Sina Weibo files for $500 million U.S. IPO
SAN FRANCISCO (Reuters) – Twitter-like messaging service Weibo Corp filed on Friday to raise $500 million via a U.S. initial public offering, as Chinese companies flock to the American market in record numbers to take advantage of soaring valuations.
Crimea vote to keep markets on edge
NEW YORK (Reuters) – Investors will start the week early as the Sunday referendum to decide if Crimea becomes part of Russia or remains Ukrainian will likely reverberate in markets worldwide.
Wall Street ends lower on jitters over upcoming Crimea vote
NEW YORK (Reuters) – Wall Street ended lower on Friday with all three major stock indexes down for the week, as concerns over tensions between Ukraine and Russia escalated ahead of a referendum in Crimea this weekend.
Sandwich chain Quiznos files for bankruptcy protection
(Reuters) – Sandwich chain Quiznos Corp filed for pre-packaged bankruptcy protection on Friday after struggling for years with high debt and rising competition.
Boeing CEO McNerney earns $23.3 million in 2013
(Reuters) – Boeing Co’s Chief Executive W. James McNerney earned $23.3 million in 2013 compared with $27.5 million in 2012, as the value of his pension was unchanged last year.
Tesla chief slams New Jersey for barring direct car sales
(Reuters) – Tesla Motors Inc escalated its war of words with New Jersey on Friday, lambasting a regulatory change approved by the state earlier this week that bars the “green car” company from selling vehicles directly to the public.
Lawsuit says GM hid ignition defect in recalled cars
NEW YORK (Reuters) – General Motors was hit with a lawsuit on Friday from customers who said their vehicles lost value because of ignition problems that prompted a recall of 1.6 million cars.
U.S. regulator sues 16 banks for rigging Libor rate
NEW YORK/WASHINGTON (Reuters) – The Federal Deposit Insurance Corp sued 16 of the world’s largest banks on Friday, accusing them of cheating dozens of other now defunct banks by manipulating the Libor interest rate.
GoDaddy eyes initial public offering: sources
(Reuters) – Web hosting company The GoDaddy Group Inc is preparing for a second run at an initial public offering, according to two people familiar with the matter, as the 2014 tech IPO pipeline continues to grow.
Canada investigating fatal crash for possible link to GM defect
OTTAWA (Reuters) – Canada’s transport ministry said on Friday it is investigating a fatal car crash that appears to be related to an ignition defect in cars recalled last month by General Motors Co <GM.N.
