Wed May 23, 2012 4:20pm EDT By Alexei OreskovicSAN FRANCISCO May 23 (Reuters) - Facebook is considering a stock-listing proposal put forward by the New York Stock Exchange, a source familiar with the situation told Reuters, in the wake of a disappointing initial public offering last week on the rival Nasdaq bourse.Facebook is mulling the pitch by NYSE Euronext, the source said without elaborating on specifics.Facebook and the banks that took it public, including Morgan Stanley, face questions over a $16 billion IPO that culminated in a Nasdaq debut plagued by technical glitches. The debut, on May 18, was pushed back half an hour and later led to delays in order confirmations, frustrating traders.Facebook's shares fell more than 15 percent from their $38 IPO price ... Continue reading →

By Daniel Bases NEW YORK | Wed May 23, 2012 1:02am EDT NEW YORK (Reuters) - If any other European countries were to follow Greece into a debt default, Athens can recommend a lawyer. Lee Buchheit crafted the restructuring deal that cut Greek debt by 100 billion euros and inflicted huge losses on bondholders in March.Over the last 30 years, presidents and finance ministers have turned to Buchheit, 61, more than any other lawyer to help call off creditors when their governments run out of money.His clients love him because he can help wipe away billions of dollars of debt. His legal opponents - bond investors, some of them so-called vulture funds - hate him for the same reason.In addition to Greece, the folders stacked ... Continue reading →

Wed May 23, 2012 9:03am EDT (Reuters) - Facebook Inc, Chief Executive Mark Zuckerberg, and several banks led by Morgan Stanley were sued by shareholders, who claimed the defendants hid the social networking leader's weakened growth forecasts ahead of its $16 billion initial public offering. The defendants were accused of concealing from investors during the IPO marketing process "a severe and pronounced reduction" in Facebook revenue growth forecasts, resulting from increased use of its app or website through mobile devices.The lawsuit was filed in the U.S. District Court in Manhattan, according to a lawyer for the plaintiff.(Reporting By Dan Levine in San Francisco and Jonathan Stempel in New York; Editing by Gerald E. McCormick) Continue reading →

By Suzanne Barlyn and Ryan Vlastelica Wed May 23, 2012 7:28am EDT (Reuters) - Two top U.S. financial regulators said on Tuesday the issues around the initial public offering of Facebook should be reviewed, putting fresh pressure on the company, its lead underwriter, Morgan Stanley, and the Nasdaq stock exchange. Facebook shares closed 8.9 percent lower at $31, following an 11 percent plunge on Monday. At that price the company has shed more than $19 billion in market capitalization from its $38-per-share offering price last week.Reuters reported late Monday that the consumer Internet analyst at lead underwriter Morgan Stanley cut his revenue forecasts for Facebook in the days before the offering, information that was not disclosed to the market before the stock was listed.Facebook itself ... Continue reading →