Friday, May 18, 2012

Facebook rises 13% at open

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Facebook up 13% at open

Facebook Inc shares opened 13 percent higher on Friday, after the pioneering online social network raised as much as $18.4 billion in one of the biggest initial public offerings in U.S. history.


Abbott to pay $1.6B to settle Depakote claims
Abbott to pay $1.6B to settle Depakote claims

Abbott Laboratories said Monday it will pay $1.6 billion to settle federal and state claims that it illegally marketed the anti-seizure medication Depakote for uses not approved by the Food and Drug Administration.

CME Group CEO Donohue to step down in May
CME Group CEO Donohue to step down in May

CME Group Inc. Chief Executive Officer Craig Donohue, who has led the exchange operator since 2004, will leave the company, probably before its annual meeting next month, he said on Thursday.

U. of C. reaches $10M settlement in James Tyree's death
U. of C. reaches $10M settlement in James Tyree's death

A $10 million settlement related to the death of former Chicago Sun-Times owner James Tyree has been reached between his estate and the University of Chicago Medical Center, where he died in March 2011 partly due to a medical error.


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