Tinejdad, Morocco – The world’s largest online social network Facebook was down Friday morning for some users in a number of countries for about 30 minutes.“Earlier this morning, some people had trouble accessing Facebook for a short time. We quickly investigated and have fully restored service for everyone. We’re sorry for the inconvenience,” Facebook said in an emailed statement.It is normal for any website to temporarily go down, but calling 911 for such technical problem is indeed very funny. The Los Angeles County Sheriff sergeant Burton Brink confirmed in a tweet that they received several calls from dissatisfied users complaining about the crash of Facebook.Yes we got calls #facebookdown That is why I sent out my previous msg to prevent them. Unk number received on 911 or reg number TY #LASD— Sgt. Brink (@LASDBrink) August 1, 2014The Sheriff used Twitter to announce that the problems that users may encounter using Facebook are not within the range of their services.#Facebook is not a Law Enforcement issue, please don’t call us about it being down, we don’t know when FB will be back up!— Sgt. Brink (@LASDBrink) August 1, 2014The hashtag #NowFacebookDown quickly became Twitter’s top trending topic worldwide.Facebook was fully restored on Friday immediately after the crash.
TORONTO — The Toronto stock market was lower Thursday afternoon amid a poorly received earnings report from CIBC (TSX:CM), while data showed the U.S. economy performing worse than expected earlier this year.The S&P/TSX composite index lost 54.03 points to 14,556.93.CIBC said that poor results in its Caribbean operations were responsible for net income dropping to $306 million from $862 million a year ago. CIBC’s adjusted net income came in at $2.17 per share, beating analysts’ expectations of $2.07 per share and the bank also raised its quarterly dividend by two cents to $1 per common share. However, its shares dropped $1.59 to $97.45.Financials led TSX decliners with all of the major banks, save Scotiabank, giving back some of the gains racked up over the last week as most of the banks delivered strong results.“You’ve seen banks outperform as a group, about 3% over the last week or so — not surprising we’re having a bit of a profit-taking on them,” said Stephen Lingard, managing director of Franklin Templeton Solutions.“There is a slowing momentum in mortgage products and they’re having to be pretty competitive with each other. But they have had other segments that have offset this, notably wealth (management) and business loans so all in all a good quarter.”The Canadian dollar was up 0.27 of a cent to 92.22 cents US.U.S. indexes were higher as the first revision to first-quarter gross domestic product showed that GDP actually shrank at an annualized rate of 1% in the period, largely because of severe winter weather. That was much higher than the 0.5% drop that economists had expected, but they anticipate the weakness to be short-lived.The Dow Jones industrials rose 10.44 points to 16,643.62, the Nasdaq climbed 12.05 points to 4,237.13 and the S&P 500 index was ahead 4.51 points at 1,914.29.In other corporate developments, Bank of Nova Scotia (TSX:BNS) is selling more than two-thirds of its interest in CI Financial Inc. (TSX:CIX) in a deal worth at least $2.27 billion, making it one of the largest public offerings in Canada. Scotiabank will sell 72 million common shares of CI at $31.50 per share, reducing its current 37% interest to about 11.4%. CI shares climbed 45 cents to $34.10 and Scotiabank added 13 cents to $68.95.The debut of shares in Encana Corp. (TSX:ECA) subsidiary PrairieSky was a huge success Thursday. The energy giant earlier in the morning announced the completion of the initial public offering of 52 million common shares of PrairieSky (TSX:PSK) at an offering price of $28 and by mid-morning, the shares were trading at $36.51 on the TSX. Encana is spinning off some of its Alberta land holdings through PrairieSky.Former prime minister Brian Mulroney is expected to be elected as board chairman of media giant Quebecor Inc. (TSX:QBR:B) next month. Pierre Karl Peladeau stepped down as board vice-chairman of Quebecor in March and chairman of subsidiary Quebecor Media when he announced plans to run for the Parti Quebecois in the April election. The move could signal an attempt by Quebecor to put some distance between itself and Peladeau. Quebecor shares slipped 17 cents to $26.58.Elsewhere on the TSX, the base metals sector dropped 0.9% as July copper slipped three cents to US$3.14 a pound. The energy sector was down 0.07% even as July crude gained 91 cents to US$103.62 a barrel. The gold sector was the leading advancer, up 1.15% as August bullion lost $2.60 to US$1,257.10 an ounce.