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Topic: Wall Street

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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.

  • 4 noteworthy new novels: What happens when a past love reappears?

    These four new novels all feature the specter of a past relationship.

  • Gas prices fact check: Six ideas in Congress, but can they work?

    Soaring gas prices have also shown a consistent and significant ability to push members of Congress over the deep end. Here's the experts' take on 6 ideas floating through Congress.

  • Top 10 richest US presidents

    Mitt Romney earned nearly $22 million in 2010. If elected, he would be in the Top 3 most wealthiest presidents. You may be surprised by who ranks among the Top 10 wealthiest US presidents.

  • 8 ways to find common ground

    Gridlock plagues Washington. Polarizing soundbytes get constant play in the 24/7 news cycle. The culture wars rage on. But these Monitor op-ed writers suggest there’s more common ground than meets the eye. Here are eight powerful perspectives on the possibilities for meeting in the middle.

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Photos of the day

05.30.12 »

What happens when ordinary people decide to pay it forward? Extraordinary change. See how individuals are making a difference...

Mae Azango has gone undercover to report on female circumcision, a rite of the Sande society in Liberia that is performed on young girls.

Mae Azango exposed a secret ritual in Liberia, putting her life in danger

When journalist Mae Azango wrote about a secret women's circumcision ritual in Liberia, she received death threats.

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