Technology | MyFOX Spokane

A look at how some IPO stocks have fared

Submitted by Fox First at Ten on October 19th

By The Associated Press Facebook's public debut was the most anticipated tech IPO since Google went public in August 2004. But the stock has lost much of its value since it began trading in mid-May. Below is a look at how the stocks of some recently public companies are faring. The

Prices of Facebook stock since long-awaited IPO

Submitted by Fox First at Ten on October 19th

By The Associated Press Facebook's stock has been down on 60 trading days, up on 45 and unchanged on three since its initial public offering. Facebook began trading publicly in mid-May following one of the most anticipated stock offerings in history. The IPO priced at $38, at the top of a

News Summary: Scripps investors eye family sale

Submitted by Fox First at Ten on October 19th

LOS ANGELES (AP) - SPECULATION: The death of a grandson of founder Edward W. Scripps has prompted speculation that the family might sell its controlling stake in Scripps Networks Interactive Inc. and The E.W. Scripps Co. MARKET REACTION: Shares of Scripps Networks rose nearly 6 percent before

News Summary: Cos. get threat info in draft order

Submitted by Fox First at Ten on October 19th

By The Associated Press IN THE WORKS: A new White House executive order would direct U.S. spy agencies to share the latest intelligence about cyberthreats with companies operating electric grids, water plants, railroads and other vital industries. THE REASON: The information would be provided

News Summary: Yahoo to exit South Korea

Submitted by Fox First at Ten on October 19th

By The Associated Press GOODBYE: Yahoo Inc. will close its South Korean Web portal and an Internet advertising business, cutting its losses in a market where it has struggled for over a decade. ABOUT THE BUSINESS: Since entering South Korea in 1997, Yahoo has operated a namesake portal in

News Summary: Twitter to pull racist posts

Submitted by Fox First at Ten on October 19th

By The Associated Press BLOCKS: Twitter has agreed to pull racist and anti-Semitic tweets under a pair of French hash tags. A Jewish group says the agreement came after it threatened to sue the social network for running afoul of national laws against hate speech. ABOUT THE TWEETS: The anti-

Analysts downgrade AMD on weak 3Q, job cuts

Submitted by Fox First at Ten on October 19th

NEW YORK (AP) - Shares of Advanced Micro Devices Inc. dropped to their lowest point in more than three years on Friday. THE SPARK: The chip-maker will cut nearly 1,800 jobs by the end of the year to cut spending in the face of dwindling sales, and its third-quarter results, announced Thursday, fell

News Summary: Newsweek had unique troubles

Submitted by Fox First at Ten on October 19th

By The Associated Press THE DEVELOPMENT: Newsweek decided to stop publishing a print edition after 80 years and bet its life entirely on a digital future. INDUSTRY TRENDS: By several measures, the magazine business has stabilized, albeit at a lower level. Paid magazine subscriptions were up 1.1

Breakdown of 3Q venture capital funding

Submitted by Fox First at Ten on October 19th

By The Associated Press A report out Friday says startup investments totaled $6.49 billion in the third quarter. Here's a breakdown by sector: Biotechnology, $1,239,889,000 Business Products and Services, $20,021,900 Computers and Peripherals, $230,774,900 Consumer Products and Services, $

News Summary: Venture funding, deals decline in 3Q

Submitted by Fox First at Ten on October 19th

By The Associated Press HEADING DOWN: Funding for startups declined 12 percent in the July-September period as venture capitalists spent less money on fewer deals, according to a new report. ONE FACTOR: The period a year earlier preceded a slew of high-profile initial public offerings, which