For those about to rock: Fender, the manufacturers of the legendary Stratocaster electric guitar, are preparing to offer an IPO soon. The company announced plans to sell $200 million in stock currently held by Fender and the guitar maker’s owners. The company, which currently sells its guitars in 85 countries around the world, hopes that the offering will give Fender the ability to “extend our reach to a broader global consumer base.” (photo by Gilga Mesh) source
Your child’s college education could be in Mark Zuckerberg’s hands.
I don’t know where the market is going to be a year or two down the road, so I can’t make such a bold statement. Sure, I’m hopeful, and I’m not saying it can’t happen. I think the company is well positioned … so things look good for General Motors.GM CEO Dan Akerson • Not committing to a full repayment of the taxpayers’ money from the bailout. It sounds like a hedging of the bets, honestly. If he says it now and the stock goes south, he’s on the record offering a promise he can’t keep. For what it’s worth, though, GM’s stock is doing boffo so far in its first day of trading, already up six percent in early-morning trading. source (via • follow)