Jacob Frenkel, former Federal prosecutor, provides perspective on regulators investigating whether Morgan Stanley shared negative news with institutional investors before Facebook stock began trading on Friday.
The benefits from reverting to the drachma would occur only after a very painful period of high and rising unemployment, falling government revenues and decreasing economic output. The idea that increased revenues from more tourists would make up for this is alarmingly naive.
As the controversy around the Facebook IPO grows, regulators say they will look into it; Moody’s lifts Ford’s credit rating; Dell shares slide after earning; Yahoo charts a new direction.
European shares were called to open lower sharply lower on Wednesday as investor caution replaced hope ahead of an unofficial European Union summit in Brussels to discuss policy responses to the euro zone crisis.
Allowing high-frequency computer traders into the stock market is like letting “rats in the granary,” Warren Buffett’s right-hand man said in an exclusive CNBC interview.
Stocks erased most of their gains to finish flat Tuesday following reports that former Greek Prime Minister Lucas Papademos said preparations for Greece's exit from the euro zone are being considered.
The National Cable and Telecom show is all about the convergence of content, distribution and technology, and today I had the pleasure of moderating a panel at NCTA's annual show that addressed all those issues.
There are plenty of reasons Facebook's IPO had a disappointing debut on Friday, but new information is emerging on why the stock selloff nearly turned into a run on Monday.
"When all the parties to a transaction are greedy, this is the kind of outcome you can expect," the leader of the Vanguard Group said of the Facebook IPO.
Discussing Morgan Stanley's early cut on Facebook's estimates before its IPO, with Michael Mullaney, Fiduciary Trust CIO; Francis Gaskins, IPODesktop.com president/editor; and the "Closing Bell" crew.
CNBC's Brian Shactman describes Facebook's first day of trading play by play. Jeffrey Sonnenfeld, Yale School of Management and Gary Burnison, Korn/Ferry International CEO, discuss why they are awaiting a statement from Mark Zuckerberg.
While trading glitches at the Nasdaq on the company’s opening day are widely seen as contributing to the sell-off, the stock’s lingering shortcomings are raising questions about whether or not lead underwriter Morgan Stanley (along with other banks) misgauged the demand, and the price of the deal.
General Motors announced it would stop paying for advertising on Facebook and rely on the site's free content, just before Facebook's IPO. CNBC's Phil LeBeau offers insight and discusses Ferrari's big fail.