 Links |
|
|
|
 |
 Videos |
|
|
|
|
 Blogs |
|
|
|
|
 News |
|
|
|
|
 Articles |
|
|
|
|
| In The News |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Internet
|
|
Bookmark and share this category:
|
News
| Nasdaq seen struggling with aftermath of Facebook IPO |
NEW YORK (Reuters) - Nasdaq OMX faces short-term costs from its botched handling of Facebook shares on their first day of trading but the longer term repercussions could be more expensive as it struggles to restore its image. Initially, the exchange said it plans to set aside $13 million to resolve bad trades, and even if all of that was used, the cost would be minimal compared with the $387 million in net income it reported last year. The bigger hit to Nasdaq's business is likely to come from the damage done to its reputation by the stumble. ...
Rating: 0.00 (0 votes) |
|
|
|
| Facebook shares sink 11 percent as reality overtakes hype |
 (Reuters) - Facebook shares sank 11 percent in the first day of trading without the full support of the company's underwriters, leaving some investors down almost 25 percent from where they were Friday and driving others to switch back to more established stocks. Facebook's debut was beset by problems, so much so that Nasdaq said on Monday it was changing its IPO procedures. That may comfort companies considering a listing, but does it little for Facebook, whose lead underwriter, Morgan Stanley, had to step in and defend the $38 offering price on the open market. ...
Rating: 0.00 (0 votes) |
|
|
|
| Insight: Morgan Stanley cut Facebook estimates just before IPO |
 (Reuters) - In the run-up to Facebook's $16 billion IPO, Morgan Stanley, the lead underwriter on the deal, unexpectedly delivered some negative news to major clients: The bank's consumer Internet analyst, Scott Devitt, was reducing his revenue forecasts for the company. The sudden caution very close to the huge initial public offering, and while an investor roadshow was underway, was a big shock to some, said two investors who were advised of the revised forecast. ...
Rating: 0.00 (0 votes) |
|
|
| Insight: Morgan Stanley cut Facebook estimates just before IPO |
 Click here for all details, rating, and other features |
(Reuters) - In the run-up to Facebook's $16 billion IPO, Morgan Stanley, the lead underwriter on the deal, unexpectedly delivered some negative news to major clients: The bank's consumer Internet analyst, Scott Devitt, was reducing his revenue forecasts for the company. The sudden caution very close to the huge initial public offering, and while an investor roadshow was underway, was a big shock to some, said two investors who were advised of the revised forecast. ...
Rating: 0.00 (0 votes)
|
|
Created: 05/22/2012
Readers this month: 0 - Readers total: 0::
|
Tags:  Insight: Morgan Stanley cut Facebook estimates just before IPO |
|
|
|
|
| Nasdaq seen struggling with aftermath of Facebook IPO |
 NEW YORK (Reuters) - Nasdaq OMX faces short-term costs from its botched handling of Facebook shares on their first day of trading but the longer term repercussions could be more expensive as it struggles to restore its image. Initially, the exchange said it plans to set aside $13 million to resolve bad trades, and even if all of that was used, the cost would be minimal compared with the $387 million in net income it reported last year. The bigger hit to Nasdaq's business is likely to come from the damage done to its reputation by the stumble. ...
Rating: 0.00 (0 votes) |
|
|
| |
|
| Facebook stock slide puts new pressures on company |
SAN FRANCISCO (Reuters) - Facebook Inc's underwhelming debut on Wall Street increases the pressure on the social networking giant to deliver stellar growth - a novel situation for Chief Executive Mark Zuckerberg, who has been clear he is more interested in building products than making money. Facebook shares fell 11 percent on Monday, the company's second day as a publicly traded company, due to what many analysts and investors blamed on overly aggressive pricing by Facebook's underwriters, as well as a decision to expand the size of the offering by 25 percent. ...
Rating: 0.00 (0 votes) |
|
|
|
| Ex-Yahoo director, fund manager made illegal trades: U.S. |
 (Reuters) - Federal prosecutors on Monday announced insider trading charges against a former Yahoo employee and a fund manager for illegally sharing and trading on secret company information. The pair pleaded guilty in Manhattan federal court on Monday, the Manhattan U.S. Attorney's office said in a press release. They were also charged by U.S. securities regulators in a parallel civil proceeding. The SEC said it is pursuing a civil settlement with the two. ...
Rating: 0.00 (0 votes) |
|
|
|
| Computer hackers access U.S. Justice Department website: spokeswoman |
WASHINGTON (Reuters) - One or more unauthorized users gained access to the inner workings of a website run by the U.S. Justice Department, a department spokeswoman said on Monday after the hacker group Anonymous said they were behind the incident. The hackers accessed a server that operates the Bureau of Justice Statistics' website, the spokeswoman said. The bureau is responsible for collecting and analyzing data about crime — including computer security incidents — from throughout the United States. ...
Rating: 0.00 (0 votes) |
|
|
|
| Yahoo clears a hurdle, sells Alibaba stake for $7.1 billion |
 SHANGHAI/NEW YORK (Reuters) - Yahoo Inc will sell as much as half of its 40 percent stake in Chinese e-commerce powerhouse Alibaba Group for $7.1 billion, ending years of fractious talks over how to extract value from its most prized asset. Yahoo also increased its stock buyback authorization by $5 billion to $5.5 billion as a result of the deal but said it might instead opt to distribute some of the proceeds through a dividend. The sale, announced on Monday, gives Yahoo $6.3 billion in cash and up to $800 million of new Alibaba preferred stock. After taxes, Yahoo will clear $4.2 billion. ...
Rating: 0.00 (0 votes) |
|
|
|
| Early Facebook mutual fund buyers still in money |
(Reuters) - Fidelity Investments and other big mutual fund families that were early backers of Facebook Inc are likely still winners despite the social network's troubled stock market debut. Facebook shares were priced at $38 per share in its initial public offering on Thursday. Despite an initial bump in their market debut on Friday, the shares fell on Monday, closing down 11 percent at $34.03. The decline prompted much hand-wringing among technology investors who had expected a bigger boost for the widely used social networking service. ...
Rating: 0.00 (0 votes) |
|
|
|
|
YouTube celebrated its seventh birthday by saying it has hit fresh milestones in terms of its offerings and the amount of time spent on the video-sharing website.