The logo of social networking website ‘Facebook’ is displayed on a computer screen. Updated at 6:09 p.m. ET: Facebook has set a price range for its initial public offering of $28 to $35 per share, according to a regulatory filing,valuing the company at up to $96 billion and setting the ...
FORTUNE — Sometimes big companies do good things for their employees during bad times. And keep on doing it, quietly, without making a fuss. That’s the thought that crossed my mind when I heard that United Technologies Corp., a hard-nosed industrial conglomerate that makes things like aircraft engines and elevators ...
By Julie Appleby, KHN staff writer Millions of consumers and small businesses will receive an estimated $1.3 billion in rebates from their health plans this summer under a provision of the health care law that effectively limits what insurers can charge for administration and profits, a new studyprojects. “This alone ...
Terry Duffy, the head of exchange operator CME Group, testifies about the collapse of MF Global on Capitol Hill Tuesday. NEW YORK (CNNMoney) — Investigators probing the collapse of bankrupt brokerage MF Global said Tuesday that they have located the $1.6 billion in customer money that had gone missing from ...
NEW YORK (CNNMoney) — Facebook has agreed to buy photo sharing network Instagram for $1 billion in a combination of cash and stock, the company announced Monday. It’s Facebook’s biggest acquisition ever, in both price and reach. With around 30 million active users, Instagram has the largest audience of any ...
In this photo illustration, the photo-sharing app Instagram fan page is seen on the Facebook website on the Apple Safari web browser. Facebook Inc. is acquiring photo-sharing app Instagram for approx. $1 billion. If a picture is worth a thousand words, a website with a boatload of pictures is now ...
NEW YORK (CNNMoney) — United Parcel Service is expanding its global reach by agreeing to acquire rival delivery service company TNT Express in a $6.8 billion deal. Atlanta-based UPS (UPS, Fortune 500) will pay about $12.50 in cash per share for the Dutch company, an increase of more than 50% ...
The Malkin family bought the Empire State Building in 2002 and, after much wrangling, gained total control of the 102-story building in 2010. Pssst. Hey, buddy! Wanna buy the Empire State Building? It’s an old joke, at least among New Yorkers, but it will soon have a bit of the ...
Facebook founder Mark Zuckerberg’s 2012 tax bill could be one for the record books. NEW YORK (CNNMoney) — Facebook’s upcoming IPO will make founder and CEO Mark Zuckerberg a billionaire — but it will also stick him with an eye-popping tax bill that could reach as high as $2 billion.
A giant ‘like’ icon made popular by Facebook is seen at the company’s new headquarters in Menlo Park, Calif. Facebook was famously born in a Harvard dorm room, which might be why its much-hyped valuation of $75 billion to $100 billion seems to suffer from grade inflation.
Maurice “Hank” Greenberg is suing the feds for their takeover of AIG, where he was CEO for 40 years. NEW YORK (CNNMoney) — The former head of the American International Group sued the U.S.
Warren Buffett’s $5 billion cash infusion is a bet that investor fears about Bank of America’s financial strength have been overblown. It’s also a wager the banking giant will be able with withstand ongoing mortgage losses. Fresh signs of further deterioration in the housing market, however, could make ...
How executive shuffles, product changes, and a delayed IPO paid off for a couple of private equity firms. CEO Bates (left) first interviewed with financier Durban (center) over Skype – but met Andreessen (right) the old-fashioned way, in his office. FORTUNE — In September 2009, Silver Lake Partners and venture ...
In the winter of 2007, Professor Howard Stevenson died of a cardiac arrest steps from his Harvard Business School (HBS) office. Fortunately, an HBS security officer and its head of buildings and grounds gave him CPR and an HBS clinic worker shocked him with a defibrillator – reviving the recently retired professor.
NEW YORK (CNNMoney) — Zynga, creator of the -Ville online gaming franchise, filed Friday to raise up to $1 billion in an initial public offering. Unlike many of its fellow much-buzzed-about Web upstarts, Zynga is solidly profitable. In 2010, the company had a $90.6 million profit on sales of $597 ...
SAN FRANCISCO — Investors keen to get in on the online networking craze snapped up LinkedIn Corp.’s IPO at $45 per share late Wednesday, hitting the top end of the projected price range. It minted LinkedIn with a market value of more than $4 billion, the highest for a U.S. Internet ...
Microsoft Corp. is close to buying Web video conferencing service Skype Technologies in an $8.5 billion deal that would rank as the biggest ever for the software company, sources familiar with the situation said Monday. All Things Digital, a website run by The Wall Street Journal, reported that the deal ...
