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Facebook reveals revenue, profit slide ahead of IPO

7:40pm EDT

SAN FRANCISCO - Facebook Inc reported its first quarter-to-quarter revenue slide in at least two years, a sign that the social network's sizzling growth may be cooling as it prepares to go public in the biggest ever Internet IPO.

Microsoft infringes Motorola Mobility patents: ITC judge

8:45pm EDT

WASHINGTON - Microsoft infringed Motorola Mobility's patents in making its popular Xbox gaming consoles, a judge for the U.S. International Trade Commission ruled on Monday.

Chesapeake Energy Corporation's 50-acre campus is seen in Oklahoma City, Oklahoma, on April 17, 2012. REUTERS/Steve Sisney

CEO's sales of well stakes raise questions

Chesapeake CEO Aubrey McClendon has employed another way to cash in on a perk unique to the company he runs: He sold his share of two large energy plays at the same time the company divested its interest.   Full Article 

Netherlands' Prime Minister Mark Rutte arrives at a ceremony for the victims of a bus crash in Switzerland, at the Sint Pieters church in Leuven, March 22, 2012. REUTERS/Pool/BELGA/Benoit Doppagne Yorick Jansens

Greeks detect hypocrisy as Dutch PM resigns

AMSTERDAM/ATHENS - Monday's resignation of the Dutch coalition over a failure to agree on budget cuts - which are modest compared with those endured by Greeks - aroused no sympathy in Athens.  Full Article | Video 

A picture illustration shows a 100 Dollar banknote laying on one Dollar banknotes, taken in Warsaw, January 13, 2011.   REUTERS/Kacsper Pempel

Regulators probe electronic check fraud

Bank regulators increasingly are cracking down on an obscure corner of the multibillion-dollar payments processing sector because security gaps are leaving banks exposed to money laundering from drug cartels and terrorists.  Full Article 

A man waits for customers at his privately-licenced stall in Havana, February 1, 2012. REUTERS/Desmond Boylan

Cuba plans massive shift to "non-state" sector

HAVANA - Cuba will move nearly 50 percent of the state's economic activity to the "non-state" sector, a senior Communist party official said, the latest signal the island is headed toward a mixed economy.  Full Article 

An oil tanker loads gas in Assaluyeh seaport, 870 miles south of Tehran, Iran, May 27, 2006. REUTERS/Morteza Nikoubazl

Half of Iran's tanker fleet storing oil at sea

SINGAPORE - Iran has deployed more than half its fleet of supertankers to store oil at anchorage in the Gulf as buyers of its crude cut back because of sanctions.  Full Article 

A haul of about 206 million U.S. dollars is seen with confiscated weapons after the money was found stashed in closets, suitcases, and drawers in a house in an upscale neighbourhood of Mexico City, March 15, 2007. REUTERS/Procuraduria General de La Republica/Handout

Crime one of the world's "top 20 economies"

VIENNA - Crime generates an estimated $2.1 trillion in global annual proceeds - or 3.6 percent of the world's gross domestic product - and the problem may be growing, a senior U.N. official said.  Full Article 

Hugo Dixon

The IMF's euro conditions are not what they seem

The IMF's message that the euro zone must submit to stricter discipline isn't quite what it seems. In fact, the global lender is in some ways calling for less rather than more short-term austerity. So if Europeans submit to IMF discipline, it will ironically mean less sacrifice.  Commentary 

Nader Mousavizadeh

China’s war of the oligarchs

For all the elements of murder, mystery and missing fortunes in the Bo Xilai tale, the focus of China’s political and economic leaders is on their cascading power struggle and what it holds for the future management of the world’s second-largest economy.  Commentary 

Felix Salmon

What does the Walmex corruption scandal mean for Banco Wal-Mart?

An explosive New York Times investigation of corruption in Wal-Mart's Mexican operations does not mention Banco Wal-Mart, but the Mexican banking authorities should now start asking pointed questions and even consider revoking Banco Walmart’s license.   Full Article 

David Rohde

At Bosnia massacre site, fears of genocide by ballot

In Srebrenica, home to an 8,100-person massacre during the Bosnian conflict, Muslims might lose political power, completing their forced removal from the town. The international community can and should stop it from happening.  Commentary 

John C Abell

Watch out: A hearts and minds battle for your wrist

A Kickstarter project has raised more than $5.3 million in eight days for a watch that needs a smartphone to do anything interesting. And that’s the secret of the project's success: It makes the smartphone we already have a little more convenient to use.  Commentary 

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