Analysis: Facebook can’t take Asian growth for granted
SINGAPORE - Even as Facebook fever grips investors ahead of the social networking giant's potential $100 billion-plus initial public offering, its breakneck growth in Asia may be slowing as it moves beyond desktop users to those who access the Internet largely or solely from a mobile phone.
Enbridge plans huge Canada, US pipeline expansion
CALGARY, Alberta - Enbridge Inc kicked off one of the most sweeping expansions in its history on Wednesday, a C$3.2 billion ($3.2 billion)series of projects across its pipeline system aimed at moving western Canadian crude to Eastern refineries and preventing bottlenecks in the U.S. Midwest.
GE Capital gets OK to resume dividend to parent
- General Electric Co's finance arm won regulatory approval on Wednesday to resume returning some of its profit to the parent company, a move that came earlier than some analysts had expected and could clear the way for GE to speed up stock buybacks and raise its shareholder dividend.
Facebook boosts IPO size by 25 percent, could top $16 billion
NEW YORK/SAN FRANCISCO - Facebook Inc will increase the size of its initial public offering by 25 percent, a source familiar with the matter said, and could raise as much as $16 billion as strong investor demand for a share of the No.1 social network trumps debate about the company's long-term potential to make money.
Global shares sag as Greek turmoil saps risk appetite
TOKYO - Asian shares fell more than 3 percent, the biggest one-day drop in six months, and the dollar rose broadly on Wednesday after efforts to form a new government in Greece collapsed, fuelling fears that a second election in June could precipitate Athens' exit from the euro zone and deepen the bloc's debt crisis.
Key to Universal-EMI decision: Has music business lost control?
WASHINGTON - On the face of it, Universal Music Group's bid to buy a big chunk of EMI stands to make the world's leading music company an even more formidable force, combining Universal's star lineup of Lady Gaga and Rihanna with the British company's deep library of The Beatles, Pink Floyd and Katy Perry.
Facebook boosts IPO size by 25 percent, aims for $15 billion
NEW YORK/SAN FRANCISCO - Facebook Inc will increase the size of its initial public offering by 25 percent to raise about $15 billion, a source familiar with the matter said, as strong investor demand for a share of the No.1 social network trumped ongoing debate about the company's long-term potential to make money.
Sony, Panasonic in talks to make OLED TVs: sources
TOKYO - Sony Corp and Panasonic Corp are in talks to develop the technology to mass produce next-generation OLED televisions, sources close to the matter said on Tuesday, but may already be running to catch up with South Korean rivals in a technology widely seen replacing current LCD TVs.
Macquarie, UOB place bids for ING Asia arm: sources
HONG KONG - Macquarie Group , U.S.-based Principal Financial Group and Singapore's United Overseas Bank are among suitors that have submitted bids for ING's Asian asset management business in a deal that may be worth around $500 million to $600 million, said sources familiar with the matter.
Exclusive: Brazil targets Argentina with new import license
BRASILIA - Brazil plans to end automatic import licensing for about 10 perishable products including apples, raisins, wheat flour, potatoes and some cheeses and wines in retaliation against rising trade barriers in Argentina, a senior Brazilian government official told Reuters on Monday.
