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Scared of Facebook shares? Wager on Friday's close

Wed, 16 May 2012 07:24:30 GMT

Worried that if you buy Facebook when it starts trading Friday you'll get trampled by big banks and hedge funds? Betting on where the stock closes that day may be a safer wager.

Facebook's Zuckerberg says mobile first priority

Sat, 12 May 2012 04:41:24 GMT

Facebook CEO Mark Zuckerberg, whose limited role in promoting the No 1 social network's market debut has drawn criticism, laid out its growth strategy to investors on Friday, saying that transforming its mobile and advertising experience are top priorities in 2012.

Sony shares slide 7 percent to 32-year low

Fri, 11 May 2012 06:49:38 GMT

Sony Corp shed more than 7 percent to hit a near 32-year low on Friday, a day after it posted a record annual loss of $5.7 billion and failed to convince investors that it has a sound strategy to turn around its loss-making TV business and boost smartphone sales.

Facebook's IPO already oversubscribed

Fri, 11 May 2012 06:41:47 GMT

Facebook Inc's record initial public offering is already oversubscribed, a source familiar with the share listing said, days after the world's largest social network embarked on a cross-country roadshow to drum up investor enthusiasm.

Wedbush starts Facebook with outperform rating

Sat, 05 May 2012 06:39:49 GMT

As Facebook Inc prepares to market its $10.6 billion initial public offering to U.S. fund managers next week, brokerage Wedbush Securities set a $44-per-share price target that implies a potential capital gain of about 40 percent for IPO investors.

Facebook execs tackle mobile concern in IPO video

Fri, 04 May 2012 06:55:48 GMT

Facebook Inc executives tackled concerns about the company's mobile strategy during a video presentation for its IPO road show.

Facebook plans to go public to raise $87bn

Fri, 04 May 2012 06:28:01 GMT

Facebook will go public with a stock price of $28 to $35 to set the popular social network's valuation as high as $86.6 billion, according to documents filed with the Securities and Exchange Commission.

Richer, mightier: Zuckerberg's stock up with IPO

Fri, 04 May 2012 05:46:31 GMT

Facebook's debut on Wall Street will make 27-year-old co-founder Mark Zuckerberg a multi-billionaire with firm control of the world's leading online social network.

YouTube promotes channels, pledges $200 mil in ads

Thu, 03 May 2012 07:29:17 GMT

In a flashy presentation to advertisers, YouTube promoted its new channels of original programming, while pledging to spend $200 million to help market them.

Facebook IPO to begin trading on May 18

Wed, 02 May 2012 06:05:44 GMT

The roadshow for Facebook Inc's initial public offering is scheduled to start on Monday, meaning the company's shares should begin trading on May 18, a source familiar with the process has revealed.

Expert View - Apple shares jump after quarterly results

Wed, 25 Apr 2012 07:59:49 GMT

Strong iPhone sales propelled Apple Inc's quarterly results past Wall Street's expectations, driving the company's shares up more than 7 percent.

Microsoft's earnings shine ahead of new product wave

Fri, 20 Apr 2012 12:06:18 GMT

Microsoft posted quarterly net income of $5.11 billion on record-high revenue on the cusp of what executives billed as a huge "product launch wave" promising even better days ahead.

Facebook IPO expected on May 17

Fri, 20 Apr 2012 07:16:09 GMT

Facebook's flotation is expected to take place on May 17. The social networking company, which lodged its initial public offering (IPO) documents at the beginning of February 2012, is believed to be gearing for the May 17 floatation on the Nasdaq stock exchange.

Yahoo shows signs of life, Alibaba in the cards again

Wed, 18 Apr 2012 06:09:19 GMT

Yahoo Inc reported an uptick in revenue that marked its first quarterly sales growth in three years, as new Chief Executive Scott Thompson outlined his plan to revamp the struggling Web company.

Apple stock drops, drags down Nasdaq

Tue, 17 Apr 2012 06:21:05 GMT

For most of the year, Apple has propelled the Nasdaq composite index forward. The stock climbed from $405 at the start of the year to more than $630 last week. Now Apple is sliding the other way and taking the Nasdaq with it.

Investors losing faith that Nokia can stop the rot

Fri, 13 Apr 2012 05:31:14 GMT

Ailing cellphone maker Nokia has the cash to survive seven quarters like the last, but investors are losing faith that it can break the vicious circle that keeps customers and in turn application developers from its new phones.

Nokia shares tumble after loss forecast

Thu, 12 Apr 2012 10:27:23 GMT

Nokia warned its phone business would post losses in the first two quarters of this year as it struggles to revamp its product line to compete with Apple and Samsung, sending its shares 19 percent lower.

US sues Apple, publishers yield on e-book pricing

Thu, 12 Apr 2012 06:15:19 GMT

The US justice department sued Apple and five publishing firms on Wednesday alleging a conspiracy to raise prices and limit competition for e-books, and immediately announced a partial settlement in the case.

Targeting the mobile market

Thu, 12 Apr 2012 05:52:24 GMT

It's not often that a two-year-old start-up becomes a $1 billion company.

Traders expect less drama for Google earnings

Thu, 12 Apr 2012 05:32:33 GMT

The options market is not expecting a wild ride for shares of Google Inc following the results from the Internet search giant on Thursday, but it is leaving investors vulnerable to surprises.

Apple market value hits $600 bn

Tue, 10 Apr 2012 16:09:03 GMT

Apple, already the world's most valuable company, hit the $600 billion level for the first time today. Only one other company has been worth $600 billion, Apple's old sparring partner, Microsoft Corp.

'Apple to become world's first $1 trillion company'

Sun, 08 Apr 2012 03:31:17 GMT

Apple will become the world's first trillion-dollar company when its shares top $1,000 each. Its sky-high share price will hit four figures within 12 months, Wall Street analysts have predicted.

Samsung estimates record first quarter profit

Fri, 06 Apr 2012 06:33:20 GMT

Samsung Electronics, the world's top technology firm by revenue, estimated operating profit nearly doubled in January-March from a year ago, boosted by sales of its flagship Galaxy smartphones and its Note mini-tablet and phone.

Groupon stock closes at lowest level since IPO

Wed, 04 Apr 2012 07:02:18 GMT

Groupon's stock has closed at its lowest level ever amid growing scrutiny over its business just five months after it went public.

HCL launches tablet for education

Mon, 02 Apr 2012 15:41:23 GMT

With manufacturers jostling for space in an overcrowded PC market, Noida-based HCL Infosystems has launched a tablet computer enabled for content on education.