SAN FRANCISCO Qualcomm Inc CEO Paul Jacobs promised on Wednesday to return 75 percent of free cash flow to shareholders through stock buybacks and increased dividends, a new commitment that was lower than some investors hoped for following record returns last year.
NEW YORK IntercontinentalExchange Group Inc said on Tuesday, less than a week after closing its $11 billion takeover of NYSE Euronext, that it plans to spin off Euronext by next summer and to wind down the Big Board parent's technology business.
If anyone still doubted that central bankers all over the world will keep interest rates at rock-bottom levels, those doubts should have been dispelled this week. Janet Yellen's statement on Thursday to the U.S. Senate that the Fed has "more work to do" to stimulate employment, and that "supporting the recovery today is the surest path to returning to a more normal approach to monetary policy," capped a series of surprisingly clear commitments to easy money from central bankers this week. On Wed
NEW YORK/SAN FRANCISCO Twitter Inc shares jumped 73 percent in a frenzied trading debut that drove the seven-year-old company's market value to around $25 billion and evoked the heady days of the dot-com bubble.
SAN FRANCISCO As Twitter Inc had its coming-out party on the New York Stock Exchange on Thursday, the micro-blogging service exploded with a flurry of enthusiastic, lyrical and snarky tweets during the stock's frenzied rally.
NEW YORK/SAN FRANCISCO Twitter Inc shares rose 73 percent in a frenzied trading debut that drove the seven-year-old company's value to $25 billion and evoked the heady days of the dot-com bubble.
SAN FRANCISCO Twitter Inc's initial public offering marks something of a coming out party for San Francisco as a technology capital, giving the city a home-grown success story to rival those of Silicon Valley to the south.
SAN FRANCISCO Just about everyone in Silicon Valley has dreamed of striking it rich with a well-timed investment. Here is a list of the number and value, based on the closing price of $44.90, of the shares owned by some of the people and investment firms that have benefited the most from Twitter's initial public offering on Thursday. At the market close, Twitter's valuation was $24.47 billion.
Twitter Inc, the 140-character messaging service favored by everyone from the Pope to U.S. President Barack Obama, began as a side-project but rapidly morphed into one of the most powerful social and cultural media forces of our time.
Twitter Inc on Wednesday priced its initial public offering above its expected range to raise more than $1.8 billion, according to a source, in a sign of strong investor demand for the most highly anticipated U.S. public float since Facebook Inc.
SACRAMENTO, Calif. The election of Republican businessman Donald Trump as president of the United States has some Californians dreaming - of their own country.