http://thedailyrecord.com Maryland's trusted source for business and legal news Tue, 21 May 2013 01:31:43 +0000 en hourly 1 http://wordpress.org/?v=3.3.1 http://thedailyrecord.com/2013/03/04/slim-worlds-richest-for-4th-year-in-a-row/ http://thedailyrecord.com/2013/03/04/slim-worlds-richest-for-4th-year-in-a-row/#comments Mon, 04 Mar 2013 14:39:49 +0000 Associated Press http://thedailyrecord.com/?p=234758 NEW YORK — Mexico’s Carlos Slim remains the world’s richest man for the fourth year in a row, according to Forbes, while Warren Buffett dropped out of the top three for the first time since 2000. And Facebook’s Mark Zuckerberg saw his ranking drop 31 spots as his net worth declined by $4.2 billion. A [...]

]]> http://thedailyrecord.com/2013/03/04/slim-worlds-richest-for-4th-year-in-a-row/feed/ 0 http://thedailyrecord.com/2012/10/05/zynga-stock-sinks-after-lowered-2012-outlook/ http://thedailyrecord.com/2012/10/05/zynga-stock-sinks-after-lowered-2012-outlook/#comments Fri, 05 Oct 2012 17:17:00 +0000 Associated Press http://thedailyrecord.com/?p=224996 NEW YORK — Troubled Zynga’s stock is trading near its lowest level ever Friday after the online game maker behind “FarmVille” forecast a third quarter loss amid weak demand. It’s also taking a hefty charge related to its March acquisition of mobile game company OMGPop. Zynga Inc. said late Thursday that it expects to post [...]

]]> http://thedailyrecord.com/2012/10/05/zynga-stock-sinks-after-lowered-2012-outlook/feed/ 0 http://thedailyrecord.com/2012/08/17/facebook-hits-new-low-as-ipo-lock-up-ends/ http://thedailyrecord.com/2012/08/17/facebook-hits-new-low-as-ipo-lock-up-ends/#comments Fri, 17 Aug 2012 11:53:54 +0000 Associated Press http://thedailyrecord.com/?p=221752 SAN FRANCISCO — Facebook’s stock plunged to a new low Thursday as some of the social networking leader’s early backers got their first chance to sell their shares since the company’s initial public offering went awry. Analysts interpreted the unusually high trading volume as a clear sign that at least a few of the insiders [...]

]]> http://thedailyrecord.com/2012/08/17/facebook-hits-new-low-as-ipo-lock-up-ends/feed/ 0 http://thedailyrecord.com/2012/08/14/facebook-insiders-can-sell-stock-as-lock-up-ends/ http://thedailyrecord.com/2012/08/14/facebook-insiders-can-sell-stock-as-lock-up-ends/#comments Tue, 14 Aug 2012 20:55:26 +0000 Associated Press http://thedailyrecord.com/?p=221481 MENLO PARK, Calif. — Facebook’s early investors and a handful of top executives become eligible on Thursday to sell stock they own in the social networking company. It marks the beginning of a time-honored process for public companies, one that will give many Facebook employees the same right to sell their shares this fall. It’s [...]

]]> http://thedailyrecord.com/2012/08/14/facebook-insiders-can-sell-stock-as-lock-up-ends/feed/ 0 http://thedailyrecord.com/2012/03/29/millennial-media-shares-double-in-market-debut/ http://thedailyrecord.com/2012/03/29/millennial-media-shares-double-in-market-debut/#comments Thu, 29 Mar 2012 14:24:54 +0000 Associated Press http://thedailyrecord.com/2012/03/29/millennial-media-shares-double-in-market-debut/ NEW YORK— Shares of Millennial Media nearly doubled in the mobile advertising company’s market debut Thursday, as the IPO market heats up this spring. Millennial’s quick ascent follows pasta maker Annie Inc.’s splash Wednesday. Shares jumped 89 percent in Annie’s debut, which had been the biggest opening day since jobs networking site LinkedIn Corp. went [...]

]]> http://thedailyrecord.com/2012/03/29/millennial-media-shares-double-in-market-debut/feed/ 0 http://thedailyrecord.com/2012/02/01/status-update-facebook-to-go-public-raise-5b/ http://thedailyrecord.com/2012/02/01/status-update-facebook-to-go-public-raise-5b/#comments Wed, 01 Feb 2012 22:23:55 +0000 Associated Press http://thedailyrecord.com/2012/02/01/status-update-facebook-to-go-public-raise-5b/ NEW YORK — Facebook made a much-anticipated status update Wednesday: The Internet social network is going public eight years after its computer-hacking CEO Mark Zuckerberg started the service at Harvard University. That means anyone with the right amount of cash will be able to own part of a Silicon Valley icon that quickly transformed from [...]

]]> http://thedailyrecord.com/2012/02/01/status-update-facebook-to-go-public-raise-5b/feed/ 0 http://thedailyrecord.com/2011/12/02/zynga-plans-to-raise-up-to-1-15b-in-ipo/ http://thedailyrecord.com/2011/12/02/zynga-plans-to-raise-up-to-1-15b-in-ipo/#comments Fri, 02 Dec 2011 13:00:56 +0000 Associated Press http://thedailyrecord.com/2011/12/02/zynga-plans-to-raise-up-to-1-15b-in-ipo/ NEW YORK — Hoping to harvest some fresh cash, the online game company behind “FarmVille” said Friday that it plans to raise $1 billion in an initial public offering of up to 100 million shares. Zynga Inc. is the latest in a spate of IPOs by Internet companies this year, ranging from professional networking service [...]

]]> http://thedailyrecord.com/2011/12/02/zynga-plans-to-raise-up-to-1-15b-in-ipo/feed/ 0 http://thedailyrecord.com/2011/11/29/report-facebook-seeks-10-billion-in-ipo/ http://thedailyrecord.com/2011/11/29/report-facebook-seeks-10-billion-in-ipo/#comments Tue, 29 Nov 2011 15:26:15 +0000 Associated Press http://thedailyrecord.com/2011/11/29/report-facebook-seeks-10-billion-in-ipo/ NEW YORK — Facebook might finally be laying down the groundwork for a highly anticipated initial public offering, long expected to take place sometime after April 2012. The Wall Street Journal is reporting that the world’s largest online social network is looking into raising as much as $10 billion in its IPO. The Journal cited [...]

]]> http://thedailyrecord.com/2011/11/29/report-facebook-seeks-10-billion-in-ipo/feed/ 0 http://thedailyrecord.com/2011/11/15/caesars-entertainment-restarts-ipo-plans/ http://thedailyrecord.com/2011/11/15/caesars-entertainment-restarts-ipo-plans/#comments Tue, 15 Nov 2011 17:26:08 +0000 Associated Press http://thedailyrecord.com/2011/11/15/caesars-entertainment-restarts-ipo-plans/ NEW YORK — Caesars Entertainment Corp., one of the world’s biggest casino companies, is restarting its plans to go public a year after it canceled its initial public offering. The announcement comes as the IPO market is beginning to heat up again. While the stock market’s volatility in recent months dampened IPO buzz, the November [...]

]]> http://thedailyrecord.com/2011/11/15/caesars-entertainment-restarts-ipo-plans/feed/ 0 http://thedailyrecord.com/2011/07/01/farmville-creator-zynga-to-go-public/ http://thedailyrecord.com/2011/07/01/farmville-creator-zynga-to-go-public/#comments Fri, 01 Jul 2011 16:51:45 +0000 Associated Press http://thedailyrecord.com/2011/07/01/farmville-creator-zynga-to-go-public/ NEW YORK — Zynga, the online game maker behind “FarmVille” and other popular Facebook pastimes, is going public. Based on papers filed on Friday, Zynga Inc. hopes to raise up to $1 billion in an initial public offering. This amount will likely change. That’s because its bankers will now determine how many shares should be [...]

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