RefBan

Referral Banners

Yashi

Wednesday, May 23, 2012

Reuters Money: Facebook, banks sued over pre-IPO analyst calls

Reuters » Money 2012
Click to View in Browser
05/23/2012
Reuters Election 2012 Daily round-up of the day's top news from the campaign trail, the White House and all the politics in between
Facebook, banks sued over pre-IPO analyst calls
(Reuters) - Facebook Inc and banks including Morgan Stanley were sued by the social networking leader's shareholders, who claimed the defendants hid Facebook's weakened growth forecasts ahead of its $16 billion initial public offering.
Fame does not always bring fortune, records show
LONDON (Reuters) - Welsh poet Dylan Thomas left a pittance when he died, Winston Churchill bequeathed a small fortune to his wife Clementine and "The Tale of Peter Rabbit" author Beatrix Potter gave almost all her land to the nation.
The governments' man when creditors bay
NEW YORK (Reuters) - If any other European countries were to follow Greece into a debt default, Athens can recommend a lawyer.
Burberry targets super rich with bigger stores
LONDON (Reuters) - British luxury brand Burberry hopes to insulate itself against global economic headwinds by investing in bigger stores in major cities such as London, Chicago and Hong Kong that are popular both with tourists and the super rich.
Analysis: Did banks cross the line in Facebook research calls?
NEW YORK (Reuters) - 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.
Macy's dips toe in China market via online deal
(Reuters) - Macy's Inc said on Wednesday it will start selling some items in its private brand assortment directly to shoppers in China through a deal with a new online retailer there.
European shop investment lowest since Lehman failed
LONDON (Reuters) - Worsening political and economic turmoil in the euro zone has knocked investment in Europe's shopping centers and stores to its lowest level since the collapse of Lehman Brothers investment bank in 2008, data showed.
MetLife Americas expects "nicely higher" 2012 profit
(Reuters) - MetLife Inc's Americas business should report "nicely higher" operating earnings for 2012 than for 2011, the unit's president said on Wednesday.
Regulators, investors turn up heat over Facebook IPO
(Reuters) - Two top U.S. financial regulators said on Tuesday the issues around the initial public offering of Facebook should be reviewed, putting fresh pressure on the company, its lead underwriter, Morgan Stanley, and the Nasdaq stock exchange.
Canaccord has loss on lower revenue, higher costs
TORONTO (Reuters) - Canaccord Financial Inc reported a fiscal fourth-quarter net loss on Wednesday, hurt by lower revenues from its trading and investment banking businesses, and higher costs tied to restructuring and acquisition-related items.
Related Video
Buying second hand is big business
Grads turn to video to land first job
Business News
Greek concern takes Wall Street down, Dell weighs
Facebook, banks sued over pre-IPO analyst calls
SUBSCRIBE TO OTHER REUTERS NEWSLETTERS
 Counterparties
The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day. Register Today  
Reuters Business Today
A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. Register Today  
» MORE NEWSLETTERS
- 3 Times Square New York, NY 10036 USA © Copyright 2010 Thomson Reuters
Ensure delivery of Reuters Newsmails, add mail@nl.reuters.com to your address book. Details
Subscribe to other Reuters newsletters.
Unsubscribe from this newsletter.
Follow us on Twitter facebook Friend us on Facebook Forward this newsletter to a friend Forward to a friend

No comments:

Yashi

Chitika