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. ...
01:02 AM, Mar 20, 2013
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. ...
08:55 PM, Mar 05, 2013
Social networking giant Facebook Inc will replace Indian software major Infosys Ltd to become a part of the Nasdaq-100 index from Wednesday. ...
07:32 AM, Dec 12, 2012
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. ...
12:20 PM, Dec 05, 2012
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. ...
03:20 PM, Nov 25, 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 it will be the first time since 1888 that the exchange will have been closed for two consecutive days because...
12:18 AM, Oct 30, 2012
Bangalore: Facebook Inc's shares headed towards their biggest one-day 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 20 per cent at $23.61 in late morning trade. The stock was the top per centage gainer on the...
12:21 AM, Oct 25, 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 for the first time, a day after the expiration of a lock-up period, which has provided early investors and...
02:07 PM, Aug 18, 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 Thursday, the company's poor quarterly performance dragged down its share by over 8 per cent. It had announced net...
09:46 PM, Jul 27, 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 been finalized, the report said, citing sources. Nasdaq is working with the US Securities and Exchange Commission on a...
11:34 AM, Jul 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 are no public offerings scheduled this week. Of course, thanks to the European debt crisis, financial markets haven't...
12:01 PM, Jun 22, 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 the District Court for the Southern District of New York as early as Friday, will provide some perspective on...
01:17 PM, Jun 15, 2012
New York: The drastic fall in the share price of Facebook has significantly eroded the personal wealth of its 28 year-old co-founder 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 the company went public as investors have dumped the stock amid concerns over growth prospects of the social networking giant,...
09:04 AM, Jun 11, 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 minutes last Friday. Many client orders were delayed, leading to significant losses to some investors and traders as the...
10:48 AM, 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 and the Nasdaq OMX Group Inc face claims that they short-changed investors. Besides fighting off claims by Facebook shareholders,...
03:39 AM, 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 Group Inc and Citadel Securities, which each had losses of $30 million to $35 million. UBS AG, the other...
12:24 AM, May 26, 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 on Friday and many client orders were delayed, giving some investors and traders significant losses as the stock price...
06:31 AM, May 25, 2012
Congressional committees are holding briefings, and a group of shareholders has filed suit against the social networking giant. ...
10:11 AM, May 24, 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 question that matters: How much money will Facebook earn over the next several years, and is that enough to...
09:43 AM, May 23, 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 now trading down 17.1 percent down from their $38 IPO price. The shares are down 30 per cent from...
07:30 PM, May 22, 2012
