LinkedIn to Offer $1B in Stock, Samsung Debuts Smart Watch: Morning Buzzers
U.S. stock futures remained steady Wednesday morning as investors waited on the Federal Reserve’s study of current economic conditions, known as the Beige Book. It’s still uncertain as to whether the U.S. will choose to intervene in Syria — the Senate Foreign Relations Committee is set to vote on a resolution that would allow the U.S. military to enter Syria for a period of 90 days without the use of ground troops in combat.
Futures at 8:30 a.m.: DJIA: -0.23%, S&P 500: -0.18%, NASDAQ: +0.11%.
Here’s your cheat sheet to what’s buzzing this morning.
LinkedIn (NYSE:LNKD) is planning to offer $1 billion worth of its stock – which has been trading near all-time highs and gained 110 percent in the past year — in a move to strengthen its balance sheet. Some have speculated that the business social networking site could be planning a big acquisition. Co-founder and Chairman Reed Hoffman will still retain the majority of control of the company, Forbes reports.