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Facebook sells stake in business
Facebook has sold a 1.96% stake for $200m (£126m) to a Russian internet firm, a move that values the social networking website at $10bn. Facebook boss Mark Zuckerberg said he had been impressed by Digital Sky Technology’s (DST) “impressive growth and... (Continue reading)
GM ponders future as deal fails
General Motors’ bondholders have rejected a key part of the carmaker’s restructuring plan, which makes it more likely to seek bankruptcy protection. The board will now meet to discuss its “next steps” after a large number of investors refused to exchange... (Continue reading)
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