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Nasdaq CEO ‘Embarassed’ by Glitches During Facebook’s IPO

Nasdaq CEO ‘Embarassed’ by Glitches During Facebook’s IPOEMMANUEL DUNAND/AFP/GettyImages(NEW YORK) -- The chief executive of the Nasdaq stock market admits he was “embarrassed” by what happened on Friday when trading glitches led to doubts about the market’s ability to handle hot IPOs. Nasd...

Facebook Shares Plunge Below IPO Price

Facebook Shares Plunge Below IPO PricePeter Foley/Bloomberg via Getty Images(NEW YORK) -- Shares of Facebook plunged below its IPO price and previous close, opening down 11 percent to $33.83 on Monday morning.Facebook stock closed at about $38.23 on Friday evening, only slightly above its ...

Former Facebook Employees: Company Celebrates New Ideas, Not New Wealth

Former Facebook Employees: Company Celebrates New Ideas, Not New WealthFacebook(NEW YORK) -- Facebook’s stock market debut seems to be creating a frenzy everywhere but at Facebook.Shares closed at $38.23 after fluctuating between $40 and $42 for most of the day.  Gizmodo reported shares were trading at a record...

Facebook IPO Fizzles; Dow Extends Losing Streak

Facebook IPO Fizzles; Dow Extends Losing StreakZef Nikolla/Facebook(NEW YORK) -- The much anticipated Facebook IPO couldn't help stocks Friday. It was a bad end to a dead-end week on Wall Street.The Dow closed down 59 points at 12,383 -- its 12th day of losses in 13 trading sessions. The Nasdaq los...

Facebook IPO: Nasdaq ‘FB’ Stock Opens Trading

Facebook IPO: Nasdaq ‘FB’ Stock Opens TradingEMMANUEL DUNAND/AFP/GettyImages(NEW YORK) -- After some technical hiccups, trading in Facebook's blockbuster IPO officially opened to an eager public Friday at about $42.05 a share, but the price dropped below $40, lower than what many analysts expecte...

Facebook CEO Mark Zuckerberg Ushers in Historic IPO

Facebook CEO Mark Zuckerberg Ushers in Historic IPOZef Nikolla/Facebook(MENLO PARK, Calif.) -- After some technical hiccups, trading in Facebook's blockbuster IPO officially opened to an eager public Friday at about $42 a share, up 11 percent from its offer price of $38 a share. Mark Zuckerberg, CEO an...

U2′s Bono to Overtake Paul McCartney as World’s Wealthiest Rock Star

U2′s Bono to Overtake Paul McCartney as World’s Wealthiest Rock StarMichael Tran/FilmMagic(NEW YORK) -- Paul McCartney may be about to be surpassed as the wealthiest rock musician in the world by U2 frontman Bono.  NME.com reports that the Irish rocker, who owns a 2.3 percent stake in Facebook, is expected to see ...

Stocks Continue to Slide as Troubles Persist in Europe

Stocks Continue to Slide as Troubles Persist in EuropeHemera Technologies/Thinkstock(NEW YORK) -- Worry over the shaky situation in Europe forced the markets down again Thursday. The Dow had its 11th loss in 12 days, closing down 156 points at 12,442. The Nasdaq gave up 60 to close at 2,813, and the ...

Facebook IPO: $38 Shares Biggest Tech Offer

Facebook IPO: $38 Shares Biggest Tech OfferJustin Sullivan/Getty Images(NEW YORK) -- Facebook announced Thursday that its initial public offering of common stock will be priced at $38 a share, valuing the company at $104 billion, the largest for a U.S. tech company.As media and investor interes...

TD Ameritrade Shies Away from Political Spotlight

TD Ameritrade Shies Away from Political SpotlightChris Machian/Bloomberg News(WASHINGTON) -- Kim Hillyer, director of communications and public affairs for TD Ameritrade, was forthright about the sticky situation her company finds itself in, thanks to founder and former CEO Joe Ricketts' announcement...

Facebook Employees Will Be Ringing in IPO with ‘Hackathon’

Facebook Employees Will Be Ringing in IPO with ‘Hackathon’Peter Foley/Bloomberg via Getty Images(MENLO PARK, Calif.) -- It’s going to be a sleepover at Facebook the night before the big IPO.Employees from the social networking site will be holding what the company calls a "hackathon" Thursday night.&nbs...

Stocks Fall for Fourth Consecutive Day

Stocks Fall for Fourth Consecutive DayHemera/Thinkstock(NEW YORK) -- After initially climbing into positive territory upon news from the latest Federal Reserve meeting, stocks fell Wednesday on worries about Europe's shaky financial situation, particularly in Greece.  The Dow closed d...

Facebook IPO: What’s the Big Deal and Who’s Buying?

Facebook IPO: What’s the Big Deal and Who’s Buying?LOIC VENANCE/AFP/Getty Images(NEW YORK) -- With Facebook set to go public Friday, some may be wondering what all the buzz is all about.  Andrew Serwer, managing editor of Fortune magazine, says the social network is more than just a fad. It's like...

Third Straight Day of Losses for the Dow

Third Straight Day of Losses for the DowHemera/Thinkstock(NEW YORK) -- Stocks ended Tuesday's session with a drop and some of the biggest losses in months, with the Dow closing down 63 points and the Nasdaq and S&P giving up nine points and eight points, respectively.The continued losses...

JPMorgan Shareholders Approve Pay Packages After $2B Trading Loss

JPMorgan Shareholders Approve Pay Packages After $2B Trading LossPeter Foley/Bloomberg via Getty Images(NEW YORK) -- Despite the bank's $2 billion trading loss, JPMorgan Chase CEO Jamie Dimon still has the support of the company's stockholders. At the company's annual meeting Tuesday, shareholders voted to approve h...

Exclusive: Obama Says JPMorgan "One Of The Best-Managed Banks"

Exclusive: Obama Says JPMorgan "One Of The Best-Managed Banks"Peter Foley/Bloomberg via Getty Images(NEW YORK) -- Just hours after a top JPMorgan Chase executive retired in the wake of a stunning $2 billion trading loss, President Obama told the hosts of ABC’s The View that the bank’s risky bets exemp...

Dow’s Eighth Loss in Nine Sessions, Oil at Lows for the Year

Dow’s Eighth Loss in Nine Sessions, Oil at Lows for the YearHemera/Thinkstock(NEW YORK) -- The Dow ended the day down 125.25 points, or 0.98 percent.  The S&P and Nasdaq also ended the day down more than one percent. Clearly between the European debt crises and the tainted reputation of America&rs...

JPMorgan Execs Behind $2 Billion Trading Loss Expected to Resign

JPMorgan Execs Behind $2 Billion Trading Loss Expected to ResignSTAN HONDA/AFP/Getty ImagesUPDATE: Ina Drew, the chief investment officer at JPMorgan Chase, "has made the decision to retire from the firm," the company announced on Monday.In a statement, JPMorgan said Drew will be succeeded by Matt Zanes, the curren...

Stocks Affected by JPMorgan Loss

Stocks Affected by JPMorgan LossHemera/Thinkstock(NEW YORK) -- Stunning news from the nation's biggest bank prompted a sell off to end the week.The Dow closed down 24 points at 12,832 Friday. The Nasdaq finished up with a modest six point gain at 2,940, while the S&P lost three p...

Facebook Co-Founder Denounces US Citizenship

Facebook Co-Founder Denounces US CitizenshipJim Spellman/WireImage(WASHINGTON) -- Facebook co-founder Eduardo Saverin stands to make billions when Facebook goes public next week. And now, ahead of that IPO, the 30-year-old has renounced his American citizenship, apparently to trim his tax liabil...

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