Investors Sue Facebook and Banks for Analyst Changes
Three Facebook investors have filed a civil lawsuit in Manhattan federal court, alleging the company and its underwriters failed to properly disclose changes to analysts' forecasts made at the underwriting banks.
Oaktree Rides in as White Knight For Diamond Foods
Diamond Foods is getting a lift from a $225 million investment from private-equity shop Oaktree Capital, which should offer some financial stability to the walnut company as it tries to fix up shop after accounting improprieties emerged last year that ...
Deals of the Day: Inside Fumbled Facebook Offering
Deals of the Day compiles this morning’s biggest news about mergers and acquisitions, banking, bankruptcy and more.
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.
