Topic: Morgan Stanley
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Facebook IPO: Six key dates in its debacle
Facebook's first week as a publicly traded company will go down as a terribly botched corporate launch, perhaps one of the worst in recent history for such a highly visible entity. Eight days ago, it was the tech world's most highly anticipated initial public offering in eight years. Now, the social media company faces mounting legal woes and serves as an embarrassing example of how not to run an IPO. Despite rising insider pessimism about its growth prospects, Facebook kept boosting its asking price and the number of shares it would sell. The result: billions of dollars in losses; investigations by two congressional committees, the Securities and Exchange Commission (SEC), an industry watchdog, and the state of Massachusetts; at least 13 class-action lawsuits; and thousands of resentful shareholders who days later still were unsure how many Facebook shares they had or at what price. Here are six key dates in Facebook's unfolding IPO disaster.
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European debt crisis: Seven basics you need to know
Will this crisis ever be over?! Eurozone nations seem to be fighting endless battles to address fears about government finances. The worry is that unsustainable national debt loads will result in default, a financial panic, or a costly repair effort. Here's what you need to know about the problem and possible ways forward.
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Stock market jitters: Eight reasons investors are on edge
Stock markets have been swinging wildly of late. Even though corporate earnings have shown strength over the past year and not all economic indicators have been gloomy, investors are on edge. Uncertainty looms on several fronts – from concerns about the basic health of the economy to doubts about fiscal policies in the United States and Europe. Here's a look at the forces weighing on investors' outlook:
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Top 4 tips to keep your broker honest
Maybe individual investors can’t fix the broad regulatory breakdown that has allowed financial frauds to occur, like dodgy mortgage-backed securities and Bernie Madoff’s pyramid scheme. But they can take steps to protect themselves against unscrupulous financial advisers. Knowledge is the best weapon. The more investors know, the less likely they are to be taken advantage of by a dishonest broker. Here are four ways you can ensure your broker is following the rules:
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National debt ceiling 101: Is a crisis looming?
In a year of high drama over federal budgets, the nation’s so-called national debt ceiling is becoming a prominent part of the political debate. The Treasury is close to hitting this borrowing limit, yet many in Congress say the ceiling shouldn’t be raised without new commitments to put America on a path of fiscal prudence. Here’s a guide to how the ceiling works and what’s at stake for the economy.
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US Treasury bond yields hit record low as eurozone worries mount
A decline in global stock prices Wednesday shows that many investors are taking sanctuary in US Treasury bonds, anticipating major convulsions in the eurozone – and perhaps its breakup.
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Facebook stock drops below $29 (+video)
Facebook stock falls 9.6 percent to close at $28.84. In its first seven days of trading, Facebook stock has lost nearly a quarter of its value.
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Facebook IPO: Six key dates in its debacle
Facebook's first week as a publicly traded company will go down as a terribly botched corporate launch, perhaps one of the worst in recent history for such a highly visible entity. Eight days ago, it was the tech world's most highly anticipated initial public offering in eight years. Now, the social media company faces mounting legal woes and serves as an embarrassing example of how not to run an IPO. Despite rising insider pessimism about its growth prospects, Facebook kept boosting its asking price and the number of shares it would sell. The result: billions of dollars in losses; investigations by two congressional committees, the Securities and Exchange Commission (SEC), an industry watchdog, and the state of Massachusetts; at least 13 class-action lawsuits; and thousands of resentful shareholders who days later still were unsure how many Facebook shares they had or at what price. Here are six key dates in Facebook's unfolding IPO disaster.
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Facebook lawsuits: Did all shareholders get same data in IPO?
Facebook lawsuits charge that banks in charge of IPO didn't share company information with all shareholders. In addition to Facebook lawsuits, two congressional committees are also investigating the IPO.
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Facebook struggles as lawsuits loom
The stock climbed a dollar on Wednesday, but it is still 16 percent below its IPO price last Friday.
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Facebook stock: Once hot IPO now a tale of lawsuits, glitches, and overreach (+video)
Facebook stock is trading well below its initial offering price. The IPO is being viewed as a debacle for the firm and its investment backers, and the lawsuits have already begun.
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Facebook stock still slipping as investors grow wary
The company has slipped to $91 billion in total valuation from its opening at $104 billion.
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The Daily Reckoning
Leave Facebook's Eduardo Saverin alone
Eduardo Saverin's timely renunciation of his American citizenship is no reason to keep him out of the US. People should be able to move where they want, when they want, for any reason.
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Facebook stock falling again. What went wrong?
Facebook stock fell 7 percent in early trading Tuesday, after an 11 percent fall Monday. In challenging market environment, selling IPO of Facebook stock is like 'trying to get a jumbo jet to take off in turbulent weather.'
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Stocks climb, breaking losing streak
Apple stock soared, helping propel major US stock indexes to gains after a solid week of losses. The Dow Jones rose 135 points to close at 12504.
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Facebook stock falls 11 percent in second trading day
Facebook shares close down $4.20 in Monday trading. Facebook stock dropped so much Monday morning that 'circuit breakers' kicked in to restrict sell orders.
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Facebook shareholders selling more shares
Facebook stockholder and hedge fund Tiger Global has decided to sell more than 23 million shares, up from 3.4 million a day earlier. Other big sellers of Facebook shares include Goldman Sachs, a Russian billionaire, and two Facebook insiders.
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JP Morgan chief apologizes for $2 billion loss
Jamie Dimon, the CEO of the bank, told shareholders that the loss should have never happened.
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JPMorgan Chase's Dimon survives pay, chairmanship votes (+video)
JPMorgan Chase shareholders voted Tuesday at the bank's annual meeting to keep CEO Jamie Dimon in his role as chairman of the board, in addition to his pay package.
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Ina Drew retiring after JPMorgan losses. Will she get $14.7 million?
Ina Drew, at the center of JPMorgan's stunning loss, was among its highest-paid executives. Proxy statement says Ina Drew would be entitled to nearly $14.7 million if she met 'full-career eligibility.'
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The Reformed Broker
Facebook stock: Why you can't have any
Facebook stock will be impossible to get unless you have a portfolio worth millions. There likekly won't be enough shares of Facebook stock for individual investors to partake.
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Stock market gets boost from earnings, Germany
Stock market futures in US as well as exchanges across Europe buoyed by German business optimism, US earnings. German stock market up 1 percent.
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Stocks fall despite US company profits
The Dow fell 68 points to close at 12964 as a slew of US companies announced big profits Thursday, but investors spooked about the economy sold stocks anyway.
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The Reformed Broker
Morgan Stanley's turnaround
Morgan Stanley should be commended for their earnings in the first quarter, even at a loss, but investors should still beware of Morgan Stanley.
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US stocks plunge; Dow down 124
US stocks suffered their worst losses in a month amid renewed worry over European debt. US stocks on the Dow lost 124 points to close at 13074.
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Stocks fall on gloomy Fed forecast
Federal Reserve policymakers said they were worried about a slowdown in hiring, pushing down stocks and Treasury prices. The Dow fell 64 points to close at 13199.
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Oil prices edge down toward $106 a barrel
Oil prices slip as investors eye slowing economic growth and risk of supply disruptions because of Iran impasse. An Australian bank forecasts oil prices will stay above $100 a barrel through 2012.
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BP faces billions in fines as spill trial nears
The huge legal bill for the catastrophic 2010 oil spill in the Gulf of Mexico is coming due for BP as a federal trial opens Monday to determine the company’s liability for the blowout of its Macondo well.
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The Reformed Broker
Big brokerage firms aren't paying attention to their clients
As financial firms become bigger and bigger, they are focused on corporate profitability over the satisfaction of their brokers and clients.
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The Reformed Broker
How to buy and sell Facebook stock
I have no idea how brokers will parcel out the meager amount of Facebook shares they get, but if I were a broker, this is how I'd sell Facebook.








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