Technology & Media

+Apple | 3 days ago

Apple CEO Cook Gives Up $75M in Stock Dividends

NEW YORK — Apple CEO Tim Cook is giving up $75 million in dividends on restricted stock that the company is awarding to all of its employees.

In a filing with the Securities and Exchange Commission on Thursday, Apple Inc. said that Cook requested that his restricted stock units not receive dividends. The dividends that Apple workers are getting amount to $2.65 per quarter for each restricted stock unit held. The shares are not normally eligible to receive dividends, so Apple’s decision is a perk for its employees.

+Venture Capital | 3 days ago

Is Innovation Dead — or Doing Just Fine, Thank You?

By David Futrelle

Pundits are arguing that trendy social media companies are diverting capital from more serious, productive ventures.

+Companies & Industries | 4 days ago

HP’s Missteps Culminate in Loss of 27,000 Jobs

By Associated Press

SAN FRANCISCO — Hewlett-Packard CEO Meg Whitman has quantified the painful price that must be paid for the missteps of her predecessors as she tries to turn around the Silicon Valley pioneer. The bungling will wipe out 27,000 jobs so HP can save enough money to lift its earnings and invest in the development of [...]

+Investing | 4 days ago

Has Facebook Jinxed the IPO Market for Everyone?

By David Futrelle

Facebook’s post-IPO meltdown has certainly been bad news for investors who got into the stock at its initial price — or higher. Is it also bad news for the IPO market as a whole?

+Transportation | 5 days ago

Rocket Fuel: The Commercial Space Race Heats Up

By Associated Press

WASHINGTON — A privately built space capsule that’s zipping its way to the International Space Station has also launched something else: A new for-profit space race. The capsule called Dragon was due to arrive near the space station for tests early Thursday and dock on Friday with its load of supplies. Space Exploration Technologies Corp. [...]

+Facebook | 5 days ago

Facebook, Wall Street Banks Sued Over Pre-IPO Financial Forecasts

By Sam Gustin

Just days after its controversial IPO, Facebook and its Wall Street bankers have been hit by shareholder lawsuits alleging that the social networking giant and its underwriters concealed the company’s decelerating revenue growth from investors. The lawsuits come amid a growing furor about whether Facebook’s banks selectively disclosed information that gave favored clients an unfair [...]

+Wall Street & Markets | 5 days ago

Facebook IPO Furor: Feds Probing Deal Over Insider Bank Warnings

By Sam Gustin

Facebook’s Wall Street investment banks warned top clients of new doubts about the social network’s financial prospects just days before the company’s IPO, according to a series of reports that emerged Tuesday.

+Facebook | 5 days ago

Regulators Probe Bank’s Role in Facebook IPO

By Associated Press

Regulators are examining whether Morgan Stanley, the investment bank that shepherded Facebook through its highly publicized stock offering last week, selectively informed clients of an analyst’s negative report about the company before the stock started trading.

Google | 6 days ago

It’s Official: Google Has Acquired Motorola Mobility

By Doug Aamoth

Google has made its $12.5 billion acquisition of Motorola Mobility official. Google CEO Larry Page announced the closing of the deal in a company blog post:

+Facebook | 6 days ago

7 Reasons Facebook Flopped

By Nancy Miller

Photo Illustration by Valentin Flauraud / Reuters

Facebook skidded 11% lower on Monday, its second day as a publicly traded stock, capping one of the worst market debuts ever. Let’s hope that Mark Zuckerberg and his new bride Priscilla Chan aren’t as star-crossed as the $16 billion Facebook initial public offering. Facebook launched its stock amid a unique blend of media hype and [...]