Business Tech

Twitter Offering Leads IPO Fever on Wall Street

Investors are eager again to buy into initial public offerings. Twitter is this week's star, but the number of IPOs indicates that it isn't just social media companies that are seeking and attracting investors.


Twitter Raises IPO Share Price

Twitter raised its IPO range to $23-25 per share in a filing with the U.S. Securities and Exchange Commission.


BlackBerry Abandons Sale Process, CEO Out

BlackBerry's CEO Thorsten Heins is stepping down after Fairfax announced it won't buy the struggling company.


Digital Marketing Startup Gets $5 Million in Backing

Revenew, a Palatine-based digital marketing startup founded by a former Motorola executive, said Wednesday it has raised $5 million in venture capital from a group of Midwestern investors.


Samsung Fined for Fake Online Reviews

Taiwan has levied fines against South Korean smartphone maker Samsung for slamming the products of rival HTC in fake online reviews.


Twitter IPO Pegged at Modest $11 Billion

Seeking to avoid a repeat of Facebook's public debut debacle, Twitter revealed more modest ambitions, saying its initial offering would raise up to $1.6 billion and value the company at up to about $11 billion.


Microsoft, Tech Earnings Push Stocks Up

Earnings gains from big U.S. companies are pushing the stock market higher in Friday trading, with Microsoft leading the Dow after reporting rising sales of tablet computers.


Twitter Set at $17-$20 a Share for IPO

Twitter has set a price range of $17 to $20 per share for its initial public offering, a conservative price considering that Twitter is poised to pull off the year's hottest IPO.


Microsoft Profit, Sales, Shares All Jump

Microsoft posted quarterly revenue and earnings Thursday that easily topped Wall Street forecasts, marking a healthy start to a companywide overhaul that should help the software giant transform into a devices and services company.


Bill Gates Won't Be Back as Microsoft CEO: Buffett

Warren Buffett says there's no chance his friend Bill Gates will return to lead Microsoft as CEO.


Netflix Earnings Soar on Big Q3

Netflix's earnings quadrupled as the Internet video service's lineup of original programming helped attract 1.3 million more U.S. subscribers during its latest quarter.


David Pogue to Lead Yahoo's Consumer Tech Coverage

Technology columnist, author and TV host David Pogue will spearhead Yahoo's consumer technology content, the company announced.


NYSE to Give TWTR IPO a Dry Run

The New York Stock Exchange is letting trading firms conduct a dry run of their systems to prepare for Twitter's initial public offering.


BlackBerry Says Never Mind the App Gap

When BlackBerry provided a dire update on its business last month, the floundering company signaled it was turning away from mainstream consumers to refocus its efforts on two markets: enterprise customers and so-called "prosumers."


Amazon Hits All-time High

Shares of Amazon reached a new all-time high Friday as a UBS analyst raised the online retailer's rating and price target, saying it has a chance to speed up revenue growth heading into the holiday season.


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