Bloomberg News

Top Headlines: Facebook Valuation: $96 Bln

May 03, 2012

Facebook Inc., the world’s most popular social-networking site, is valuing itself at as much as $96 billion in an initial public offering, the largest on record for an Internet company. MGM China Holdings Ltd., a Macau casino operator, reported an 18 percent increase in first-quarter sales as the number of Chinese tourists visiting the world’s largest gambling hub rose. European Central Bank President Mario Draghi said interest rates remain supportive and policy makers still expect a gradual economic recovery this year even as recent data cloud the outlook. Susan Li reports. (Source: Bloomberg)

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