New ad zapper has TV networks worried about sales The maker of a new DVR that lets consumers zap away broadcast TV commercials at the touch of a button suggested Tuesday that the networks are being short-sighted in opposing the technology. Facebook, Zuckerberg, Morgan Stanley Sued Over IPO [REPORT] Shareholders have sued Facebook and CEO Mark Zuckerberg over the company's bungled IPO, charging they hid bearish forecasts prior to going public, according to a report. Ahead of the Bell: Facebook shares start climbing Facebook shares climbed Wednesday in premarket trading after its long-awaited initial public offering was followed by a two-day slide in stock price. Qwiki Turns Everyone into a Broadcaster A new website lets people create interactive video and text packages.
  Regulators, investors turn up heat over Facebook IPO
(Reuters) - Two top U.S. financial regulators said on Tuesday the issues around the initial public offering of Facebook should be reviewed, putting fresh pressure on the company, its lead underwriter, Morgan Stanley, and the Nasdaq stock exchange. Facebook shares closed 8.9 percent lower at $31, following an 11 percent plunge on Monday. At that price the company has shed more than $19 billion in market capitalization from its $38-per-share offering price last week. ...
Sycamore Networks posts deeper fiscal 3Q loss Communications equipment maker Sycamore Networks Inc. posted a deeper loss in its fiscal third quarter because research and development costs increased.
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