Morgan Stanley defends Facebook IPO procedures
(Reuters) - Morgan Stanley said its procedures for the Facebook Inc's initial public offering were "in compliance with all applicable regulations." "Morgan Stanley followed the same procedures for the Facebook offering that it follows for all IPOs," spokesman Pen Pendleton said in a statement. "These procedures are in compliance with all applicable regulations. ...
The numbers on the Facebook earnings revisions
SAN FRANCISCO (Reuters) - Four of Facebook's major underwriters -- Morgan Stanley, Goldman Sachs, JPMorgan and Bank of America -- reduced their financial estimates for the soon-to-be-public company following the release of a revised prospectus on May 9 that noted the negative impact of mobile users on Facebook's business. While Facebook did not provide any specifics in its amended S-1 filing, the four underwriters reduced their earnings and revenue estimates for both the second quarter of 2012 and the full year within the next two days, according to sources. ...
Water World: New 'Super-Earth' Found
Scientists report they have found an exoplanet -- a world orbiting a distant star, 22 light-years away -- that they call the best candidate yet to be the right temperature for liquid water and, perhaps, life. It is labeled GJ 667Cc, and it is located in the constellation Scorpio.
How Tech Savvy Are Today's Dads? [INFOGRAPHIC]
The blogging, Facebook updating, digitally hip mom has become a domestic trope these days. But what about dads?
Exclusive: Massachusetts subpoenas Morgan Stanley for Facebook
NEW YORK (Reuters) - Massachusetts Secretary of Commonwealth William Galvin has issued a subpoena to Morgan Stanley over an analyst's discussions with investors on Facebook "The Securities Division has put out a subpoena to Morgan Stanley in connection with the analyst's discussion with certain institutional investors about the revenue prospects for Facebook," a spokesman for Galvin's office said on Tuesday. "Morgan Stanley followed the same procedures for the Facebook offering that it follows for all IPOs. ...
Facebook settles lawsuit over "Sponsored Stories"
SAN FRANCISCO (Reuters) - Facebook Inc has agreed to settle a lawsuit that alleged the site's "Sponsored Stories" feature publicized users' "likes" without compensation or the ability to opt out, according to a court document filed on Tuesday. The proposed class action lawsuit, filed in a San Jose, California federal court, could have included nearly one of every three Americans, with billions of dollars in damages, court documents say. The terms of the settlement are not spelled out in court filings. ...
