NPR's business news starts with a price hike for Facebook shares.
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INSKEEP: OK, they're not even on sale yet, but investor excitement over Facebook's upcoming initial public offering has prompted the company to raise the price range for its shares. Sources say the new range will be from $34 to $38 per share. That's up from a previous range of $28 to $35.
The fallout from banking giant JPMorgan Chase's $2 billion — and counting — loss has made its way into the presidential campaign. The president and presumptive GOP challenger Mitt Romney have very different views about the regulation of Wall Street, in particular the Dodd-Frank financial systems overhaul law.
Housing prices are going through the roof in Canada. The real estate market there is one of the hottest in the developed world. In Toronto, prices increased 10 percent in March alone. The average detached house in the city costs more than $600,000.
That has economists and the government worried that Canada is experiencing a housing bubble that's about to burst.
It's just after nightfall as Anandrag Davinder, an outreach worker among Mumbai's mostly hidden community of gay men, wanders down a dark alley beside a busy railway station in Mumbai. His stop is a squalid row of urinal buildings where gay men go to meet, hidden from public view. The stench inside is overwhelming.
"This is a loo. This is a cruising center," Davinder says, stepping into the crowded, nearly pitch-black room. "All the gays are standing here only and saying, 'I like these guys. I want to do sex with this person.' "