May 22, 2012
- The decision by Facebook CFO David Ebersman to boost the number of shares offered may have doomed any real chance the social-networking company had that its shares would jump when trading began.
- Google begins a delicate balancing act in the world of mobile devices after finally closing its $12.5 billion acquisition of Motorola Mobility Holdings.
- A senior Nasdaq executive told customers that it would have put the brakes on Facebook's initial public offering had the exchange known the extent of the technical problems that would plague its systems and disrupt the most-anticipated listing this year.
- While Wall Street moved into crisis mode over Facebook's fumbled initial public offering, employees at the company's Silicon Valley headquarters had an entirely different response: a shrug.
- Dell posted lackluster quarterly results and signaled more stormy times ahead as big businesses and public-sector organizations pull back on spending.
- Venture-capital firm Kleiner Perkins is facing a lawsuit from a female investment partner for gender discrimination and retaliation.
- SAP struck a $4.3 billion deal to acquire Ariba in a bid to expand its cloud computing offerings and challenge rival Oracle.
- It will take more than cutting costs or beating earnings guidance to energize Hewlett-Packard's shares. But Wall Street may find reason to like it yet.
- Vodafone of the U.K. said it is unlikely to launch an initial public offering of stock at its Indian operations this year amid New Delhi's decision to auction a number of telecommunications licenses.
- Vodafone reported a decline in net profit, hurt by impairment charges related to its businesses in recession-hit southern Europe and warned the economic environment in Europe will remain difficult.