Business / Finance

BBC World News, 04.05.12 11:53 UTC

Facebook IPO values company at between $85bn and $95bn

Facebook has set the share price for its upcoming initial public offering (IPO) at between $28 and $35 per share, valuing the company at between $85bn-$95bn (£52bn-£59bn).

USD Mark Zuckerberg social network internet Google Inc. Amazon, Inc. +1 more

BBC World News, 04.05.12 11:52 UTC

Eurozone private sector 'contracts sharply'

The eurozone's private sector contracted sharply in April and by more than initially thought, a survey says.

weak manufacturing exports Markit Howard Archer Italy Germany manufacturing +2 more

Reuters - Business News, 04.05.12 11:51 UTC

Thomson Reuters offers more EU antitrust concessions

By Foo Yun Chee BRUSSELS | Fri May 4, 2012 6:28am EDT BRUSSELS (Reuters) - Thomson Reuters has offered additional concessions to the European Commission to end an antitrust investigation related to ...

EU Commission European Commission European Union Yvonne Diaz Yun Chee Antoine Colombani +5 more

Reuters - Business News, 04.05.12 11:51 UTC

Mercuria hires Goldman commodities investment executive: source

NEW YORK | Fri May 4, 2012 7:31am EDT NEW YORK (Reuters) - Swiss-based trading house Mercuria has hired Goldman Sachs' (GS.N) former co-head of commodities investment, Shameek Konar, to help manage ...

New York City energy assets Mercuria Services S.A. GOLDMAN & GOLDMAN, INC. Constellation Energy Group, Inc. The Goldman Sachs Group, Inc. +10 more

Reuters - Business News, 04.05.12 11:51 UTC

Fat guarantees helped weaken Dewey & LeBoeuf

By Andrew Longstreth and Nate Raymond NEW YORK | Fri May 4, 2012 3:45am EDT NEW YORK (Reuters) - In its race to become one of the world's biggest law firms, Dewey & LeBoeuf doled out rich ...

Tom Dewey Steven Davis Andrew Longstreth Netherlands law firms Morton Pierce +7 more

Reuters - Business News, 04.05.12 11:51 UTC

Misery builds for the euro zone

By Andy Bruce LONDON | Fri May 4, 2012 7:36am EDT LONDON (Reuters) - The euro zone economy worsened markedly in April, according to business surveys that clashed with the prospect of a gradual ...

Fathom Financial Consulting Limited President Director economist Spain China +10 more

Reuters - Business News, 04.05.12 11:51 UTC

Exclusive: Barclays loses commodities trading chief Jones to Mercuria

By Christopher Johnson LONDON | Fri May 4, 2012 7:31am EDT LONDON (Reuters) - Barclays (BARC.L) has lost its commodities trading chief Roger Jones to Swiss trader Mercuria in one of the biggest moves ...

head of non-oil operations Europe Isabelle Ealet The Goldman Sachs Group, Inc. David Silbert Marco Dunand +17 more

Reuters - Business News, 04.05.12 11:50 UTC

Exclusive: Ernst, audit clients cut lobbying ties-records

By David Ingram and Dena Aubin WASHINGTON/NEW YORK | Fri May 4, 2012 1:11am EDT WASHINGTON/NEW YORK (Reuters) - Ernst & Young's lobbying unit is no longer listed as a lobbyist for three major U.S. ...

Ernst & Young s.r.o. Verizon Communications Inc. lobbyist Major U.S. Companies advocate Auditor +18 more

Reuters - Business News, 04.05.12 11:50 UTC

April hiring seen picking up

By Jason Lange WASHINGTON | Fri May 4, 2012 12:22am EDT WASHINGTON (Reuters) - Employers likely increased hiring in April, although not enough to lower the country's 8.2 percent jobless rate, keeping ...

Nigel Gault Jason Lange Massachusetts IHS Inc. Thomson Reuters Group Ltd economist +6 more

Reuters - Business News, 04.05.12 11:50 UTC

Futures edge up ahead of payrolls report

By Chuck Mikolajczak NEW YORK | Fri May 4, 2012 7:30am EDT NEW YORK (Reuters) - U.S. stock index futures edged higher on Friday ahead of a key report on the labor market, which could provide a ...

Europe Department of Labor European Union Chuck Mikolajczak Greece France +7 more