GM may raise price for IPO ahead of offering
Demand for General Motors stock is strong enough to push the target range higher for the initial public offering. Industry sources say the final price for common shares could land around 30 to 30.50 with potential shifts for preferred stock, while the government aims to recover bailout funds as GM’s profits improve.
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Facebook unifies messaging across email text and chat
Facebook unveils a unified messaging system linking email text and chat into a single social inbox. The service combines Facebook Messages with a Facebook.com email and will roll out by invitation, aiming to reduce steps and emphasize conversation over traditional email.
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Rolls-Royce to replace leaking A380 engines after blowout
Rolls-Royce will temporarily replace oil leaking Trent 900 engines on Airbus A380 jets after a Qantas A380 suffered an engine blowout and fire. Airlines may reroute deliveries if leaks are more widespread, but spare engines and software shutoff measures aim to limit disruption. Regulators and Airbus confirm engine module replacements and continued investigation.
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