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Latest Business News: Facebook Shares Finally Above IPO

Wochit 1:00 mins

It's finally happened. Some fourteen and a half months after its IPO, Facebook shares closed above its IPO price of $38/share for the first time since the date of its IPO. Investors who bought shares in Facebook's IPO and held until now are a whopping 5 cents in the money. The Bank of Japan is expected to keep monetary policy on hold, as its unprecedented easing and government stimulus gradually spread through the economy. The Financial Times reported Lloyds Banking Group Chief Executive Antonio Horta-Osorio told potential investors that he expects to see up to 70 percent of the bank's earnings returned to shareholders by 2015. Shareholders have not received a dividend from Lloyds since its ill-fated rescue of rival HBOS in 2008, when it was bailed out by Britain and ordered to halt payouts.

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