Morgan Stanley (NYSE: MS) cuts revenue forecasts for Facebook (NASDAQ: FB) just ahead of its IPO. (Reuters) The U.S. allows China to buy treasuries directly without banker assistance. (Reuters) MF Global paid Jon Corzine $8 million…
There is one M&A transaction which is flying under the radar today and the reality is that shouldn’t get lost in the shuffle. Dalian Wanda Group out of China is acquiring the great U.S.…
Alibaba buys back a 20% share held by Yahoo! (NASDAQ: YHOO) for a combination of cash and preferred shares worth $7.1 billion. (Reuters) The heads of Samsung and Apple (NASDAQ: AAPL) will discuss a settlement…
Facebook, Inc. (NASDAQ: FB) has been a significant debut, and it has had some surprises even if we are about as sick of hearing this name as one could imagine. After pricing about 421…
Intelsat Global Holdings S.A. has just filed for an initial public offering in a form F-1 filed with the Securities & Exchange Commission. No financial terms were set but the satellite communications outfit plans…
courtesy Facebook Inc.Facebook, Inc. (NASDAQ: FB) is finally public. After pricing about 421 million shares at $38.00, the company raised $16 billion without taking into consideration the green-shoe or overallotment option for the underwriters. …
G8 leaders will seek solutions to the EU crisis. (Reuters) The Facebook IPO, priced at $38, will raise $16 billion. (Reuters) A new poll shows Greeks favor pro-bailout leaders who will keep the country…
Video game retailer GameStop Corp. (NYSE: GME) reported earnings this morning, and there were really no big surprises. The company had already said EPS would be $0.54. Revenues were a bit light, at $2…
The European Central Bank no longer offers help to Greek banks it believes are insolvent. (Reuters) Some brokerage firms stop taking orders for Facebook shares. (Reuters) Japan’s gross domestic product rises 3.5% in the…
SINA Corp. (NASDAQ: SINA) is surging this morning after the company’s user base reached the 300 million registered user mark last quarter. The company’s Weibo microblogging site (A Chinese look-alike of Twitter) now claims to have…
The number of shares Facebook will sell rose 25% and the company could raise as much as $16 billion. (Reuters) Greeks take hundreds of millions of dollars out of banks there and the government…
Groupon, Inc. (NASDAQ: GRPN) had what turned out to be a stellar earnings report. Shares rose handily on Monday as short sellers got out of the way and also as speculators were hoping that…
Zynga Inc. (NASDAQ: ZNGA) gets a jolt every time Facebook Inc. makes the headlines. Today’s headline is that the soon-to-be-public social media company will raise its IPO range from $28-$35 to $34-$38. Zynga’s popular…
courtesy Facebook Inc.It seems as though almost everyone wants a piece of the Facebook IPO. The social networking giant is set to come public this Friday in what will be one of the most…
The president of Greece cannot create a coalition government. (Reuters) Sony (NYSE: SNE) and Panasonic may force a partnership to build OLED TVs. (Reuters) Trouble at Chesapeake Energy (NYSE: CHK) may prompt low-ball bids…