Facebook users to 'spot' friends

Facebook users to 'spot' friends

AAP US Facebook users will soon be able to see which of their friends are in close proximity using a new feature the company is launching. Nearby Friends is an optional tool, and will only be available to people who choose to turn it on. The feature uses a smartphone's GPS system to tell a person's Facebook friends they are nearby - provided they have the feature turned on. Facebook said the Ne…

Australian Markets

  • Shares of Travelocity owner Sabre rise after IPO Associated Press - 7 hours ago

    Shares of Sabre Corp. ended higher Thursday, but the provider of technology services to the travel industry raised less money than it had projected in its initial public offering. The company had offered ...

  • Weibo shares jump in market debut Associated Press - 8 hours ago

    Chinese social media company Weibo Corp.'s shares soared in their U.S. market debut Thursday. Weibo was launched four years ago by Chinese online media company Sina Corp. Weibo provides a Twitter-like ...

  • Mid-cap stocks are getting some love, finally Associated Press - 11 hours ago

    Maybe the middle child really should be the favorite. Just like families sometimes overlook the middle kid, investors all too often pay attention to just the smallest and largest stocks. Managers of mid-cap ...

  • Sina Weibo shares jump more than 10% after IPO AFP - 23 hours ago
    Sina Weibo shares jump more than 10% after IPO

    Shares of Sina Weibo, China's answer to Twitter, jumped more than 10 percent in initial trade Thursday after an undersubscribed initial public offering. Weibo's parent, the Chinese Internet giant Sina Corp, sought to raise as much as $380 million listing the subsidiary on the Nasdaq exchange, but only pulled in $286 million as it ran into a market jittery over both tech and Chinese company shares.

  • Sina Weibo shares jump more than 6% after IPO AFP - 23 hours ago
    Sina Weibo shares jump more than 6% after IPO

    Shares of Sina Weibo, China's answer to Twitter, began trading sharply higher Thursday after an undersubscribed initial public offering. Minutes into trade the shares were over $18, compared with the $17 ...

  • Japara Healthcare Ltd gives IPO investors a 27.5% stag profit – what investors need to know The Motley Fool Australia - Thu, Apr 17, 2014 3:13 PM AEST

    Freshly floated aged care operator Japara Healthcare Ltd (ASX:JHC) has surged 27.5% to $2.55 by early afternoon on Thursday after debuting on the stock market this morning. It's an amazing immediate profit for IPO investors - otherwise known as a 'stag profit'. The initial public offering (IPO) was priced at $2.00 per share which equated to an expensive looking 22.6 times price-to-earnings (PE) ratio. The market however appears comfortable with ascribing a high value to Japara, with investors excited by the quality of the business and its growth potential.

  • 'Chinese Twitter' firm Weibo to go public in US AFP - Thu, Apr 17, 2014 1:23 PM AEST
    'Chinese Twitter' firm Weibo to go public in US

    Sina Weibo, widely known as China's version of Twitter, is to go public in the United States Thursday at a price below expectations after a recent sell-off in technology stocks. The microblogging subsidiary of Chinese Internet behemoth Sina was to make its debut on the Nasdaq exchange under the symbol "WB" in an initial public offering (IPO) expected to raise at least $340 million. Sina Weibo -- launched in August 2009 to provide services similar to Twitter, which is banned in China -- is a leading social media site in a country with 618 million Internet users -- the world's largest online community. But the estimated value of the IPO, filed by Weibo with the US Securities and Exchange Commission this month, was down on the sum of up to $500 million indicated in March -- reflecting a gloomy market outlook after the Nasdaq index suffered more than three weeks of declines.

  • Stocks to watch at noon on Thursday AAP - Thu, Apr 17, 2014 12:05 PM AEST

    Stocks to watch on the Australian stock exchange at noon on Thursday: API - AUSTRALIAN PHARMACEUTICAL INDUSTRIES - down 1.5 cents, or 2.65 per cent, at 55 cents Australian Pharmaceutical Industries is ...

  • Weibo, a Chinese Answer to Twitter, Prices Its Offering at $17 The New York Times - Thu, Apr 17, 2014 11:20 AM AEST

    The microblogging service set a price at the bottom of its expected range, and will carry a value well below that of Twitter when it begins trading on the public markets.

  • Weibo IPO below expectations, raises $285.6 mn AFP - Thu, Apr 17, 2014 9:54 AM AEST
    Weibo IPO below expectations, raises $285.6 mn

    Sina Weibo sold fewer shares than expected in its US IPO which was priced below expectations ahead of a Thursday listing that takes place after tech selloffs on Wall Street. The firm, often described as China's version of Twitter, sold 16.8 million US depositary shares, according to Dow Jones Newswires, while a person familiar with the deal told AFP each share was priced at $17. In March, Weibo had estimated the value of its initial public offering at as much as $500 million. The offering comes as Chinese e-commerce giant Alibaba -- a shareholder in Weibo -- is preparing its own eagerly anticipated IPO later in the year, which is expected to be the biggest in the tech sector since Facebook's in 2012.

 

Company Finances

  • China says one-fifth of its farmland is polluted Associated Press - 2 hours 17 minutes ago

    Nearly one-fifth of China's farmland is polluted, mostly from yearslong accumulations of toxins from factories, mining and agriculture, the government said, raising sharp concerns about the country's food ...

  • PepsiCo's profit rises on snack sales, price hikes Associated Press - 6 hours ago
    PepsiCo's profit rises on snack sales, price hikes

    PepsiCo reported a stronger-than-expected quarterly profit as the company sold more snacks around the world and hiked prices, including on its drinks. The company, which also makes Frito-Lay, Gatorade, ...

  • Union Local Ratifies New Labor Contract With MGP GlobeNewswire - 7 hours ago

    ATCHISON, Kan. -- Local 74D of the United Food and Commercial Workers (UFCW) Union yesterday ratified a new five-year collective bargaining unit agreement with MGPI Processing, Inc., a subsidiary of MGP ...

  • Final Glance: Food companies Associated Press - 7 hours ago

    Shares of some top food companies were mixed at the close of trading: ConAgra Foods Inc. rose $.14 or .4 percent, to $31.34. General Mills Inc. fell $.17 or .3 percent, to $52.09. Hormel Foods Corp. rose ...

  • Final Glance: Tools and Appliances companies Associated Press - 7 hours ago

    Shares of some top tools and appliances companies were mixed at the close of trading: General Electric Co. rose $.44 or 1.7 percent, to $26.56. Snap-On rose $3.38 or 3.0 percent, to $115.94. Stanley Works ...

  • Final Glance: Consumer companies Associated Press - 7 hours ago

    Shares of some top consumer companies were up at the close of trading: Clorox rose $.33 or .4 percent, to $90.84. Colgate-Palmolive Co. rose $.12 or .2 percent, to $66.94. Kimberly-Clark Corp. rose $.13 ...

  • Final Glance: Beverages companies Associated Press - 7 hours ago

    Shares of some top beverages companies were mixed at the close of trading: Anheuser-Busch Inbev ADR rose $.24 or .2 percent, to $109.20. Coca-Cola Co. rose $.13 or .3 percent, to $40.72. Dr Pepper Snapple ...

  • Final Glance: Autos companies Associated Press - 7 hours ago

    Shares of some top autos companies were mixed at the close of trading: Ford Motor Co. fell $.07 or .4 percent, to $16.00. General Motors Co. rose $.01 or percent, to $33.98. Honda Motor Co. fell $.39 or ...

  • Business Highlights Associated Press - 8 hours ago

    ___ China factories face new challenge as growth slows Chinese manufacturers are discovering that being an efficient low-cost producer is no longer enough to prosper in the face of the country's slowing ...

  • Dislike: If You 'Like' General Mills on Facebook, You Can't Sue the Company Entrepreneur - 9 hours ago
    Dislike: If You 'Like' General Mills on Facebook, You Can't Sue the Company

    The American food manufacturer has made an unprecedented sneaky, (anti)social media move to keep itself out of court.