Joanna Wnuk
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Facebook insiders eager to unload some of their pre-IPO shares will have to wait at least one more day, thanks to Hurricane Sandy.
Roughly 230 million Facebook Inc. shares – a combination of options and restricted stock units – were due to be eligible to be sold on the open market today. However, the closure of stock markets due to the approaching hurricane means that shareholders will have to wait until the danger has passed before they can cash in.
Riverbed Technology to acquire Opnet
Riverbed Technology has revealed plans to buy Opnet Technologies for $993.3-million (U.S.) in cash and stock, bolstering its business in speeding up software on corporate networks.
TransCanada, Phoenix Energy to build pipeline
TransCanada Corp. has teamed up with Chinese-owned Phoenix Energy Holdings Ltd to build a new $3-billion crude oil pipeline in Northern Alberta.
It's been a tough year for U.S. college endowments
2012 fiscal year returns have averaged –0.3 per cent .
China set to push M&A in 8 key areas
Automobiles, rare earths and aluminium top the list.