Topic: Thomson Reuters Corporation
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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.
All Content
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Stocks stumble after a fake tweet announced White House attack
Stocks lost and then recovered on Tuesday after a false tweet announced an attack on the White House. In a matter of minutes, the stock market declined by one percent.
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The New Economy Big drop in jobless claims: this week in the economy
A bigger-than-expected drop in jobless claims might mean the employment picture isn't as bleak as thought. But retail sales disappointed, and consumer sentiment is still gloomy.
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Stocks rise as S&P 500 extends streak
Stocks closed higher on Wall Street Friday with the Standard & Poor's 500 ending the week nearly two points higher. Investors have piled into stocks at the beginning of the year after lawmakers reached a last-minute deal to avoid the "fiscal cliff."
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Are 'fiscal cliff' woes killing Christmas sales?
In last weekend before Christmas, traditionally a strong sales period, shoppers cite worries over taxes and so-so discounts as reasons to rein in spending. Experts warn of ho-hum holiday sales.
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Hurricane Sandy: Economy should bounce back analysts say
Though hurricane Sandy will impact dozens of industries and cause billions in damages, experts say the economy should recover quickly with reconstruction after the storm.
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Hurricane Sandy will keep markets closed Tuesday
The last time the New York Stock Exchange was closed for weather was in 1985 because of Hurricane Gloria. It will be the first time since 1888 that the stock exchange closes for two consecutive days because of weather.
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Stock futures fall; Sandy shuts down US markets (+video)
Stock futures were down Monday as Hurricane Sandy shut down the major US financial markets, the first unplanned shutdown since September 2001. Stock futures on the Dow slid 99 points in premarket trading, and several companies postponed earnings reports due to Hurricane Sandy.
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Stocks down as weak earnings drag market lower
Stock prices dropped Friday after the release of poor corporate earning reports from Microsoft, General Electric and McDonald's. All 10 industry groups in the S&P 500 fell, led by materials and technology stocks.
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JPMorgan posts record earnings, lifting stocks
JPMorgan Chase and Co. posted record third quarter earnings. Shares of JPMorgan rose 1.8 percent in premarket trading, lifting US stock futures along the way.
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Isaac lashes Florida Keys: Is New Orleans next? (+video)
Isaac threatens to become a Category 2 hurricane by mid week. Louisiana governor declares a state of emergency.
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Will Tropical Storm Isaac hit Florida? (+video)
Though the media has focused on possible effects of the storm on the Republican National Convention planned to take place in Tampa beginning on Monday, others worry about flooding and damage elsewhere.
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Tropical storm Isaac: Why are Florida orange juice prices falling? (+video)
Tropical storm Isaac hit Puerto Rico Thursday and could be a Category 1 hurricane by Friday. Florida orange juice prices surged, but are now dropping as traders no longer fear a big hurricane.
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Should Michael Dell resign? Dell continues PC sales slump.
Dell CEO Michael Dell is struggling to defend the market share of what was once the world's top PC maker against Asian rivals like Acer and Lenovo, not to mention Apple. Michael Dell intends to slash nearly $2 billion in costs over the next few years.
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Stocks edge up: Apple hits record high; Facebook, record low
Stocks on the S&P 500 index are close to a four-year high while a closely watched fear index briefly touches five-year low.
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Oil prices hit three-month high. US eyes oil reserves.
Oil prices jump to $96 a barrel, the highest level since May, on improved prospects for the economy. Obama administration says tapping strategic oil reserve is an option.
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Letters that simply intrude into our words
The Monitor’s language columnist looks at the way some words gain sounds and others lose them to make them easier to pronounce.
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Aurora shooter sought help for mental illness, says lawyer (+video)
Defense lawyers for James Holmes, the former graduate student accused of murder in a Colorado movie theater shooting, say their client has a mental illness. Meanwhile, news organizations requested that files in the case be unsealed.
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Facebook's earnings disappoint investors, match predictions
In its first earnings report as a publicly traded company, Facebook indicated its growth is slowing and profit margins are smaller than last year at this time. One analyst says, 'Facebook is no Google.'
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Briefing
Libor scandal: What is it and why you should careOne bank caught trying to rig an interest rate may be tip of an iceberg. With an estimated $300 trillion in loans or derivative contracts around the world pegged to the interest rate, the scandal is again shaking faith in major international banking centers like Wall Street and London City.
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LIBOR scandal: Will Feds target not just employees, but a whole bank?
If a bank reporting its lending rates has given intentionally inaccurate numbers, that could be a crime, say experts. Prosecutors have been poring over documents related to LIBOR for two years.
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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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The Circle Bastiat 2012: The year of the junk bond
The first quarter of 2012 will go down as the most active for junk bond issuance since 1980, when Thomson Reuters began keeping track, with 130 companies floating $75 billion in debt offerings.
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The Reformed Broker Bloomberg and Reuters: The Coke and Pepsi of journalism?
Bloomberg and Reuters are not only healthy: unlike most of the journalism industry, they're growing. That’s because the two publications have something no other player in the news business does: subscription-only financial data and services that pull in billions of dollars.
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Loan forgiveness? Great, but beware the tax.
Loan forgiveness is helping indebted Americans. But the amount of the loan forgiveness can be taxed by the IRS.
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Tech stocks bask in Facebook's glow
Tech stocks related to social media, like Groupon and Zynga, see shares rise after Facebook IPO. But boost for these tech stocks could be temporary.
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