Bloomberg News Facebook CFO David Ebersman decided to boost IPO shares. Less than three days before Facebook Inc.'s initial public offering, Chief Financial Officer David Ebersman decided to boost the number of shares the company would offer investors by 25%, said people familiar with the planning. His main adviser at lead underwriter Morgan Stanley assured him there was plenty of demand, they said. Facebook shares slid sharply for a second straight day as analysts for at least two of Facebook's lead underwriters revised their financial forecasts for the company while it was holding IPO roadshow meetings. David Benoit has details on The News Hub. Photo: Reuters. That decision by the 41-year-old Facebook executive may have doomed any real chance the social-networking company had that its ... Continue reading →
Ive was born in 1967 in Chingford, Essex, but raised in Staffordshire, where he went to Walton High School, a large comprehensive in Stafford. He says his father, a teacher, was a significant influence on his decision to pursue design. “My father was a very good craftsman. He made furniture, he made silverware and he had an incredible gift in terms of how you can make something yourself.” Ive talks about Apple’s attention to detail in its products – details that often won’t be seen by consumers at all – as a desire to “finish the back of the drawer”. “We do it because we think it’s right,” he says. The seed of that idea was planted while watching his father work. “Growing up, I ... Continue reading →
More than half of the young children in the U.S. now have access to an iPad, iPhone or similar touch-screen device. For parents, their children's love of these devices raises a lot of questions. Kids for years have sat too close to the television for too long or played hours of Madden on family room game players. But pediatric neuroscientists and researchers who have studied the effects of screen-time on children suggest the iPad is a different beast. IPads can be wonderful, but are they wonderful for toddlers? Ben Worthen on Lunch Break explains why pediatric neuroscientists and researchers suggest that the iPad differs from TV and video games. Photo: Darcy Padilla for The Wall Street Journal. A young child will look away from a ... Continue reading →
Apple's tablet plays a key role in the largest debt restructuring in history Apfel in Greece with iPad FORTUNE -- I got a London call last week from a Bob Apfel, a Brooklyn neighbor (and fellow Oberlin College graduate). "Two weeks ago," he began. "I completed the debt restructuring of Greece." It was pretty bold statement, but not entirely out of character. After all, Apfel runs a company called Bondholder Communications Group that does this kind of thing. But that wasn't the real reason for his call. He wanted to talk about the computer network his team had created to get the job done. Greece, as you may recall, was facing bankruptcy this spring, unable to make good on debts worth, on paper, more than ... Continue reading →
When it comes to those last globs of ketchup inevitably stuck to every bottle of Heinz, most people either violently shake the container in hopes of eking out another drop or two, or perform the "secret" trick: smacking the "57" logo on the bottle’s neck. But not MIT Ph.D. candidate Dave Smith. He and a team of mechanical engineers and nano-technologists at the Varanasi Research Group have been been hold up in an MIT lab for the last two months addressing this common dining problem. The result? LiquiGlide, a "super slippery" coating made up of nontoxic materials that can be applied to all sorts of food packaging--though ketchup and mayonnaise bottles might just be the substance’s first targets. Condiments may sound like a narrow focus ... Continue reading →
May 22, 2012 at 3:00 am Image via Niilo Autio Apple is testing multiple next-generation iPhones, and we have independently heard that at least one of these devices sports a brand new display. Apple’s iPhone display went mostly unchanged from the first iteration of the iPhone to the third, but for the iPhone 4, Apple took the iPhone display to new heights with the incredible 640 x 960 Retina Display. The display has always been 3.5 inches measured diagonally and a 3:2 aspect ratio. As we hinted yesterday, all of that is about to change… Right now we know of a few next-generation iPhone candidates in testing. These prototype phones are floating around Apple HQ in thick, locked shells in order to disguise the exterior ... Continue reading →
Featured Videos Rahal prepares for the Indianapolis 500 May 21, 2012 - 3:37 - Tunes up vs. Kilmeade Continue reading →
Nintendo is in trouble. The Japanese gaming giant, which has long felt building pressure from mobile computing platforms, is now officially losing money. Lots of it. Last week, the company reported an operating loss of $458 million, the first such deficit in its long history. While larger economic trends are partially to blame, it certainly doesn't help that Nintendo is refusing to consider the one thing that could possibly save it. Since the iPhone debuted in 2007, iOS has steadily grown as a popular gaming platform. The momentum has only continued with Apple's annual hardware upgrades and the introduction of the iPad in 2010. At any given point in time, the "popular" tab of the iTunes App Store is practically overflowing with games. Despite this, ... Continue reading →
Sony and MGM have released the first teaser trailer for Skyfall, the 23rd James Bond movie. The new film may put Bond behind bars, as he's questioned about a mission that appears to have gone badly.It’s been four years since Daniel Craig’s last stint as James Bond, thanks to long and painful bankruptcy proceedings at MGM, but finally, the first teaser trailer for Skyfall is online. Though we still don’t know a lot about the film, from what we gather in this new teaser, Skyfall appears to be a location. The film seems to center around a mission Bond undertakes for M. Either the mission is wrong, it goes badly, or Bond betrays his country. In any case, several British agents or soldiers appear to ... Continue reading →
