Facebook made a much-anticipated status update Wednesday: The Internet social network is going public eight years after its computer-hacking CEO Mark Zuckerberg started the service at Harvard University.
Shares of Oracle plunged almost 14 percent in early morning trading Wednesday, a day after the business software company said it was struggling to close deals.
Facebook might finally be laying down the groundwork for a highly-anticipated initial public offering, long expected to take place sometime after April 2012.
Despite his medical history, investors appeared to be taken off-guard by the announcement of Apple CEO Steve Jobs’ resignation.
The settlement would end a 2008 suit that charges Wachovia misled investors in its bonds and preferred securities by understating losses associated with risky mortgages. Wells bought Wachovia that year.
The investors who won the contract to buy 24 state office buildings have sued the state.
California Gov. Jerry Brown has dropped a plan to sell 24 state government buildings to private investors.
The company behind the largest website for professional networking is going public.
The cash-strapped state’s grand plan to sell $10 billion of bonds in order to pay some of its bills has come up against a glut of municipal debt on the market.
OAKLAND, Calif. (BCN) _ A Danville man has been sentenced to 15 years in prison for defrauding 500 investors of $62 million.