The Chinese version of Twitter, Weibo, filed a preliminary prospectus on Friday for an initial public offering in the U.S. to raise $500 million.
The Federal Deposit Insurance Corporation has sued 16 big banks that set a crucial global interest rate, accusing them of fraud and conspiring to keep the rate low to enrich themselves.
The value of U.S. government bonds held by foreign central banks at the Federal Reserve shrank by a record amount this week, causing a stir in the Treasury market.
Consumer confidence in the U.S. unexpectedly dropped in March to a four-month low, indicating household spending may be slow to pick up from a weather-related setback earlier this year.
(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.