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Latest Headlines
Latest Headlines
Pain from Nasdaq's botched Facebook IPO spreads
Fumbling the most anticipated and high-profile IPO in recent memory is still haunting Nasdaq OMX. This week, the market maker reported a lower first quarter profit on Monday while it set aside money for reimbursing disgruntled clients.
Foreign banks make gains in Facebook banking
ING Direct Canada has a great reputation when it comes to leading-edge, consumer-facing bank technologies. It has burnished that reputation as of late, as noted by BTN , with recent new-feature launches, including one that will allow customers to log in to their accounts via Facebook.
SEC weighs fixes after trading technology debacles
In the wake of Nasdaq's fumbling of the Facebook IPO ( NASDAQ:$FB )and Knight Capital's rogue algo that lost the firm hundreds of millions of dollars, the SEC is cracking down. In a set of rules created by regulators, exchanges and other trading platforms must test for potential software errors that could unleash havoc on the markets.
Judges dismisses Facebook IPO suit, says risks were disclosed
Facebook got some welcome news regarding its lawsuit woes.
Nasdaq said to be settling with SEC over Facebook flop
When Facebook's IPO stumbled out of the gate last spring, investors looked for someone to blame. Many critics looked to Nasdaq and their technical glitches for fumbling the launch of the social media giant. Now it looks like the market maker is going to have to pay for their disastrous handling of the new stock.
Facebook director cashes out
PayPal founder-turned venture capitalist Peter Thiel invested so early in Facebook that even after the stock has tanked in the aftermarket he turned a massive profit.
Finra conflicted on Facebook mess
The Facebook fiasco continues to reverberate on Wall Street, as some market makers wonder if they will get a raw deal from a decision by the Nasdaq to have Finra review contested Facebook trades.
Morgan Stanley expanding brokers' social media access
The brokerage industry has been infatuated with social media for several years now.
Despite Nasdaq glitch, U.S. markets remain strong
Despite Nasdaq's recent botching of the Facebook IPO, the U.S. market structure remains sound, according to a panel of financial services experts.
Facebook's IPO in perspective
If you were in or around the technology industry in the mid-1990s, you remember well what an electrifying moment the Netscape IPO was.
