A Chinese conglomerate announced Monday it will buy a major U.S. cinema chain, AMC Entertainment Holdings, for $2.6 billion in China's biggest takeover of an American company to date.
Struggling Internet company Yahoo Inc. has secured a lifeline after agreeing to sell half of its prized stake in Chinese e-commerce group Alibaba for about $7.1 billion, with most of the cash going to shareholders.
Ahead of the Bell: Facebook below IPO price Facebook Inc. stock has dropped below the initial public stock offering price in premarket trading Monday, an inauspicious start to the company's first full week of trading after its market debut Friday suffered some hiccups.
With a weekend to figure things out, we've got a few suspects to blame for the mess that was Facebook's IPO debut on Friday. After a late start due to glitches on NASDAQ and a possible scandal in which Morgan Stanley upheld the price of the stock, Facebook's stock ended the day just where it started. It had a mini-pop, but it didn't soar, as expected. That was not supposed to happen. ...
