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• Morgan Stanley May Refund Some Facebook Investors
  Morgan Stanley, the lead investment bank in Facebook's troubled initial public offering, will compensate investors who overpaid when they bought Facebook's stock in Friday's IPO, according to a source familiar with the matter. This person said the firm is reviewing orders...
• Citadel Said to Lose $35 Million on Facebook Trades
  Citadel LLC, the investment firm run by Ken Griffin, lost as much as $35 million on Facebook Inc. trades in a $1 billion hedge fund, according to a person with knowledge of the matter. The loss came in a fund whose returns are tied to the firm s market-making business,...
• Buffett Says He May Buy More Newspapers
  Warren Buffett, whose Berkshire Hathaway Inc. struck a deal this month to acquire 63 newspapers, said he may buy more publications as the industry rethinks whether to offer free content on the Internet. This is an unsustainable model and certain of our papers are already...
• Fidelity: Thousands of Clients Hit by Facebook Woes
  Fidelity Investments said it was working with "thousands" of brokerage clients affected by trading issues that have engulfed Facebook Inc.'s much-anticipated initial public offering, according to a source familiar with the situation. The social media site's IPO has been...
• Many Investors Remain Confident in a Gold Comeback
  Gold s sharp decline from its record high of $1,924 an ounce last September has some investors devising ways to profit from a rebound. Some are using option plays and others are establishing or increasing positions in exchange-traded funds (ETFs) that hold gold, The Wall...
• Analysts Back Hewlett Packard's Layoff Plans
  Analysts said Hewlett Packard Co'splan to cut jobs was a step in the right direction but the PC maker will have to do more to regain investors' confidence. Shares of the world's No. 1 personal computer maker were up 6 percent at $22.26 in early trading on the New York Stock...
• Knight Capital Says It Lost up to $35 Million on Facebook
  Knight Capital Group Inc. estimated that it lost about $30 million to $35 million trading Facebook Inc. because of technical problems at Nasdaq OMX Group Inc. related to the social-media company s initial public offering.Knight, a brokerage based in Jersey City, New Jersey,...
• Europe Weighs on NetApp's Outlook; Stock Slumps
  NetApp Inc. on Wednesday forecast revenue below Wall Street's expectations and its chief executive warned of uncertainty in Europe, sending the data storage equipment maker's shares down 18 percent in after-hours trade. The day before, Dell Inc posted disappointing...
• Pandora Shares Jump as Loss Shrinks, Mobile Ad Sales Grow
  Shares of Pandora Media Inc., the Internet radio pioneer, rose as much as 17 percent in extended trading Wednesday after first-quarter results exceeded analysts' estimates on higher mobile advertising sales. Pandora jumped to as high as $12.05 after reporting a...
• Dell Shares Slide 17% as Forecast Misses Estimates
  Shares of Dell Inc. tumbled the most in more than a decade after the company forecast fiscal second-quarter revenue that missed analysts estimates. Dell slumped 17 percent to $12.49 at Wednesday's close in New York, the biggest one-day decline since November 2000. The...
• Red Hat's Shares Fall as Piper Sees Billing Slowdown
  Shares of Red Hat Inc., the largest seller of the open-source Linux operating system, fell Wednesday after an analyst at Piper Jaffray Co. projected a slowdown in billings growth. The Raleigh, North Carolina-based company declined 3.4 percent to $54.43 at the close in New...
• Best of Both Worlds: Income-Producing ETFs in Review
  The simple idea of owning an exchange-traded fund (ETF) is buying exposure on the cheap, usually to equities. That is, rather than concentrating your risk on 10 or even 100 stocks, why not buy equal but tiny slices of 500 or 1,000 and get a tiny management fee to go along with it?
• Calpers Joins 2 Pension Funds Opposing Wal-Mart Directors
  The California Public Employees' Retirement System plans to vote against the re-election of nine Wal-Mart Stores Inc. directors following allegations that executives bribed Mexican officials. Calpers, the pension fund for state employees, made the statement Wednesday on its...
• Paulson-Led Group to Sell Hotels to End Their Bankruptcy
  A group led by Paulson & Co. plans to sell the Arizona Biltmore resort and the Claremont Hotel Club & Spa in Berkeley, California, as part of an effort to bring the properties and two other hotels out of bankruptcy. Paulson, a New York-based hedge fund, and co-investor...
• Brokerage Needham Gives Facebook 'Buy' Rating, $40 Price Target
  Brokerage Needham & Co. started coverage on Facebook Inc with a "buy" rating, a rare positive take on the shares of the social network after they lost nearly a fifth of their value since the company's stock started trading last Friday.
• Buffett’s 'Idiot' Challenge Seized by Jain in Premium-Growth Hunt
  Ajit Jain, who helped build Berkshire Hathaway Inc. into a $200 billion firm by underwriting risks that others shunned, is hunting for insurance-premium growth that his boss Warren Buffett says may be a thing of the past.The funds that Berkshire holds before paying out...
• Facebook Selloff Almost Snowballed Into Run on Stock
  The Facebook selloff just after the company's initial public offering came dangerously close to escalating in a run on the stock, traders say.
• S&P’s Stovall: Stock Market ‘Ready for Bounce’
  Various factors indicate that stocks are “ready for a bounce” and that declines will be contained, says Sam Stovall, chief equity strategist at S&P Capital IQ.
• MarketWatch's Paul Farrell: Facebook Fiasco Could Destroy US Economy
  MarketWatch's Paul Farrell is worried that American investors are blowing a newer, bigger bubble: a Black Swan by the name of Facebook that truly can bring down the economy, bigger than 2000 and 2008 combined.
• Regulators, Investors Turn Up Heat Over Facebook IPO
  Facebook Inc. s initial public offering is getting less friendly with each passing day. Investors and regulators raised new concerns about the $16 billion IPO as Facebook shares fell a second straight day, extending losses to 18 percent below the $38 offer price.Morgan...
• Einhorn, Paulson, Gundlach Unveil Their Investment Picks
  Hedge fund luminaries such as David Einhorn, Jeff Gundlach, and John Paulson listed some of their investment choices at a recent conference in New York.
• Barclays to Sell BlackRock Stake at a Discount
  British bank Barclays will sell its nearly 20 percent stake in BlackRock at a discount, sending the U.S asset manager's shares down 2 percent after the bell. Barclays will sell 26.2 million BlackRock shares at $160 per share, a 2 percent discount from its Tuesday closing...
• Dell Shares Tumble as Profit, Outlook Fall Short
  Dell Inc. on Tuesday forecast fiscal second- quarter revenue that missed analysts' estimates as consumers and businesses held off on buying personal computers and the company continued to focus on profit margins instead of sales growth. Revenue for the period ending in July...
• Facebook Stock Extends Slide as SEC Calls for Review of IPO Fiasco
  Facebook's shares sank an additional 8.9% Tuesday as questions mounted over the company's long-term prospects and the top U.S. securities regulator called for a review of the problems surrounding its initial public offering last week. The comments urging a review, by...
• Facebook Existential Moment Begins With Analysts’ $30-$50 Spread
  Analysts who broke away from the herd and told investors to avoid Facebook Inc., the biggest initial public offering ever by a technology company, are looking like heroes after the stock plunged.

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