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Business

AP-CNBC Poll: Half of Americans say Facebook appeal will fade, IPO shares overpriced

Half of Americans think Facebook is a passing fad, according to the results of a new Associated Press-CNBC poll. And, in the run-up to the social network's initial public offering of stock, half of Americans also say the social network's expected asking price is too high.

TSX slightly higher, eurozone anxiety increases as Greeks to head back to polls

TORONTO - The Toronto stock market was flat amid mounting anxiety over Greece's future in the eurozone on word that Greeks will head back to the polls.

Facebook raises IPO range to $34-$38 per share; offering would value it at more than $100B

NEW YORK, N.Y. - Facebook on Tuesday increased the price range at which it plans to sell stock to the public, as investor enthusiasm in the potential value of the world's most popular social network continued to climb.

Venizelos: Greece talks fail, country heading to new elections

ATHENS, Greece - Greek socialist leader Evangelos Venizelos says that Greece is going to new elections after talks produced no deal.

JPMorgan's Dimon to face shareholders, protesters over $2 billion loss

NEW YORK, N.Y. - JPMorgan Chase CEO Jamie Dimon was expected to face tough questioning at the bank's annual shareholders meeting Tuesday over a $2 billion trading mistake that has cost one of his senior executives her job.

Greek president widens govt talks to include 5 parties, tries to end the political deadlock

ATHENS, Greece - Seeking to end a nine-day deadlock, Greece's president was meeting Tuesday with five political party leaders to try to form a new government after inconclusive elections plunged the debt-laden country into further disarray.

US consumer prices flat in April as lower gas prices offset higher food, housing costs

WASHINGTON - U.S. consumer prices were flat last month as cheaper gas offset modest increases for food, clothing and housing. The data indicate that inflation remains in check.

US retail sales rose 0.1 per cent in April, sharp slowdown after big gains in previous 2 months

WASHINGTON - U.S. consumers barely increased their spending on retail goods in April. The weak gain was affected by cheaper gas prices and possibly a mild winter, which may have encouraged consumers to make purchases in the previous two months.

Avon shares plunge after Coty walks away from $10.7 billion takeover bid for troubled company

NEW YORK, N.Y. - Avon shares plunged in premarket trading Tuesday after Coty dropped its $10.7 billion takeover bid for the cosmetics company.

Facebook raises IPO range to $34-$38 per share; offering would value co. at more than $100B

NEW YORK, N.Y. - Facebook is raising the price at which it plans to sell stock to the public.

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