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Facebook overvalued at $50 bln in Bloomberg’s global poll

Facebook overvalued at $50 bln: Bloomberg's global poll

Sixty-nine per cent of investors say Facebook is overvalued after Goldman Sachs invested $450 million in a deal that valued the company at $50 billion, according to the quarterly poll of 1,000 Bloomberg customers who are investors, traders or analysts.
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Broadcom CEO Scott McGregor stands in front of the company's logo in Taipei

Broadcom Earnings A Mixed Bag

Company announces a quarterly cash dividend increase while saying its revenue will sink in the first quarter of 2011.
The headquarters of the U.S. Food and Drug Administration (FDA) is seen in Silver Spring, Maryland

FDA rejects Orexigen's weight-loss drug

The U.S. Food and Drug Administration (FDA) has rejected Orexigen Therapeutics Inc.'s weight-loss drug Contrave on concerns over heart safety issues. Following the announcement, shares of the California-based company plunged nearly 72 percent in Tuesday's pre-market trade to $2.52.
 GE to host electric vehicle tour in US

Hawaii region gets its first Nissan Leaf

After a San Francisco Bay Area South Carolina, Seattle and Tennessee resident received the deliveries of all electric Leaf, Nissan Motors on Tuesday carried out its first Leaf delivery in the Hawaii region.
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Taco Bell insists it uses real beef

Taco Bell is introducing an advertising campaign to defend itself against accusations of a lawsuit which alleges that the fast-food chain doesn’t fill its tacos with real beef.

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