The IPO on everyone's minds for the past few years -- and possibly the biggest one in history -- is upon us: Facebook will finally make its Wall Street debut on Friday, May 18, 2012. Sources also say Facebook will begin its IPO roadshow on Monday, May 7. Will Mark Zuckerberg enjoy the biggest IPO in history?
Stunning clothes, exotic models and fabulous parties might sound like fun and games but peel back the glamorous layers and you quickly see that fashion is serious business. A serious billion dollar business, to be precise. Three brands offered up their recipes for success in the digital space to IBTimes Fashion & Life. Here is what they said.
Private equity group Terra Firma Capital Partners said Monday it would buy Four Seasons Health Care, the UK's largest independent elderly healthcare provider, for 825 million pounds ($1.34 billion) to take advantage of the growing demand.
U.S. stock index futures pointed to a steady open on Wall Street on Monday, with futures for the Nasdaq 100, the S&P 500 and the Dow Jones staying flat.
Wells Fargo & Co. (NYSE: WFC) annouced Friday the acquisition of prime broker Merlin Securities LLC for an undisclosed amount. The move is the bank's first move into prime brokerage services, which provides clients such as hedge fund managers to records-handling and trade-clearing services.
Goldman Sachs Group Inc must defend fraud claims brought by a bond insurance company over its notorious Abacus mortgage product deal, a New York state judge ruled, but she decided that the investment bank did not unjustly enrich itself.
Dropbox has announced a new function that allows people to share files and folders using links to designated URLs.
Mergers and acquisitions are proliferating globally as low interest rates, large cash piles and depressed asset prices create opportunities for expanding market share and restructuring.
The companies whose shares are moving in pre-market trade Monday are: Ardea Biosciences, Amylin Pharmaceuticals, Savient Pharmaceuticals, Amarin Corp, DR Horton, Achillion Pharmaceuticals, SGOCO Group, Kellogg Co, Wal-Mart Stores and United States Steel Corp.
Just a day after Korean publication ETNews reported that Apple's sixth generation iPhone could make its debut at the Worldwide Developers Conference (WWDC) in San Francisco in June, Piper Jaffray analyst Gene Munster has added yet another twist to the tale. He said that the new iPhone launch could be pushed back to the fall, and blamed a troubled parts manufacturer for the delay.
Federal prosecutors in California are investigating a Goldman Sachs employee for insider trading, according to prosecutors and defense lawyers who attended a hearing in U.S. federal court in New York on Thursday.
Private equity firm CVC Capital Partners is nearing a deal to buy restructuring and consulting firm AlixPartners for more than $1 billion, according to several people familiar with the matter.
Private equity firm CVC Capital Partners is nearing a deal to buy restructuring and consulting firm AlixPartners for more than $1 billion, according to several people familiar with the matter.
Federal prosecutors in California are investigating a Goldman Sachs employee for insider trading, according to prosecutors and defense lawyers who attended a hearing in U.S. federal court in New York on Thursday.
Advanced Micro Devices (NYSE: AMD), the No. 2 microprocessor developer, reported first-quarter operating income that beat estimates, despite posting a net loss on one-time charges, as revenue rose more than expected.
Goldman Sachs Group Inc and investment adviser TCW have survived an appeal by a German bank that sued them for fraud over a toxic derivative marketed at the height of the housing market bubble.
Facebook’s $1 billion deal to acquire Instagram may have resulted in pushing the initial public offering price for the No. 1 social media network even higher.
On April 24, Apple CEO Tim Cook is going to announce the company's fiscal Q2 earnings ended in March, and if analysts' predictions are to be believed, the company sold 33 million iPhones, 12 million iPads, and 4.3 million Macs during the quarter.
Brazil’s central bank cut its benchmark interest rate to 9 percent from 9.75 percent on Wednesday, bringing the rate down to a near-historic level. This is the sixth time Banco Central do Brasil has reduced its Selic rate since August, when it cut the rate to 12 percent from 12.5 percent.
Human Genome Sciences Inc has rejected an unsolicited bid worth around $2.6 billion from long-time partner GlaxoSmithKline Plc, marking a new takeover battle in a drugs sector that has been swept by M&A recently.
Morgan Stanley's first-quarter results beat expectations, as trading revenue rose sharply and the bank's wealth management business began to improve, sending its shares up in premarket trading on Thursday.
Howard Stern's lawsuit against satellite radio provider, SiriusXM, has been thrown out. The case was dismissed after Judge Barbara Kapnick ruled that Stern's contract only included awards for Sirius subscribers, not those of XM.