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Facebook IPO flop drawing increased scrutiny
23 May 2012 at 4:10am

As Facebook shares continued their slide, regulators launched inquiries into whether privileged Wall Street insiders were alerted to the company's weakening financial projections, leading them to shun the stock or dump shares just as buying was opened to the public.

A gas gauge rest on empty at a gas station, March 23, 2012, in Portland, Ore. THE CANADIAN PRESS/AP, Rick Bowmer Oil fell to a seven-month low near $91 a barrel Wednesday in Asia after Iran agreed to allow the U.N. nuclear agency to restart an investigation into the country's nuclear program.

's stock had its "sell" rating reiterated by equities research analysts at Brean Murray Carret & Co.

Bridgepoint A has hired Morgan Stanley to advise on the sale ofA Aenova , a German maker of vitamins and generic prescription drugs, according to Reuters.

Philip Clarke of Tesco can easily afford to pass on a A 372,000 bonus; he still collected about A 1.65m last year in salary, benefits plus a windfall from a maturing 2009 scheme.

The JPMorgan CEO apologized because admitting something went wrong is the way to learn from a mistake and avoid a repeat.

A number of other analysts have also recently weighed in on SUNH. Analysts at Jefferies Group raised their price target on shares of Sun Healthcare Group to $8.00 in a research note to investors on Tuesday, May 8th.

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.