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Eric Schmidt to cash in half of his shares in Google for $2.51 billion
- Google executive chairman Eric Schmidt is planning to sell nearly half of his shares in the company he helped turn into a household name according to documents recently filed with the Securities and Exchange Commission.
Nasdaq planning to compensate brokers for Facebook IPO trading glitch
- Officials at Nasdaq are preparing to offer compensation to firms that lost money due to a computer glitch on the opening morning of Facebook’s IPO. It’s been estimated that traders lost a collective sum of over $100 million but the…
Facebook IPO affected by Nasdaq technical issues
- Nasdaq OMX Group Inc. faces scrutiny after shares of Facebook Inc. were plagued by delays and mishandled orders on its very first day of trading. Apparently computers used to drive the auctions were overwhelmed by order cancellations and updates in…
Yahoo to sell back half the shares it owns in Alibaba, netting $7.1bn
- After years of negotiations, US internet company Yahoo announced it has reached a deal to sell part of its stake in China's biggest internet company, Alibaba Group Holdings Ltd. The deal will see Alibaba buy back half of the 40%…
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