Facebook boosts number of shares on offer by 25%
Facebook says it will sell 25% more shares than first planned in its flotation in response to strong demand. The move comes one day after the social networking giant said it would raise the price of the shares by 21% to between $34-$38 a share. It also comes despite doubts about the profitability of the site, which is largely used for social updates. Car More...
JPMorgan reveals shocking $2bn loss
JPMorgan Chase, the biggest US bank, has revealed a surprise trading loss of $2bn on complex investments made by its traders. Overall, after accounting for other gains, losses at its chief investment office (CIO) More...
China buying Iran oil with yuan
China is buying crude oil from Iran using its currency the yuan, an Iranian diplomat has said. Oil transactions are usually settled in dollars but US sanctions make it difficult for Iran to accept payments in the More...
Air France-KLM reports loss as fuel costs rise
Airline group Air France-KLM has reported a loss for the first three months of the year, following higher fuel costs and a drop in cargo traffic. Its first-quarter net loss was 368m euros ($483m;£299m), almost More...
United puts final touches on major Boeing 737 order: sources
United Airlines is putting the finishing touches on an order for at least 100 Boeing Co 737 narrowbody jets potentially worth $10 billion at list prices, industry sources said on Thursday. The order could increase More...
California pension fund sues Wal-Mart, alleges bribery
The second largest U.S. public pension fund said on Thursday it had sued current and former executives and board members at Wal-Mart Stores Inc, alleging bribery and a cover-up in the company’s expansion in More...
Chesapeake Energy, McClendon under SEC probe
Chesapeake Energy Corp said on Thursday the company and Chief Executive Aubrey McClendon are under scrutiny by the Securities and Exchange Commission as part of an informal inquiry. Reuters first reported last week More...
Linkedin profits and shares jump
Business-focused social networking website LinkedIn said its quarterly profits more than doubled sending its shares up 10%. The figures showed first quarter revenue 101% higher than a year ago at $188.5m (£116.5m), More...