Weibo Corp., the Chinese microblogging service often compared with Twitter, filed Friday for a US stock offering seeking to raise $500 million. The move will allow the popular Chinese-language social network to spin off from the Internet giant Sina, according to documents filed with the US Securities and Exchange Commission. The filing said Weibo had 129.1 million monthly active users in December and 61.4 million average daily active users. The company did not indicate whether Weibo would file its IPO on the Nasdaq or New York Stock Exchange.
By Anshuman Daga and Siva Govindasamy KUALA LUMPUR (Reuters) - A missing Malaysian jetliner was likely steered deliberately to a course that could have taken it anywhere from central Asia to the southern Indian Ocean, Malaysia's prime minister said on Saturday, in a dramatic revelation that intensified scrutiny of the 239 crew and passengers. Minutes after Malaysian leader Najib Razak outlined investigators' latest findings about flight MH370 at a news conference, police began searching the house of the aircraft's 53-year-old captain for any evidence that he could have been involved in foul play. Najib, giving his first statement at a news conference since the day that the Malaysia Airlines Boeing 777-200ER vanished from radar screens a week ago, confirmed reports that investigators believe somebody cut off the plane's communications and steered it west, far from its scheduled route to Beijing. "Despite media reports the plane was hijacked, I wish to be very clear, we are still investigating all possibilities as to what caused MH370 to deviate." Search operations by navies and aircraft from more than a dozen nations were immediately called off in the Gulf of Thailand and the South China Sea to the east of Malaysia, where the plane dropped off civilian air traffic control screens at 1:22 a.m. last Saturday (1722 GMT on Friday).