Stocks Markets

Insight: Who got Facebook shares? Fairness may not come into it

NEW YORK (Reuters) – A lot of loyal Facebook fans and occasional investors are discovering a hard truth this week: Money and connections talk, especially when it comes to a deal handled by Wall Street. The scramble for shares in what is one of largest initial public offerings in U.S. history quickly divided the...
Read More »

S&P on track for 5th straight day of losses

NEW YORK (Reuters) – Stocks fell on Thursday, with the SP on track for a fifth straight day of declines as weak economic data spooked investors already concerned about the ongoing situation in Europe. Both the SP and the Nasdaq fell as much as 1 percent, with the Nasdaq‘s losses wider as large-cap tech...
Read More »

Euro, stocks drop on latest euro zone fears

NEW YORK (Reuters) – The euro and world stocks declined on Thursday on concerns about the health of Spain‘s banks and the prospect of Greece leaving the euro zone. On Wall Street stocks fell after a government report showing manufacturing in the mid-Atlantic states unexpectedly contracted in May. Worries about Spanish banks resurfaced after...
Read More »

Euro, global stocks drop on latest euro zone fears

Investec full-year earnings fall

WASHINGTON (Reuters) – The White House, following a trading loss of more than $2 billion by JPMorgan, wants to ensure a tough interpretation of a regulation aimed at preventing banks from making bets with their own money, The Wall Street Journal reported on Wednesday. Citing people familiar with the matter, the report said … Article...
Read More »

Asian start-ups gain as Facebook’s Saverin looks East

Far from the Wall Street limelight, Facebook‘s co-founder Eduardo Saverin is keeping a low profile in Singapore, investing his wealth in tech start-ups while enjoying a life of luxury. The Brazilian, who set up Facebook with Mark Zuckerberg and two other friends at Harvard in 2004, has given up his dual US citizenship and...
Read More »