Facebook said to stick with Nasdaq listing July 2, 2012 FACEBOOK executives have reportedly binned any ideas of switching the stock’s listing to the NYSE after Nasdaq glitches botched the social networking giant’s IPO. Facebook, which was hit by a flurry of lawsuits and complaints from investors claiming they lost millions of dollars when the long-awaited shares hit the market on 18 May, is understood [...]
Facebook escapes blame over botched listing but banks disliked May 29, 2012 FACEBOOK’S recent IPO debacle has had a mixed impact on the perception of the US brands involved. YouGov’s BrandIndex clearly registers the negative buzz surrounding alleged mismanagement of the Facebook IPO. Our Buzz score is driven from the net of those that say they have heard negative buzz about a brand compared with those who [...]
HGS investor tries to block poison pill May 29, 2012 A HUMAN Genome Sciences shareholder has filed a lawsuit against the board and requested a Maryland court to temporarily restrain the company from using a “poison pill” in response to GlaxoSmithKline’s hostile $2.6bn (£1.66bn) takeover offer. Human Genome adopted the stockholder rights plan earlier this month in an attempt to ward off GlaxoSmithKline in what [...]
After years of setbacks it is time for YouView to face up to its rivals November 18, 2012 RICHARD Halton has not had an easy couple of years. Having taken the reins at YouView in September 2010 – the same year the internet-connected TV box was originally pencilled in to go on sale – he has had to deal with questions about project delays, criticism over the price of the hardware, and, last [...]
Dutch MP tries to halt bailout fund May 22, 2012 Dutch politician Geert Wilders, who aims to turn a September election into a referendum on the euro and EU membership, filed a lawsuit yesterday aimed at postponing the Dutch parliament’s ratification of Europe’s permanent bailout fund until after the vote. Wilders’ move comes amid popular resentment at European Union bailouts for the bloc’s smaller debt-saddled [...]
Dutch MP tries to halt bailout fund May 22, 2012 Dutch politician Geert Wilders, who aims to turn a September election into a referendum on the euro and EU membership, filed a lawsuit yesterday aimed at postponing the Dutch parliament’s ratification of Europe’s permanent bailout fund until after the vote. Wilders’ move comes amid popular resentment at European Union bailouts for the bloc’s smaller debt-saddled [...]
BP hit by fresh court fight over TNK-BP stake June 5, 2012 OIL major BP is facing renewed investor pressure in Russia after a court reopened a $13bn (£8.5bn) lawsuit linked to its TNK-BP venture. The Russian court said minority shareholders in TNK-BP can restart their fight over last year’s failed tie-in with oil explorer Rosneft. The shareholders complained that BP’s £10bn plan to join forces with [...]
Shares in HTC plummet to a two-year low June 7, 2012 SHARES of HTC fell to their lowest intraday level in more than two years yesterday after the smartphone maker warned of lower revenues and was named in a patent lawsuit by rival Apple. The world’s fifth largest smartphone vendor, battling to regain market share from Apple and Samsung, suffered a rapid fall from grace in [...]
DEUTSCHE BANK PLOTS TO CUT LONDON STAFF July 31, 2012 DEUTSCHE Bank is slashing jobs and pay in an effort to control costs, the bank said yesterday as it revealed profits slumped by 50 per cent in the second quarter. Around 1,900 jobs are to go in the very near future, including 1,500 in its investment banking arm – much of which is based in [...]
Legal cost over Libor could run into the billions June 28, 2012 BARCLAYS could face legal claims running into billions of pounds after it admitted trying to rig the Libor rate, analysts have warned. The bank, which will pay £290m in fines to regulators in Britain and the US, is expected to face legal action around the world and still faces punishments from authorities in other jurisdictions, [...]