd., China’s biggest offshore energy explorer, is considering a sale of dollar-denominated bonds, five people familiar with the matter said.
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Nokia Growth Partners, the venture- capital arm of Nokia Oyj, plans to invest in California startup Pelican Imaging as the phonemaker seeks to win back customers from Apple Inc. and Android devices with cameras that give greater depth and ease of splicing together images.
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Facebook Inc., operator of the largest social-networking service, said Accel Partners’ James Breyer, an early investor in the company, won’t stand for re- election to the board.
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