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Facebook underwriters to get 1.1 percent fee: source
Mar 20th, 2012
SAN FRANCISCO (Reuters) - Facebook will pay a fee of just 1.1 percent to underwriters of its initial public offering, a source with knowledge of the company's plans said on Monday. News that the payout would be much slimmer than the typical underwriting fee came as Facebook executives highlighted the engagement of its massive user base during a meeting on Monday with about 100 analysts, investment bankers and others involved in the IPO. ... (Source: Reuters) -
Teenagers really are over Facebook. In February the social network warned investors that "our younger users ... are aware of and actively engaging with other products and services similar to, or as a substitute for, Facebook." And in April the investment bank Piper Jaffray reported that products and services like Tumblr and Twitter were f... [Full Article]
MUMBAI (Reuters) - Standard & Poor's expects India to grow around 6 percent in the current fiscal year ending March 2014, said credit analyst Takahira Ogawa. The rating agency also does not expects any significant improvement in structural reforms in India, Ogawa said in a teleconference, after reiterating in a release the negative outlook... [Full Article]
By Foo Yun Chee BRUSSELS (Reuters) - EU antitrust regulators have given some of Google's rivals more time to study its proposals to settle anti-competitive complaints, which could provide more leverage to pry further concessions from the Internet search giant. The European Commission last month told interested parties they had until May 26 to ... [Full Article]
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