Mon 21 May, 2012, 11:28 AM IST - India Markets close in 4 hrs 32 mins

Financial News from Forbes

  • Google's long pending $12.5 billion acquisition of Motorola Mobility is finally nearing completion. According to the Wall Street Journal, China's antitrust regulators have approved the deal, with the proviso that Google keep Android broadly available to handset manufacturers. The Journal notes that the requirement appears …

  • Putting the 'Insurance' Back in Health Insurance @ Forbes - 1 hour 3 minutes ago

    We understand that it would make no sense to buy auto insurance after we’ve already crashed our car. We appreciate that it would be strange to buy homeowner’s insurance after our house has already burned down. And yet, when it comes to health coverage, many of us think that it makes perfect sense to wait until we’re sick …

  • Apple iPhone 3GS Don't write off the Apple iPhone 3GS just yet. With the iPhone 4S jumping off the shelves, and buzz about the iPhone 5 continuing to mount, no one spends much time talking or thinking about the lowly 3GS, which you can get for free with a two-year service contract. But [...]

  • The Gluttons of Natural Gas @ Forbes - 1 hour 6 minutes ago

    In 2010, a small number of very large electric power generators accounted for roughly one third of all natural gas delivered to consumers. Who are these gas gluttons? Oddly enough, Walt Disney World Resort is probably the most widely recognized name on the list. The Reedy Creek Improvement District (RCID), which spans  …

  • The wealth of Jack Ma, the billionaire chairman and CEO of China e-commerce giant Alibaba Group, wouldn’t change appreciably in connection with its plan to buy a 20% stake in the company from Yahoo announced today. Ma holds more than 7% of Alibaba Group, and the valuation of the company under [...]

  • In the shadow of a week (and weekend) filled with Facebook-related news, Microsoft has quietly launched its own social network that has been in development for almost a year. This social network, called So.cl, is said to help students connect with one another - a concept that early adopters of [...]

  • Yahoo, AMC Ride Chinese Corporate Investment Wave @ Forbes - 2 hours 30 minutes ago

    It's a busy morning in Beijing for blockbuster Sino-American M&A. And self-made Chinese billionaires are in the thick of the action. Alibaba screenshot (Photo credit: Wikipedia) First up, Yahoo has finally sealed a deal to sell back its stake in Alibaba Group, with a floor price of $7.1 billion for 20% of [...]

  • Yahoo late Sunday announced that it has - finally! - reached a deal to unwind its roughly 40% stake in Alibaba Group. There's nothing simple about this deal; the company will sell between a quarter and a half of its shares now, with the rest down the road once Alibaba [...]

  • For Jack Ma and Yahoo!, the end of their strained relationship is finally in sight. On Sunday night, Ma's Alibaba Group and Yahoo! announced a deal under which the Chinese e-commerce company would buy back a roughly 20% stake in itself from the struggling U.S. web portal for about $7.1 [...]

  • China ready to unleash more fiscal and monetary stimulus, but wall of money strategy over for now.

  • When will China solar stocks stop collapsing?

  • Restore Our Future, the pro-Mitt Romney super PAC, picked up a few more deep-pocketed supporters last month. A Federal Election Commission filing Sunday showed that new donors in April included billionaires Harold Hamm, chairman and CEO of Continental Resources and an energy adviser to the Romney campaign; investor Wilbur …

  • 1.  JP Morgan Chase's chief investment office accumulated a huge bet-- maybe $100 billion-- in a so-called "weapon of mass destruction"  (as in self-destruct) in a very risky credit default swap contract that was a bet on corporate credits improving despite a soft economy-- a kissing cousin to the credit [...]

  • Where Karma Could Take Facebook @ Forbes - 12 hours ago

    Facebook could also be moving to position itself as an alternative to the mobile wallet in a round about, long-term-vision fashion.

  • PALO ALTO, CA - AUGUST 18: Facebook founder and CEO Mark Zuckerberg pauses as he speaks during a news conference at Facebook headquarters August 18, 2010 in Palo Alto, California. Zuckerberg announced the launch of Facebook Places, a new application that allows Facebook users to document places they have visited. [...]

  • Activision has drastically reduced the number of games it releases these days. The company remains focused on core franchises like its two Call of Duty games, including Treyarch’s Call of Duty: Black Ops 2, and popular Skylanders toys and games. But while many publishers have moved away from Hollywood licensed [...]

  • Who'd a thunk it? The old rock band Who had it right? Who had it right? Yeah. What? No, Who.

  • Investors assuming the eurozone crisis will escalate.

  • With big tech shares again cheap and dividend payouts growing, tech is the new value.

  • Facebook founder Mark Zuckerberg (Image credit: AFP/Getty Images via @daylife) Pity the poor person who decided to skip Priscilla Chan's med school graduation party. They missed out on the social media world's wedding of the year. But was it fair for Mark Zuckerberg to mislead his friends? Although the couple was a [.. …

  • What a week! First an unprecedented IPO, then marriage. Yes, Facebook's Zuckerberg Marries His Longtime Girlfriend Priscilla Chan. And California marriages are, well different, as California divorce lawyers--aka “family lawyers”--will tell you. The water cooler debates about taxing Mark Zuckerberg have been vitriolic for …

  • The Failure of Facebook's IPO @ Forbes - 18 hours ago

    It might sound a little strange claiming that a company which has just launched a huge IPO has in some way failed. Yet looking around at the the weekend's details of Facebook's float on Friday it's difficult not to come away with the feeling that something has gone wrong. From the [...]

  • Will Algae Biofuels Hit the Highway? @ Forbes - 18 hours ago

    Algae in the Matrix (Photo credit: jurvetson) An Arizona-based algae technology company says it’s on to something big: harnessing the growth of algae at a commercial scale so that it can ultimately be used as a transportation fuel. “Heliae” broke ground Friday on its new plant. Now, all it needs is [...]

  •   In a quiet backyard celebration Mark Zuckerberg, CEO of Facebook married his long-time girlfriend, Priscilla Chan at his home in Palo Alto, CA today.  Guests were told they were celebrating Chan’s graduation from medical school and were shocked to learn that the event was actually a wedding. The bride graduated [...]

  • (Image credit: via @daylife) Facebook co-founder Eduardo Saverin's wealth and expatriation make him an ideal candidate to host a new reality show: America’s Next Top Tax Lawyer. Sure, there are lawyer shows, but not about tax lawyers. They tried a show about Mitch McDeere of John Grisham's The Firm--remember Tom Cruise in …

  • Mark Zuckerberg and Priscilla Chan were married on Saturday according to the groom's Facebook page. (Photo via Facebook) Mark Zuckerberg's good week just got better. On Saturday, he married longtime girlfriend Priscilla Chan. After watching the company he cofounded go public on Friday, the Facebook CEO changed his status …

  • Facebook's Flawed IPO Strategy @ Forbes - Sun 20 May, 2012 5:06 AM IST

    Last Thursday, Facebook executed the world largest IPO in history based on value. Valued at over $100B, the investment bankers like Morgan Stanley and Facebook should be congratulated and giving each other high-fives, right? It really depends on how you look at it. Many people are getting rich, but given most of the people …

  • Will 'Halo 4' Be An Xbox 720 Launch Title? @ Forbes - Sun 20 May, 2012 3:58 AM IST

    Rumors that Microsoft will launch its next-generation Xbox console alongside the release of 'Halo 4' are almost certainly just rumors.

  • Barclays Reiterates 'No Hard Landing' Call For China @ Forbes - Sun 20 May, 2012 1:02 AM IST

    This is what a Chinese soft landing looks like. The view from Barclays office in Hong Kong.

  • Telecom Weekly News Wrap May 19, 2012 @ Forbes - Sat 19 May, 2012 11:14 PM IST

    Healthier carrier balance sheets = slimmer consumer wallets? The three giants of connectivity: AT&T, Verizon and Comcast are all taking steps to change the way they charge customers for data plans, a move that's helped AT&T and Verizon defy the stock market's recent decline. Both AT&T and Verizon are focused on [...]

  • It's only a month back that Greenpeace slammed Apple for using "dirty" coal fired electricity to power the iCloud data centre in Maiden, North Carolina. Apple has now come back with plans to power the entire site with renewables. One could say that they've done this because Greenpeace agitated for [...]

  • One stock yesterday refused to be trodden down by investors running pell-mell from Wall Street. While most of the market slumped, the Brown Shoe Co. (BWS, $10.99) soared. It climbed 25% on surprising quarterly sales and upbeat guidance. The St. Louis company is best known for selling moderately priced women's shoes, [. …

  • There’s been a bit of a flap in the media this week about what House Republicans are planning to do regarding health care reform once the Supreme Court rules on Obamacare. But the back-and-forth leaves unanswered an important question: given all of the possible SCOTUS scenarios, what should Congress do to optimize the outcome …

  • Trading Platform Fraud Left the Station For Federal Prison @ Forbes - Sat 19 May, 2012 7:30 PM IST

    Yet another trading platform scam. When will they learn?

  • Uh oh -- something really serious is going on at the SEC and they won't tell us, but Chair Schapiro did cancel her trip to Beijing!

  • Microsoft To Drop Aero From Windows 8 User Interface @ Forbes - Sat 19 May, 2012 6:45 PM IST

    Microsoft has announced that it is to make some significant changes to the Windows 8 user interface, including dropping the Aero Glass effect that was first introduced in Windows Vista. This announcement was made by Jensen Harris, Director of Program Management for Microsoft's User Experience team, over on the Building …

  • Welcome to New York City's largest and loudest fishing tournament.

  • How we covered the week on Wall Street.

  • 4 Industry Groups Beating the S&P 500 @ Forbes - Sat 19 May, 2012 5:36 PM IST

    Relative performance and volume analysis confirms these four industry groups are outperforming the market, writes Tom Aspray, identifying stocks from each that may soon set up as good buys.The importance of watching for sector rotation was reinforced in 2011 when many of the key sectors saw double-digit gains and losses …

  • Image via tibetanaltar.com With the IRS success with UBS and breaking the back of foreign bank secrecy, it’s no wonder many Americans have come forward to disclose foreign accounts and assets. See Is Closing Foreign Bank Accounts An Alternative To Disclosure? After historic 2009 and 2011 voluntary disclosure programs, the …

  • The Week Ahead: When Will the Selling End? @ Forbes - Sat 19 May, 2012 5:41 AM IST

    After several weeks of declining stock prices, major averages are now close to major support. This relentless selling should be followed by some significant buying, but MoneyShow's Tom Aspray recommends that you stick with high-quality stocks that are performing better than the overall market.It has been a punishing last …

  • Apple Loop: The Week In Review @ Forbes - Sat 19 May, 2012 4:54 AM IST

    Bringing you a quick look at some of the news related to Apple this week. Still chasing $1,000? Yes. China Mobile, the country's largest mobile phone operator, said it's talking with Apple to bring the iPhone to its subscribers — though no word on when. "We've been actively talking to Apple [...]

  • Jeff Rothschild landed at Facebook via venture capital firm Accel Partners.Each week at Forbes we scan our database of corporate insiders to see who got richer from the action in the stock market. With the S&P 500 down more than 4% week over week and U.S. equities poised for their worst five [...]

  • A Travelers' Tale of Two Airlines (@united vs @southwestair) A hurried shower, followed by a hastily packed bag.  Then, the race to the taxi stand (Figure 1).  Should be easy to get a cab at 5:45 am in Las Vegas, right? Only the late night crew roll into a casino this [...]

  • Sprint, the distant third carrier behind Verizon and AT&T is trying to capitalize on disgruntled Verizon iPhone users who are unhappy that AT&T will soon eliminate unlimited data plans.  Both Verizon and AT&T have long stopped offering unlimited data but the companies have "grandfathered" in customers who had such plans. …

  • Forbes Games: Angry Birds And Holy Grails @ Forbes - Sat 19 May, 2012 3:23 AM IST

    A selection of today's game news and analysis from Forbes.com.

  • Facebook's Busted IPO Sends a Message to Wall Street @ Forbes - Sat 19 May, 2012 3:06 AM IST

    Facebeook (FB) went public today and despite the most torrid hype in IPO history failed to rise above its offering price. Is that a sign that the IPO was priced just right or that without panic buying from its underwriters, it would have ended the day below its offering price? Based [...]

  • [video] Weekly Market Wrap: May 18, 2012 @ Forbes - Sat 19 May, 2012 3:00 AM IST

    This twentieth trading week of 2012 comes to a close with investors assessing the deteriorating [...]

  • Facebook's lukewarm IPO may have created fewer millionaires than some hoped. But it's cemented Mark Zuckerberg's position as the richest man in America in the business of herding attention spans and siphoning personal details from human brains into corporate servers. Now that the dust has settled and Facebook has traded …

  • Inside LVMH's Byzantine Ownership Structure @ Forbes - Sat 19 May, 2012 2:54 AM IST

    Forbes takes a fresh look at the layered share structure through which Bernard Arnault holds his fortune and lowers our estimates.

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