A couple of minor technical problems called “business” and “life” have now intruded on my increasingly bogged down publication schedule that, in the interest...
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Today’s Markets
Reports on current events in the markets
Facebook IPO: Individual investors get burned – CNNMoney
Facebook IPO: Individual investors get burnedCNNMoneyBy Hibah Yousuf @CNNMoneyInvest May 24, 2012: 12:00 PM ET In addition to mass confusion and frustration, a trading glitch at the Nasdaq during Faceboook's debut last Friday is taking a toll on br...
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Facebook IPO: Individual investors get burned – CNN
Facebook IPO: Individual investors get burnedCNNNEW YORK (CNNMoney) -- Carole Parker tried to buy 400 shares of Facebook last week through her Fidelity account, ended up with 800, and is now waiting to find out who'll make good on her $3400 loss. A...
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Regulators Probe Bank’s Role in Facebook IPO – CIO Today
CIO TodayRegulators Probe Bank's Role in Facebook IPOCIO TodayBy Marcy Gordon The SEC has serious "regulatory concerns" over Morgan Stanley's actions through Facebook's highly publicized IPO. The top securities regulator for Massa...
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RG Steel Warns Employees Of Potential Layoffs – Fox Business
WBFF/WNUV BaltimoreRG Steel Warns Employees Of Potential LayoffsFox BusinessNEW YORK – RG Steel has warned employees of impending layoffs, the closely held steelmaker said in a statement Thursday. The company, a unit of conglomerate Renco Group Inc.,...
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JPMorgan, the Volcker Rule, and the Extreme Brevity of Financial Memory – Huffington Post
OregonLive.comJPMorgan, the Volcker Rule, and the Extreme Brevity of Financial MemoryHuffington PostExhibit A: The renewed battle over the so-called Volcker Rule in response to JPMorgan Chase's recent trading loss -- which might reach $5 billion. H...
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Shareholders sue Facebook, NYSE comes calling | Reuters
(Reuters) – The fallout from Facebook Inc’s messy initial public offering widened on Wednesday as shareholders sued the social network and its bankers while a trading firm revealed a massive loss on the shares and threatened to seek “remedies.” The Nasdaq stock exchange also came under further pressure as a source close to the...
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Times-Picayune to Cut Publication to 3 Days a Week – ABC News
The DrumTimes-Picayune to Cut Publication to 3 Days a WeekABC NewsNew Orleans' daily newspaper, The Times-Picayune, will switch to publishing three days a week starting in the fall and plans to increase its focus on online news. The 175-year-old pa...
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Euro Zone Crisis Will Endanger Even Good Companies: S&P – CNBC.com
CNBC.comEuro Zone Crisis Will Endanger Even Good Companies: S&PCNBC.comThe euro zone debt crisis will continue to dominate European stocks in 2012, with even well-run companies in danger of being sucked into the morass, according to S&P Capital...
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Slim Family Sees European Crisis as ‘Good Moment’ to Invest – San Francisco Chronicle
Live Trading NewsSlim Family Sees European Crisis as 'Good Moment' to InvestSan Francisco ChronicleMay 24 (Bloomberg) -- Carlos Slim sees Europe's debt crisis as a "good moment" to apply his strategy of investing in times of turmo...
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Sheryl Sandberg Ducks Questions At Harvard About Facebook IPO Debacle – Huffington Post
Boston GlobeSheryl Sandberg Ducks Questions At Harvard About Facebook IPO DebacleHuffington PostSandberg, who visited her alma mater with her parents and two children, only once made reference to the IPO in her speech. After urging the graduates to use...
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Facebook IPO Frenzy Costs Main Street More Than $600 Million – Financial Advisor Magazine
Facebook IPO Frenzy Costs Main Street More Than $600 MillionFinancial Advisor MagazineWhile asset managers and hedge funds got to buy Facebook in private trading years before the IPO, small investors had to wait(Bloomberg News) Ryan Cefalu, who lives w...
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Facebook’s IPO Was Bound To Be A Mess, It’s A Young Company – Business Insider
Business InsiderFacebook's IPO Was Bound To Be A Mess, It's A Young CompanyBusiness InsiderThe Facebook IPO is only a few days old, and the organizations involved have emerged with tarnished images. What's more, the actions and inactions of...
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Kuwait group eyes options after $2.16 bln Dow ruling – Reuters
The Ann Arbor News - MLive.comKuwait group eyes options after $2.16 bln Dow rulingReuters| KUWAIT May 24 (Reuters) - Kuwait's state-run chemical company said it was studying its legal options after an international arbitrator ruled it must pay Dow ...
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Schools.com Infographic Examines Facebook’s IPO – Albany Times Union
Schools.com Infographic Examines Facebook's IPOAlbany Times UnionFacebook's initial public offering valued the company at $104 billion and raised $16 billion. It is the largest in tech sector IPO in history and the third-largest ever behind Vis...
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US Banks See Strong Profits – Wall Street Journal
Plain DealerUS Banks See Strong ProfitsWall Street JournalBy VICTORIA MCGRANE WASHINGTON—US banks reported their highest quarterly profit since mid-2007 in the first period, while overall lending activity decreased for the first time in four quarters...
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Mortgage Rates for 30-Year US Loans Fall to a Record-Low 3.78% – Bloomberg
Mortgage Rates for 30-Year US Loans Fall to a Record-Low 3.78%BloombergUS mortgage rates for 30-year loans fell to a record low for a fourth straight week, reducing borrowing costs as a housing recovery takes hold. The average rate for a 30-year fixed ...
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Europe Makes Crisis Management Hostage to Volatile Greek Voters – Bloomberg
TIMEEurope Makes Crisis Management Hostage to Volatile Greek VotersBloombergEuropean leaders tied their next steps on the financial crisis to the outcome of a bitterly contested election in Greece that may determine whether the 17- nation euro currency...
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Europe Makes Crisis Management Hostage to Volatile Greek Voters – BusinessWeek
TIMEEurope Makes Crisis Management Hostage to Volatile Greek VotersBusinessWeekBy James G. Neuger on May 24, 2012 European leaders tied their next steps on the financial crisis to the outcome of a bitterly contested election in Greece that may determin...
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Facebook IPO Frenzy Costs Main Street More Than $600 Million – San Francisco Chronicle
Mother Nature NetworkFacebook IPO Frenzy Costs Main Street More Than $600 MillionSan Francisco ChronicleThe outcome: After Facebook and its underwriters misjudged demand in pricing the IPO and glitches on the Nasdaq hampered trading on the first day, t...
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Facebook IPO Debacle Triggers Legal Debate Over Disclosure – San Francisco Chronicle
Mother Nature NetworkFacebook IPO Debacle Triggers Legal Debate Over DisclosureSan Francisco ChronicleFacebook amended its IPO filing on May 9, about a week before the $16 billion sale, to say growth in advertising had failed to keep up with user gains...
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Facebook IPO lawsuits mount – Mother Nature Network
Mother Nature NetworkFacebook IPO lawsuits mountMother Nature Network(Photo: Emmanuel Dunand/AFP) Trial lawyers smelled blood as furious investors began filing suits over losses on Facebook's disastrous $16 billion IPO, with billions of dollars pos...
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Facebook IPO reignites JOBS Act debate – What’s the latest from FINRA? – Net … – Politico
Facebook IPO reignites JOBS Act debate - What's the latest from FINRA? - Net ...PoliticoWith help from David Saleh Rauf, Michelle Quinn, Jennifer Martinez, Tony Romm, Eliza Krigman and Brooks Boliek FACEBOOK IPO REIGNITES JOBS ACT DEBATE -- Critics...
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The European financial crisis isn’t that far away – Mid Columbia Tri City Herald
The European financial crisis isn't that far awayMid Columbia Tri City Herald"The EU is the largest individual importer of US goods and services, but only about 26 percent of total US exports in 2011 were to the EU," he noted. Further, &q...
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Regulators raise questions about Facebook IPO after its disappointing performance – Public Radio International PRI
Regulators raise questions about Facebook IPO after its disappointing performancePublic Radio International PRIRegulators and lawyers are looking into whether Morgan Stanley and other Wall Street banks that helped orchestrate Facebook's IPO warned ...
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Sen. Blumenthal: Facebook IPO was ‘supposed to be fair to the little guy’ – CNN (blog)
Sen. Blumenthal: Facebook IPO was 'supposed to be fair to the little guy'CNN (blog)Richard Blumenthal (D-CT) explains why he thinks that disclosure laws need to change in light of Facebook's IPO lawsuits. Sen. Blumenthal says, “There may ...
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Dudley Tells CNBC He Doesn’t See Need for More Easing Now – Bloomberg
CNBC.comDudley Tells CNBC He Doesn't See Need for More Easing NowBloombergWilliam C. Dudley, president of the Federal Reserve Bank of New York, said he doesn't currently see the need for additional action to ease policy. “My view is that, if ...
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Weekly Jobless Claims Fall Slightly – Fox Business
NorthJersey.comWeekly Jobless Claims Fall SlightlyFox BusinessNew US claims for unemployment benefits fell slightly last week, government data on Thursday showed, suggesting the labor market continues to expand at a moderate pace. Initial claims for st...
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Knight Capital Wants Nasdaq To Cover Losses During Botched Facebook IPO – Huffington Post
Moneycontrol.comKnight Capital Wants Nasdaq To Cover Losses During Botched Facebook IPOHuffington PostBy John McCrank and Ashutosh Pandey (Reuters) - Electronic trader Knight Capital Group said it suffered a pre-tax loss of $30 million to $35 million o...
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HJ Heinz 4Q Net Falls 22% On Charges, Sales Miss Views – Wall Street Journal
Dividend.comHJ Heinz 4Q Net Falls 22% On Charges, Sales Miss ViewsWall Street JournalHJ Heinz Co.'s (HNZ) fiscal fourth-quarter earnings fell 22%, partly due to costs for its productivity initiatives, as the food company's sales grew slower tha...
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The Real Impact of JPMorgan Chase Halting Its Share Buybacks – DailyFinance
MarketWatchThe Real Impact of JPMorgan Chase Halting Its Share BuybacksDailyFinanceBy John Grgurich, The Motley Fool As a result of the bank's recent $2 billion (and counting) trading loss, JPMorgan Chase (JPM) announced Monday it would be suspendi...
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