(Reuters) - The slow market for merger deals is driving big-name investment banks into combat with smaller rivals for business from companies they usually ignore.
(Reuters) - Facebook Inc's bungled initial public offering has gone from one of the most highly anticipated stock offerings to a hot legal opportunity for lawyers on both sides of shareholder litigation.
(Reuters) - The slow market for merger deals is driving big-name investment banks into combat with smaller rivals for business from companies they usually ignore.
NEW YORK (Reuters) - Stocks were little changed on Friday as investors held off on making large bets ahead of a three-day weekend as uncertainty continued to swirl over Europe.
NEW YORK (Reuters) - U.S. stocks declined slightly on Friday as warnings about Greece kept investors cautious before a three-day holiday weekend, with shares likely to drift lower into the close.
NEW YORK (Reuters) - Stocks declined slightly on Friday as warnings about Greece kept investors cautious before a three-day holiday weekend, with shares likely to drift lower into the close.
NEW YORK (Reuters) - The Dow slipped while the Nasdaq and the S&P 500 inched higher on Friday as warnings about Greece kept investors cautious before a long holiday weekend, with shares likely to drift lower into the close.
Stocks closed lower in thin trading Friday as investors hesitated to stay long over the three-day Memorial Day holiday weekend amid ongoing worries over the euro zone.
(Reuters) - Morgan Stanley <MS.N> will adjust thousands of trades to ensure outstanding limit orders to sell will be filled at no more than $42.99 a share for Facebook <FB.O> stock from last Friday's botched initial public offering, the firm told its brokers on Thursday, according to several who listened to the call.
Thursday, 24 May 2012 | Source: The Associated Press
Morgan Stanley, the lead investment bank in Facebook's troubled initial public offering, will compensate investors who overpaid when they bought Facebook's stock in Friday's IPO, according to a source familiar with the matter.
(Reuters) - The financial crisis and its aftermath have been brutal for Wall Street's richest and most powerful women. The latest casualty: Ina Drew, the head of JPMorgan Chase's chief investment office, who departed last week after the bank suffered mammoth trading losses.
(Reuters) - Morgan Stanley <MS.N> will adjust thousands of trades to ensure no limit orders will be filled at more than $43 a share for Facebook <FB.O> stock from last Friday's botched initial public offering, the firm told its brokers on Thursday, a person familiar with the call said.
NEW YORK (Reuters) - Morgan Stanley <MS.N> continues to work through trade orders placed on Friday by brokerage customers in Facebook Inc <FB.O> during the social networking company's IPO, two people familiar with the situation said on Thursday.
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