• The Fine Art Of Disruption: How Lorenzo Thione Evolved From 'Bing' To 'Artify It'

    May 26 2012 12:02 PM

    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

    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

    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

    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

    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

    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

    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

    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

    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

    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

    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

    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

    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

    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

    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

    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

    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

    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

    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

    Former Yahoo (Nasdaq: YHOO) CEO Scott Thompson quit in part because of a recent diagnosis of thyroid cancer, the Wall Street Journal reported.