Feeding frenzy for lawyers in botched Facebook IPO
Facebook Inc's bungled initial public offering has gone from one of the most highly anticipated stock offerings to a hot legal opportunity for lawyers on both sides of shareholder litigation.
Court b
Facebook market makers' losses total at least $100 million
Claims by four of Wall Street's main market makers against Nasdaq over Facebook's botched IPO are likely to exceed $100 million, as they and other traders continue to deal with thousands of problems w
Wall Street struggles to find Facebook's worth
In its three days of trading, Facebook's stock has dropped 18 per cent from its $38 issue price.
For the thousands of investors that bought at the IPO, that's bad enough, but one analysis of its ear
Regulators, investors turn up heat over Facebook IPO
Two top U.S. financial regulators said on Tuesday the issues around the initial public offering of Facebook should be reviewed, putting fresh pressure on the company, its lead underwriter, Morgan Sta
JPMorgan has trading loss of at least $2 billion, reputation hit
JPMorgan Chase & Co said on Thursday that it suffered a trading loss of at least $2 billion from a failed hedging strategy, a surprise disclosure that hit financial stocks and the reputation of the ba
Facebook's IPO show to hit the road May 7: Source
The roadshow for Facebook Inc's initial public offering is scheduled to start on Monday, meaning the company's shares should begin trading on May 18, a source familiar with the process said on Tuesday
Inventories, weak business spending curb US Q1 growth
U.S. economic growth cooled in the first quarter as businesses cut back on investment and restocked shelves at a slower pace, but the biggest rise in consumer spending in more than a year cushioned th
Wall Street fall on European concerns
US stocks slipped on Monday as investors were concerned about new developments in Europe's debt crisis and political turmoil.
The European PMI data declined to 47.4 in March, suggesting a shrinking e
Asian markets rebound on easing Europe fears
Asian markets bounced back on Wednesday following some much-needed positive news out of Europe and an IMF report forecasting global growth would be stronger than first thought.
Technology and financi
'Apple to become world's first $1 trillion company'
Apple will become the world's first trillion-dollar company when its shares top $1,000 each, Wall Street analysts have predicted.
The technology giant's shares were worth $633.38 last week as its sto