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Dropbox takes a peek at files

2013-09-13 13:25:20| InfoWorld: Top News

Dropbox takes a peek at some kinds of uploaded files. That's normal, the Web storage service says. The disclosure comes after a test of the service found that several ".doc" files were opened after being uploaded to Dropbox.

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Twitter files for IPO

2013-09-13 08:53:00| Telecompaper Headlines

(Telecompaper) Twitter has confirmed it will list on the stock market. The company said on its official Twitter feed, "We've confidentially submitted an S-1 to the SEC for a planned IPO. This Tweet does not constitute an offer of any securities for sale." The company is using the Jumpstart Our Business Startups Act to keep its SEC filings private. The law took effect last year and aims to encourage more companies to raise capital publicly. Companies with less than USD 1 billion in annual revenues can keep their securities filings confidential until three weeks before the launch of an investor roadshow. The timing of the announcement suggests Twitter could launch on the public market before the end of 2013. On the day before the IPO was announced, Twitter shares were priced on the private market at USD 26 each for large blocks and USD 28 for small lots, giving the company a valuation of USD 13.7-14.4 billion, one investor who owns Twitter stock told the Financial Times. The investor said it was "absolutely clear" that Twitter had a working revenue model and potential investors would be able to see a point in the future where it would become profitable.

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Twitter's Going Public, Files Confidential IPO Docs

2013-09-13 03:40:47| PC Magazine Software Product Guide

Twitter today quietly filed for an initial public offering with the Securities and Exchange Commission, and later announced the move - of course - on Twitter.

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Twitter files for IPO

2013-09-13 02:00:00| Total Telecom industry news

Microblogging site wary of repeating same mistakes that dented Facebook's stock market début.

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Marathon Oil files new well permits for Sugarloaf project in Texas

2013-09-13 01:00:00| Hydrocarbons Technology

Gas exploration and production company Empyrean Energy has announced that Marathon Oil, which operates the companys interests in the Sugarloaf AMI, has filed new well permits since June.

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