Business News Archives: Page 3

Apple Shares Hit 11-Month Low Following Report Linking Cut in Production to Weaker iPhone 5 Demand (January 14, 2013): Apple shares hit an 11 month low today.

NYSE to Remain Open for Trading Electronically During Hurricane Sandy (October 28, 2012): NYSE Euronext has announced that it will suspend physical trading floor operations and close its building due to Hurricane Sandy.

Psy's Gangnam Style Video Makes $15 Million in Three Months (October 12, 2012): Rocketboom reports that Psy has made $15 million from its "Gangnam Style" music video in the last three months.

Carlyle Group to Buy DuPont Auto Paint Business for $4.9 Billion (August 30, 2012): The Carlyle Group and DuPont have announced a definitive agreement whereby Carlyle will purchase DuPont Performance Coatings (DPC) for $4.

Plunge Continues for Groupon as Growth Decelerates (August 14, 2012): The plunge continues for Groupon.

Darden Restaurants to Acquire Yard House (July 13, 2012): Darden has agreed to acquire Yard House USA, Inc.

Kraft Foods Moving to Nasdaq (June 8, 2012): Kraft Foods Inc.

Facebook Headed for Lower Opening (May 22, 2012): Facebook [FB] is headed in the wrong direction again today.

Blueseed to Launch Floating Venture Capital Ship 12 Miles Off California Coast (May 12, 2012): Blueseed is billed as a "visa-free technology incubator for startups.

Facebook Seeks $75 Billion to $95 Billion Valuation for IPO (May 3, 2012): The Wall Street Journal reports that Facebook is seeking an IPO price range for $25 to $35 a share.

Apple Falls Over 10% in Ten Days (April 20, 2012): Shares of Apple [AAPL] have fallen over 10% in the past ten days.

AOL to Sell 800 Patents to Microsoft for Over $1 Billion (April 9, 2012): AOL has found a way to raise lots of money.

Apple Announces Dividend and Share Repurchase Program (March 19, 2012): Apple announced plans to initiate a dividend today.

Instagram Expected to Get $500 Million Valuation After New Funding Round (March 16, 2012): Instagram, a popular free iPhone photo sharing app, is expected to be valued at $500 million after a new round of funding.

Yelp Regains Its Original IPO Price (March 13, 2012): Yelp [NYSE: YELP] jumped 60% from the opening price on its first day of trading on the New York Stock Exchange on March 2.

Dow Finally Closes Above 13,000 (February 28, 2012): The Dow Jones industrial average finally edged over the 13,000 mark today.

Berkshire Hathaway Selects Successor for Warren Buffett But Won't Say Who It Is (February 27, 2012): Berkshire Hathaway has selected a successor to CEO Warren Buffett, 81, but they won't say who it is.

Yelp Plans to Raise $100 Million from IPO (February 18, 2012): Bloomberg reports that Yelp plans to raise up to $100 million from its IPO offering.

Zynga Posts Loss in First Earnings Report as Public Company (February 15, 2012): Zynga - the company behind FarmVille and other social games - posted a lost of $435 million during its first earnings report as a public company.

RadioShack Shares Tumble Following Profit Warning (January 30, 2012): RadioShack warned that it expects its fourth quarter earnings to come in well below analysts expectations.