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UPDATE 1-Facebook shares dip as results fail to impress

July 30- Facebook Inc's shares fell as much as 5 percent on Thursday, after the company's weak advertising sales growth outlook dampened investor expectations boosted by Google Inc's strong report earlier this month. "The number one reason is that... some investors looking at these results are deciding to take their profits," FBN Securities analyst Shebly...
Source: Reuters
UPDATE 3-Google gains billions in value as YouTube drives ad growth

*Company valued at $471.50 bln at record high of $703. July 17- Google Inc's shares soared as much as 16.8 percent on Friday, crossing the $700 mark and adding nearly $68 billion to its market value, as strong growth in YouTube viewership allayed concerns about Facebook Inc's push into video. Google's shares hit a record high of $703, valuing the company at $471.50...
Source: Reuters | By: Devika Krishna Kumar
UPDATE 3-Google gains billions in value as YouTube drives ad growth

*Company valued at $471.50 bln at record high of $703. July 17- Google Inc's shares soared as much as 16.8 percent on Friday, crossing the $700 mark and adding nearly $68 billion to its market value, as strong growth in YouTube viewership allayed concerns about Facebook Inc's push into video. Google's shares hit a record high of $703, valuing the company at $471.50...
Source: Reuters | By: Devika Krishna Kumar
"Siege mentality" grips under-fire Nigerian state oil firm

ABUJA, July 14- The four grey towers that form the headquarters of Nigeria's state oil company in the dusty capital, Abuja, feature tinted windows as opaque as the organisation inside, accused of failing to account for tens of billions of dollars. President Muhammadu Buhari, the 72- year-old sandal-wearing ascetic who swept to power this year on an...
Source: Reuters | By: Julia Payne and Alexis Akwagyiram