Facebook's IPO was a mess from day one, with Nasdaq delays and trading issues. Now shareholders are suing and the stock has plunged.NEW YORK (CNNMoney) -- Facebook's breathlessly hyped IPO on Friday has turned into a huge Wall Street debacle, with lots of confusion -- and now, lawsuits -- swirling around.Here's the still-developing blow-by-blow of how the biggest tech IPOs in U.S. history became such a mess.What happened on Friday? The strangeness began at the most basic level: actually opening Facebook for trading on Friday.The regular U.S. stock markets trading day begins at 9:30 a.m, but IPOs listed on the Nasdaq exchange typically don't start trading until at least an hour later. Nasdaq told traders early Friday that it expected Facebook (FB) shares to begin ... Continue reading →
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AFP - Iranian director Asghar Farhadi, who won this year's foreign-language picture Academy Award, claimed a prize at Cannes Sunday to help fund his next film, with fellow Oscar-winner Marion Cotillard. Farhadi, who made the wrenching family drama "A Separation", accepted the European Union's Prix Media with a 60,000-euro ($77,000) cash award. He said he would start filming the as-yet untitled picture starring Cotillard and fellow French actor Tahar Rahim later this year in France. "At a time when some politicians are trying to transform the beautiful rainbow of cultural diversity in the world into a field of differences and confrontations, I see this distinction as a very encouraging sign," Farhadi said, according to an EU statement. Cotillard, who won an Oscar for her portrayal ... Continue reading →
Saving Aesha: Life after Taliban attack - CNN.com Video Continue reading →
On May 17, International Day Against Homophobia, a small group of Iranians publicly displayed support for gay rights despite the country's tough laws against homosexuality and the social stigma.Here are very rare, if not unprecedented, pictures that were reportedly taken in Tehran. Note that the individuals were sure to hide their faces to avoid being identified and harassed. The activists displayed signs and rainbow flags, although many Iranians may not know that the rainbow flag is the symbol of the lesbian, gay, bisexual, and transgender (LGBT) rights movement. One sign apparently displayed on public transport says "No to homophobia." Growing up and living in Iran as a homosexual is not easy, as one Iranian homosexual activist told me. "I grew up with religious and Islamic ... Continue reading →
(CNN) -- An Iranian rapper is facing death threats and has a $100,000 bounty on his head for a song that some say insults an Islamic Shiite imam. Shahin Najafi, who sings in Farsi and lives in Germany, told the German website Qantara that the song "Naghi" is not about a religious figure but about the state of society in Iran. "The story with 'Naghi' was just a pretext," Najafi said in an interview with Qantara, which the German Foreign Office funds to promote dialogue with the Islamic world. "For me it is more of an excuse to talk about completely different things. I criticize Iranian society in the song. It seems as though people are just concentrating on the word 'imam,' " Najafi is ... Continue reading →
Morning Edition's Steve Inskeep talks to journalist Christopher de Bellaigue about his book Patriot of Persia: Muhammad Mossadegh and a Tragic Anglo-American Coup. Continue reading →
