Market News Stories

SAN FRANCISCO (Reuters) – The fallout from Facebook Inc‘s messy initial public offering widened on Wednesday as shareholders sued the social network and its bankers while a trading firm revealed a massive loss on the shares and threatened to seek … Continue reading →

Washington, May 24 (ANI): Investors have sued Facebook and its Wall Street advisers over claims that the social media giant misled them about the company‘s business prospects before its record flotation. The investors filed two lawsuits on Wednesday following allegations … Continue reading →

(Reuters) – Morgan Stanley and other underwriters have made a profit of about $100 million stabilizing Facebook stock since trading began on Friday, the Wall Street Journal said, citing people familiar with the matter. Facebook’s listing, envisioned as a crowning … Continue reading →

(Reuters) – Morgan Stanley and other underwriters have made a profit of about $100 million stabilizing Facebook stock since trading began on Friday, the Wall Street Journal said, citing people familiar with the matter. Facebook’s listing, envisioned as a crowning … Continue reading →

NEW YORK (Reuters) – Stocks rose on Tuesday, led by financial and housing shares, after home resales rose in April to their highest annual rate in nearly two years in another sign that the housing market may be on the … Continue reading →

NEW YORK (Reuters) – Stocks rose on Tuesday, led by financial and housing shares, after home resales rose in April to their highest annual rate in nearly two years in another sign that the housing market may be on the … Continue reading →

(Reuters) – Fidelity Investments and other big mutual fund families that were early backers of Facebook Inc are likely still winners despite the social network’s troubled stock market debut. Facebook shares were priced at $38 per share in its initial … Continue reading →

NEW YORK (AP) — Forget Facebook. This is still Apple‘s stock market. Apple — the world’s most valuable company — climbed nearly 6 percent on Monday, helping propel major U.S. stock indexes to gains after a week of losses. The … Continue reading →

NEW YORK (AP) — A federal prosecutor accused former Goldman Sachs board member Rajat Gupta on Monday of feeding inside investment tips to a corrupt hedge fund manager, while Gupta’s lawyer told a jury his relationship between the Wall Street … Continue reading →