By Nate Raymond NEW YORK (Reuters) – Facebook Inc may pursue a lawsuit against law firms that represented a New York man who recently turned fugitive rather than face federal charges that he tried to defraud founder Mark Zuckerberg out of half of the company, a judge ruled on Monday. New York Supreme Court Justice Eileen Rakower said Facebook and Zuckerberg could move forward with a lawsuit alleging law firms,
By Sarah McBride SAN FRANCISCO (Reuters) – NerdWallet said it had raised $64 million in its first round of funding, far more cash than it needs to run the personal finance startup, in part to underscore its growth and show it has the potential to one day be valued at over $1 billion. The cash, an outsized sum for initial funding, will serve as a signaling device as much as
(Reuters) – Mindbody Inc, a maker of software to help run fitness and yoga studios, filed with U.S. regulators on Monday for an initial public offering of common stock. Morgan Stanley, Credit Suisse and UBS Investment Bank are among the underwriters to IPO, Mindbody said.
Rackspace Hosting Inc , a web hosting company, forecast revenue for the current quarter below market estimates and said a strong dollar hurt its revenue growth in the first quarter. Shares of the company, which faces tough competition from Amazon.com Inc , Google Inc and Microsoft Corp were down 13 percent in extended trading on Monday. Revenue from a contract with a “large” financial services company will be realized only
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Perhaps it was inevitable that Verizon would buy AOL, and not just because the telco company is looking to push into content, mobile and video, and AOL—a frequently mentioned takeover target—offers just that.
Americans are becoming more apt to quit their jobs, a government report showed on Tuesday, a sign that a stronger labor market and falling unemployment rate could result in healthier wage growth and inflation. Both wages and inflation tend to follow a rise in the quit rate by a couple of quarters, research from the Chicago Federal Reserve Bank shows. “Once the quit rate gets back to its pre-recession level,
Royal Ahold NV and Delhaize Group said they’re in merger talks to potentially create the fifth-biggest U.S. supermarket retailer amid increased competition from Wal-Mart Stores Inc. The discussions are “preliminary” and may not result in a transaction, the European owners of the Stop & Shop and Food Lion chains said in separate statements Tuesday. Combining Zaandam, Netherlands-based Ahold and Brussels-based Delhaize would create a business with sales exceeding 54 billion
Young people aspiring to buy their first home are already facing disappointment this year. Rising prices are putting more homes out of reach, and pickings are slim because few properties have come onto …
A sharp selloff in euro zone sovereign bonds over the past two weeks is proving a shot in the arm for the European Central Bank’s asset purchase plan, allaying concerns the bank may struggle to find enough bonds to buy. As bond prices fall, yields rise, and the proportion of all euro-denominated government bonds with bid yields below zero dropped to 25.2 percent on May 8 from 35.9 percent on