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Facebook Announces $5 Billion IPO
Published on 2012-02-02 07:38:04
TweetMarket Update – 2nd February 2012 Facebook have announced plans to float on the stock market. It is looking to raise $5 billion in an IPO. It has filed its intention to list with the Securities and Exchange Commission. Form S-1 REGISTRATION STATEMENT Under The Securities Act of 1933 - Facebook, Inc. SEC.gov It is valued at around $75 billion, less than [...]
Google Shareholders Not Impressed With 27% Growth
Published on 2012-01-20 06:34:35
TweetGoogle has seen its revenue increase by 27% for the final quarter, and 29% overall for 2011. However, this increase in revenue has still fallen short of shareholder expectations and as a result many people are selling. Google share price has dropped by 10% after the results were released, plummeting share price to $575 per [...]
Churchill and Direct Line Fined £2.17 Million for Altering Client Files
Published on 2012-01-18 05:48:36
TweetRBS, and us, the taxpayers, will be having to cough up £2.17 million to pay an FSA fine incurred by Churchill Insurance and Direct Line. Both Churchill Insurance Company Limited and Direct Line are private companies, owned by the Royal Bank of Scotland Group Plc.. It was discovered that both of these companies had altered customer files to [...]
