ING U.S. IPO could value company at about $6 billion
Dutch financial services group ING Groep NV's unit ING U.S. plans to price shares in its IPO at between $21 and $24 each, valuing the company at up to $6.16 billion in what could be one of the biggest offerings this year.
Found more than 1 month ago on channel Reuters
Apple loses battle against “iFone” in Mexico — yes, really
Apple’s Goliath took on David — and David won. Ifone, a small Mexican communications systems and services company beat Apple in court, after the tech giant tried to register the iPhone name in Mexico, only to be told by the Mexican Industrial Property Institute that the name was already taken. Apple appealed but Mexico’s supreme court denied the appeal.
Found more than 1 month ago on channel MSNBC
Is the Daily Deal Model Dying a Slow Death?
As we enter the most deal-crazed time of year, daily deals sites such as Groupon and LivingSocial try to adapt to the changing marketplace — while facing the possibility that the original coupon model may one day soon be viewed as an odd, short-lived fad. The backlash against the once ultra-hot daily deal market began in force last year, with consumers and businesses both citing “Groupon remorse”—the catchphrase for the feeling that, in retrospect, the decision to purchase (or run) a daily deal was unwise. One year after Groupon’s IPO, its stock price is down more than 80%. Groupon’s main competitor, LivingSocial, has also been recording substantial losses. More and more, it seems, the selling of $10-off coupons for restaurant meals, manicures, and maid service hardly comes across as a feasible business model. The holiday period, when shoppers are primed to bite on bargains, should be a heyday for daily deal sites. What role, then, might daily deals play during the frenzied holiday ...
Movers & Shakers: Tuesday’s biggest movers; AOL rallying like 1999
Fidelity National Information Services, Phillips 66, and NYSE Euronext are making big moves in Tuesday’s U.S. trading, while AOL and Chipotle Mexican Grill are among top tickers trending.
Astro Malaysia IPO Attracts Strong Demand
Astro Malaysia's up to $1.5 billion IPO has attracted strong demand from institutional investors, with shares more than 20 times subscribed as investors scramble to get a piece of Malaysia's biggest pay-TV services operator.