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NEW YORK: A federal appeals court on Friday said Facebook Inc officials including chief executive Mark Zuckerberg cannot be sued by shareholders who said the social media company concealed threats to its growth prospects before its May 2012 initial public offering.
PETALING JAYA: There may be support for gold prices at the US$1,000 to US$1,015 per ounce level although overall, sentiment remains down as investors speculate on when the much anticipated US rate hike will happen. “Technically, prices will pause for a while before going lower,” a technical analyst told StarBiz.
NEW YORK: Coty Inc, the U.S. maker of Calvin Klein and Chloe perfume, will buy Procter & Gamble's perfume, hair care and make-up businesses for US$12.5 billion in the biggest cosmetics merger in recent history
NEW YORK: Wall Street began the week in the red on Monday and fell sharply on concerns about China’s slowing growth in the wake of the biggest drop in Shanghai shares in eight years.
LONDON (Reuters) - A top euro zone share index was set for its biggest weekly fall this year on Friday, with many investors focussing on a crucial vote in Greece over its debt negotiations at the weekend.
NEW YORK: McGraw Hill Financial Inc, parent of Standard & Poor's ratings agency, said it would buy data company SNL Financial for about US$2.23 billion, and its shares fell nearly 6 percent.