Thursday, May 24, 2012
Facebook IPO: Morgan Stanley to reimburse investors ripped off by Facebook trades... as embattled social network may switch to New York Stock Exchange over bungled IPO | Mail Online - Amid a flurry of lawsuits over Facebook's initial public offering, the company’s top underwriter says it's prepared to pay back investors who were burned when they bought shares. Morgan Stanley announced in a memo on Wednesday that it is reviewing Facebook trades and would adjust prices for some retail customers who overpaid. The IPO mishaps have sparked numerous lawsuits against Morgan Stanley, the Nasdaq stock exchange and Facebook itself by shareholders who claimed they hid the social networking company's weakened growth forecasts just before it went public, The allegations raised questions about whether top investors profited at the expense of smaller buyers.
Aaron and His Parents Fight Changes Systems - Including Dothan High and Northview High School :: RickeyStokesNews.com -Dothan School Supt. Tim Wilder has amended the graduation walking policy for graduates of Dothan High School and Northview High School. Dr. Wilder said students which have the required credits to graduate but have not passed the Alabama Graduation Exam will be allowed to walk in the commencement exercises. Wilder said he has been in contact with Dr. Bice, State School Superintendent of the Alabama State Board of Education over this issue.
The Facebook IPO: Shareholders Weren't Invited to the Real Party | Matt Taibbi | Rolling Stone - A suit has been filed by Facebook shareholders against Mark Zuckerberg, Facebook, Morgan Stanley and others. It's based on a very simple concept: when internal analysts learned that Facebook’s numbers were going to be worse than expected, the company and its bankers didn’t tell everyone, but just "selectively disclosed" information to a small group of "preferred investors." -- All of these stories suggest that Wall Street is increasingly turning into a giant favor-and-front-running factory, where the big banks and broker-dealers that channel vast streams of crucial non-public information (about the markets generally and their clients specifically) are also trading for their own accounts, and sharing information with a select group of "preferred investors," who in turn help the TBTF banks move markets in this or that desired direction by jumping on or off various pigpiles at the right times.
Facebook Comes Under Increasing Fire for Its White-Male Board - The Daily Beast - “Facebook has grown off the backs of women, who make up the majority of its users and are responsible for the majority of sharing and fan activity on the site,” the group says in a blurb accompanying the video. An all-male board, the group says, is “not just wrong, it’s bad for business.” Women make up 55 percent of Facebook’s users, according to social-media research firm Socialbakers.
Mark Zuckerberg wedding: Facebook founder wrote his own vows and Priscilla walked dog down the aisle | Mail Online - Guests had turned up to the event thinking they were there to celebrate Mrs Zuckerberg's graduation from her degree in paediatrics. But instead they were greeted by the billionaire - who famously always wears jeans and hoodies - in a navy suit and tie, and his bride in a Claire Pettibone ivory lace wedding dress that cost $4,700.
As its share price plunges, Facebook redesigns its hated 'Timeline' profile pages - Mail Online - Engineers start to overhaul unpopular Timeline. - Polls show 86% prefer old layout. - Move in wake of network's disastrous flotation on stock market
Wednesday, May 23, 2012
VIDEO - Bob Howell retires from WSFA 12 News after 32 years - WSFA.com: Montgomery, AL. - Long time news anchor Bob Howell retired from television, ending more than 32 years working at WSFA 12 News, Wednesday evening. He ended the 6:00pm newscast by thanking all his co-workers in front of and behind the cameras. Bob's wife, Paula, and one of his sons, Brock, were just off camera - with most of the rest of the station's crew, to watch the final broadcast. "Stay classy, Montgomery..." Bob said, a popular phrase from the Will Ferrell comedy, "Anchorman", as the copyright appeared on the screen. The final phrase was for his son, Alex, who couldn't be on hand for the occasion.
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