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Facebook's Value Tops $200 Billion on Mobile-Ad Optimism
2014-09-09 01:19:43| Telecom - Topix.net
Facebook Inc.'s market value exceeded $200 billion Monday to put it among the world's biggest corporations, as investors bet on the company to capitalize on the future of mobile advertising. Facebook shares rose 0.8 percent to $77.89 at the close in New York, valuing the company at $201.6 billion, according to data compiled by Bloomberg.
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tops
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Off-campus housing becomes $4 billion industry
2014-09-08 21:35:00| American School & University
Private developers are increasingly stepping in to create off-campus housing to complement campus dormitories and give students options, NPR reported. These often high-end residences are part of what is now a $4 billion industry. Content Classification: Curated read more
Tags: industry
housing
billion
offcampus
General Electric Sells Appliance Business For $3.3 Billion
2014-09-08 17:12:02| Appliances - Topix.net
General Electric announced the sale of its storied appliance to with Sweden's Electrolux , in a $3.3 billion transaction that also includes the sale of GE's 48.4% stake in Mexican appliance company, Mabe. GE had a product development and manufacturing joint venture with the Mexican firm.
Tags: business
general
electric
billion
Pernod eyes up billion euro acquisition
2014-09-08 14:35:43| Beverages - Topix.net
Pierre Pringuet, the deputy chairman and joint chief executive of Pernod Ricard, says the French group could raise and spend "a few billion euros" on the right acquisition, if one came along. Since the takeover of Vin &Sprit, which brought Absolut vodka into the portfolio in 2008, Pernod Ricard has focussed on reducing the ratio of its net debt to earnings before interest, tax, depreciation and amortisation to below four.
Tags: euro
eyes
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acquisition
Alibaba to raise up to USD 24.3 billion in IPO
2014-09-08 09:29:00| Telecompaper Headlines
(Telecompaper) Alibaba has amended its IPO filing in the US to raise up to USD 24.3 billion. The Chinese company will sell up to 368 million shares at USD 60-66 each, according to the latest filing with the SEC. In addition to 123.1 million new American Depositary Shares, its existing shareholders Yahoo, executive chairman Jack Ma and executive vice chairman Joe Tsai will together sell 197.0 million ADS. The underwriters will have the option to sell another 48.0 million ADS if demand warrants. Yahoo is expected to reduce its stake in Alibaba to 16.3 percent from 22.4, and Softbank's stake will dilute to 32.4 percent from 34.1. Ma, also the founder of the company, will still hold 7.8 percent of the company after the offering.
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alibaba
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