Conflict-of-interest arguments are brewing about whether Morgan Stanley and other banks were allowed to make significant downward adjustments to Facebook's financial estimates during the deal's 9-day marketing period. Read More
Citadel Securities is the latest firm to report “significant losses” from Facebook trades on behalf of clients, according to people familiar with the situation. Read More
America's love for bacon has reached a fever pitch in the past few years and now, this bacon mania has spawned a new trend: Bacon tourism. You can pretty much eat your way across America all year long, from one sizzling bacon festival to another! Grab a cooler — or three or four — it's a porcine tour of America, with one off-the-beaten path stop in ... Iceland?! Read More
The financial services industry appears to be in a permanent state of turmoil, with damaging headlines appearing almost daily. So perhaps it’s not surprising that for the first time ever, not one financial services firm is among the top 20 Best Companies for Leadership. Read More
Many confuse crowdfunding campaigns as fundraising efforts, because they call on the general public for support. Here's why they are more akin to consumer marketing efforts. Read More
Demand to borrow Facebook shares for shorting has increased, with nearly 8 percent of the stock out on loan, according to financial data company Data Explorers. Read More
She steered clear of any controversial issues -- no talk about the Nasdaq or the stock price. She talked quite a lot about working with CEO Mark Zuckerberg and the premium both of them place on honesty and clear, simple communication. Read More
Despite Facebook’s trading flop, underwriters on the deal, led by Morgan Stanley, are in line to turn a potentially substantial profit through a trading mechanism designed to stabilize the share price, according to people familiar with the matter. Read More