A small group of protesters showed outside Goldman Sach's annual shareholder meeting, while inside the CEO fielded questions on regulation, Europe, pay and JPMorgan's trading losses.
U.S. stock index futures climbed after briefly cutting gains Thursday as investors sifted through a batch of mixed economic reports and amid ongoing worries over the euro zone.
The owners of Getty Images, the world’s largest distributor of stock photos, video and other digital content, have retained bankers to examine a possible sale or public offering of the business they took private four years ago for $2.4 billion. The FT reports.
Monday, 21 May 2012 | Posted By:
| Source: CNBC.com
Stocks ended near highs Monday to post their best trading session in May, with the Dow and S&P 500 snapping a six-day losing streak and the Nasdaq posting its best one-day percentage gain this year, as investors snapped up beaten-down stocks.
Facebook co-founder Eduardo Saverin, under fire over the tax consequences of renouncing his U.S. citizenship, said on Thursday he is obligated to and will pay "hundreds of millions of dollars in taxes to the United States government."
Thursday, 17 May 2012 | Posted By:
| Source: CNBC.com
Facebook doesn’t need the money. And investors say the price tag almost doesn’t matter. So how do you put a price on something that many say is priceless?
Vulture capitalism: After every crisis, we learn how crafty investors cashed in while the rest of us gnawed our cuticles. Here's how you can join the lucky ones.
The JPMorgan Chase unit that lost more than $2 billion through a failed hedging strategy had looser risk controls than the rest of the bank, according to people familiar with the situation.
Wednesday, 16 May 2012 | Posted By:
| Source: CNBC.com
Facebook has seen a frenzy of demand in the run-up to its initial public offering. On Monday, the company increased the price range for shares, and 24-hours later, said it would be upping the size of the deal by roughly 25 percent.
As Wall Street's biggest hedge fund managers and top bankers flocked to a charity gala in New York Monday night, the buzz was all about JPMorgan's Jamie Dimon and his firm's disastrous trading losses.
Monday, 14 May 2012 | Posted By:
| Source: CNBC.com
Stocks closed sharply lower across the board Monday, with the S&P 500 breaking below the closely-watched 1,340 level, as worries over Greece's potential exit from the euro zone and fears over a slowdown in China kept investors on edge.
Friday, 11 May 2012 | Posted By:
| Source: CNBC.com
Stocks faded in the final hour of trading to close mixed Friday, with major indexes logging a second weekly decline, pressured by news of JPMorgan's trading loss and amid ongoing worries over the euro zone.
Facebook and Morgan Stanley, the lead underwriter of social networking company's IPO, were sued by shareholders who claimed the defendants hid Facebook's weakened growth forecasts ahead of its offering... Read More
As regulators scrutinize Facebook's problem-plagued stock market debut, they may have to confront areas of securities law that do not always clearly spell out what industry analysts are allowed to tell clients about companies on the verge of going public.... Read More
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.... Read More
In the run-up to Facebook's spacer $16 billion IPO, Morgan Stanley, the lead underwriter on the deal, unexpectedly delivered some negative news to major clients: The bank's consumer Internet analyst, Scott Devitt, reduced his revenue forecasts for the company.... Read More