Historic Facebook debut falls flat SAN FRANCISCO (Reuters) – The historic initial public offering of Facebook Inc did not go as planned on Friday, as the social networking company’s sky-high valuation combined with trading glitches…
GM Claims Immunity for Old Cars GM pushed a lawyer to drop a potential punitive-damages claim involving a prebankruptcy vehicle involved in a fatal accident, asserting a level of immunity in that some lawyers claim is a stretch.
Continue reading …MGIC sues Freddie Mac in insurance dispute (Reuters) – Mortgage insurer MGIC Investment Corp has sued mortgage financier Freddie Mac and the Federal Housing Finance Administration to settle a dispute over coverage limits on certain…
Continue reading …Activist Has Stake in PepsiCo Relational Investors, an activist shareholder firm, disclosed it has a $ 600 million stake in PepsiCo, a move that could step up pressure on the beverage and snack giant
Continue reading …Groupon reports first profit, shares surge SAN FRANCISCO (Reuters) – Groupon Inc posted its first quarterly profit as the world’s largest daily deal company reined in marketing spending while signing up more customers and merchants, sending…
Continue reading …Chesapeake wins breathing space with billion loan (Reuters) – Chesapeake Energy Corp said it had received a $ 3 billion loan from Goldman Sachs and Jeffries Group that will give it breathing room to sell assets and close a funding gap this year.
Continue reading …Zap! DVR Wipes Out Ads Dish Network released a DVR feature that can automatically skip commercials from nationally broadcast prime-time shows, a move that threatens billions of dollars in broadcast television advertising and risks the ire of the networks.
Continue reading …Buffett Bats for Coty on Avon Offer Warren Buffett’s Berkshire Hathaway has lent its firepower to fragrance maker Coty’s bid for Avon Products, which Coty sweetened Wednesday to $ 10.69 billion.
Continue reading …Coffee Mogul Defends Loans Robert Stiller, the founder of Green Mountain Coffee Roasters, defended the big loans he took out against his stock holdings to buy real estate and fund other investments.
Continue reading …KPN says America Movil’s .2 billion offer too cheap AMSTERDAM (Reuters) – Dutch telecom KPN NV hit back at a surprise move by America Movil to raise its stake in the group, saying the Mexican company’s 3.2 billion euro ($ 4.2 billion) offer was…
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