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Facebook hit with lawsuit over plan to issue new stock

Facebook hit with lawsuit over plan to issue new stock

SAN FRANCISCO A Facebook Inc (FB.O) shareholder filed a proposed class action lawsuit on Friday in a bid to stop the company’s plan to issue new Class C stock, calling the move an unfair deal to entrench Chief Executive Mark Zuckerberg as controlling shareholder. The lawsuit, filed in the Delaware Court of Chancery, followed the [...]

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Apple’s stock suffers worst week since 2013

Apple’s stock suffers worst week since 2013

SAN FRANCISCO Apple Inc on Friday ended its worst week on the stock market since 2013 as worries festered about a slowdown in iPhone sales and after influential shareholder Carl Icahn revealed he sold his entire stake. Shares of Apple, a mainstay of many Wall Street portfolios and the largest component of the Standard & [...]

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Headline News from PaymentsNews.com – April 29, 2016

Headline News from PaymentsNews.com – April 29, 2016

ON THE WEB MasterCard, Visa Try to Speed Chip Transactions After Complaints – Bloomberg – “We are glad to see them fix this problem, but we don’t understand why they couldn’t fix it at the beginning,” said Craig Shearman, a spokesman for the National Retail Federation. PayPal Says Federal Trade Commission Investigating Venmo – [...]

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