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Thursday, May 1, 2014

Takeover Digest- New York Times business news - May 1, (NASDAQ: FB)

The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy. * With the Republican-led filibuster of a Senate proposal to raise the federal minimum wage to $10.10 on Wednesday, Democrats moved swiftly to frame the vote as an example of the gulf that exists between the two parties on matters of economic fairness and upward mobility. (r.reuters.com/xad98v)* Facebook Inc announced on Wednesday that when its 1.3 billion users log in to other websites or mobile apps through their Facebook identities, they will be able to limit what they reveal to the site or app to just their email addresses and public profile information, like name and gender. (r.reuters.com/wad98v)

Facebook, Inc. (Facebook) is engaged in building products to create utility for users, developers, and advertisers. Shares of FB traded higher by 2.8% or $1.63/share to $59.78. In the past year, the shares have traded as low as $22.67 and as high as $72.59. On average, 69669000 shares of FB exchange hands on a given day and today's volume is recorded at 76093008.



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