Facebook is expected to submit paperwork to regulators on Wednesday morning for a $5 billion initial public offering and has selected Morgan Stanley and four other bookrunners to handle the mega-IPO, sources close to the deal told IFR.
Federal prosecutors expanded their insider trading case against former Goldman Sachs Group Inc director Rajat Gupta on Tuesday, saying the illegal activity lasted longer and involved more trades than alleged.
Morgan Stanley is all set to trump Goldman Sachs in a deal to buy a brokerage seat in Indonesia from PT Tiga Pilar Sekuritas, five sources said, as the race to tap the growing financial market in Southeast Asia's biggest economy intensifies.
Federal prosecutors expanded their insider trading case against former Goldman Sachs Group Inc director Rajat Gupta on Tuesday, saying the illegal activity lasted longer and involved more trades than alleged.
Within days, Facebook is expected to file for an initial public offering with the U.S. Securities and Exchange Commission, for the first time doing a public financial strip tease.
Stock index futures pointed to a higher open on Wall Street on Tuesday, with futures for the S&P 500, the Dow Jones and Nasdaq 100 indexes up 0.5-0.6 percent.
Facebook's initial public offering is likely to set a new standard for how low investment banks are willing to go on advisory fees to win big business.
Facebook Inc., the world's largest social networking site, is getting closer to its initial public offering this week as the company is reportedly planning to file papers with the U.S. financial watchdog on Wednesday. Speculation is rife that the social media giant is aiming to raise about $10 billion, which would value the company at between $75 billion and $100 billion.
Top Goldman Sachs Group Inc executives received previously restricted stock awards that are now worth $47.7 million, according to regulatory filings, though the executives are still limited in selling most of their Goldman stock.
Facebook plans to file documents as early as Wednesday for a highly anticipated IPO that will value the world's largest social network at between $75 billion and $100 billion, the Wall Street Journal cited unidentified sources as saying on Friday.
The names of a top executive at Berkshire Hathaway Inc. and a board member at Goldman Sachs Group Inc. surfaced on Friday as potential witnesses in the insider-trading trial of Rajat Gupta, a former director of Goldman, the Procter & Gamble Co., and other companies.
Facebook could file for its initial public offering as early as Feb.1, valuing the company as high as $100 billion, a report said.
Mitt Romney, Newt Gingrich, Ron Paul and Rick Santorum faced off last night in the final GOP debate in Florida before the Jan. 31 primary. Here, find out what statements from the primary debate were true and which got the facts wrong, from Santorum on Latin America to Mitt Romney's involvement in Freddie Mac.
Facebook’s lawyers have advised the social networking giant to stop trading shares on private exchanges, which could foreshadow the company’s long-awaited initial public offering.
Secretary of the Treasury Timothy Geithner said Wednesday he won’t serve in a second Obama Administration
because he doesn’t expect to be invited to continue.
Top 10 Most Surprising Statements from Obama’s Speech
Roche Holding AG is offering $5.7 billion in cash to buy U.S. gene sequencing company Illumina Inc in an unfriendly takeover bid that marks a major play by the Swiss drugmaker into the gene technology field.
Yahoo, now under new management, reported mediocre fourth-quarter results Tuesday, with flat earnings of $24 cents a share, with about a 13 percent revenue dip to $1.32 billion.
Yahoo, now under new management, is scheduled to report mediocre fourth-quarter results Tuesday, with flat earnings around $24 cents a share, with about a 1 percent revenue dip to $1.19 billion.
Stocks were little changed in early trading on Monday after equities posted their best week in a month as the euro zone debt crisis and the economy showed signs of stabilizing.
Oil and gas producer Apache Corp will buy privately held Cordillera Energy Partners III in a cash-and-stock deal worth $2.85 billion, part of a plan to expand its holdings of energy-rich reserves in the Midwestern United States.
Stocks were little changed in early trading on Monday after equities posted their best week in a month as the euro zone debt crisis and the economy showed signs of stabilizing.