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IN THE PAPERS

Coverage of the third plane crash in one week - from France, Algeria and Burkina Faso

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IN THE PAPERS

Coverage of the plane crash that took 116 lives - almost half of them French

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DEBATE

Gaza: A Truce At All Costs?

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AFRICA NEWS

Central African Republic: Brazzaville ceasefire talks deliver fragile deal

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FOCUS

Sluggish tourist season in Crimea

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ENCORE!

Bartabas : Mixing Christ with Spanish music and dancing horses

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IN THE PAPERS

Shifts in the propaganda war waged between Israelis and Palestinians

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IN THE PAPERS

French MPs face quandary in pro-Palestinian rallies

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THE INTERVIEW

Yezid Sayigh, Senior Associate at the Carnegie Middle East Center in Beirut

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  • Live: ‘No survivors’ from Algerian plane crash, says Hollande

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  • Wreckage of Algeria plane found in Mali

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  • Protest against Gaza offensive turns deadly in West Bank

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  • Deadly strike on UN shelter in Gaza Strip

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  • BNP to pay $80 million for defrauding Dept of Agriculture

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  • Pope meets Christian woman sentenced to death in Sudan

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  • Air Algérie crash: 'We should eliminate the missile hypothesis'

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  • Italy’s Nibali cruises to victory in 18th stage of Tour de France

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  • Iraqi parliament elects moderate Kurd as president

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  • US, European agencies lift travel restrictions to Tel Aviv

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  • No end to fighting until Israel ends Gaza blockade, Hamas says

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  • Two foreign women shot dead in western Afghanistan

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  • At least 60 killed in attack on prison convoy near Baghdad

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Business

Facebook revenue stronger than expected

Text by News Wires

Latest update : 2012-07-26

Facebook announced stronger than expected results on Friday after a tumultuous first two months as a public company, reassuring concerned investors over the future of the social media giant.

AFP - Facebook is reporting stronger-than-expected revenue in the company’s first earnings report since its rocky initial public offering two months ago, offering some reprieve to worried investors.

Facebook Inc. said Thursday that it booked a net loss of $157 million, or 8 cents per share in the April-June period, mainly due to stock compensation expenses following its IPO. That compares with earnings of $240 million, or 11 cents per share, in the second quarter a year ago.

Revenue grew 32 percent to $1.18 billion from $895 million a year ago.

Adjusted earnings of $295 million, or 12 cents per share, matched Wall Street’s expectations. Analysts, on average had expected slightly lower revenue of $1.16 billion, according to FactSet.

Facebook’s stock fell 5.5 percent to $25.37 in after-hours trading.

Date created : 2012-07-26

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