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At a Glance: High-flying tech stocks fall from recent highs

Investors have clipped the wings of high-flying tech stocks in recent weeks, as they re-focus on safer sectors such as utilities, health care and consumer staples. Shares of tech favourites such as Facebook, Netflix and Twitter are 19 per cent to 46 per cent below their recent peaks. Here's a look at how far some tech stocks have fallen from recent highs: — Amazon.com Inc. Peak: Jan. 22 at $408.06 Friday's closing price: $311.73 Decrease: 24 per cent — Facebook Inc. Peak: March 11 at $72.59 Friday's closing price: $58.53

Nasdaq sinks more than 2.5%, leads market lower

The Nasdaq Composite Index tumbled more than 2.5 percent Friday, as investors overlooked a solid US jobs report to sell off prominent names from across the tech sector. The Nasdaq sank 110.01 points (2.60 percent) to 4,127.73. The Dow Jones Industrial Average fell 159.84 (0.96 percent) to 16,412.71, while the broad-based S&P 500 slumped 23.68 (1.25 percent) to 1,865.09.

Nasdaq sinks more than 2.5%, leads market lower

The Nasdaq Composite Index tumbled more than 2.5 percent Friday, as investors overlooked a solid US jobs report to sell off prominent names from across the tech sector. At the closing bell, the Nasdaq sank 110.01 points (2.60 percent) to 4,127.73. The Dow Jones Industrial Average fell 154.51 (0.93 percent) to 16,418.04, while the broad-based S&P 500 lost 23.43 (1.24 percent) at 1,865.34.

French cinema braces for Netflix launch

French film-lovers will soon be able to watch films through the video streaming service Netflix, although in an attempt to avoid onerous legislation the company will base itself out of Luxembourg, sources close to the matter told Les Echos. The launch will be seen as a big threat to the French film industry -- which is in large part financed by a competitor -- and as a rebuff of the government's attempts to persuade the company to operate within the country's strictly regulated film industry.

Beijing to end anti-dumping wine probe after European 'deal'

Beijing will end an anti-dumping inquiry into wine imports from the European Union, China's commerce ministry said Friday, after what it said was a deal between producers. The announcement comes a day before Chinese President Xi Jinping sets off on a visit to Europe. The ministry said in a statement that after six rounds of talks since November, Chinese and EU wine industry groups signed a memorandum of understanding on Tuesday to "solve the dispute through cooperation".

Beijing to end anti-dumping wine probe after European 'deal'

Beijing will end an anti-dumping inquiry into wine imports from the European Union, China's commerce ministry said Friday, after what it said was a deal between producers. The announcement comes a day before Chinese President Xi Jinping sets off on a visit to Europe. The ministry said in a statement that after six rounds of talks since November, Chinese and EU wine industry groups signed a memorandum of understanding on Tuesday to "solve the dispute through cooperation".

Beijing to end anti-dumping wine probe after European 'deal'

Beijing will end an anti-dumping inquiry into wine imports from the European Union, China's commerce ministry said Friday, after what it said was a deal between producers. The announcement comes a day before Chinese President Xi Jinping sets off on a visit to Europe. The ministry said in a statement that after six rounds of talks since November, Chinese and EU wine industry groups signed a memorandum of understanding on Tuesday to "solve the dispute through cooperation".

Lebanese man arrested in Spain for trying to buy human organs

Madrid, Mar 12 (EFE).- A Lebanese citizen needing a transplant was arrested in Spain for trying to buy a liver from nine different immigrants. The suspect offered prospective donors up to 40,000 euros ($55,000), police said Wednesday. Along with the Lebanese man, the 61-year-old mayor of a town in the Middle Eastern country, authorities in the eastern region of Valencia arrested four other people who were helping him locate candidates for the transplant.

Lebanese man arrested in Spain for trying to buy human organs

Madrid, Mar 12 (EFE).- A Lebanese citizen needing a transplant was arrested in Spain for trying to buy a liver from nine different immigrants. The suspect offered prospective donors up to 40,000 euros ($55,000), police said Wednesday. Along with the Lebanese man, the 61-year-old mayor of a town in the Middle Eastern country, authorities in the eastern region of Valencia arrested four other people who were helping him locate candidates for the transplant.

New Marvel live-action series to film in NY, be shown on Netflix

NEW YORK, N.Y. - New York will become home to the "flawed heroes of Hell's Kitchen." Four of Marvel's characters will come to life in a live-action series that will be filmed principally in the state and aired on Netflix. The announcement was made Wednesday by Gov. Andrew Cuomo, The Walt Disney Co., Marvel and Netflix Inc. The project is scheduled to start filming in the summer. It will feature the characters Daredevil, Jessica Jones, Luke Cage and Iron Fist. It's the largest film or television production project commitment in New York's history.
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