Twitter is partnering with France's second-largest bank this week to let customers transfer money with a simple tweet. The two are expected to unveil details at a press conference in Paris on Tuesday, Reuters reported.
Time Inc. has been undergoing some major restructuring in anticipation of its split from Time Warner, now just days away. But there are some changes within the brands, too. Take, for instance, Fortune and Money, which until today had their digital properties integrated with CNN under CNNMoney. Now, the titles are severing ties with CNN and spinning off into their own single-brand sites.
So much for a smooth flight: Twitter’s public debut hit some turbulence on day two.The much-hyped Wall Street offering started Thursday, after Twitter lined up investors to sell 70 million shares at $26 a piece. Shares jumped in the opening minutes of trading to as high as $50, but that was as good as it gets.
$1,000. Google’s stock price hit its all-time high today, making the rich founders even wealthier. Co-founders Larry Page and Sergey Brin each saw their fortunes rise more than $250 million today as shares topped the four-figure threshold.
Comcast on Tuesday announced it will pay $16.7 billion to acquire the 49 percent stake in NBCUniversal owned by General Electric, a move that accelerates the buyout well ahead of analysts’ expectations.
Following last month’s restructuring of Time Inc.’s publishing ranks, in which Fortune and CNNMoney publisher Jed Hartman was given the newly created role of group publisher of news and business, Fortune executive sales director Tony Haskel has been promoted to
What's as valuable to teenagers as cash in this stultifying economy? Well, MacBooks and iPod Touches, based on ING Direct's latest marketing push—for a new debit card/online bank account called Money.
First-quarter venture capital investments rose by 35 percent over last year, aided by big plays in social media, gaming, and online shopping companies. According to data released this morning from Dow Jones VentureSource, venture capital devoted to Web-heavy consumer media companies tripled over the same period in 2010.