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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The repercussions from Facebook’s botched initial public offering deepened on Thursday as Fidelity Investments found itself dealing with “thousands” of customers with order problems and Knight Capital demanded tens of millions of dollars in compensation from Nasdaq for trading-related losses. The pressure on Nasdaq in particular was intense, not only from investor lawsuits and...
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(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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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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Long Island Business NewsFacebook IPO shareholder lawsuit filed by Long Island law officeLong Island Business NewsThis suit focuses on the May 18 Facebook IPO involving 421 million shares issued at $38, valuing the company at $16 billion. The suit name...
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Daily CallerFacebook, JPMorgan gaffs erode faith in Wall St.Daily CallerJPMorgan Chase, usually revered for taming risk, has yet to contain a growing $2 billion loss in one of its trading units. The missteps are further eroding the confidence of small-...
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CBS NewsFacebook shares stabilizing, but probes mountCBS NewsIt was marred further this week as investors began accusing the banks that arranged the IPO of sharing important information about Facebook's business prospects with some clients and not ...
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Congress plans inquiry into Facebook IPOHerald and NewsTwo congressional committees said Wednesday they would conduct preliminary inquiries into the IPO. And attorneys filed two separate lawsuits alleging that average investors were misled in the days ...
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Congress plans inquiry into Facebook IPOHerald and NewsTwo congressional committees said Wednesday they would conduct preliminary inquiries into the IPO. And attorneys filed two separate lawsuits alleging that average investors were misled in the days ...
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Facebook shares stabilizing, but probes mountCBS NewsIt was marred further this week as investors began accusing the banks that arranged the IPO of sharing important information about Facebook's business prospects with some clients and not others. ...
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Bungled Facebook IPO and JPMorgan loss further erode Main Street's confidence ...Washington PostJPMorgan Chase, usually revered for taming risk, has yet to contain a growing $2 billion loss in one of its trading units. The missteps are further erod...
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Facebook, banks under fire for IPO; Congress will investigateNews & ObserverTwo congressional committees said Wednesday that they would conduct preliminary inquiries into the IPO. And attorneys filed two separate lawsuits alleging that average investor...
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Facebook, banks under fire for IPO; Congress will investigateTheNewsTribune.comTwo congressional committees said Wednesday that they would conduct preliminary inquiries into the IPO. And attorneys filed two separate lawsuits alleging that average inves...
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The RepublicNikkei ticks down, investors wary of Greek exitCNBC.comTOKYO (Reuters) - Japan's Nikkei average inched down on Thursday, extending the previous session's sharp fall as investors remained skittish of a disorderly Greek exit from the ...
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Morgan Stanley Under Fire Over Facebook IPO - And Other News Told In ChartsForbesFacebook's (FB) blown IPO has investors and regulators sharpening knives, and they're pointing at lead underwriter Morgan Stanley (MS). Regulators at the Financial...
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AsiaOneSome Big Firms Got Facebook WarningWall Street JournalBy GINA CHON, JENNY STRASBURG and ANUPREETA DAS Capital Research & Management wanted to buy into the Facebook Inc. initial public offering. But days before the IPO, an underwriting bank o...
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Moneycontrol.comNYSE, Nasdaq in Facebook FaceoffWall Street JournalFacebook's disappointing debut, however, has reignited the "battle of the IPOs" between Nasdaq and NYSE. Technical problems at Nasdaq forced the exchange to delay Facebook...
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Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses in Excess of $1 ...MarketWatch (press release)Specifically, whether JPMorgan misrepresented and/or failed to disclose that the CIO had engaged in extremely risky and speculative trades t...
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EntrepreneurStart-Ups Look Beyond Facebook IPO SnafuWall Street JournalIn contrast to the recriminations and backtracking now swirling around Wall Street over Facebook's IPO, entrepreneurs and investors across Silicon Valley remain upbeat about the...
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Facebook IPO Leaves Everyone ShamedSmartmoney.comAs consumers, Facebook encourages us to overshare our lives, even though we know we'll live to regret it. As investors we are tempted to overbuy, and we are regretting that, too. Read our coverage of...
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European debt crisis concerns jolt commoditiesBusinessWeekBy SANDY SHORE Fear of a worsening debt crisis in Europe jolted commodities markets Wednesday. Prices for oil, copper, palladium, cotton and coffee hit the lowest levels in at least a year and, ...
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Botched Facebook IPO and JPMorgan loss reinforce image that Wall Street can't ...Minneapolis Star TribuneJPMorgan Chase, usually revered for taming risk, has yet to contain a growing $2 billion loss in one of its trading units. The missteps are fur...
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Peru Borrowing Costs Rise to Three-Month High on European CrisisBloombergPeru's benchmark borrowing costs in dollars rose to a three-month high as concern that Europe's debt crisis will worsen should Greece leave the euro curbed demand for high...
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(via AFP) Oil prices slumped on Wednesday, falling to a six-month low under $90 in New York as the dollar rallied on eurozone debt tensions. “Crude prices plunged today as the US dollar soared,” said David Morrison, senior strategist at trading group GFT Markets. “Investors sought out the relative safety of…
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When you lose the lottery, you can’t blame anyone but yourself for taking a sucker’s bet. That’s not stopping those that took a Facebook flyer from blasting others for their own gamble. With shares off 16% from the initial price of $38, they’re saying it’s Nasdaq’s fault for botching the offering. They say it’s...
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Facebook IPO Scrutiny Grows as Morgan Stanley Defends RoleAdAge.comInvestors and regulators raised new concerns about the $16 billion IPO after Facebook shares fell a second straight day yesterday, extending losses to 18% below the $38 offer price. Mor...
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Vanity FairFacebook IPO: What the %$#! happened?CNNMoneyBy Julianne Pepitone @CNNMoneyTech May 23, 2012: 2:54 PM ET Facebook's IPO was a mess from day one, with Nasdaq delays and trading issues. Now shareholders are suing and the stock has plunged....
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Facebook IPO Lesson: Don't Buy New StocksSmartmoney.comBy CHUCK JAFFE In the past few days, thanks to the initial public offering of Facebook, investors have learned what the letters IPO really stand for: "It's probably overpriced." T...
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A suit has been filed by Facebook shareholders against Mark Zuckerberg, Facebook, Morgan Stanley and others. It’s based on a very simple concept: when internal analysts learned that Facebook’s numbers were going to be worse than expected, the company and its bankers didn’t tell everyone, but just “selectively disclosed” information to a small group...
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Peru Borrowing Costs Rise to Two-Month High on European CrisisBloombergPeru's benchmark borrowing costs in dollars rose to a two-month high as concern that Europe's debt crisis will worsen should Greece leave the euro curbed demand for higher-y...
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