Facebook is minting a lot of millionaires with its IPO, but along with those tales of riches come people like a carpet salesman who may have missed out on $50 million. Reality star Ali Fedotowsky missed out too.
The Stoxx 600 fell for the fifth consecutive session, pressured this time by concerns over slowing growth in China. Bank stocks rose amid speculation about a ban on short-selling.
The Stoxx 600 fell for the fifth consecutive session, pressured this time by concerns over slowing growth in China. Bank stocks rose amid speculation about a ban on short-selling.
European stock markets staged a mild recovery after a report of a short-selling ban on Spanish banks, which pushed the euro up a little against the dollar and led sovereign bond spreads to narrow.
At least 20 closely held U.S. start-ups backed by venture capital are now valued at $1 billion or more, Pinterest and Evernote among them. During the frothy days of the 1990s dot-com bubble, there were just 18 such start-ups valued at $1 billion or more.
Facebook priced its initial public offering at $38 a share, a move that values the Internet company at more than $100 billion. It tried floating higher numbers to investors but was rebuffed.
Asian markets fell heavily Friday, with Japan's stock index slumping to the lowest level in four months, as poor U.S. manufacturing data added to rising worries over Europe with Moody's downgrading 16 Spanish banks.
Unsettling news on both sides of the Atlantic helped send U.S. stocks plunging Thursday and drove 10-year Treasury yields to their lowest closing level on record.
Facebook priced its initial public offering at $38 a share, a move that values the Internet company at more than $100 billion. It tried floating higher numbers to investors but was rebuffed.
European stocks fell as worries about contagion from Greece to other "peripheral" nations continued to concern investors. The results of Spain's latest bond auction saw borrowing costs rise.
U.S. stocks traded lower as continued worries about the euro zone and a weak reading on mid-Atlantic business conditions outweighed upbeat earnings from Wal-Mart and Sears.
