Sovereign wealth fund China Investment Corp (CIC) is in advanced talks to buy an up to $2 billion stake in Alibaba Group, sources told Reuters, as the Chinese e-commerce powerhouse looks to secure the last of the funding it needs to buy back part of its stake from Yahoo. Read More
Facebook CEO Sheryl Sandberg made her first post-IPO public appearance today. In a speech at Harvard Business School, she asked the newly-minted MBAs to pitch in and help Facebook’s bottom line. Read More
She steered clear of any controversial issues -- no talk about the Nasdaq or the stock price. She talked quite a lot about working with CEO Mark Zuckerberg and the premium both of them place on honesty and clear, simple communication. Read More
Despite Facebook’s trading flop, underwriters on the deal, led by Morgan Stanley, are in line to turn a potentially substantial profit through a trading mechanism designed to stabilize the share price, according to people familiar with the matter. Read More
Facebook, which had a disastrous initial public offering with the Nasdaq last week, is now considering a listing with the New York Stock Exchange, sources told CNBC. Read More
Hewlett-Packard’s expected restructuring announcement is “just the beginning” for the personal computer maker if Chief Executive Meg Whitman shifts to a digital strategy, says Mark Stahlman, director at TMT Strategies. Read More