The Beijing-based social media company intends to list on the New York Stock Exchange and is looking to raise $500 million. Weibo, owned by Sina Corp.
NEW YORK/WASHINGTON (Reuters) - The Federal Deposit Insurance Corp sued 16 of the world's largest banks on Friday, accusing them of cheating dozens of other now defunct banks by manipulating the Libor interest rate.
Consumer sentiment dipped modestly in early March, entirely due to reduced expectations for the future, a survey said on Friday. The preliminary Thomson Reuters/University of Michigan overall index of consumer sentiment fell to 79.9 in March, down from ...
WASHINGTON - The Federal Reserve paid $79.6 billion to the Treasury Department in 2013 as the Fed's enormous investment campaign to stimulate economic growth continued to generate windfall profits for taxpayers.
(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.