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    Facebook Shares Fall Below IPO Price

    Sky News

    Facebook shares dropped below their debut price of $38 (£24) in trading on Monday raising concerns about the stock if its lead underwriter Morgan Stanley stops propping it up and investors who were hoping ... More »Facebook Shares Fall Below IPO Price

    Traffic flies by the entrance sign to Facebook headquarters in Menlo Park before the company's IPO launch

    NEW YORK (Reuters) - Morgan Stanley's (MS.N) brokerage affiliate, Morgan Stanley Smith … More »Morgan Stanley works on Facebook IPO orders - source

    Facebook logo is seen on a screen inside at the Nasdaq Marekstsite in New York

    By Chuck Mikolajczak and John McCrank REUTERS - Facebook (FB.O) stock sank on Monday in … More »Facebook sinks on 1st day without underwriter support

    • Facebook logo is seen on a screen inside at the Nasdaq Marekstsite in New York

      By Chuck Mikolajczak and John McCrank REUTERS - Facebook (FB.O) stock sank on Monday in the first day of trading without the full support of the company's underwriters, leaving some investors down nearly ...

    • European stocks rebound on G8 support for Greece

      A display shows the German Stock Market Index DAX at the German stock exchange in Frankfurt am Main. European stock markets mostly rebounded on Monday as G8 support for Greece to remain p art of the eurozone ...

    • Facebook shares plunge below IPO price

      The Times Square news ticker displays a headline about the Facebook share price on Friday evening. Facebook shares plunged more than 8% below the IPO price of $38 in opening trade Monday.

    • An employee uses an electronic machine to check an Indian currency note inside a bank in Allahabad

      MUMBAI (Reuters) - The Reserve Bank of India will continue to take steps to stabilise the rupee, Subir Gokarn, a deputy governor at the central bank, said on Monday. The rupee fell below the key psychological ...

    • Greece In Crisis: Elderly Scrounge For Food

      Seventy-year-old Eletharias cannot afford to go the supermarket any more, so for the past few months he has started rummaging for food in dustbins.He goes out in Athens at night so that no one sees. When ...

    • EU Competition Commissioner Almunia addresses a news conference in Brussels

      By Foo Yun Chee BRUSSELS (Reuters) - The European Union's antitrust chief on Monday ratcheted up the pressure on Google (GOOG.O), giving it a matter of weeks to settle an investigation into allegations ...

    • 'Greece Should Default But Remain In Euro' Sky News - 1 hour 4 minutes ago
      'Greece Should Default But Remain In Euro'

      Greece should default on its debt and negotiate a relaxation of the austerity measures demanded by the eurozone, a former policymaker of Argentina has advised. Mario Blejer, who led Argentina from bankruptcy ...

    • Global shares edge higher but Greek fears linger Reuters - 1 hour 17 minutes ago
      The trading floor and the DAX board is pictured at Frankfurt stock exchange

      By Richard Hubbard LONDON (Reuters) - World shares edged higher and commodities gained on Monday as investors' fears that Greece could leave the euro were partly soothed by promises from China and the ...

    • Google has 'weeks' to satisfy EU over competition

      European Union anti-trust chiefs say they had asked Google to come up with "remedies" to satisfy Brussels concerns the Internet search king has abused its dominant market position.

    • Barclays to sell $6.1 bln BlackRock stake Reuters - 1 hour 30 minutes ago
      The BlackRock logo is seen outside of its offices in New York

      By Steve Slater LONDON (Reuters) - British bank Barclays (BARC.L) is selling its near-20 percent stake in U.S. asset manager BlackRock (BLK.N), worth $6.1 billion, as tougher global regulations have cut ...

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