DETROIT/SAN FRANCISCO, May 15 (Reuters) – General Motors Co
said on Tuesday it will stop advertising on Facebook,
even as the social networking website prepares to go public.

While GM gave no specific reason for dropping Facebook ads,
a source familiar with the automaker’s plans said the company’s
marketing executives decided Facebook’s ads had little impact on
consumers.

NEW YORK/SAN FRANCISCO (Reuters) – Facebook Inc boosted the price range on its initial public offering by about 14 percent, as investors’ appetite for the No. 1 social network seemed to trump ongoing questions about its long-term potential to make money.

The price range, which could value Facebook at more than $100 billion, was raised a day before General Motors said it planned to pull out of advertising on Facebook, underscoring worries about slowing revenue growth.

NEW YORK/SAN FRANCISCO, May 15 (Reuters) – Facebook Inc
increased the price range on its initial public offering
an average of 14 percent to raise more than $12 billion, giving
the world’s No. 1 social network a valuation potentially
exceeding $100 billion.

The company, which began in a Harvard dorm room by Mark
Zuckerberg, raised the target range to between $34 and $38 per
share in response to strong demand, from $28 to $35, according
to a filing with the U.S. Securities and Exchange Commission on
Tuesday.

NEW YORK/SAN FRANCISCO, May 15 (Reuters) – Facebook Inc
has increased the price range in Silicon Valley’s
biggest-ever initial public offering to raise more than $12
billion, giving the No.1 social network a valuation potentially
exceeding $100 billion.

The company founded in a Harvard dorm room by Mark
Zuckerberg raised the price target range to between $34 and $38
per share in response to strong demand, from $28 to $35, the
company said in a filing with the U.S. Securities and Exchange
Commission on Tuesday.

NEW YORK/SAN FRANCISCO (Reuters) – Facebook Inc has raised the price range on its initial public offering to $34 to $38 a share in response to strong demand, a source familiar with the situation said, giving the No.1 social network a valuation exceeding $100 billion.

At the mid-point of $36, Facebook would raise $12.1 billion by selling 337.4 million shares. The company founded in a Harvard dorm room by Mark Zuckerberg, who turned 28 on Monday, had originally aimed for $28 to $35 a share.

NEW YORK/SAN FRANCISCO, May 14 (Reuters) – Facebook Inc
has raised the price range on its initial public offering
to $34 to $38 a share in response to strong demand, a source
familiar with the situation said, giving the No.1 social network
a valuation exceeding $100 billion.

At the mid-point of $36, Facebook would raise $12.1 billion
by selling 337.4 million shares. The company founded in a
Harvard dorm room by Mark Zuckerberg, who turned 28 on Monday,
had originally aimed for $28 to $35 a share.

By Alexei Oreskovic

(Reuters) – Yahoo Inc’s new interim chief executive is a signal to Wall Street that the company is returning to a media-centric strategy, even as the its weekend deal with activist hedge fund Third Point raises new questions about its future.

Yahoo’s Ross Levinsohn got his chance on Monday to revive the struggling Web pioneer, as he stepped into a job that has been held by four others in the past five years.

SAN FRANCISCO, May 13 (Reuters) – Yahoo Inc is
replacing its CEO for the third time in as many years, and
giving three board seats to a hedge fund led by Daniel Loeb,
putting him in a strong position to influence strategy at the
struggling Internet company.

Chief Executive Scott Thompson stepped down on Sunday, 10
days after Loeb accused him of padding his biography by faking a
computer science degree. Loeb’s Third Point LLC is one of
Yahoo’s largest shareholders with a 5.8 percent stake.

By Alexei Oreskovic

(Reuters) – Yahoo Inc (YHOO.O: Quote, Profile, Research, Stock Buzz) Chief Executive Scott Thompson is stepping down after a controversy over a fake computer science college degree on his biography, the third CEO to leave the company in three years, according to a source familiar with the situation.

The move is a victory for hedge fund manager Daniel Loeb of Third Point LLC, which is Yahoo’s largest outside shareholder and brought the discrepancy in Thompson’s educational background to light.

May 13 (Reuters) – Yahoo Inc Chief Executive Scott
Thompson is stepping down after a controversy over a fake
computer science college degree on his biography, the third CEO
to leave the company in three years, according to a source
familiar with the situation.

The move is a victory for hedge fund manager Daniel Loeb of
Third Point LLC, which is Yahoo’s largest outside shareholder
and brought the discrepancy in Thompson’s educational background
to light.