NASDAQ

  • Nasdaq to compensate firms on December 31 for botched Facebook IPO December 28, 2013

    New York: Nasdaq OMX Group will compensate firms on December 31 for qualifying claims related to Facebook's botched May 2012 initial public offering, the exchange operator said in a note to traders on Friday. Nasdaq said previously it would pay up to $41.6 million in claims to market participants that lost...
  • Twitter expected to begin investor roadshow on Oct 28, picks NYSE for IPO October 16, 2013

    San Francisco: Twitter Inc revealed on Tuesday a tripling in quarterly losses as it prepares to list on the New York Stock Exchange in one of the year's most anticipated IPOs. The online messaging service's decision to go with the older exchange deals a blow to the techheavy Nasdaq, which...
  • Technical glitch halts Nasdaq trading for three hours August 23, 2013

    A mysterious glitch halted trading on the Nasdaq for three hours on Thursday in the latest major electronic breakdown on Wall Street, embarrassing the stock exchange that hosts the biggest names in technology, including Apple, Microsoft and Google. The problem sent brokers racing to figure out what went wrong and raised...
  • Anna Hazare to ring bell at NASDAQ, to lead ID parade in New York City August 13, 2013

    Indian Americans are preparing to throw a redcarpet welcome to anticorruption crusader Anna Hazare, during his twoweek visit to the US, a kind of welcome, which has not been seen for a nonpolitician from India in recent times. During his stay in the US, Hazare is scheduled to criss cross the...
  • US SEC fines Nasdaq $ 10 mn for Facebook IPO mess May 29, 2013

    Washington: Nasdaq OMX on Wednesday agreed to pay $10 million, the largest penalty ever levied against a stock exchange, to settle civil charges stemming from mistakes it made during Facebook's initial public offering last year, the US Securities and Exchange Commission said. The SEC said that Nasdaq's series of "illfated decisions"...
  • iGate faces unsettled tax demands worth Rs 738 crore May 26, 2013

    New Delhi: After WNS and Infosys, iGate is the latest to face tax issues in India with the USbased outsourcing firm having an "unsettled" tax demand of USD 132.7 million (about Rs 738 crore) for assessment years 200405 to 200910. iGate, which was in news for sacking of its chief executive...
  • Wall Street drops on uncertainty about Cyprus March 20, 2013

    New York: US stocks fell on Tuesday on uncertainty about how Cyprus will avoid a bankruptcy and possible reverberations in the euro zone as the region struggles to emerge from economic crisis. Cyprus' parliament rejected a tax on bank deposits as a condition of an international bailout. Banks in Cyprus will remain...
  • Dow sets record highs as rally continues March 5, 2013

    New York: The Dow rose to record highs on Tuesday, breaking through levels last seen in 2007 as investors extended 2013's rally. Shortly after the opening bell, the Dow rose above 14,198.10, the intraday all-time high reached in October 2007, when the world was heading toward the financial crisis. If the...
  • Facebook to replace Infosys on Nasdaq100 index today December 12, 2012

    New York: Social networking giant Facebook Inc will replace Indian software major Infosys Ltd to become a part of the Nasdaq100 index from Wednesday. Facebook will replace Infosys Ltd on the index. The Facebook stock has lost a significant value since its much hyped public listing in May 2012. Facebook Inc, headquartered...
  • Facebook to replace Infy on Nasdaq 100 from Dec 12 December 5, 2012

    New York: Social networking giant Facebook Inc is all set to replace Indian software major Infosys Ltd to become a part of the Nasdaq 100 index from December 12. According to Nasdaq, "Facebook Inc will become a component of the NASDAQ100 Index, the NASDAQ100 Equal Weighted Index, and the NASDAQ100...
  • BSE remains world's top exchange November 25, 2012

    New Delhi: Leading bourse Bombay Stock Exchange has extended its lead as the world's top exchange in terms of the number of listed companies, outpacing the major global peers like NYSE, Nasdaq and London Stock Exchange by almost 100 per cent. The BSE had a total of 5,174 companies listed...
  • Hurricane Sandy will keep financial markets closed today October 30, 2012

    New York: Stock trading will be closed in the US for a second day Tuesday as Hurricane Sandy bears down on the East Coast. Bond trading will also be closed. The last time the New York Stock Exchange was closed for weather was in 1985 because of Hurricane Gloria, and...
  • Facebook wins back friends on Wall Street, shares soar October 25, 2012

    Bangalore: Facebook Inc's shares headed towards their biggest oneday jump on Wednesday after the company reported a surprising rise in mobile advertising, easing concerns it was having trouble capitalizing on soaring use of smartphones and tablets. Facebook shares, sold for $38 each in their initial public offering in May, were up...
  • Facebook stock crash: Key highlights August 18, 2012

    Facebook Inc has had a rocky initial public offering of stock. There were trading glitches on its first day of trading and concerns since then about Facebook's revenue potential. Facebook also is facing dozens of lawsuits from disgruntled shareholders. On Friday, its stock fell 50 per cent below its IPO price...
  • Facebook stock falls 15 pc following weak results July 27, 2012

    New York: Shares of Facebook fell about 15 per cent on Friday, a day after it reported loss in earnings for the three months ended June 2012. In the first hour of the trade the stock plunged by as much 14.99 per cent to a low of $22.77 on NASDAQ. On...
  • Nasdaq to unveil Facebook compensation plan next week July 22, 2012

    New York: Nasdaq OMX Group Inc plans next week to release its compensation plan for firms that lost money in the bungled Facebook initial public offering, the FOX Business channel reported. The deal being discussed will be all cash, and likely more than the $40 million originally proposed, though nothing had...
  • Life after Facebook's IPO June 22, 2012

    New York: It's been a month since Facebook's IPO fell flat and in that time, the market for initial public offerings has collapsed. No company has gone public since May 18, compared with 19 in the same period a year ago. Fourteen offerings have been withdrawn or delayed, according to Dealogic. There...
  • Facebook may blame Nasdaq for botched IPO June 15, 2012

    Bangalore: Facebook is set to file a motion to consolidate all the shareholder lawsuits against the social network site, and is expected to place some blame on the Nasdaq for its botched IPO when it files the motion, the New York Times reported Thursday. The document, which could be filed in...
  • Mark Zuckerberg's wealth down $4.5 bn June 11, 2012

    New York: The drastic fall in the share price of Facebook has significantly eroded the personal wealth of its 28 yearold cofounder Mark Zuckerberg by a massive USD 4.5 billion in just three weeks. Zuckerberg's fortune has declined to USD 11 billion from USD 15.5 billion on May 18 when...
  • Facebook's market maker losses may top $115 mn May 26, 2012

    New York: Four of Wall Street's major market makers involved in Facebook's botched initial public offering last Friday expect their losses from technical glitches on Nasdaq's exchange to be around $115 million. A software error on Nasdaq OMX Group Inc's US exchange delayed the social networking company's market debut by 30...
  • Botched Facebook IPO set to benefit lawyers May 26, 2012

    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. Court battles over the fizzled IPO could run for years, as the social networking company, the banks that took it public...
  • Citi unit lost $ 20 mn in Facebook IPO: Source May 26, 2012

    New York: Citigroup Inc's Automated Trading Desk had trading losses of about $20 million from Facebook Inc's botched initial public offering on Nasdaq OMX Group Inc's US exchange, a source with knowledge of the situation said on Friday. The unit's losses were in addition to claims by market makers Knight Capital...
  • Facebook market makers' losses total $100 mn May 25, 2012

    New York: 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. A technical glitch delayed the social networking company's market debut by 30 minutes...
  • Facebook IPO under scrutiny, was it overvalued? May 24, 2012

    Congressional committees are holding briefings, and a group of shareholders has filed suit against the social networking giant. ...
  • Why Facebook still doesn't look cheap May 23, 2012

    New York: If you were thinking of picking up a few shares of Facebook last week, when it went public at a price of $38, you might be seriously tempted now that the stock has fallen $7 in two days. But forget the dramatic drop. Investors should focus on the only...
  • Facebook shares fall as valuation doubts rise May 22, 2012

    New York: Shares of Facebook fell again at the open on Tuesday as doubts about the company's valuation increased after Reuters reported that underwriters cut their revenue forecasts for the social networking site shortly before the IPO. Facebook's shares hit a low of $31.73, 7.4 percent below Monday's close, and are...
  • Facebook's IPO debut worsens, shares sink 11 pc May 22, 2012

    Facebook shares sank 11 per cent in the first day of trading without the full support of the company's underwriters, leaving some investors down almost 25 percent from where they were Friday and driving others to switch back to more established stocks. Facebook's debut was beset by problems, so much so...
  • Facebook stock down on day two May 21, 2012

    New York: Facebook's stock is tumbling well below its $38 IPO price in the social network's second day of trading as a public company on Monday. Investors and technology industry watchers are closely tracking the Menlo Park, Calif.based company's shares. The world's largest online social network was one of the most...
  • Nasdaq 'embarrassed' at Facebook delay: Reports May 21, 2012

    New York: The CEO of the Nasdaq stock exchange says it is "humbly embarrassed" by its bungling of Facebook's hugely anticipated debut as a public company on Friday. Robert Greifeld tells news media there's no indication the delay contributed to the underwhelming performance of Facebook's stock, which ended at $38.23 ...
  • Mark Zuckerberg's status update: married May 20, 2012

    New York: Facebook's billionaire founder Mark Zuckerberg capped an extremely eventful week with a surprising update about his relationship status he married his long time girlfriend Priscilla Chan in a private ceremony. The unexpected news about his marriage to 27yearold Chan, who recently graduated from medical school in San...