Tech Biz
Facebook boosts IPO size by 25%, could top $16B
(UPDATE) Facebook Inc will increase the size of its initial public offering by 25 percent, a source familiar with the matter said, and could raise as much as $16 billion as strong investor demand for a share of the No.1 social network trumps debate about the company's long-term potential to make money.Full article
Top Stories
GM to drop Facebook ads due to low consumer impact
As of 05/16/2012 9:29 AM
DETROIT/SAN FRANCISCO - General Motors Co said on Tuesday it will stop advertising on Facebook, even as the social networking website prepares to go public. Full article
Groupon makes first profit, shares surge
As of 05/15/2012 10:21 AM
SAN FRANCISCO - Groupon Inc posted its first quarterly profit by reining in marketing spending and signing up more customers and merchants, sending its stock about 18 percent higher. Full article
Want a piece of Facebook? Get in line
As of 05/14/2012 10:17 AM
WASHINGTON - Facebook may be the year's hottest stock issue -- but try getting a piece of it. Small investors will find the line long and hurdles high to get even a handful of shares. Full article
Yahoo! chief steps down amid resume flap
As of 05/14/2012 9:05 AM
SAN FRANCISCO - Yahoo! announced Sunday that Ross Levinsohn will temporarily replace chief executive Scott Thompson, who has stepped down in the face of controversy about his allegedly inflated resume. Full article
Japan's Panasonic posts record $9.67B annual loss
As of 05/11/2012 4:30 PM
TOKYO - Panasonic on Friday posted a record $9.67 billion annual loss as one of Japan's flagship companies was hammered by a strong currency, natural disasters and stiff competition from foreign rivals. Full article
Sony, Panasonic shares plunge to 30-year lows
As of 05/11/2012 1:35 PM
TOKYO- Sony and Panasonic shares plunged to their lowest levels in more than three decades on Friday as investors fretted about the future prospects for two of Japan's most iconic firms amid massive losses. Full article