Latest Business Wires

(Reuters) - Dead silence.

CAPE CANAVERAL, Florida (Reuters) - Astronauts aboard the International Space Station opened the hatch and floated inside a Space Exploration Technologies' Dragon capsule on Saturday, the first privately owned spaceship to reach the orbital outpost, NASA said.

NEW DELHI (Reuters) - India's Telecom Commission will ask the sector regulator to analyse the potential impact of a proposed airwaves auction base price that is seen as too high and has drawn protests from carriers.

TORONTO (Reuters) - Research In Motion Ltd <RIM.TO> is preparing for a major restructuring beginning in the next couple of weeks that will see it eliminate at least 2,000 jobs worldwide, the Globe and Mail reported on Saturday, citing unnamed sources.

TOKYO (Reuters) - Japanese chipmaker Renesas Electronics Corp plans to sell off loss-making operations and cut its payroll by at least 12,000, a source close to the matter told Reuters on Saturday, as the company battles high costs and nimbler foreign rivals.

(Reuters) - Dead silence.

HONG KONG (Reuters) - Octogenarian Hong Kong billionaire Li Ka-shing mapped out a succession plan for one of Asia's biggest family empires, ensuring a smoother transition for the Cheung Kong <0013.HK> group than that of real estate rival Sun Hung Kai Properties <0016.HK>.

TOKYO (Reuters) - Struggling Japanese chipmaker Renesas Electronics Corp is planning to slash as many as 14,000 jobs and sell a major semiconductor factory in Japan to Taiwan Semiconductor Manufacturing Co, the Nikkei newspaper reported.

By Erin Geiger Smith Less than a week after its IPO, Facebook Inc is already facing multiple lawsuits by disgruntled shareholders who claim that the company and its underwriters, including Morgan Stanley and Goldman Sachs, told only select institutional investors about the social media company's weakened growth forecast.

NEW YORK (Reuters) - Investors will grapple next week with major U.S. economic reports and the looming possibility of a Greek exit from the euro zone, which is likely to keep dragging on equities for weeks to come.

GENEVA (Reuters) - China launched a complaint at the World Trade Organization on Friday against U.S. import duties on 22 Chinese products that the United States says are unfairly priced or subsidized, including solar panels and steel products.

The botched offering of Facebook stock has raised several troubling questions, but at least we don't have to worry about the one that plagues many IPOs: How are a few select investors able to buy in early at lower prices and then pocket huge profits when the trading frenzy begins?

WASHINGTON (Reuters) - Securities regulators are looking into whether Nasdaq violated any technical exchange rules when it botched Facebook Inc's market debut last week, according to people familiar with the matter.

Shares of some top internet companies were mixed at the close of trading:

(Reuters) - The ripple effects of Facebook Inc's botched IPO appear to already be hitting the market for initial public offerings as two companies this week pushed back their market debuts.

NEW YORK/SAN FRANCISCO (Reuters) - Dell Inc is expected to reach an agreement to buy network security software maker Quest Software Inc as soon as this weekend after a previous deal fell apart, several people familiar with the matter said.

NEW YORK (Reuters) - Four of Wall Street's major market makers involved in Facebook's botched initial public offering last Friday expect their losses from technical glitches on Nasdaq's exchange to be around $115 million.

BOSTON (Reuters) - Just hours before Facebook Inc made its stock market debut last Friday, Seuk Kim put in a limit order $4 above the initial public offering price.

NEW YORK (Reuters) - UBS AG had trading losses of around $30 million stemming from Facebook Inc's botched initial public offering on Nasdaq OMX Group Inc's U.S. exchange, a source with knowledge of the situation said on Friday.

(Reuters) - Facebook Inc's bungled initial public offering has gone from one of the most highly anticipated stock offerings to a hot legal opportunity for lawyers on both sides of shareholder litigation.