Enlarge image Facebook Said Near to Pricing IPO for at Least $38 a Share David Paul Morris/Bloomberg The Facebook Inc. logo is displayed on a computer screen and reflected in water droplets in San Francisco. The Facebook Inc. logo is displayed on a computer screen and reflected in water droplets in San Francisco. Photographer: David Paul Morris/Bloomberg Facebook Inc. (FB) raised $16 billion in the biggest initial public offering by a technology company in history, pricing the shares at the top end of an increased range. The social network, led by 28-year-old Mark Zuckerberg, sold 421.2 million shares at $38 each, data compiled by Bloomberg show. This week, Menlo Park, California-based Facebook expanded the IPO to meet demand, allowing backers Goldman Sachs Group Inc. and ... Continue reading →
Dutch Scientist Grows $318K Hamburger in Petri Dish May 16 (Bloomberg) -- Professor Mark Post from Maastricht University in the Netherlands is growing a $318,000 hamburger from cow stem cells grown in petri dishes. Bloomberg Television's Nejra Cehic went to meet him and find out if the Dutch would eat his beef. (Source: Bloomberg) TV Channel Finder ZIP is required for U.S. locations Bloomberg Television in change Continue reading →
Faber Sees Crash Like in 1987 If U.S. Stocks Climb Higher By Betty Liu and Corinne Gretler - Thu May 10 14:55:57 GMT 2012 Enlarge image Investment Analyst Marc Faber Jonathan Fickies/Bloomberg Marc Faber, investment analyst, speaks during a television interview in New York. Marc Faber, investment analyst, speaks during a television interview in New York. Photographer: Jonathan Fickies/Bloomberg May 10 (Bloomberg) -- Marc Faber, publisher of the Gloom, Boom & Doom report, talks about U.S. stocks and economy. Faber, speaking with Betty Liu on Bloomberg Television's "In the Loop," also discusses his view on the euro and the euro zone. (Source: Bloomberg) U.S. stocks may plunge in the second half of the year “like in 1987” if the Standard & Poor’s 500 Index climbs ... Continue reading →
New York City has emerged as the nation’s second leading high-tech hub, according to a new report by The Center for an Urban Future. "In 2006, I wouldn't have put New York anywhere on the map," Silicon Valley high-tech and venture capital expert, Vivek Wadhwa, told the authors of the report. "If there is any second to Silicon Valley, it’s now New York not Boston." Since 2007, 486 of New York City's’s high tech start-ups have received venture capital investment, mainly in the fields of the Internet and mobile technology. Of these, 15 have raised more than $50 million in venture funds, 27 have attracted at least $25 million and 81 have raised $10 million or more, according to the report. Of the seven leading ... Continue reading →
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