San Francisco is planning a party this weekend for the 75th anniversary of America's favorite bridge. But what happens if nobody can see the famous orange spires? WSJ's Geoffrey Fowler takes a look at the contingency plans so tourists won't be left in a sea of fog. SAN FRANCISCO—What if the Golden Gate Bridge celebrates its 75th birthday and nobody can see it? The people who handle tourism on the iconic span are taking steps to ensure that a fog doesn't hang over their party this weekend. A fog-out is no idle threat. When Raul Fernandez, a tourist from Toronto, stopped by Monday to take photos with friends in front of the bridge's soaring orange towers, he could barely make out its base. The fog ... Continue reading →

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BY SHAYNDI RAICE, ANUPREETA DAS AND GINA CHON Less than three days before Facebook Inc.'s initial public offering, Chief Financial Officer David Ebersman decided to boost the number of shares the company would offer investors by 25%, said people familiar with the planning. His main adviser at lead underwriter Morgan Stanley assured him there was plenty of demand, they said. That decision by the 41-year-old Facebook executive may have doomed any real chance the social-networking company had that its stock would jump on its first day of trading—a hallmark of successful IPOs. On Tuesday, the second full day of trading, Facebook shares fell $3.03, or 8.9%, to $31, ...BY SHAYNDI RAICE, ANUPREETA DAS AND GINA CHON Less than three days before Facebook Inc.'s initial public ... Continue reading →

NEW YORK (Real Money) -- This Facebook(FB) fiasco is a disgrace. The idea that big clients were getting the skinny that estimates were too high, something that would justify immediately cancelling orders or dumping stock into the public frenzy, is just plain outrageous. Anyone who made such a call knew that was selective disclosure, a clear violation of SEC rules. Anyone who acted on it has to be subpoenaed immediately by the SEC to find out what happened. The repercussions should and must be severe, as such a number cut on the eve of the deal is something everyone had to know -- not just the big boys. Is there any wonder why there was such a vacuum after the deal started? Anyone who wasn't ... Continue reading →