MORGAN STANLEY

Facebook To Pay Banks 1.1% Fee For Managing IPO

File photo of Mark Zuckerberg
Senior Facebook executives met Monday with analysts and bankers, but CEO Mark Zuckerberg didn't attend. The company's chief financial officer told attendees that Zuckerberg prefers to focus on developing Facebook's social-networking service.

Zayo Group to Take AboveNet Private for $2.2 Billion

IBTimes Logo
Privately held Zayo Group LLC agreed to buy rival AboveNet Inc, a provider of broadband connections to big companies and carriers, for about $2.2 billion to tap into the galloping demand for fast data services.
More news
IBTimes Logo

Nikkei Tops 10,000, Retreats

Japan's Nikkei average breached 10,000 for the third straight session before trimming gains to 0.9 percent Tuesday, lifted by defensive buying as investors looked for signs of further easing from the Bank of Japan.
Traders on the floor of the New York Stock Exchange

Wall Street rises on optimism Greek deal near

Wall Street opened higher on Thursday as strong uptake by investors in Greece's debt swap fed optimism a deal could be completed by a deadline later in the day, staving off a messy default.
IBTimes Logo

Treasury Selling $6B In AIG Stock

The Treasury Department plans to sell $6 billion of American International Group stock and struck another deal for the insurer to pay down $8.5 billion more in obligations, taking a major step forward in an election year to unwind the unpopular crisis-era bailout.
IBTimes Logo

Asian Markets Fall Again on Renewed Greek Default Fears

Asian shares fell for the third day in a row Wednesday as investors grew more risk averse, with renewed uncertainty over Greece's bailout and mounting worries about slowing global economies overshadowing support provided by ample liquidity.
Yanacocha Mine

Gold Below $1,700 on Weak EU Data

Gold prices slid below $1,700 an ounce in Europe on Monday as weaker-than-expected euro zone economic data lifted the dollar versus the euro, and as appetite for assets seen as higher risk, like stocks and commodities, suffered after China set its lowest annual growth target in eight years.
Facebook Vice President of Product Cox delivers a keynote address at Facebook's "fMC" global event for marketers in New York City

Facebook Seeking Bigger Credit Line

Facebook Inc plans to increase its $2.5 billion credit line to help cover a major tax hit when employee stock awards vest shortly after it goes public, according to two sources familiar with the company's plans.
IBTimes Logo

Morgan Stanley Details Consequences of Possible Downgrade

Morgan Stanley said it will have to post another $6.52 billion in collateral to counterparties and clearinghouses if Moody's follows through on a warning that it might cut the Wall Street bank's long-term debt rating by up to three notches.
IBTimes Logo

S&P 500 Posts Highest Close in Nearly 4 Years

The S&P 500 rose on Friday to close at the highest level since before the collapse of Lehman Brothers in 2008, continuing a pattern of steady gains on signs of U.S. economic recovery.
HP logo is seen outside Hewlett-Packard Belgian headquarters in Diegem

HP Slips on Concerns of Delay in Turnaround

Shares of Hewlett-Packard Co fell more than 7 percent Thursday, after the world's No. 1 computer maker posted a sharp decline in quarterly earnings and warned it would take several years to turn around its sprawling businesses.
Oil prices Seen at a Gasoline Station

Rise and Rise of U.S. Gasoline Prices: Wall Street and Big Oil to Blame?

Everyone agrees the days of cheap gasoline are over. The pain at the pump is forcing people to cut down gasoline usage, and there has been a big drop in gasoline demand in the country. At the same time, domestic production is booming, with the number of rigs just in U.S. oil fields more than quadrupling in the past three years.
CEO of Goldman Sachs Blankfein talks at the U.S. Chamber of Commerce in Washington

Analysis: Goldman's Top Brass Gun for Cash Bonuses

While Wall Street slashes pay and freezes cash awards, Goldman Sachs Group's top five executives may reap special bonuses of $10.5 million apiece if the firm hits historically easy profit targets over the next two years.

Pages

IBT Spotlight

We Help Businesses Find B2B Service Providers They Can Trust.