Facebook Banks Said to Make $100 Million on Stabilizing Stock By Lee Spears - 2012-05-23T20:31:09Z Enlarge image Facebook Spencer Platt/Getty Images The window of the Nasdaq stock market moments before Facebook shares went public on May 18, 2012 in New York. The window of the Nasdaq stock market moments before Facebook shares went public on May 18, 2012 in New York. Photographer: Spencer Platt/Getty Images Facebook Inc. (FB)’s underwriters for its initial public offering made gains of about $100 million through their work to stabilize the shares in public trading, said a person familiar with the matter. The gains will be shared by all banks on the IPO syndicate, said the person, who declined to be identified because the process was private. Morgan Stanley (MS) ... Continue reading →

Facebook Said to Have Talked With NYSE About Switching Exchange By Lee Spears - 2012-05-23T20:03:50Z Enlarge image Facebook Spencer Platt/Getty Images The window of the Nasdaq stock market moments before Facebook shares went public on May 18, 2012 in New York. The window of the Nasdaq stock market moments before Facebook shares went public on May 18, 2012 in New York. Photographer: Spencer Platt/Getty Images NYSE Euronext (NYX) and Facebook Inc. have been exchanging phone calls and e-mails about the possibility of the company switching its listing from Nasdaq OMX Group Inc. (NDAQ), according to a person familiar with the matter. To contact the reporter on this story: Lee Spears in New York at lspears3@bloomberg.net To contact the editor responsible for this story: Nick Baker ... Continue reading →

Enlarge image Dow Falls to Lowest in 2012 on Greece as Dell Tumbles Traders work on the floor of the New York Stock Exchange on May 22, 2012. Photograph: Landov Traders work on the floor of the New York Stock Exchange on May 22, 2012. Photograph: Landov May 23 (Bloomberg) -- U.S. stock-index futures declined as European leaders prepared to meet in Brussels and data showed Japan’s exports grew slower than estimated. (Source: Bloomberg) May 23 (Bloomberg) -- Will Duff Gordon, a senior research analyst at Data Explorers, talks about short-selling strategy for Facebook Inc. and market outlook. He speaks with Betty Liu and Dominic Chu on Bloomberg Television's "In the Loop." (Source: Bloomberg) Enlarge image Wall Street All 10 groups in the S&P 500 ... Continue reading →

Dell 1Q Adj. EPS 43c, Est. 46c U.S. Stocks Erase Gains Amid Report Greece Considering Euro Exit By Jeff Sutherland - 2012-05-22T19:38:50Z Enlarge image U.S. Stocks Swing Between Gains, Losses as Facebook Slumps David Paul Morris/Bloomberg The Facebook Inc. logo is displayed in front of the company's headquarters in Menlo Park, California. The Facebook Inc. logo is displayed in front of the company's headquarters in Menlo Park, California. Photographer: David Paul Morris/Bloomberg May 22 (Bloomberg) -- U.S. stock-index futures were little changed after the benchmark Standard & Poor’s 500 Index posted its biggest gain in two months. (Source: Bloomberg) Enlarge image U.S. Stocks Swing Between Gains, Losses as Facebook Slumps Traders work at the New York Stock Exchange. Traders work at the New York Stock ... Continue reading →

Google Probe Accelerates as U.S. Questions Site Operators By Jeff Bliss and Sara Forden - 2012-05-22T04:00:01Z U.S. antitrust regulators told EBay Inc. (EBAY) and Yelp Inc. (YELP) to provide information on whether Google Inc. (GOOG) is competing unfairly, speeding up a probe that began a year ago, people familiar with the matter said. The shopping and review websites were among about a dozen companies that received civil investigative demands, which are similar to subpoenas, from the Federal Trade Commission last week, said a person familiar with the matter who wasn’t authorized to speak publicly. In its requests, the FTC is seeking examples of Google failing to follow through on promises to direct consumers to websites that compete with its own services, according to the person ... Continue reading →