courtesy Facebook Inc.At some point during the past two weeks, Facebook’s (NASDAQ: FB) expert bankers raised the price range of its initial public offering from between $28 and $35 to between $34 and $38. They…
Alibaba will buy back 20% of its shares held by Yahoo! (NASDAQ: YHOO). The consideration Yahoo! will get is $7.1 billion. That sum is “composed of at least $6.3 billion in cash proceeds and up…
Alibaba buys back a 20% share held by Yahoo! (NASDAQ: YHOO) for a combination of cash and preferred shares worth $7.1 billion. (Reuters) The heads of Samsung and Apple (NASDAQ: AAPL) will discuss a settlement…
Rajat K. Gupta, a former head of McKinsey & Co, and director of Goldman Sachs (NYSE: GS) will go on trial for insider trading. He will sit in Federal District Court today and hear…
The DJIA starts the week at 12,269.38. There are plenty of forecasters who believe it will reach 11,000 long before its makes it back to 14,000. The index is down 7% in less than…
coutesy of Exxon Mobile Corp.Gas prices reached a three month low, according to the carefully watched Lundberg Survey. Prices nationwide for regular fell $3.7833 for the two weeks which ended May 19. This represented…
The latest NABE Outlook Survey shows improved expecations for the economy. The data is based on the consensus of macroeconomic forecasts from a panel of 54 professional forecasters and covers the outlook for 2012…
It is one thing to agree to something while under duress. It is quite another to do so from necessity. Angela Merkel of Germany relented a bit on her stance of radical austerity for…
Rumors once again that Alibaba, the China e-commerce firm, will buy a $7 billion stake of its own equity from Yahoo! (NASDAQ: YHOO) This would be about half of Yahho!’s stake The most recent…
Sprint-Nextel (NYSE: S) began a new program to gain customers which may be desperate or brilliant. An evaluation of the results may end up being more important than Sprint’s initial intension. Sprint will offer people who are…
The argument that Hulu can become a company which can be valued in the billions of dollars or that portals can completely change, for the positive, the value of ad dollars they receive because of…
Blame was passed from Facebook’s bankers to Nasdaq (NASDAQ: NDAQ) as the Facebook (NASDAQ: FB) IPO faltered and opening bids and offers failed to be properly matched and there was some evidence this occurred for hours. The…
Property prices in China fell again last month in most of the 70 cities the National Bureau of Statistics measures. Forty-six cities had declines, a trend which has gone on for months. It is too…
Some individuals and institutions will buy Facebook shares because they believe the stock will rise sharply. Others look at the investment as a proxy for the prospects of Web 2.0, the five-year movement that has swept…
The Senate Banking Committee soon will examine and cross-examine JP Morgan (NYSE: JPM) CEO Jamie Dimon. It will be a chance for politicians to say how irresponsible large financial firms are, how they trade for their own…
Hewlett-Packard (NYSE: HPQ) has plans to lay off as many as 30,000 people soon. By some estimates that is 8% of its workforce. HP’s CEO Meg Whitman needs to show that she has found…
G8 leaders will seek solutions to the EU crisis. (Reuters) The Facebook IPO, priced at $38, will raise $16 billion. (Reuters) A new poll shows Greeks favor pro-bailout leaders who will keep the country…
The trend of never-ending executive changes at Yahoo! (NASDAQ: YHOO) continues. New interim CEO Ross Levinsohn fired some of the people predecessor Scott Thompson hires. The most notable of these worked with Thompson at…
Samsung’s launch of its new Galaxy III smartphone has begun to look like an Apple (NASDAQ: AAPL) iPhone event. Nine million of the model have been pre-ordered worldwide. The number is even more impressive…
Gas and oil prices continued to sell down on worry that the problems of Europe could spread across the world and tip many nations back into recession. The trouble in Europe has also put…