Claims by four of Wall Street's main market makers against Nasdaq over Facebook's botched IPO are likely to exceed $100 million, as they and other traders continue to deal with thousands of problems with customer orders. Read More
Facebook suddenly spikes at the close on a surge in volume, ending above $33. Yesterday (Wednesday) it's up almost exactly $1, today it's up almost exactly $1. Looks like suddenly FB has acquired a friend of the court, doesn't it? Who could that be? Read More
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
The Bank of Greece is due to update its website any day now with an Excel spreadsheet revealing the aggregate balance sheets of Greece's monetary and financial institutions. It will be the clearest indicator yet of the health — or lack thereof — of Greece's banking system. Read More
Successful startup search engine DuckDuckGo is proving to Google, Facebook, and other Internet giants that being a big fat bird on the wire is no longer beautiful. Read More
General Electric’s $4.5 billion “special dividend” — to be paid from GE Capital to the parent company — will be used entirely for buybacks, GE Chairman and CEO Jeff Immelt told investors at an industry conference Wednesday. Read More
Markets in Europe surprised many by rallying despite bad economic news and gloom over Greece. Unconfirmed talk about central bank intervention may be behind the rally. Read More