Technology Report: Facebook prices at top of range in landmark IPO

Click to View in Browser 05/17/2012 Facebook prices at top of range in landmark IPO NEW YORK/SAN FRANCISCO (Reuters) - Facebook Inc priced its initial public offering at $38 a share, giving the world's No. 1 online social network a $104 billion valuation in the third largest offering in U.S. history. Iran threatens to sue Google over dropping Persian Gulf DUBAI (Reuters) - Iran's Foreign Ministry threatened on Thursday to take legal action against Google for dropping the name Persian Gulf from its Google Maps and leaving the waterway between Iran and Arab states nameless, state television reported. Apple to use only green power for main data center (Reuters) - Apple Inc plans to power its main U.S. data center entirely with renewable energy by the end of this year, taking steps to address longstanding environmental concerns about the rapid expansion of high-consuming computer server farms. HP mulls cutting at least 25,000 jobs: sources (Reuters) - Hewlett-Packard Co is considering cutting its workforce by 8 to 10 percent, or a minimum of 25,000 jobs, sources familiar with the matter told Reuters, as newly installed CEO Meg Whitman strives to return the storied Silicon Valley institution to growth. Apple to use only green power for main data center (Reuters) - Apple Inc plans to power its main U.S. data center entirely with renewable energy by the end of this year, taking steps to address longstanding environmental concerns about the rapid expansion of high-consuming computer server farms. FCC chooses spectrum for wireless medical devices NEW YORK (Reuters) - The telecommunications regulator on Thursday announced plans to set aside a chunk of spectrum for connecting wireless medical devices to allow for more convenient and cost-effective health monitoring. Facebook's Saverin fires back at tax-dodge critics WASHINGTON (Reuters) - Facebook co-founder Eduardo Saverin, under fire over the tax consequences of renouncing his U.S. citizenship, said on Thursday he is obligated to and will pay "hundreds of millions of dollars in taxes to the United States government." Analysis: Facebook can't take Asian growth for granted SINGAPORE (Reuters) - Even as Facebook fever grips investors ahead of the social networking giant's potential $100 billion-plus initial public offering, its breakneck growth in Asia may be slowing as it moves beyond desktop users to those who access the Internet largely or solely from a mobile phone. Wi-Lan says court to proceed with patent trial (Reuters) - Canadian patent licensing company Wi-Lan Inc said a U.S. judge had allowed its patent suit to proceed against eight companies, including units of Alcatel-Lucent, Ericsson, HTC Corp and Sony Corp. Pinterest financing values company at $1.5 billion (Reuters) - Silicon Valley startup Pinterest raised $100 million from a group led by Japanese online retailer Rakuten Inc, valuing the company at about $1.5 billion and underscoring the huge investor appetite for social-networking companies. Related Video Elon Musk's SpaceX dreams Lab mice reveal path to dementia cure Mediafile John C Abell Facebook's passive-aggressive friendship Paul Smalera Instagram's Facebook filter A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. Register Today   The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day. Register Today   » MORE NEWSLETTERS - 3 Times Square New York, NY 10036 USA © Copyright 2010 Thomson Reuters Ensure delivery of Reuters Newsmails, add mail@nl.reuters.com to your address book. Details Subscribe to other Reuters newsletters. Unsubscribe from this newsletter. Follow us on Twitter Friend us on Facebook Forward to a friend