Market Extra: Facebook IPO’s rocky open to get SEC review The Securities and Exchange Commission will look into the delayed trading start to much-anticipated debut, after its expected open was delayed by about 30 minutes and Nasdaq dealt with getting trade confirmations to brokers.
For Gupta Trial, Tension and Tips Lawyers for former Goldman Sachs director Rajat Gupta say he was estranged from convicted hedge-fund mogul Raj Rajaratnam at the time of some alleged tips. Prosecutors say the friendship broke down much later.
Continue reading …Odey doubts Cameron credentials Hedge fund veteran takes aim at UK Prime Minister, saying he is ‘no man to see the way out’ of the current economic woes
Continue reading …Here Are 10 Reasons Not to Buy Facebook Before You Buy It Anyway David Weidner offers 10 reasons not to buy Facebook shares, though he acknowledges he won’t be able to persuade investors not to buy.
Continue reading …Price Is Right for Stimulating Action by Fed After Tuesday’s inflation report, the price is suddenly right again for the Federal Reserve to start considering more stimulus.
Continue reading …J.P. Morgan Moves to Protect Dimon J.P. Morgan closed ranks around CEO James Dimon ahead of a shareholder meeting and announced the departure of Ina Drew, a senior executive at the center of a trading blunder that has cost the bank more than $ 2 billion in losses.
Continue reading …Asia Markets: Asia markets sink as Greek exit talk stirs Asia stocks followed global markets sharply lower Tuesday amid increasing concern over a Greek exit from the euro zone, despite the region’s finance leaders declaring they weren’t considering that possibility.
Continue reading …In Facebook IPO, Frenzy, Skepticism Facebook’s coming IPO has set off a frenzy of anticipation among investors desperate to get their hands on the stock. The social network raised its price range to $ 34 to $ 38 a share, resulting in a target valuation of up to $ 104 billion.
Continue reading …JP Morgan plots Asian prime brokerage push US bank aims to replicate the model it rolled out with some success in Europe last summer
Continue reading …Motor racing-Market jitters could slow F1 IPO-source BARCELONA, May 12 (Reuters) – Renewed turbulence in global markets could put the brake on plans to float the Formula One motor racing business in Singapore next month, a source close to the deal told…
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