Facebook Gets a Buy Rating: It’s ‘An Option on the World’
Facebook is more than a company bet. It is "an option on the World." That is how Needham & Co. analysts describe the social networking giant in initiating coverage on the stock with a buy rating and a $40 price target, above the IPO price and 29% above...
Alibaba Upsizes Loan to $4 Billion
Alibaba Group Holding Ltd. is working on increasing the size of a US$3 billion loan it has already taken out to finance the privatization of its Hong Kong listed unit to US$4 billion, a person familiar with the situation said Wednesday.
Thailand’s PTT Trumps Shell, Again, for Cove
Just when everyone thought this was a done deal, Thailand’s PTT Exploration and Production is back in the game for Cove Energy PLC.
Gina Rinehart Becomes World’s Richest Woman
Australian mining magnate Gina Rinehart is the richest woman in the world after snaring a major foreign investor for her new mining project and following a recovery in iron-ore prices, according to a new 2012 rich list compiled Down Under.
‘Minegolia’ Struggles With IPOs
Mongolia is finding it far harder to get its biggest mining companies listed overseas than to dig the raw materials out of the ground.
Nasdaq Still Dealing With Facebook Fallout
Nasdaq is continuing to battle Facebook fallout this evening.
Deal Profile: Dalian Wanda Plans $2.6 Billion Deal for AMC
China's Dalian Wanda revealed its plan to spend $2.6 billion to buy AMC Entertainment Holdings late Sunday, creating a massive cinema chain and landing the largest purchase of a U.S. corporation by a Chinese buyer. Here's a profile of the deal and its ...
Cloud Computing Deals Still Come Pricey as SAP Buys Ariba
The corralling of the cloud continues. SAP has announced a $4.3 billion takeover of Ariba in an effort to expand its cloud-based e-commerce offerings, ramping up its battle with other tech giants clamoring to get in the computing troposphere.
Gupta Trial: A Who’s Who of Those Who Will Come Up
As the Rajat Gupta trial gets into full swing, here’s a helpful who’s who of names that will likely become the center of this major corporate insider trial.
Facebook Among the Worst Big U.S. IPO Starts in 5 Years
Facebook’s continued fall has put the social network on pace to be one the worst large U.S. IPO starts in the past five years.
Here’s Ackman’s Ira Sohn Presentation on J.C. Penney
Last week, Bill Ackman gave a presentation on the promising future of J.C. Penney, the retailer he has acquired an 18% stake in. Here's Ackman's entire slide presentation on J.C. Penney.
Nasdaq Asked No Questions At Annual Meeting Following Facebook
Nasdaq's annual meeting lasted shorter than the delays the exchange operator had in launching Facebook.
