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Nasdaq seen struggling with aftermath of Facebook IPO
By John McCrank NEW YORK (Reuters) - Nasdaq OMX faces short-term costs from its botched handling of Facebook shares on their first day of trading but the longer term repercussions could be more expensive as it struggles to restore its image. Initially, the exchange said it plans to set aside $13 million to resolve bad trades, and even if all of that was used, the cost would be minimal compared
By John McCrank NEW YORK (Reuters) - Nasdaq OMX faces short-term costs from its botched handling of Facebook shares on their first day of trading but the longer term repercussions could be more expensive as it struggles to restore its image. Initially, the exchange said it plans to set aside $13 million to resolve bad trades, and even if all of that was used, the cost would be minimal compared
Where are Facebook's friends? Stock down after IPO
Facebook was supposed to soar. Instead, it plunged.
Facebook was supposed to soar. Instead, it plunged.
Lowe's, Krispy Kreme, Chesapeake are market movers
Stocks that moved substantially or traded heavily Monday on the New York Stock Exchange and Nasdaq Stock Market:
Stocks that moved substantially or traded heavily Monday on the New York Stock Exchange and Nasdaq Stock Market:
US STOCKS-Wall St rebounds, but investors dump Facebook
* Facebook stock falls nearly 14 pct to session low at $33
* Facebook stock falls nearly 14 pct to session low at $33
Shares trade below issue price as Nasdaq scrambles
Facebook shares sank on Monday in the first day of trading without the full support of the company’s underwriters, leaving some investors down 25 per cent from where they were Friday afternoon.
Facebook shares sank on Monday in the first day of trading without the full support of the company’s underwriters, leaving some investors down 25 per cent from where they were Friday afternoon.
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