The Fine Art Of Disruption: How Lorenzo Thione Evolved From 'Bing' To 'Artify It'
May 26 2012 12:02 PM EDT
Lorenzo Thione believes in fate and approaches the world with a somewhat self-confident naivete. This outward optimism comes across most clearly when he talks about his new business: He wants to be an artist among the artists, unchaining fine art from wealthy collectors and setting it free among the hoi polloi.
Limbaugh Boycott Gets Mixed Results; Sponsors Still Out On Ratings Decline
May 25 2012 1:07 PM EDT
Three months after Rush Limbaugh characterized a Georgetown Law School student Sandra Fluke as a ?slut? and a ?prostitute,? a liberal-backed boycott of the right-winger?s radio show has been effective.
?Ethical iPhone?? SumofUs Says No
May 24 2012 2:21 PM EDT
SumOfUs, the Washington, D.C.-based liberal group that pressured Apple (Nasdaq: AAPL), the world's most valuable technology company, about its Chinese contractors, is keeping the pressure on.
HP?s CEO Chops 27,000 Jobs, Investors Cheer
May 24 2012 9:42 AM EDT
Shares of Hewlett-Packard Co. (NYSE: HPQ), the No. 1 computer maker, leaped as much as 7.4 percent Thursday after the company said Wednesday it would fire 27,000 people.
How Much Value Has Facebook Lost In A Week?
May 24 2012 8:54 AM EDT
Shareholders of Facebook (Nasdaq: FB), the No. 1 social network, already know: priced a week ago at $38, shares once hit $45 but closed Wednesday at $32.
Cisco, Dell, HP: Is A Tech Recession Coming?
May 23 2012 1:37 PM EDT
Because they report quarterly results generally out of the regula,r pattern technology giants Cisco Systems (Nasdaq: CSC), Hewlett-Packard Co. (NYSE: HPQ) and Dell (Nasdaq: DELL) are technology bellwethers. Do their dismal dismal forecast presage downturn?
BlackRock Buys Stake in Formula 1 Ahead of Singapore IPO
May 22 2012 11:25 AM EDT
Formula 1, the popular global auto racing sport, is on its way to a possible IPO as financial investors such as Waddell & Reed Financial Inc. (NYSE: WDR), Norges Bank Investment Management and BlackRock, Inc. (NYSE: BLK) bought 21 percent of the company, CVC Capital Partners, owner of Formula 1, confirmed Tuesday.
Accor Sells Motel 6 To Blackstone For $1.9 Billion
May 22 2012 9:56 AM EDT
French hotel giant Accor SA (Paris: AC) said Tuesday it will sell the underperforming Motel 6 U.S. budget hotel chain to asset manager Blackstone Group LP for $1.9 billion, as part of an effort to cut debt and shift focus from the U.S. to fast-growing emerging markets.
Nasdaq To Change IPO Procedures Following Facebook Glitches
May 21 2012 3:25 PM EDT
Nasdaq OMX Group Inc. (Nasdaq: NDAQ) will change its initial public offering trading procedures as a result of glitches and delays which occurred during Friday's Facebook (Nasdaq: FB) IPO, mistakes for which the exchange operator hopes to pay $13 million to burned investors, sources reported Monday.
Dalian Wanda Buys AMC Entertainment Cinema Company For $2.6B
May 21 2012 10:30 AM EDT
A Chinese conglomerate will buy a major U.S. cinema chain, AMC, for $2.6 billion, in China's biggest takeover of an American company to date.
Facebook Shares Plunge As Much As 13% In Monday Trades
May 21 2012 9:46 AM EDT
Shares of Facebook (Nasdaq: FB), the No. 1 social network, plunged more than 13 percent when markets opened Monday, lowering the company?s value by about $8 billion.
Facebook?s Beneficiaries: Bono, Li, Zynga And LinkedIn CEOs
May 18 2012 12:23 PM EDT
It?s not just Mark Zuckerberg whose shares of Facebook (Nasdaq: FB), the No. 1 social network, became more valuable on Friday. U2's Bono is also smiling.
Facebook Prices IPO Shares At $38; Values Company At Record $104 Billion
May 17 2012 4:20 PM EDT
Facebook (Nasdaq: FB), the No. 1 social network, raised $16 billion in its initial public offering, the biggest in Internet history, valuing its shares at $38.
HP Could Fire 25,000 In Cost-Cutting Move
May 17 2012 2:13 PM EDT
Shares of Hewlett-Packard Co. (NYSE: HPQ), the No. 1 computer maker, were largely unaffected by a report it would fire as many as 25,000 employees as part of cost-cutting measures.
Agilent Shares Gain After Dako Acquisition
May 17 2012 10:00 AM EDT
Shares of Agilent Technologies (NYSE: A), the No. 1 U.S. instrument maker, surged on Thursday after the company announced it?s biggest acquisition, the $2.2 billion takeover of Denmark?s Dako.
Facebook IPO: Why Did Underwriters Boost Its Value?
May 16 2012 3:24 PM EDT
A day before Facebook (Nasdaq: FB), the No. 1 social network holds its initial public offering, its 33 underwriters boosted the number of shares for sale by 25 percent, potentially valuing the deal as high as $19 billion.
Micron Shares Surge On Apple Japan Orders
May 16 2012 2:19 PM EDT
Shares of Micron Technology (Nasdaq: MU), the only U.S. maker of memory chips, jumped as much as 9 percent Thursday on a report that Apple (Nasdaq: AAPL), the world's most valuable technology company, had placed a huge order in Japan.
Tech Risks? Disasters, Failure To Innovate Rank High: BDO Survey
May 15 2012 2:07 PM EDT
In 1999, Andrew Grove, then Chairman of Intel (Nasdaq: INTC), the No. 1 chipmaker, published a bestseller, ?Only the Paranoid Survive.?
Facebook?s IPO: Shares Upped, Value Could Be $104 Billion
May 15 2012 9:08 AM EDT
Facebook (Nasdaq: FB), the No. 1 social network, announced that it would increase the number of shares in its initial public offering, price them higher and value the company at as much as $104 billion.
Ex-Yahoo CEO?s Cancer Diagnosis Led To Quit Decision
May 14 2012 12:33 PM EDT
Former Yahoo (Nasdaq: YHOO) CEO Scott Thompson quit in part because of a recent diagnosis of thyroid cancer, the Wall Street Journal reported.