E-Mail this
Historic Facebook debut falls flat
Friday, May 18, 2012 6:53:38 PM CST
SAN FRANCISCO (Reuters) - The historic initial public offering of Facebook Inc did not go as planned on Friday, as the social networking company's sky-high valuation combined with trading glitches left the stock languishing near its offering price at the market close.
E-Mail this
Pakistan blocks Twitter access over "blasphemous content"
Sunday, May 20, 2012 5:36:02 AM CST
ISLAMABAD (Reuters) - Pakistan on Sunday blocked access to Twitter in response to "blasphemous" material posted by users on the microblogging and social networking website, a senior government official said.
E-Mail this
Yahoo shares climb on report Alibaba deal near
Friday, May 18, 2012 9:20:59 AM CST
(Reuters) - Yahoo Inc shares rose as much as 6.7 percent on Friday after a report that it was close to selling part of its valuable stake in the Alibaba Group.
E-Mail this
Mediaset fears internet challenge amid ad slump
Friday, May 18, 2012 6:44:12 AM CST
MILAN (Reuters) - An executive at Mediaset said on Friday internet giants could challenge Italy's biggest commercial broadcaster's business model in coming years, while the advertising outlook remains grim.
E-Mail this
Iran threatens to sue Google over dropping Persian Gulf
Thursday, May 17, 2012 1:52:17 PM CST
DUBAI (Reuters) - Iran's Foreign Ministry threatened on Thursday to take legal action against Google for dropping the name Persian Gulf from its Google Maps and leaving the waterway between Iran and Arab states nameless, state television reported.
E-Mail this
GM ad move followed failed Facebook pitch: sources
Thursday, May 17, 2012 8:14:20 PM CST
DETROIT/NEW YORK (Reuters) - Facebook may only have itself to blame for why General Motors rained on its IPO parade this week.
E-Mail this
Comcast trying out Internet usage pricing, dropping caps
Thursday, May 17, 2012 2:45:22 PM CST
(Reuters) - Comcast Corp said on Thursday it will introduce a trial for usage-based billing for its Internet subscribers in a move seen to pre-empt more complaints the cable company favors its own Web video service over rivals.
E-Mail this
Insight: Who got Facebook IPO shares? Fairness may not come into it
Thursday, May 17, 2012 10:33:12 PM CST
NEW YORK (Reuters) - A lot of loyal Facebook fans and occasional investors are discovering a hard truth this week: Money and connections talk, especially when it comes to a hot deal handled by Wall Street.
E-Mail this
Pinterest financing values company at $1.5 billion
Thursday, May 17, 2012 11:51:37 AM CST
(Reuters) - Silicon Valley startup Pinterest raised $100 million from a group led by Japanese online retailer Rakuten Inc, valuing the company at about $1.5 billion and underscoring the huge investor appetite for social-networking companies.
E-Mail this
No respite for HP, Dell in Windows 8: BMO
Thursday, May 17, 2012 7:53:42 AM CST
(Reuters) - Microsoft's long-awaited launch of the Windows 8 OS may not change the fortunes of PC makers, BMO analysts said, lowering their price targets on the stocks of Hewlett-Packard Co and Dell Inc.