If you watched the recent presidential debates or the Republican and Democratic conventions, you might have gotten the …
muppets
Groupon Plunges 20% on Weak Deal Growth
Chicago-based daily-deals website Groupon watched its already discounted stock price plunge by 20% after the company reported sales numbers that failed to impress Wall Street. Groupon said weakness in Europe and foreign-currency …
Facebook Banker Morgan Stanley ‘Likes’ — But Doesn’t Love — FB Stock
Analysts at Facebook’s lead underwriter, Morgan Stanley, have set a price target of $38 on newly-public Facebook’s stock — just weeks after the Wall Street giant’s investment bankers took the social network public at that price. …
After Facebook Debacle, Can Investors Trust the IPO Process?
It’s been over a month since Facebook’s troubled initial public offering, and the fallout continues to reverberate from Wall Street to Capitol Hill. Angry shareholders have filed over 40 lawsuits against Facebook, its …
Who’s to Blame for the Facebook IPO Debacle? Federal Court May Decide
Technical errors caused by the Nasdaq stock exchange helped push down Facebook shares in early trading, the social networking giant suggested in a legal filing late Friday, turning what should have been a triumphant moment for …
Facebook, Wall Street Banks Sued Over Pre-IPO Financial Forecasts
Just days after its controversial IPO, Facebook and its Wall Street bankers have been hit by shareholder lawsuits alleging that the social networking giant and its underwriters concealed the company’s decelerating revenue growth …
Goldman CEO Blankfein Reboots as Bernanke Stays the Course
Goldman Sachs CEO Lloyd Blankfein has launched a complete image makeover, according to Fox Business Network. Appearing in shirt-sleeves Wednesday on CNBC and Bloomberg TV, Blankfein didn’t swear to do “God’s work” — as he has in …
With ‘Muppet’ Hunt, Will Goldman Sachs End E-mail Smack Talk?
Goldman Sachs, still smarting from the scathing public resignation of 32-year-old banker Greg Smith, is conducting a companywide e-mail scan looking for the word muppets and other derogatory terms, according to Reuters. While …