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L.A. Times - Business
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Headlines from latimes.com
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Trial attorney Jamon Hicks grew up in courtrooms
As a child, Jamon Hicks studied lawyers and judges in courtrooms where his mother worked as a clerk. Now an attorney with the Cochran Firm, he is president of the California Assn. of Black Lawyers.
The gig: As a kid Jamon Hicks spent many afternoons in courtrooms where his mother was a clerk. He still spends a lot of his time in courtrooms, but now Hicks, 32, is a trial attorney with the Cochran Firm in Los Angeles.



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Ellen Degeneres downsizes into 8,500-square-foot Beverly Hills home
The daytime show host has sold her 3-acre Beverly Hills compound, which includes four structures, to Ryan Seacrest.
Cyberspace was a-twitter this week with the news that Ryan Seacrest is buying Ellen DeGeneres' Beverly Hills compound for $37 million, and that she and spouse Portia de Rossi are moving no farther than a Hal Levitt-designed midcentury — also in Beverly Hills.



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Facebook shareholders are wedded to the whims of Mark Zuckerberg
Because of Facebook's two-class stock structure, the social networking giant's founder and CEO can do whatever he wants with the company, no matter what other shareholders may vote.
So, against all odds, you managed to get your hands on a few shares of Facebook stock via one of the most hyped initial public offerings of all time and managed to survive its messy first day of trading.



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Celebrity sellers have little effect on home prices
A famous name can boost buyer interest in a home, but it doesn't necessarily pump up the price.
Their internationally recognized names sell music and movie tickets. They promote perfumes and presidents. But when it comes to selling their own houses, celebrities often find that their cachet doesn't pull in the cash.



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Producer creating indie film boom
From bootlegging to Bin Laden's killers, movies are seeing the light of day thanks to a young mogul.
Upcoming films produced by Megan Ellison



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Facebook's gaming ecosystem looks shaky, book says
'Early Days: The Social Gaming Market and Facebook's Achilles' Heel' by P.J. McNealy argues that developers are creating fewer Facebook games because it has become impossible for them to make money.
Facebook Inc.'s initial public offering isn't just a flop on Wall Street. It's also not making waves in social gaming land.



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Facebook trading debut disappoints investors
An expected surge in Facebook shares fizzles. Glitches in trading don't help.
NEW YORK — First it popped, then it flopped.



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Facebook's lackluster debut hurts other social media stocks
Zynga, Yelp, Groupon and LinkedIn shares tumble on Facebook's first day as a publicly traded company.
Wall Street didn't get the Facebook effect it was hoping for.



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'Social travel' start-ups help travelers gather friends' tips
SAN JOSE — Wondering where to go on vacation this year, and what to do? A growing number of "social travel" start-ups offer alternatives to the trusty, dusty guidebook.



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Backers of health insurance rate regulation edge closer to ballot
Supporters of a proposed ballot measure seeking tighter regulation of health insurance rates in California turned in 800,000 petition signatures, confident that they will qualify for the Nov. 6 election.
Supporters of a proposed ballot measure seeking tighter regulation of health insurance rates in California turned in 800,000 petition signatures, confident that they will qualify for the Nov. 6 election.



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CBOE to start listing Facebook option contracts this month
Because of high investor interest, the Chicago Board Options Exchange will start listing Facebook option contracts on May 29, sooner than normal.
Facebook shares fell flat on their Nasdaq debut, but another trading venue for the stock will open later this month.



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April job losses end state's eight months of gains
Jobless rate falls as discouraged workers leave the labor force. Economists are disappointed by results amid a worsening state budget deficit, but cite long-term improvements.
California's labor market stumbled in April as employers in a wide swath of industries trimmed their payrolls, shaking the state's long-sputtering economy.



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Facebook IPO falls short of the hype
Facebook's flat performance on its first day of trading raises questions about the stock's prospects.
There wasn't much to like about Facebook's first day as a public company.



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Megan Ellison is energizing indie film world
The daughter of Silicon Valley billionaire Larry Ellison, she is helping to reinvigorate the independent film business with her deep pockets and highbrow tastes.
She's a 26-year-old former party girl with social anxiety issues, a motorcycle-riding iconoclast who dropped out of USC and attends meetings in Led Zeppelin T-shirts.



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Stocks fall on Europe worries; Facebook debuts
It's going to take more than Facebook's initial public offering to push the stock market higher.



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Facebook's epic fail
Maybe the dumb money wasn’t so dumb this time.


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U.S. regulators join probe into fire that destroyed electric car
U.S. auto-safety regulators are joining inquiries into a Texas garage fire that destroyed a Fisker Automotive Inc. Karma, a $103,000 plug-in electric vehicle.


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SEC to review Nasdaq glitches in Facebook IPO
NEW YORK -- The U.S. Securities and Exchange Commission will review trading glitches with Nasdaq’s handling of Facebook’s IPO.



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Backers of health insurance rate regulation edge closer to ballot
Supporters of a proposed ballot measure seeking tighter regulation of health insurance rates turned in 800,000 signatures statewide, confident that they will qualify for the Nov. 6 election.



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Winnebago RV maker rejects $321.5 million takeover bid
Winnebago Industries Inc., maker of the cult favorite recreational vehicles, reviewed and rejected an unsolicited $321.5 million takeover bid from a private equity firm Friday.


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Facebook underwriters prop up stock as it nears break-even mark
NEW YORK – The big pop in Facebook Inc. shares never came.


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SpaceX, NASA confirm all systems are go for historic mission
The countdown has begun for SpaceX's historic mission to send a spacecraft into orbit to dock with the International Space Station.


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California officials lift raw milk quarantine at dairy
SACRAMENTO -- State agriculture officials have lifted a ban on sales of raw milk by Organic Pastures, a Fresno dairy.


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California labor market stumbles in April; state loses 4,200 jobs
California’s jobs engine sputtered in April as employers trimmed their payrolls, breaking a streak of eight consecutive months of employment growth.



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Facebook IPO: A festive morning at Menlo Park
The big day for Facebook Inc. and Mark Zuckerberg has come. On Friday morning as the sun rose on the trading day in Menlo Park, Calif., about 2,000 Facebook workers were gathered at the campus preparing for the company's debut on the Nasdaq exchange. 



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