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Zuckerberg Declares The Hacker Way in IPO with $28 Billion Jackpot

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As Facebook filed for its initial public offering (IPO) on Feb 1, the letter to investors was also released. The most notable remark by Mark Zuckerberg is that Facebook was not originally created to be a company. It was built to accomplish a social mission - to make the world more open and connected.
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BSE Sensex

BSE Sensex Snaps 3-day Gains; Bharti Airtel Rises

The BSE Sensex was subdued on Friday as some profit-taking emerged after the index rose more than 3 percent in the last three sessions, and as weak Asian markets ahead of key U.S. jobs data dented investor sentiment.
Facebook Filing for $5-Bln IPO

Facebook Goes Public: What is an IPO?

Facebook filed a $5 billion IPO on Wednesday, meaning that the social media giant will become a publically traded company, and anyone will be able to buy shares of Facebook starting this spring. But what is an IPO?
Indian Hackers

Key Internet Operator VeriSign Hit by Hackers

VeriSign Inc., the company in charge of delivering people safely to more than half the world's Web sites, has been hacked repeatedly by outsiders who stole undisclosed information from the leading Internet infrastructure company.
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AMR Wants to Cut 13,000 Jobs, End Pensions

AMR Corp, the parent of bankrupt American Airlines, wants to slash 13,000 jobs and terminate employee pension plans as part of a cost-cutting strategy the carrier says is necessary to compete with rivals.
O'Hare International Airport

Bankrupt American Airlines Could Cut 14,000 Jobs

AMR Corp.'s American Airlines will work to drastically reduce costs by more than $2 billion annually, the company said Wednesday, with a heavy portion of those cuts resulting from a reduction in labor costs.
Newt Gingrich

Eye of the Tiger Song Owners Seeing Red over Newt Gingrich Campaign Use

A complaint filed in Illinois federal court alleges Newt Gingrich's campaign used Eye of the Tiger by rock band Survivor for unauthorized public performances and distribution of Rude Music's copyrighted musical composition at rallies. The injunction attempt names Frank M. Sullivan III, one of Survivor's founding members and the facilitator of Rude Music.

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