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Facebook’s initial public offering is already oversubscribed. (Reuters) JP Morgan (NYSE: JPM) books a $2 billion trading loss, and the figure could rise by another $1 billion. (Reuters) China’s...
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Protestors in various cities around the world are “occupying” any parks and streets they can find, to some extent to protest the success of big business as it contrasts the fortunes of the little...
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Sony (NYSE: SNE) says it will return to profit and will cut its TV unit losses in half. (Reuters) Cisco Systems (NASDAQ: CSCO) warns about the economy as it releases earnings. (Reuters) Regulators...
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By now, it was assumed, Yahoo! (NASDAQ: YHOO) would have a new “change agent” CEO and Tim Armstrong of AOL (NYSE: AOL) would have been forced out of his job because of low ad revenue growth,...
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Oil has passed $97 on its way down to what some analysts believe will be $90 or less. That would be a reset of more than 15% over two months. The worry about a battle with Iran over crude sanctions...
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Coalition talks in Greece are unlikely to create a new government, raising the chance Greece could leave the eurozone. (Reuters) GlaxoSmithKline (NYSE: GSK) will launch a takeover of Human Genome...
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Corporate governance, which is a subject often debated but usually in abstract, has moved to the front pages. Patti Hart, the Yahoo! (NASDAQ: YHOO) director who was in charge of the search for new...
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The GAO says the government could make $15.1 billion on its AIG (NYSE: AIG) bailout investment. (Reuters) Facebook CEO Mark Zuckerberg begins the company’s IPO road show. (Reuters) Comscore says...
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As promised, Daniel Loeb and his firm, Third Point LLC, have today sent a letter to Yahoo! Inc. (NASDAQ: YHOO) demanding that the Internet firm open its books and records related to the hiring of CEO...
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Yahoo.comYahoo! (NASDAQ: YHOO) may have to quickly replace its CEO, Scott Thompson. Corporate governance questions have been raised because he lied about his education. Thompson also has lost some...
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David W. Kenny is Yahoo!’s (NASDAQ: YHOO) most important director now. He serves on the Nominating and Corporate Governance Committee. One of the charters of the committee is developing and...
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Investors were skeptical when Scott Thompson became Yahoo!’s (NASDAQ: YHOO) new chief executive. He was nothing more than an e-commerce expert who had run eBay’s (NASDAQ: EBAY) PayPal unit. He...
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Facebook sets its IPO to raise more than $10 billion. (Reuters) The California State Teachers’ Retirement System (CalSTRS) files suit against Walmart (NYSE: WMT) over bribery allegations in Mexico....
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Third Point LLC’ Dan Loeb is now attacking Yahoo! Inc. (NASDAQ: YHOO) over what is a highly unusual incidence: discrepancies of the company’s educational background of CEO Scott Thompson and...
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Outplacement firm Challenger, Gray & Christmas reported this morning that employers planned 40,559 layoffs in April, up 7.1% from the 37,880 job cuts in March. In April 2011 36,490 job cuts were...
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