By Olivia Oran and Alistair Barr
NEW YORK/SAN FRANCISCO (Reuters) – Facebook Inc priced its initial public offering at $38 a share, giving the world’s No. 1 online social network a $104 billion valuation in the third largest offering in U.S. history.
The offering puts the eight-year-old company, founded in a Harvard dorm room, a valuation akin to that of Amazon.com Inc, and exceeding that of Hewlett-Packard Co and Dell Inc combined.
Predictions on how much the stock will rise on the first day of trading vary greatly, with some experts...
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Posted in: Articles | May 16th, 2012
Wed, May 16, 2012, 5:47pm EDT – US Markets are closed
By Jessica Toonkel
NEW YORK (Reuters) – Investors who want Facebook Inc shares when the No. 1 online social network goes public later this week may have lost the opportunity.
TD Ameritrade and Fidelity’s brokerage arm both stopped accepting orders of Facebook shares as of Tuesday evening, according to representatives for each of the companies.
Morgan Stanley & Co did the same, according to three advisers at the firm who declined to be named because they are...
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Posted in: Articles | May 15th, 2012
US stocks waver as fears about Greek political impasse duke it out with stronger economic data
By Daniel Wagner, AP Business Writer | Associated Press – 2 hours 22 minutes ago
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Companies:
Lennar Corp.
Avon Products Inc.
The TJX Companies, Inc.
RELATED QUOTES
Symbol
Price
Change
LEN
29.16
+0.79
AVP
18.71
-2.02
TJX
42.45
+2.75
LEN-B
23.41
+0.51
BAC
7.30
-0.05
Stronger news about the U.S. economy stilled the ripples from Europe’s latest political...
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Posted in: Articles | May 8th, 2012
By Shobhana Chandra | Bloomberg – 1 hour 59 minutes ago
Job openings in the U.S. rose in March to the highest level in more than three years, a sign employers may be looking to take on more staff as the economy grows.
The number of positions waiting to be filled increased by 172,000 to 3.74 million, the most since July 2008, from a revised 3.57 million the prior month that was larger than previously estimated, the Labor Department said today in a statement posted on its website. Hiring slowed and firings were little changed.
Improving...
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