Zynga Revised IPO Shows Goal to Raise $1 Billion
Zynga, the online gaming site partially owned by facebook, filed a revised IPO document Friday indicating plans to raise as much as $1 billion, which could be the most since Google’s 2004 offering.
Nikkei Closes Up Friday for Biggest Weekly Gain in 2 Years
The Nikkei average extended gains to log its biggest weekly advance in two years on Friday, though the mood was far from upbeat given uncertainty over whether Europe will next week manage to cobble together steps to counter the debt crisis there.
Nikkei Edges Up; Investors Eye Key 8,577 Level
The Nikkei average edged up Friday, with investors focused on whether the benchmark can hold above its 25-day moving average ahead of crucial U.S. employment data later in the day.
Exclusive: Zynga aims for $10 billion valuation in IPO
NEW YORK, Nov 30 - Facebook games developer Zynga Inc is seeking a lower-than-expected $10 billion valuation for its initial public offering, which is to be priced on December 15, two people close to the process said on Wednesday.
More news
Banks Benefited From Nearly $8 Trillion Bailout
While big U.S. banks assured investors they were financially healthy during the financial crisis, they also quietly approached the Federal Reserve for more bailout money. As of March 2009, the Fed committed $7.77 trillion to rescue the financial system, which is more than half the value of everything produced in the U.S. that year. The amount dwarfed the Treasury Department's better-known $700 billion Troubled Asset Relief Program, or TARP.
Nexon Pushes Ahead with IPO as Hacking Impact Looms
Online gaming firm Nexon Co said on Monday it would raise up to 98 billion yen ($1.3 billion) in an initial public offering this month, pushing ahead with its planned listing even as a massive hacking attack threatens to dampen excitement for the stock.
Ex-Highbridge Asia Head Aims to Raise up to $2 Billion
Carl Huttenlocher, former Asia head of JPMorgan Chase & Co's Highbridge Capital, said he will launch a hedge fund with more than $300 million on December 1 after a delay in obtaining regulatory approval.
Groupon Shares Down Once Again Friday
Shares of the Chicago-based daily deals site fell once again Friday, closing down 0.88 percent to $16.81. Shares fell as low as $16.20 earlier in the day before the price went up near market close.
Top After Market NYSE Gainers (XUE, LYB, NRF, MCP, PXD, PKD, SWY, SWN, HUN, KWK)
The top aftermarket NYSE gainers Wednesday were: Xueda Education Group, LyondellBasell Industries, Northstar Realty Finance, Molycorp, Pioneer Natural Resources, Parker Drilling, Safeway, Southwestern Energy, Huntsman Corp and Quicksilver Resources.
Fed to Test Six Big Banks for Euro Stress
The Federal Reserve plans to stress test six large U.S. banks against a hypothetical market shock, including a deterioration of the European debt crisis, as part of an annual review of bank health.
AT&T, T-Mobile Merger: Effects on Small Carriers Unclear
Small wireless carriers, such as U.S. Cellular and MetroPCS, provide low-cost alternatives to companies such as AT&T and Verizon. However, companies and industry experts are split on how the AT&T/T-Mobile merger will affect the smaller companies.
Fed to Test Six U.S. Banks on Euro Stress
The Federal Reserve plans to stress test six large U.S. banks against a hypothetical market shock, including a deterioration of the European debt crisis.
Gilead to Buy Biotech Firm Pharmasset for $11 Billion
Gilead Sciences Inc struck a deal to buy Pharmasset Inc for about $11 billion in a huge bet on hepatitis C treatments to diversify its portfolio.
Encouraging Signs for Munis, Though California Bumpy
Threats of money problems continue to hang over U.S. local governments, but most cities and counties will still be able to pay their debts in the near future, Janney Capital Markets said in a special report on Wednesday.
AT&T Customers Stay With Carrier Despite iPhone Competition
Despite AT&T receiving competition in iPhone sales from Sprint and Verizon, the company's churn rate is stable.
Nokia aims to undercut rivals with volume focus
Nokia plans to undercut its Windows Phone rivals to give its new smartphones a foothold in the market before trying to improve margins, its Chief Executive Stephen Elop said on Wednesday.
InvenSense Opens 11 pct Above Offering Price
Chipmaker InvenSense Inc opened 11 percent above its offering price of $7.50 per unit on the New York Stock Exchange on Wednesday.
Icahn Loses Top Health Care Deputy Denner
Alex Denner, the top healthcare deputy for Carl Icahn, confirmed on Monday that he had resigned from the billionaire investor's firm.
Analysis: As Europe Eyes China, Japan may be the Suitor to Watch
Japanese banks backed by more than $6 billion in spare cash are in talks to buy assets from European banks, sources familiar with the discussions said, as euro zone leaders try to coax foreign capital to help overcome the bloc's debt crisis.
U.S. Stock Index Futures Signal Bounce After Selloff
Stock index futures pointed to a rebound on Wall Street on Thursday, with futures for the S&P 500 up 1.1 percent, Dow Jones futures up 0.9 percent and Nasdaq 100 futures up 1 percent at 4:47 a.m. ET.
Manisha Girotra Quits UBS India
The head of India operations at UBS AG, Manisha Girotra, has resigned, according to an internal memo.
UBS India Head Resigns; Kamat Named New CEO: Memo
The head of India operations at UBS AG , Manisha Girotra, has resigned, according to an internal memo, the latest high-profile exit from the Swiss bank in the world's second-fastest growing major country.
U.S. Stocks Plummet in Global Flight to Safety
U.S. stocks plummeted Wednesday in a global stampede toward investments perceived as capable of withstanding a severe European downturn, or worse.
Tech IPOs: Will Groupon Tempt Facebook, Others Now?
Now that Groupon has finally gone public, raising $700 million through its Nov. 4 IPO, how about some others in the pipeline as well as the king of them all, Facebook?
Wall Street Selloff as Italy Fans Crisis Worries
Stocks tumbled 3 percent on Wednesday, erasing gains for the week so far, as a spike in Italian bond yields fanned worries about contagion in the European debt crisis.
Goldman Faces Lawsuits Over $15.8 Billion in Mortgages
Goldman Sachs Group Inc faces lawsuits over $15.8 billion worth of mortgage securities, the bank said in a regulatory filing on Wednesday, a more than 30-fold increase from the amount disclosed three months earlier.
Pages
- MOST READ
- 1
- 2
- 3
- 4
- 5
Editor's pick
-
Canada AI Project Hopes To Help Reverse Mass Insect Extinction
-
Aid Groups Express Horror At US Mines For Ukraine
-
As Trump Returns, China Seizes Chance For Climate Mantle
-
Taxing The Richest: What The G20 Decided
-
US Agency Opens Two Probes Into Ford Vehicles Amid Quality Control Concerns
-
Trump-Inspired Campaign Playbook? Polish Presidential Aspirant Vows To Turn Poland Into 'Crypto Haven'
-
Urban Mosquito Sparks Malaria Surge In East Africa
-
Sex, Drugs And Gritty Reality On Prague's Underworld Tours
-
Defiant Lebanese Harvest Olives In The Shadow Of War
-
'Critically Endangered' African Penguins Just Want Peace And Food
