Alibaba.com, Hong Kong-listed unit of China's Alibaba Group, said on Friday that 83.8 percent of its shareholders have approved a $2.5 billion buyout offer by the parent to take the company private, in a decision that was widely expected. Read More
Claims by four of Wall Street's main market makers against Nasdaq over Facebook's botched IPO are likely to exceed $100 million, as they and other traders continue to deal with thousands of problems with customer orders. Read More
Conflict-of-interest arguments are brewing about whether Morgan Stanley and other banks were allowed to make significant downward adjustments to Facebook's financial estimates during the deal's 9-day marketing period. Read More
Citadel Securities is the latest firm to report “significant losses” from Facebook trades on behalf of clients, according to people familiar with the situation. Read More
America's love for bacon has reached a fever pitch in the past few years and now, this bacon mania has spawned a new trend: Bacon tourism. You can pretty much eat your way across America all year long, from one sizzling bacon festival to another! Grab a cooler — or three or four — it's a porcine tour of America, with one off-the-beaten path stop in ... Iceland?! Read More
After Hewlett-Packard announced plans to reduce the largest amount of workers in its 73-year history by cutting 27,000 jobs, Jason Noland, analyst for the firm Robert W. Baird, said the firm risks losing key staff to Silicon Valley. Read More
Successful startup search engine DuckDuckGo is proving to Google, Facebook, and other Internet giants that being a big fat bird on the wire is no longer beautiful. Read More
Demand to borrow Facebook shares for shorting has increased, with nearly 8 percent of the stock out on loan, according to financial data company Data Explorers. Read More