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Facebook Rises to Six-Month High on Ad Push: San Francisco Mover

Facebook Inc., owner of the largest social-networking service, rose 5.3 percent to a six-month high amid optimism that the company will benefit from new advertising efforts to drive revenue.

The stock jumped to $30.59 at the close in New York, the highest level since July 13, and has rallied 73 percent from a record low in September.