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Mark Zuckerberg

Facebook IPO Price Will Be $35

Facebook, the 901-million-member social network priced its initial public offering at $35. It could be the biggest-ever IPO.
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Fashion 101: Three Online Brands Offer Their Recipes For Success In The Digital Space

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.
Guy Hands

Terra Firma To Buy Four Seasons Healthcare For $1.34B

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.
Wells Fargo

Wells Fargo Enters Prime Brokerage World With Merlin Acquisition

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.
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Fraud lawsuit survives over Goldman's Abacus CDO

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.
Qatar Investment Fund hikes its stake in French oil and gas giant Total SA.

Mergers, Acquisitions Proliferate Globally

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.
iPhone 5

Apple iPhone 5 Release Date: Launch Could Be Delayed Till October Due To Qualcomm's LTE Chip Shortage, But Strong Demand Predicted

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.
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CVC Reported Near Deal To buy AlixPartners

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.
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Goldman Sachs employee under investigation

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.
A man stands near the headquarters of the central bank in Brasilia September 22, 2011.

Brazil Cuts Benchmark Rate To Near-Record Low 9%

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.
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Morgan Stanley beats estimates on strong trading

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.

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