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Uk unemployment rate surprise fall to 8.2% in march
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Unemployment has fallen in March, defying expectations of a rise after news that the UK has re-entered recession.
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Facebook Boosts IPO By 25% To 421.2 Million Shares.mp4
Facebook boosted its IPO by 25% to 421.2 million shares from 337.4 million shares as holders chose to raise their offering to 241.3 million from 337.4 million, according to its ever evolving S-1 filing. The company still sees about $6.4 billion of net proceeds if the IPO prices at $36 midpoint. The company's CEO will control about 55.8% of the voting power of its outstanding capital stock vs. the prior 57.3% control. Also of note, GM (NYSE:GM) announced it was no longer advertising on the platform, which has caused some concern over its business model.
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IcomSeven TV
| 17 May 2012 | 6:38 pm
GM's new Astra to be built in UK
General Motors will build the next generation of its Astra compact in the UK, leaving its plant in Bochum, Germany in danger of closure. GM will invest $200 million in the plant, as it looks to consolidate its production due to falling demand.
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IcomSeven TV
| 17 May 2012 | 6:32 pm
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Unemployment has fallen in March, defying expectations of a rise after news that the UK has re-entered recession.