Apple Inc Chief Executive Tim Cook will not be earning dividend income on the more than 1 million shares to which he is entitled, which will cost him about $75 million.
Morgan Stanley, the lead investment bank in Facebook's troubled initial public offering, will compensate retail investors who overpaid when they bought Facebook's stock in Friday's IPO, according to a source familiar with the matter.
Investors have sued Facebook and its Wall Street advisers over claims that the social media giant misled them about the company’s business prospects before its record flotation.
Sovereign wealth fund China Investment Corp (CIC) is in advanced talks to buy an up to $2 billion stake in Alibaba Group, sources told Reuters, as the Chinese e-commerce powerhouse looks to secure the last of the funding it needs to buy back part of its stake from Yahoo Inc.
Global software major Microsoft will incubate 10 early-stage technology start-ups in cloud computing, internet and mobile using its Accelerator for Windows Azure programme to help them build businesses, a top official said Wednesday.
