Network officials also said voters should expect more of a Koch focus on grassroots activism throughout the 2020 election cycle.Politicsread more
In a room full of avowed capitalists, policies that sound to some like socialism are bound not to go over well.Delivering Alpharead more
GM's usage of temporary workers, potential closure of plants and health care contributions remain major sticking points, according to people familiar with the talks.Autosread more
Trump has criticized Facebook numerous times since becoming president, most recently posting on Twitter that the company's proposed digital currency, libra, will "have little...Technologyread more
Republicans and Democrats have long since separated themselves by ideology, leaving each more uniformly conservative or liberal than ever. And now a new data analysis by the...Politicsread more
At least in terms of monetary policy, Pence says should be taking after other regions who keep their benchmark interest rates near zero.Delivering Alpharead more
The Pentagon on Thursday said the recent attack on Saudi Arabian oil facilities were "sophisticated" and represented a "dramatic escalation" in tensions within the region.Defenseread more
The flap illustrates the growing distrust of the YouTube community, and willingness to assume the worst in light of unclear communication.Technologyread more
Four years ago Microsoft had just two women on its board. Walmsley is now the fifth.Technologyread more
AT&T isn't focused on selling or divesting DirecTV, despite pressure from stakeholder Elliott Management, sources tell CNBC.Technologyread more
Patrick Shyu, a former tech lead at Google, has posted a series of videos making fun of Facebook, where he worked as a software engineer until last month.Technologyread more
Britain is on track to sell shares in Royal Mail at the top of its range, two sources close to the deal said, valuing the postal service at more than $5 billion on the final day that investors can put in orders.
Despite the threat of strike action from delivery staff and criticism from opposition lawmakers, the government is close to completing the sale of a majority stake in the near 500-year-old Royal Mail - the fourth attempt to sell off the postal service.
The privatization, which at the top of the expected price range would value Royal Mail at 3.3 billion pounds ($5.3 billion), is Britain's biggest since John Major's Conservative government sold the railways in the 1990s.
The stock market offering has received strong demand from the outset, and investors have now been told those with orders below 330 pence per share, the top of an original 260p-330p range, risk missing out, the sources said.
Investors have also been warned that, due to strong demand, they should expect their orders to be scaled back.
The financial spread betting firm IGis predicting the shares could close between 385 pence and 405 pence on their stock market debut on Friday.
IG Chief Market Strategist David Jones said the success of past big privatizations such as BT and British Gas was probably attracting retail investors.
"People have got memories about how well these government sell-offs did back in the 1980s and 90s," he said. "With those, there were decent windfall profits on the first day."
Despite the strong demand, many members of the public are against the sale, with a YouGov survey in July showing two-thirds of British adults opposed the privatisation.
The government has said around 30 percent of the shares on offer are expected to go to individual members of the public, who must spend a minimum of 750 pounds to invest in the company.
It has also agreed to hand 10 percent of Royal Mail's shares to staff in the largest share give away of any major UK privatization. If they are distributed equally among the 150,000 eligible UK-based workers, each could receive 2,200 pounds' worth.
(Read more: )
The sale of Royal Mail follows the flotation of its Belgian peer bpost in June and comes as strong equity markets have helped to revive new listings in Europe this year. European flotations raised $15.9 billion in the first nine months - three times the year-ago level, according to Thomson Reuters data.
On Tuesday, vodka maker Stock Spirits began taking orders for its London share sale, while the debt collection firm Arrow Global saw its shares open higher on their London debut.
Cantor Fitzgerald analyst Robin Byde has estimated Royal Mail is valued at around 8 times earnings, below an average of about 10 for the European sector, including peers such as bpost and Austrian Post.
On Monday, British Business Secretary Vince Cable accused the opposition Labour party, which has said taxpayers could be short-changed by the sale, of irresponsibly talking up the value of Royal Mail.
Labour is opposed to the timing of the sale, which it says is designed to bolster Britain's public finances, but has resisted calls from party activists and trade unions to pledge to renationalize the firm if it wins power in a 2015 election.
Three sell-off attempts in the last 19 years have failed due to opposition from within the governing majority, which feared an electoral backlash from tampering with a revered institution.
Unions are currently balloting for strike action, although the ballot will close after Royal Mail makes its market debut.