The Facebook situation is an industry issue, says Thomas Joyce, Knight Capital CEO. "Why shouldn't a competitor get a leg up because they screwed up?" he tells CNBC's Scott Wapner.
Attendees of The Sandler O’Neill Global Brokerage and Exchange Conference were abuzz in the hallways with their respective takes on Nasdaq’s $40 million proposal to address damages mounted by brokers during the initial public offering of Facebook.
The "Squawk on the Street" crew discusses the market-moving stories of the day, including a preview of Fed Chairman Ben Bernanke's testimony on Capitol Hill; China's interest rate cut; the Nasdaq's mishandling of Facebook's IPO; and a lapse of leadership at Chesapeake Energy.
Sean Parker, Airtime co-founder, weighs in on the controversial launch of Facebook's initial public offering, with CNBC's Andrew Ross Sorkin, and Laurence Fink, BlackRock chairman & CEO.
European shares were called to open higher on Thursday on fresh hopes that German and European Union officials are exploring ways to rescue Spain's debt-stricken banks, although Madrid has not yet requested assistance.
Nasdaq CEO Robert Greifeld told CNBC that the firm has been "embarrassed" by the botched Facebook IPO but the exchange has no direct responsibility to individual investors.
Nasdaq OMX Group proposed a "one-time" payout of about $40 million to compensate some financial firms that suffered losses from botched trades during the Facebook IPO.
Stocks surged more than 2 percent across the board Wednesday, with the Dow and S&P 500 logging their best one-day gains in 2012, amid growing hopes that central banks around the world will implement further measures to support the global economy.
The Fast Money traders discuss the best day of the year for the Dow and the S&P 500, and Nasdaq's plan to compensate for Facebook losses, with Harvey Pit, former SEC chairman.
Insight on Nasdaq CEO Robert Greifeld's interview on CNBC about the Facebook IPO mess, with Daryl Jones, Hedgeye; Brian Wieser, Pivotal Research Group; and CNBC's Kayla Tausche.
Robert Greifeld, Nasdaq OMX Group CEO, explains what went wrong the day of the Facebook IPO. "This clearly was a low point for us," he tells CNBC's Maria Bartiromo.
In this excerpt from a "Closing Bell" live interview, Maria Bartiromo asks Nasdaq OMX Group CEO Robert Greifeld about shareholder lawsuits over how the exchange handled Facebook's IPO.
The NYSE releases a statement on Nasdaq's Facebook plan: "Nasdaq's proposal cannot be allowed to permit an unjust and anti-competitive situation." CNBC's Kayla Tausche has the details.
Google unveiled a new version of its map technology. This comes as rumors swirl that Apple plans to replace pre-installed versions of Google maps with its own "map app," with Gene Munster, Piper Jaffray senior research analyst, and CNBC's Jon Fortt.