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CHICAGO (AP) — President Barack Obama's presidential library will be built in a park on Chicago's South Side along the shores of Lake Michigan and a short walk from the university where Obama once taught, a person familiar with the selection process told The Associated Press on Wednesday.
Facebook said Wednesday its profit leapt 186 percent from a year ago to $2 billion, as the world's biggest social network blasted past most analyst forecasts for the second quarter. With its global base of monthly active users growing to 1.71 billion, Facebook saw a 59 percent jump in total revenues to $6.4 billion, mostly from online advertising. Facebook shares jumped seven percent in after-hours trade on the stronger-than-expected results.