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Insight: Morgan Stanley cut Facebook estimates just before IPO
22 May 2012 at 12:02am

The fire retardant industry engaged in a decades-long deception about its products, which are often filled with cancerous materials, the Chicago Tribune reports.

In 2010, after years of addiction to prescription drugs and having relapsed following a fourth visit to rehab, 24-year-old Cameron Bradbury locked himself in his room at his parents' home and shot himself.

Dan Hesse, chief executive officer of Sprint Nextel Corp., speaks during a keynote event at the Mobile World Congress in Barcelona, Spain, March 1, 2012.

It was a good day for owners of U.S. equities Monday, with stocks putting together a solid rally to ease some of the sting of the recent run of weak performance.

After a weekend that brought both fresh concerns about Europe and hopeful signs about China, investors decided to focus on the latter.

A woman points at the parliament building during a protest in front of the Greek parliament on April 5, 2012.

British bank Barclays is selling its near-20 percent stake in U.S. asset manager BlackRock, worth $6.1 billion, as tougher global regulations have cut the attraction of such holdings.

On the Nasdaq market, however, Facebook's shares slid below their $38 issue price as support from underwriters of the initial public offering dissipated after its Friday debut.

Stock index futures rose on Monday after Wall Street posted its worst weekly loss for the year and on assurances that world powers want debt-laden Greece to remain in the euro.

Reuters reports that U.S. fund manager BlackRock Inc on Monday named Justin Arter as head of its Australian operations, replacing Damien Frawley who is moving to head Queensland Investment Corp .

Barclays has announced that it has hired four Investment Representatives who will be based in New York in the Wealth and Investment Management division.

Volatility has returned to Wall Street as the political gridlock in Greece has re-focused investors' attention on the looming debt crisis overseas.

Facebook on Friday sold 421 million shares of stock in a deal that valued the company at more than $100 billion.

The United Kingdom's Trade & Investment Committee, also known as the UKTI, is stepping up support for this year's EuraMedia Summit in Boston, Massachusetts.

I see where James Gorman, CEO of the investment house Morgan Stanley, has seen his compensation for 2011 drop a quarter from last year.