CEO John Mack

The use of the word partner does not imply a partnership relationship between Cisco and any other company. RSS Feed for Cisco:http://newsroom.cisco.com/rss-feeds Add to DiggBookmark with del.icio.usAdd to Newsvine  

NEW DELHI: Morgan Stanley downgraded Reliance Communication to 'underweight' and Idea Cellular Ltd to 'equal weight' from 'overweight' on Tuesday, on regulatory concerns and a relatively weaker 3G outlook. Among telecom stocks, Morgan Stanley is ...  

Reuters Market Eye - Morgan Stanley upgrades Reliance Industries to "equal-weight" from "underweight", maintaining its target price at 703 rupees, citing attractive valuations. Despite Morgan Stanley's "unconstructive" view on Reliance's core ...  

Reuters Market Eye - Morgan Stanley has downgraded its view on India's telecom sector to "in-line" from "attractive", citing increased regulatory risks tied to the spectrum auction, and "relatively weaker" 3G outlook. The brokerage has cut its ...  

The investment bank downgraded its outlook on India's telecom sector to 'in-line' from 'attractive ... the payment of spectrum and the operators are not allowed to take loans against spectrum," the report added. The top three listed companies ...  

New regulatory restriction Morgan Stanley’s FICC business, an arena where it has struggled to generate market share and profits. The dismal retail flows are a disaster fro Smith Barney’s tens of thousands of retail brokers. Jim Gorman’s GWIM target ...  

BOSTON (AP) -- Massachusetts' top securities regulator has subpoenaed Morgan Stanley related to allegations that it gave some clients negative information about Facebook before last week's initial public offering. In a statement Tuesday ...  

Morgan Stanley, the underwriter for Facebook's initial public offering, may adjust the prices some retail customers paid for the stock. As Marketwatch reports, on an internal conference call with brokers, Morgan Stanley U.S. brokerage wealth management chief Andy Saperstein ordered brokers to expedite addressing unresolved trades. A day earlier, the firm reportedly told brokers that it expects "there will be a number of price adjustments."  

Several brokers interviewed by Reuters on Thursday had the same question: "Where is Morgan Stanley Chief Executive James Gorman?" These brokers want Gorman to take a more public stance to present the firm's case and to assure investors the firm ...  

As Facebook Inc. and Morgan Stanley executives gathered on a call May 17 to arrange terms for the social-networking company’s initial public offering, they faced a trade-off: set the IPO price low and give up enough money to let investors profit from a day-one pop -- or push the price high to help the company reap as much as possible from the sale. On the conference call, joined by Morgan Stanley Chief Executive Officer James Gorman and...  

NEW YORK (TheStreet) -- Morgan Stanley is likely to remain a top two technology underwriter along with Goldman Sachs, despite "blunders in the pricing process" of the Facebook, initial public offering, according to a report published Friday from Bernstein Research analyst Brad Hintz Morgan Stanley initially appeared to have scored a big win in being selected to lead the Facebook offering. "Morgan Stanley bankers promoted their firm's ability...  

Wall Street Journal: Facebook Flop Puts Investment Banker on the Spot  —  Morgan Stanley's Michael Grimes Draws Some Flak for Facebook's IPO Flop  —  Facebook Inc.'s botched initial public offering left Morgan Stanley investment banker Michael Grimes in an unusual spot: on the defensive.  

Morgan Stanley, the chief underwriter on Facebook Inc.'s initial public offering, will reportedly adjust the prices its retail customers may have overpaid last week, the Silicon Valley/San Jose Business Journal reports. The Associated Press cites unnamed sources who said that Morgan Stanley is reviewing orders from its retail clients who bought Facebook stock. It said the bank will make price adjustments if it determines that the clients...  

Wall Street giant Morgan Stanley could be risking millions of dollars in penalties and is already facing lawsuits over its role in Facebook's flawed initial public offering. "If I were Morgan Stanley, I'd be more than a little worried," said Tom Hoopes, a former Middlesex County white-collar-crime prosecutor who now does defense work....  

Facebook’s IPO flop and ongoing fallout “certainly hurts the prestige” of underwriter Morgan Stanley, but the actual impact on the company will be modest, Bernstein thinks. The analysts say, in part, Morgan Stanley’s “long history ...  

"Goldman and Morgan Stanley on your (prospectus) cover recently - it's been a stamp of approval," said Tige Savage, a venture capitalist at Revolution LLC. Leading tech investors said that while Morgan Stanley is being thrown under the bus for ...  

NEW YORK — Morgan Stanley, the lead investment bank in Facebook’s troubled initial public offering, will compensate retail investors who overpaid when they bought Facebook’s stock in Friday’s IPO, a source familiar with the matter said.  

In an effort to appease disappointed clients on the tail of the messy Facebook IPO, Morgan Stanley Smith Barney plans to make some price adjustments for its clients, reports Bloomberg: Morgan Stanley Smith Barney, the world’s biggest brokerage, told its financial advisers yesterday that it will adjust prices on a few thousand client trades of Facebook Inc., according to a person on the conference call. The company also told brokers that limit...  

NEW YORK (Reuters) - Morgan Stanley continues to work through trade orders placed on Friday by brokerage customers in Facebook Inc during the social networking company's IPO, two people familiar with the situation said on Thursday. Morgan Stanley Smith Barney, an affiliate unit of Facebook lead underwriter Morgan Stanley, did not receive from the Nasdaq stock market information about stock trades in a "systematic, orderly way," said one person...  

Morgan Stanley will adjust thousands of trades to ensure outstanding limit orders to sell will be filled at no more than US$42.99 a share for Facebook stock from last Friday's botched initial public offering, the firm told its brokers on Thursday (US time), according to several who listened to the call.  

http://business-news.thestreet.com/denver-post/story/regulators-eyeing-morgan-stanley-facebook-flub-report/11548755(hidethestreet) NEW YORK (TheStreet) -- The Massachusetts Secretary of State is issuing a subpoena to Morgan Stanley(:MS) over allegations that it may have communicated negative news.  

Yesterday, I described how Morgan Stanley was holding firm-wide conference calls to explain the Facebook disclosure scandal to its angry financial advisors and clients...and how, on at least one of those calls, my name had come up repeatedly. As a result ...  

Eike Batista, Brazil’s richest man, hired Morgan Stanley (MS) to sell a 30 percent stake in his CCX Carvao da Colombia SA coal unit as he seeks backing from international investors to expand his mining and oil assets. CCX, which started ...  

STAMFORD, Conn. — A judge agreed to hear evidence to dismiss a hate-crime case against a Morgan Stanley executive charged with stabbing a New York City taxi driver during a fare dispute. William Bryan Jennings didn’t speak during the brief ...  

Facebook and lead underwriter Morgan Stanley were sued on Wednesday by company shareholders who allege information was hidden about the social media company's expected revenue prior to its initial public offering last week. Reuters reports that the lawsuit was filed amid potential for the U.S. Securities and Exchange Commission to investigate the IPO amid claims information was being shared with some about Facebook's potential for lower...  

NEW YORK (TheStreet) -- Green Dot Corp., which has seen its shares fall 65% since Jan. 28 2011 and 50% since it went public in July 2010, finally earned a downgrade from Morgan Stanley, which had been recommending the stock since Sept. 2010. Morgan Stanley, which along with JPMorgan Chase, was lead underwriter on Green Dot's initial public offering in July 2010, lowered its recommendation to "equal weight" from "overweight," citing the...  

Everyone's getting pretty sick of the whole Facebook IPO thing (ourselves included), but here's one more tidbit for you before the holiday weekend... As you know, there was tremendous demand for Facebook stock prior to Facebook's IPO (and prior to small investors learning what big investors already knew, which was that Facebook had reduced its outlook for the second quarter). Basically, there was way more demand for Facebook stock than there...  

SAN FRANCISCO/NEW YORK May 25 (Reuters) - Silicon Valley isn't quite ready to dump Morgan Stanley over the Facebook IPO fiasco. It could be said that playing a role in botching the world's biggest tech initial public offering would be enough to ...  

Morgan Stanley, the lead investment bank in Facebook's troubled initial public offering, will compensate retail investors who overpaid when they bought Facebook's stock in Friday's IPO, according to a source familiar with the matter. FILE - In this May 18, 2012 file photo provided by Facebook, Facebook founder, Chairman and CEO Mark Zuckerberg, center, rings the Nasdaq opening bell from Facebook headquarters in Menlo Park, Calif. Robert...  

NEW YORK May 24 (Reuters ... Morgan Stanley Smith Barney, an affiliate unit of Facebook lead underwriter Morgan Stanley, did not receive from the Nasdaq stock market information about stock trades in a "systematic, orderly way," said one ...  

NEW YORK -(MarketWatch)- Morgan Stanley (NYSE:MS) told its financial advisers that the securities firm will adjust prices on a "few thousand" Facebook trades and that limit orders placed by retail brokerage clients wouldn't be filled at $43 a ...  

A source close to Morgan Stanley tells me the firm is holding a firm-wide conference call at 4PM New York time today to discuss the firm's role in the burgeoning Facebook IPO scandal. Another source close to the firm reports that Morgan Stanley has already held at least one such call... and that, during that call, my name came up repeatedly. I don't yet have detailed information about what was said on the prior call, but the gist of it...  

NEW YORK — Morgan Stanley (MS), the lead investment bank in Facebook's (FB) troubled initial public offering, will compensate retail investors who overpaid when they bought Facebook's stock in Friday's IPO, according to a source familiar with the matter.  

Morgan Stanley Rates Trader Adams to Move to Brevan HowardWall Street Journal (blog)By Matt Phillips Morgan Stanley interest rates trader David Adams is leaving the bank to take a position with hedge fund giant Brevan Howard, according to people familiar with the matter. Mr. Adams ran Morgan Stanley's interest rates trading desk in ...  

Morgan Stanley, the lead investment bank in Facebook's troubled initial public offering, will compensate retail investors who overpaid when they bought Facebook's stock in Friday's IPO, according to a source familiar with the matter. The person said the ...  

With the Facebook stock down 16%, lawsuits pending, and the Morgan Stanley franchise value having just taken an enormous hit, I would ask James Gorman and team at Morgan Stanley, “who is really the dumb money here?” I have no affiliation or business ...  

Banned equity research analyst turned tech blogger Henry Blodget has thrust himself into the Facebook IPO scandal, accusing Morgan Stanley of fingering him for the blame. But the media CEO, who agreed to a permanent ban from the securities industry in 2003 ...  

May 24 (Reuters) - Morgan Stanley will adjust thousands of trades to ensure outstanding limit orders to sell will be filled at no more than $42.99 a share for Facebook stock from last Friday's botched initial public offering, the firm told its ...  

Morgan Stanley Smith Barney, the world’s biggest brokerage, told its financial advisers yesterday that it will adjust prices on a few thousand client trades of Facebook Inc. (FB), according to a person on the conference call. The company also ...  

Three investors sued Facebook and chief executive Mark Zuckerberg on Wednesday, along with lead underwriter Morgan Stanley and a host of other underwriters, accusing them of withholding negative information about the social network's initial public ...  

Facebook suddenly spikes at the close on a surge in volume, ending above $33. Yesterday (Wednesday) it's up almost exactly $1, today it's up almost exactly $1. I'll make this simple: the best way for Morgan Stanley to get out of this mess is for them to ...  

Morgan Stanley reduces its rating on Green Dot (NYSE: GDOT) from Overweight to Equal-weight. Price target is also lowered from $60 to $25. Morgan Stanley comments, "GDOT remains the player to beat in prepaid, but we believe a less certain growth trajectory ...  

Morgan Stanley (MS) is being probed over whether its analysts gave privileged information to clients ahead of Facebook's (FB) initial public offering. Even after supposedly eye-opening events such as the financial crisis of 2008, the banking firm continues ...  

May 24 (Reuters) - Morgan Stanley will adjust thousands of trades to ensure no one pays more than $43 a share for Facebook stock from last Friday's botched initial public offering, the firm told its legion of brokers on Thursday, a person ...  

NEW YORK (MarketWatch) -- Morgan Stanley (NYSE:MS) intends to hold a 4 p.m. EDT conference call Thursday with its brokerage force to discuss Facebook Inc.'s (NASDAQ:FB) initial public offering, including trade reconciliation for clients and ...  

Morgan Stanley (NYSE: MS) has sent a letter 17,200 brokers at its Morgan Stanley Smith Barney brokerage houses telling the brokers that the bank is reviewing customer orders for the IPO of Facebook Inc. (NYSE: FB) and that the bank will make a price adjustment if the customer paid too much for the stock. That [...]  

The bank said late Tuesday that it "followed the same procedures for the Facebook offering that it follows for all IPOs," referring to initial public offerings of stock. It said that its procedures complied with regulations.  

Former Morgan Stanley Chief Executive Officer John Mack has joined the board of startup LendingClub Corp., marking at least the third advisory role he’s taken in the past six months. Mack becomes the fifth director at LendingClub, a closely ...  

From an ‘inciteful’ Reuters: Insight: Morgan Stanley cut Facebook estimates just before IPO By Alistair Barr May 22, 2012 (Reuters) – In the run-up to Facebook’s $16 billion IPO, Morgan Stanley, the lead underwriter on the deal, unexpectedly delivered some negative news to major clients: The bank’s consumer Internet analyst, Scott Devitt, was reducing his [...]  

CHICAGO, May 24, 2012 /PRNewswire/ -- Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include...  

NEW YORK -(Dow Jones)- Morgan Stanley (MS) told its financial advisers that the securities firm will adjust prices on a "few thousand" Facebook trades and that limit orders placed by retail brokerage clients wouldn't be filled at $43 a share or ...  

Updated throughout the day on the 24/7 Wall St.Wire Capital Research & Management was warned about revenue expense cuts at Facebook before its IPO (WSJ) China’s CIC may make a $2 billion investment in Alibaba (Reuters) The Times-Picayune newspaper in New Orleans may make substantial job cuts (NYT) Douglas A. McIntyre Filed under: Rumors  

According to the newspaper, Commerzbank Chairman Klaus-Peter Mueller said that the cap had been removed to 'make sure that good board members stay with the bank and that the bank remains sufficiently attractive to top people from outside'.  

Regulators are looking into a report that Morgan Stanley, the lead underwriter for Facebook's initial public offering last week, shared a negative assessment of the social network with major clients ahead of the IPO. Rick Ketchum, head of the Financial Industry Regulatory Authority, an independent regulatory body, acknowledged an article from Reuters saying that a Morgan Stanley analyst reduced his revenue projections for Facebook shortly...  

Morgan Stanley  intends to hold a 4 p.m. EDT conference call Thursday with its brokerage force to discuss ... A Fidelity spokesman wouldn’t say whether the company would reimburse its customers, though he added it’s “working with ...  

NEW YORK — 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.  

NEW YORK (MarketWatch) -- Morgan Stanley (NYSE:MS) is reviewing orders placed by its retail brokerage clients for shares of Facebook Inc. (NASDAQ:FB) on a trade-by-trade basis and will make price adjustments if those clients paid too much for ...  

In fact, Morgan Stanley and the other banks who were selling Facebook shares to the public were positioned to make more money the lower Facebook's shares went. "We think Morgan has done pretty well on the deal," says a person at a bank that was ...  

(Reuters) - Morgan Stanley and other underwriters have made a profit of about $100 million stabilizing Facebook stock since trading began on Friday, the Wall Street Journal said, citing people familiar with the matter. Facebook's listing, envisioned as a crowning moment for an eight-year-old company that has become a business and cultural phenomenon, has instead turned into a legal and public relations fiasco for the company and its lead...  

Morgan Stanley and other underwriters have made a profit of about $100 million stabilizing Facebook Inc. stock since trading began Friday, people familiar with the matter said. As the lead underwriter responsible for Facebook's IPO, Morgan ...  

The suit was filed in the U.S. District Court for the Southern District of New York in Manhattan. According to a report published by Reuters, Morgan Stanley shared a negative assessment of the social network with major clients ahead of Facebook ...  

VANCOUVER, British Columbia, May 23, 2012 /PRNewswire-Asia/ -- Insiderslab.com has issued insider trading reports and Equity Research for the following companies: Morgan Stanley (NYSE:MS), Pfizer (NYSE:PFE), Duke Energy (NYSE:DUK), Walter Energy (NYSE:WLT), SandRidge Energy...  

More bad news for Facebook and its lead underwriter, Morgan Stanley. Massachusetts Secretary of Commonwealth is subpoenaing Morgan Stanley over the issue of analyst disclosures, Reuters reports. Reportedly, Facebook and Morgan Stanley told clients that Facebook's business was not going to be as strong as expected. It did not disclose that publicly, though. If this is true it's trouble for both companies. For more read: EXCLUSIVE: The Inside...  

Green Dot (NASDAQ: GDOT) was downgraded by equities research analysts at Morgan Stanley (NYSE: MS) from an “overweight” rating to an “equal weight” rating in a research note issued to investors on Thursday. They currently have a $25.00 price target ...  

On Friday, after the Facebook IPO, we wrote a response to those who were complaining about the lack of a first day stock "pop." While the press seems to love those first day pop stories, we've argued for well over a decade that such things are merely signs of a stock being underpriced by Wall Street, causing the company to leave money on the table that it should have received in exchange for its shares. As more details come out about the...  

Wall Street giant Morgan Stanley could be risking millions of dollars in penalties and is already facing lawsuits over its role in Facebook’s flawed initial public offering. “If I were Morgan Stanley, I’d be more than a little worried,” said Tom ...  

CTV.caMorgan Stanley, others make $100 million profit on Facebook trades: WSJReuters(Reuters) - Morgan Stanley and other underwriters have made a profit of about $100 million stabilizing Facebook stock since trading began on Friday, the Wall Street Journal said, citing people familiar with the matter. Facebook's listing, envisioned as ...Morgan Stanley, others make $100 mln profit on Facebook trades - reportsReuters IndiaFacebook Investor...  

May 22 (Bloomberg) -- Bloomberg's Jon Erlichman reports on a Massachusetts regulator's decision to subpoena to Morgan Stanley over talks between a research analyst and institutional investors on revenue prospects for Facebook Inc. Morgan Stanley defended its role in the initial public offering. Erlichman speaks on Bloomberg Television's "Bloomberg West." Bloomberg's Emily Chang also speaks. (Source: Bloomberg)  

Regulators are examining whether Morgan Stanley, the investment bank that shepherded Facebook through its highly publicized stock offering last week, selectively informed clients of an analyst's negative report about the company before the stock started trading. Rick Ketchum, the head...  

Morgan Stanley will use some of the gains to reimburse clients ... and raised its asking price to a range of $34 to $38 from $28 to $35. The stock rose 2.9 percent to $32.93 at 9:32 a.m. in New York today. Larry Yu, a spokesman for Menlo Park ...  

Morgan Stanley Gets Hit With Scrutiny And Subpoena Facebook?s (FB) blown IPO has investors and regulators sharpening knives, and they?re pointing at lead underwriter Morgan Stanley (MS). Regulators at the Financial Industry Regulatory Authority, as well as Massachusetts Secretary of the Commonwealth William Galvin, are looking into whether the bank tipped off some but not ...  

Morgan Stanley on Tuesday defended its handling of Facebook's initial public offering after reports surfaced that the company failed to warn retail investors days before the IPO that earnings estimates were falling...  

PRLog (Press Release) - May 23, 2012 - Morgan Stanley (NYSE:MS): By the end of Tuesday’s trading, Morgan Stanley (NYSE:MS) rose US$0.12 per share (equivalent to 0.91%), where stock prices went up to US$13.31. In the past 52 weeks, Morgan Stanley share ...  

Regulators are examining whether Morgan Stanley, the investment bank that shepherded Facebook through its highly publicized stock offering last week, selectively informed clients of an analyst's negative report about the company before the stock started trading. Rick Ketchum, the head of the Financial Industry Regulatory Authority, the self-policing body for the securities industry, said Tuesday that the question is "a matter of regulatory...  

NEW YORK (Reuters) - Massachusetts Secretary of Commonwealth William Galvin has issued a subpoena to Morgan Stanley over an analyst's discussions with investors on Facebook "The Securities Division has put out a subpoena to Morgan Stanley in ...  

As lead underwriter, Morgan Stanley would receive the largest chunk of the profits arising from stabilising Facebook’s stock price, sources told the US newspaper. These profits come on top of millions of dollars earned in IPO fees. The underwriters made ...  

Regulators are looking into a report that Morgan Stanley, the lead underwriter for Facebook's initial public offering last week, shared a negative assessment of the social network with major clients ahead of the IPO. The comments from Rick Ketchum, head of the Financial Industry Regulatory Authority, an independent regulatory body, came after an article from Reuters said that a Morgan Stanley analyst reduced his revenue projections for...  

(Reuters) - Morgan Stanley (MS.N) and other underwriters have made a profit of about $100 million stabilizing Facebook (FB.O) stock since trading began on Friday, the Wall Street Journal said, citing people familiar with the matter. Facebook's ...  

According to a research report this morning, Morgan Stanley expects a strong quarter for Under Armour (NYSE: UA) improves operations and continues its success within the lightweight running shoe trend. Morgan Stanley explained, “We estimate of the sell ...  

(Reuters) - Morgan Stanley and other underwriters have made a profit of about $100 million stabilizing Facebook stock since trading began on Friday, the Wall Street Journal said, citing people familiar with the matter. Facebook's listing ...  

May 22 - Facebook shares remain under pressure after it was revealed the Internet analyst at lead underwriter Morgan Stanley cut his revenue forecasts at the same time the bank was pitching the IPO to potential investors. Conway G. Gittens reports.  

The chairman of the Financial Industry Regulatory Authority said regulators plan to review allegations that such information was shared only with certain investors. Morgan Stanley has said that revised analyst views were taken into account in setting the ...  

Teva Pharmaceutical Industries Ltd. (TEVA) dropped to the lowest level this year in New York after Morgan Stanley said the Israeli company is losing its share of the U.S. generic drug market. American depositary receipts of Teva, the world’s ...  

As a lead underwriter, Morgan Stanley would receive the largest chunk of those profits arising from stabilizing Facebook's stock price, the people told the Journal. These profits come on top of millions of dollars of IPO fees, according to the newspaper.  

May 24 (Reuters) - Morgan Stanley and other underwriters have made a profit of about $100 million stabilizing Facebook stock since trading began on Friday, the Wall Street Journal said, citing people familiar with the matter. Facebook's listing ...  

as the lead underwriter and other banks face a fresh investor lawsuit over the how the deal was handled. Morgan Stanley said it was reviewing orders placed by its retail brokerage clients for Facebook shares on a trade-by-trade basis and will ...  

Morgan Stanley (NYSE: MS) is apparently in full disaster control mode after the Facebook (Nasdaq: FB) IPO debacle. Today the company sent out a memo to 17,200 financial advisers at its Morgan Stanley Smith Barney retail brokerage joint venture saying they ...  

Facebook's (FB) stock sank below its IPO price this morning. Today is the stock's first day on the public market without Morgan Stanley (MS) the IPO's lead underwriter supporting it. On Friday Morgan Stanley intervened and bought shares to keep the price above $38 after seeing less-than-anticipated institutional demand. Now that the training wheels are off Facebook dropped 11.62%. Morgan Stanley shares also suffered this morning. Facebook's...  

Morgan Stanley (MS) defended its role in Facebook Inc. (FB)’s initial public offering after a Massachusetts regulator subpoenaed the bank over talks between an analyst and investors about the social media company’s revenue outlook.  

In the run-up to Facebook's $16 billion IPO, Morgan Stanley, the lead underwriter on the deal, unexpectedly delivered some negative news to major clients: The bank's consumer Internet analyst, Scott Devitt, was reducing his revenue forecasts for the company.  

(CNET) The Facebook (FB) IPO can now safely be said to rank among the sloppiest tech offerings in recent memory. In the latest installment of this "clusterzuck," Reuters has obtained an internal memo reporting that Morgan Stanley is ready to ...  

Morgan Stanley, the lead firm in Facebook's IPO, allegedly sent out a cautionary note that the company's outlook was weakening -- but only to a select group of the bank's top clients. Anthony Mason reports on Facebook's fiasco.  

As Facebook Inc. (FB) and Morgan Stanley executives gathered on a call May 17 to arrange terms for the social-networking company’s initial public offering, they faced a trade-off: set the IPO price low and give up enough money to let investors ...  

WASHINGTON -- A class-action lawsuit was filed Wednesday against Facebook Inc., Morgan Stanley & Co., and the other Wall Street banks that underwrote the Facebook's initial public offering, alleging they misled most shareholders about revenue ...  

NEW YORK (MarketWatch) -- Shares of Morgan Stanley dropped 2.7% on Wednesday to $12.95, as the bank continued to deal with fallout from the initial public offering of Facebook Inc. , for which it was the lead underwriter. The Massachusetts Secretary of the Commonwealth said late Tuesday that his securities division issued a subpoena to Morgan Stanley in connection with talks between one of their analysts and certain institutional investors...  

CLEVELAND, May 22, 2012 /PRNewswire/ -- KeyCorp (NYSE: KEY) announced today that Chairman and Chief Executive Officer Beth E. Mooney  and Chief Financial Officer Jeffrey B. Weeden will present at the Morgan Stanley Financials Conference in New York City on Tuesday, June 12,...  

BEGIN TRANSCRIPT RUSH: The Facebook IPO. Ho-ho-ho-ho! Oh-ho-ho-ho-ho! Somebody's gonna have to pay for this. These are Obama's buddies at Facebook. (interruption) Well, because the bottom's falling out. They can't maintain the initial price, the 38 bucks. (interruption) Right. Well, okay. So somebody's gonna have to pay the price for this. Somebody's gonna get the blame for this. You can't have these people losing Obama money like this. That...  

May 23 (Bloomberg) -- Morgan Stanley analysts lowered their 2012 projection for Facebook Inc.'s profit by 5.9 percent days before boosting the price range on the social-networking site's initial public offering, according to people familiar with ...  

NEW YORK May 23 (Reuters) - Morgan Stanley told brokers on Wednesday it is reviewing every Facebook Inc trade and will make price adjustments for retail customers who paid too much during the social network company's debut last week, according ...  

Morgan Stanley told brokers on Wednesday that it is reviewing every Facebook Inc. trade and will make price adjustments for retail customers who paid too much during the social network company's debut last week, according to an internal memo.  

A spokesman for Morgan Stanley declined to comment ... Tobin College of Business at St. John’s University, said that it’s hard to tell whether the suit has merit, because it’s based on a single Reuters report. “It’s still somewhat ...  

Facebook (FB) and lead underwriter Morgan Stanley (MS) were reportedly hit with another shareholder lawsuit on Wednesday over the social network’s controversial initial public offering. The latest lawsuit comes even as Facebook’s shares ...  

“They definitely lowered their numbers and there was some concern about that. My biggest hedge fund client told me they lowered their numbers right around mid-roadshow.” — Scott Sweet of research firm IPO Boutique, on how lead underwriter Morgan Stanley “significantly” cut...  

The Facebook IPO can now safely be said to rank among the sloppiest tech offerings in recent memory. In the latest installment of this "clusterzuck," Reuters has obtained an internal memo reporting that Morgan Stanley is ready to make price ...  

LONDON, May 23 (IFR) - Morgan Stanley's head of EMEA FIG capital markets ... Parekh will join and report to Joe Scoby who is chief executive officer of PEAK6 Advisors. Scoby joined PEAK6 in January 2012 after leaving UBS where he led UBS's ...  

(Reuters) - Morgan Stanley said its procedures for the Facebook Inc's initial public offering were "in compliance with all applicable regulations." "Morgan Stanley followed the same procedures for the Facebook offering that it follows for all IPOs," spokesman Pen Pendleton said in a statement. "These procedures are in compliance with all applicable regulations. ...  

After Facebook's stock tumbled following a highly anticipated IPO, regulators are looking at the part Morgan Stanley and other banks played in forecasting the outcome -- and how much they told investors. According to Reuters, a web analyst at Morgan ...  

Morgan Stanley will make price adjustments for clients who paid too much for shares of Facebook, sources say --Most Facebook orders have been processed, a very limited number are pending, company tells brokers --"I don't think it's unusual for a ...  

Updated throughout the day on the 24/7 Wall St. Wire Morgan Stanley analysts cut their outlook for Facebook ahead of its IPO (Reuters) Blackrock and associates bought 20% of Formula One Group ahead of its Singapore IPO (WSJ) Douglas A. McIntyre Filed under: Rumors  

Michael Grimes, global co- head of technology investment banking, also played a key role. Morgan Stanley, already taking heat for helping price the IPO, received more scrutiny yesterday. The company may face regulatory review over claims an analyst shared ...  

Morgan Stanley, Facebook, Nasdaq and investors all cop the blame as price tumbles First Post Jonathan Harwood LAST UPDATED AT 15:57 ON Tue 22 May 2012 THE KNIVES are out on Wall Street over the Facebook IPO, which turned sour on Monday as shares in the social network plunged 11 per cent and ended the day at just over $34 a share. The company, its main underwriters Morgan Stanley, investors and even the...  

Facebook Inc et al, U.S. District Court, Southern District of New York, No. 12-04081. (Additional reporting by Alistair Barr in San Francisco, Nadia Damouni and Olivia Oran in New York, and Sarah N. Lynch in Washington, D.C.) Facebook Inc and ...  

Former Rep. Harold Ford on Wednesday defended Morgan Stanley’s handling of the Facebook IPO, predicting that the stock price will recover despite the social network company’s disappointing first few days of trading. “I stand by it, this ...  

Secretary of the Commonwealth William Galvin is subpoenaing investment house Morgan Stanley over questions surrounding its underwriting of Facebook’s initial public offering. Reuters and other media reported today that Morgan Stanley and other firms that ...  

As the dust settles on Facebook's botched IPO, a lot of fingers are being pointed, regulators are investigating and at least one class action lawsuit has been filed against Morgan Stanley and Facebook. "There are issues that we need to look at ...  

Galvin said his office is investigating whether Morgan Stanley divulged to only some clients that one of its analysts had cut his revenue estimates for Facebook before the stock hit the market on Friday ... Stanley had told only select clients about ...  

NEW YORK (TheStreet) -- European banks will sell an estimated $380-$760 billion in commercial real estate (CRE) loans over the next five years, leading to investing and lending opportunities for several U.S. players, according to a Morgan Stanley report published Friday. Banks in the European Union have already announced plans to unload $380 billion of that total, including some $50 billion in U.S. exposure, Morgan Stanley's analysts estimate...  

Secretary of the Commonwealth William Galvin is subpoenaing investment house Morgan Stanley over questions surrounding its underwriting of Facebook’s initial public offering. Reuters and other media reported today that Morgan Stanley and other firms that ...  

CNN Money - Found 4 hours agoReputation aside, Facebook's bungled IPO turned out to be a very good trade for its investment bankers. FORTUNE -- Here's another example of how on Wall Street for the big banks it's heads they win, tails they win. Even as Facebook's shares dropped, causing losses for regular investors, Morgan and ... Shareholders sue Facebook, NYSE comes calling - Reuters Morgan...  

It gets worse for Facebook's public debut. The SEC and FINRA are now going to investigate what really happened with Facebook's IPO, Reuters reports. The stock is trading down on the news. It's down seven percent today, and fell after this news broke. FINRA chairman Richard Ketchum is looking at whether or not Morgan Stanley and Facebook shared negative news with institutional clients without telling the public at large. SEC Chair Mary Shapiro...  

NEW YORK--(BUSINESS WIRE)--Morgan Stanley Smith Barney today announced that in partnership with The Women’s Foundation of California, it has launched the Morgan Stanley Smith Barney customized edition of It’s A Money Thing! A Girl’s Guide to Managing Money. “Morgan Stanley Smith Barney is committed to financial education and the advancement of women and girls, so we’re particularly pleased to support this venture,” said Jim Tracy, Director of...  

(Please visit the site to view this media)According to Reuters, FINRA's Ketchum said, "Allegations if true, are a matter of regulatory concern," reports CNBC's Kayla Tausche....(read more)Forward this article via email:  Send a copy of this story to someone you know that may want to read it.  

Morgan Stanley faces a big reputational risk due to the securities firm’s handling of Facebook’s IPO, says CLSA’s Mike Mayo, adding it could ... accountability at a company whose share price has performed the worst of any large bank ...  

Matt Levine had a very wonky post on Friday afternoon about the dynamics of the Facebook IPO in general and of the very misunderstood greenshoe option in particular. Now that we’ve all had a nice relaxing weekend, it’s maybe worth revisiting that greenshoe, because it’s actually possible, given Facebook’s tumbling share price today, that Morgan Stanley will make a substantial amount of money on it. First, it’s worth explaining how the...  

WASHINGTON (AP) — Regulators are examining whether Morgan Stanley, the investment bank that shepherded Facebook through its highly publicized stock offering last week, selectively informed clients of an analyst's negative report about the ...  

FortuneMorgan Stanley to adjust prices on Facebook tradesReutersBy Joseph A. Giannone | NEW YORK May 23 (Reuters) - Morgan Stanley told brokers on Wednesday it is reviewing every Facebook Inc trade and will make price adjustments for retail customers who paid too much during the social network company's debut last ...Facebook Shares Climb In Wednesday TradingWall Street JournalSenate panel looking at Facebook IPO dealCNNMoneyFacebook, banks...  

Galvin said his office is investigating whether Morgan Stanley divulged to only some clients that one of its analysts had cut his revenue estimates for Facebook before the stock hit the market on Friday. The bank said late Tuesday that it "followed the ...  

His name (hint: you've seen it in recent headlines) was John Pierpont Morgan, the redoubtable founding father of today's JPMorgan Chase. At the time, Morgan was without peer in American banking, simultaneously the old man and the great innovator of American finance.  

NEW YORK, May 22 (UPI) -- U.S. and Massachusetts securities regulators are looking into possible irregularities in Facebook Inc.'s initial public offering, officials said. Morgan Stanley may have provided some institutional investors with an ...  

Massachusetts' top securities regulator has subpoenaed Morgan Stanley related to allegations that it gave some clients negative information about Facebook before last week's initial public offering. In a statement Tuesday, Secretary of the Commonwealth ...  

In the run-up to Facebook’s $16 billion IPO, Morgan Stanley, the lead underwriter on the deal, unexpectedly delivered some negative news to major clients: The bank’s consumer Internet analyst, Scott Devitt, was reducing his revenue forecasts ...  

SAN FRANCISCO (MarketWatch) -- Massachusetts has subpoenaed Morgan Stanley over its handling of sensitive information on Facebook ahead of the social media website's multi-billion dollar initial public offering, media reports said Tuesday. The state's securities division issued the subpoena following a Reuters report that Morgan Stanley cut its revenue outlook on Facebook just before the IPO and discussed it with select institutional...  

Visit StreetInsider.com at http://www.streetinsider.com/Corporate+News/FINRA+says+claims+Morgan+Stanley+%28MS%29+reduced+outlook+on+Facebook+%28FB%29+ahead+of+IPO+will+be+probed+-Reuters/7462590.html for the full story.  

NEW YORK -(Dow Jones)- Morgan Stanley (MS) is reviewing orders placed by its retail brokerage clients for shares of Facebook Inc. (FB) on a trade-by-trade basis and will make price adjustments if those clients paid too much for the stock ...  

Each day, we here at "Piers Morgan Tonight" put together the news you need to know – from what happened last night to what will happen today. For May 23, 2012 – Morgan Stanley investigated over Facebook IPO, Egypt votes in historic election ...  

PITTSBURGH, May 22, 2012 /PRNewswire/ -- GNC Holdings, Inc. (NYSE: GNC, the "Company"), a leading global specialty retailer of nutritional products, today announced that Mike Nuzzo, the Company's Executive Vice President and Chief Financial Officer, will present at the Morgan Stanely...  

By Felix Salmon: Matt Levine had a very wonky post on Friday afternoon about the dynamics of the Facebook (FB) IPO in general and of the very misunderstood greenshoe option in particular. Now that we’ve all had a nice relaxing weekend, it’s maybe worth revisiting that greenshoe, because it’s actually possible, given Facebook’s tumbling share price today, that Morgan Stanley (MS) will make a substantial amount of money on it. First, it’s...  

Massachusetts Secretary of Commonwealth William Galvin has issued a subpoena to Morgan Stanley over the discussions with investors on Facebook. It is unusual for analysts at lead underwriters to make such changes so close to the IPO, sources said. It is ...  

NEW YORK May 22 (Reuters) - Massachusetts Secretary of Commonwealth William Galvin has issued a subpoena to Morgan Stanley over an analyst's discussions with investors on Facebook. "The Securities Division has put out a subpoena to Morgan ...  

NEW YORK -- Securities regulators are amping up their interest in Facebook's lackluster initial public offering. Morgan Stanley may have shared an analyst's negative reports with some institutional investors but not others ahead of the social ...  

BENTONVILLE, Ark.--(BUSINESS WIRE)--Wal-Mart Stores, Inc. (NYSE: WMT) will participate in the Morgan Stanley Retail & Restaurants Conference in Boston on Wednesday, May 23. Walmart U.S. CEO Bill Simon will provide an update on the Walmart U.S. business beginning at 1 p.m. EDT. Click here to follow Simon’s presentation. The presentation will be webcast live through links at http://www.walmartstores.com/investors and a transcript will be...  

MINYANVILLE ORIGINAL After getting a bounce yesterday which was possibly fuelled by positive comments from Warren Buffett US financial stocks took a beating today. Morgan Stanley (MS) was among the hardest hit declining 2.48%. According to an SEC filing the bank's counterparties might demand as much as $7.21 billion in collateral if Moody's makes good on its promise to downgrade it by two notches. Morgan Stanley might see its rating fall by as...  

(Reuters) - In the run-up to Facebook's $16 billion IPO, Morgan Stanley, the lead underwriter on the deal, unexpectedly delivered some negative news to major clients: The bank's consumer Internet analyst, Scott Devitt, was reducing his revenue forecasts for the company.  

In another sign of person-to-person lending moving into the financial mainstream, Lending Club said Thursday that former Morgan Stanley Chairman and CEO John Mack joined Lending Club’s board of directors. Lending Club CEO Renaud Laplanche said Mack’s experience at Morgan Stanley with fixed-income investments will be a big plus for the San Francisco company, which operates a lending platform connecting investors with creditworthy borrowers...  

Needham analyst Laura Martin initiated coverage on the social ... on behalf of all persons who purchased the common stock of Faceb ... Chris Brandl, who grew up in Farmingdale, carefully watched his mentor, Chef Toni Froio of...- 10:55 am State ...  

WASHINGTON May 22 (Reuters) - The Financial Industry Regulatory Authority's chairman said on Tuesday that regulators plan to review allegations that Morgan Stanley shared negative news before Facebook's initial public offering with institutional investors.  

Morgan rose its exposure to France from $1.7 billion to over $4 billion year ended as of Dec. 31. Whatever the market is pricing in for Morgan Stanley, its not good, and I have a feeling European exposure will be to blame, and not Facebook.  

NEW YORK -- It's no surprise to anyone that big investors get preferential treatment on Wall Street. Investors expressed disappointment, skepticism and even shock on Tuesday after learning that an analyst at lead underwriter Morgan Stanley cut ...  

Regulators are looking into a report that Morgan Stanley, the lead underwriter for Facebook's initial public offering last week, shared a negative assessment of the social network with major clients ahead of the IPO.  

But now, investors are blaming lead underwriter Morgan Stanley (MS) for raising the price and allocation while at the same time, Scott Devitt, the bank’s Internet analyst was lowering his revenue estimates for the company, Reuters reported.  

Facebook Inc. (FB) flooded the market with too many shares amid its initial public offering, according to Wedbush Securities Inc. analyst Michael Pachter. It was the company’s failure to gauge demand -- and not concern over its growth ...  

Despite tough conditions, Morgan Stanley's Australian investment banking business has bucked the trend of weakening profits in the local sector to report growth in its after-tax profit and a healthy dividend, according to a report by The Australian.  

Facebook, its banks and some of its biggest backers could face allegations of insider trading if legal actions which began this week reveal preferential treatment to certain investors in the run-up to its now infamous $16bn stock market debut. If analysts ...  

Damien Brosnan has resigned from his job on the equity syndicate desk at Morgan Stanley and, according to sources, will move to UBS where he will become head of equity syndicate for Asia ex-Japan. He will take over from Ross Baildon, who resigned from UBS ...  

Hertz (HTZ) and Zipcar (ZIP) got a boost this morning from reports put out by Morgan Stanley analyst Adam Jonas urging investors to buy the stocks. ZIP shares re up 5.6% and HTZ shares are up 3.2%. Zipcar in particular needed some good news ...  

NEW YORK (Reuters) - Morgan Stanley's brokerage affiliate, Morgan Stanley Smith Barney, has a "large number" of market orders entered on Friday for Facebook shares that still have not been reconciled, according to an adviser at the firm. The adviser, who is not allowed to talk to the media and who declined to be identified, received an email from Morgan Stanley Smith Barney sent to financial advisers right after Morgan Stanley Smith Barney's...  

BOSTON — Massachusetts' top securities regulator has subpoenaed Morgan Stanley related to allegations that it gave some clients negative information about Facebook before last week's initial public offering. In a statement Tuesday, Secretary ...  

In the most hotly anticipated stock debut in years, the offering raised $16 billion for the social networking company, valuing it at $104 billion On Tuesday, Robert Greifeld, the CEO of the Nasdaq Stock Market, acknowledged to shareholders of ...  

Morgan Stanley (MS) defended its role in Facebook Inc. (FB)’s initial public offering after a Massachusetts regulator subpoenaed the bank over talks between an analyst and investors about the social media company’s revenue outlook. “Morgan ...  

Taking the most heat is Morgan Stanley, said Mullaney. The bank was lead underwriter among the ... Zijing Wu in London, Nina Mehta and Whitney Kisling in New York, Brian Womack and Ari Levy in San Francisco and Olga Kharif in Portland also contributed ...  

“They were joined at the hip.” via Inside Fumbled Facebook Offering – WSJ.com. A separate lawsuit brought against Nasdaq OMX Group, alleges negligence on the part of the stock exchange operator, which delayed the initial trading in ...  

However, both of those reports came out before Facebook started trading, putting Morgan Stanley in the spotlight for all the wrong reasons. Even so, one fixed income specialist said there was no "feeding frenzy" in Morgan Stanley debt on Friday.  

NEW YORK (Reuters) - The Financial Industry Regulatory Authority's chairman said on Tuesday that regulators plan to review allegations that Morgan Stanley shared negative news before Facebook's initial public offering with institutional investors. "The allegations, if true, are a matter of regulatory concern" to FINRA and SEC, Ketchum told Reuters. (Edited by Walden Siew)  

New York : Let the Facebook Inc. finger-pointing begin. After one of the most anticipated initial public offerings in history Facebook's 11 per cent drop on Monday and a further decline yesterday prompted investors to fault everything from Morgan Stanley's ...  

Chang announced his decision on Monday in a resignation letter he submitted to Morgan Stanley obtained by Reuters. "Having followed this market for the past several years, I believe it represents one of the most compelling investment opportunities ...  

According to Reuters‘ Alistair Barr, Morgan Stanley‘s consumer Internet analyst Scott Devitt lowered his revenue outlook for Facebook on the heels of a May 9 updated SEC filing that indicated the social network has seen more users migrate to ...  

Let the Facebook Inc. (FB) (FB) finger-pointing begin. After one of the most anticipated initial public offerings in history, Facebook’s 11 percent drop (FB) yesterday prompted investors to fault everything from Morgan Stanley’s role as lead ...  

Alistair Barr / Reuters: Insight: Morgan Stanley cut Facebook estimates just before IPO  —  (Reuters) - In the run-up to Facebook's $16 billion IPO, Morgan Stanley, the lead underwriter on the deal, unexpectedly delivered some negative news to major clients: The bank's consumer Internet analyst, Scott Devitt, was reducing his revenue forecasts for the company.  

May 21, 2012 2:00 AM[NEW YORK] Morgan Stanley, the lead underwriter in Facebook's initial public offering, stands to take a hit from a stock market debut that stoked disappointment among investors in the largest social network.  

Finra’s chief didn’t say whether his Washington-based agency is investigating Morgan Stanley. (MS) John Nester, a spokesman for the SEC, declined to comment. To contact the reporter on this story: Steven Sloan in Washington at ssloan7 ...  

REUTERS - In the run-up to Facebook's (FB.O) $16 billion IPO, Morgan Stanley (MS.N), the lead underwriter on the deal, unexpectedly delivered some negative news to major clients: The bank's consumer Internet analyst, Scott Devitt, was reducing ...  

Why did Facebook get off to such a rocky start on Wall Street? Well, it might have something to do with Morgan Stanley's decision to slash its revenue forecast at the last minute, Reuters reports. "This was done during the roadshow," says one mutual fund source. "I've never seen that...  

Let the Facebook Inc. (FB) finger-pointing begin. After one of the most anticipated initial public offerings in history, Facebook’s 11 percent drop yesterday prompted investors to fault everything from Morgan Stanley’s role as lead underwrit ...  

Featured Read: Facebook is a bubble and it will burst Facebook falls 10% below offer price Investors unfriend Facebook as stock falls 11 percent In the run-up to Facebook’s $16 billion IPO, Morgan Stanley , the lead underwriter on the deal, unexpectedly ...  

A spokesperson for Galvin told Reuters, “The Securities Division has put out a subpoena to Morgan Stanley in connection with the analyst’s discussion with certain institutional investors about the revenue prospects for Facebook.”  

If there was any communication at all between Facebook and its underwriters regarding the analysts' estimates, Facebook will likely be on the hook for this, too. A more generous explanation of the incident could be that the "Chinese Wall ...  

An SEC spokesman declined to comment, though Reuters reported that agency chairwoman Mary Schapiro told reporters Tuesday that there are "issues that we need to look at specifically with respect to Facebook." In addition, the news agency said, the ...  

Morgan Stanley notes, "Avis Budget is by far the cheapest equity in global car rental. Exposure to an industry undergoing transformational change should offset concerns over earnings volatility, European risks and competitive pressures from larger RAC peers.  

May 22 (Bloomberg) -- Let the Facebook Inc. finger-pointing begin. After one of the most anticipated initial public offerings in history, Facebook's 11 percent drop yesterday prompted investors to fault everything from Morgan Stanley's role as ...  

May 19 (Bloomberg) -- Morgan Stanley, the lead underwriter in Facebook Inc.’s initial public offering, stands to take a hit from a stock market debut that stoked disappointment among investors in the largest social network. The bank stepped in to prop up the stock from dipping below its $38 IPO price yesterday, said people with knowledge of the matter, who asked not to be identified because the purchases were private. Morgan Stanley, based in...  

Another big insider trading trial kicks off, a Morgan Stanley analyst cut Facebook projections ahead of Friday’s IPO and the day’s dose on JPMorgan trading losses. And still more in today’s Wall Street roundup. As shown above, Mr. Brodsky ...  

Amazon is selling preorders of Samsung's unlocked Galaxy S III smartphone for $800. Dell (NASDAQ:DELL)  slumped 13% to $13.15 as the company’s first-quarter adjusted earnings of 43 cents a share fell short of the 46 cents a share expected in ...  

NEW YORK (MarketWatch) -- The consumer Internet analyst at Morgan Stanley , the lead underwriter for last week's Facebook Inc. IPO, trimmed his outlook for the social-networking firm's revenues just days before the deal went live, Reuters reported Tuesday. The report said that the action, which it said was relayed to some of Morgan's major clients during Facebook's pre-IPO road show, came as a surprise to many potential investors so close to...  

NEW YORK (Reuters) - Lead Facebook Inc underwriter Morgan Stanley took a bet earlier this week when it increased the size of the social networking firm's $16 billion initial public offering and it boosted the price. Thanks to massive hype surrounding ...  

Film at 11. Read more posts by Dan Amira Filed Under: politics ,harold ford ,bain capital ,early and obvious ,cory booker  

NEW YORK May 18 (Reuters) - Lead Facebook Inc underwriter Morgan Stanley took a bet earlier this week when it increased the size of the social networking firm's $16 billion initial public offering and it boosted the price. Thanks to massive hype ...  

The chairman of the Financial Industry Regulatory Authority told Reuters that regulators plan to review the allegations that ... an editor-at-large for Business 2.0 magazine, and a senior producer for CNN. He's now an executive editor at CNET ...  

NEW YORK -(MarketWatch)- Morgan Stanley (MS) has a number of Facebook Inc. (FB) orders submitted by financial advisers for its brokerage clients on Friday that "remain unexecuted," according to people familiar with the situation.  

BENTONVILLE, Ark., May 21, 2012 (BUSINESS WIRE) -- Wal-Mart Stores, Inc. (NYSE:WMT) will participate in the Morgan Stanley Retail & Restaurants Conference in Boston on Wednesday, May 23. Walmart U.S. CEO Bill Simon will provide an update on the ...  

Morgan Stanley was the lead underwriter on Facebook's initial public offering (IPO) and was responsible for helping to set the price at which the company floated. "What they [the underwriters] succeeded in doing was milking market sentiment," said Andrew ...  

Katy Huberty, Morgan Stanley's chief Apple (AAPL) analyst, issued an elaborate report Monday entitled AAPL: How Do You Do Risk Management? that I can't pretend to understand completely -- not even the title. But two takeaways are clear: (I quote ...  

Matt Levine had a very wonky post on Friday afternoon about ... given Facebook’s tumbling share price today, that Morgan Stanley will make a substantial amount of money on it. First, it’s worth explaining how the greenshoe option is meant to work.  

With the third day on the books, Facebook’s stock is down even further than yesterday, to $31.12, well below the $38 IPO price. Friday’s glitches caused massive confusion and has even led to a lawsuit against the Nasdaq, which has seen its reputation tarnished. Now Morgan Stanley is also getting the side-eye because the financial firm, the lead underwriter on the initial public offering, unexpectedly cut Facebook’s revenue forecast. The way...  

BELLEVUE, Wash., May 18, 2012 /PRNewswire/ -- Coinstar, Inc. (Nasdaq: CSTR) announced that Galen C. Smith, Senior Vice President of Finance of its Redbox business, plans to present at the 2nd Annual Morgan Stanley Retail & Restaurant Conference in Boston on Wednesday, May 23,...  

Felix Salmon: Morgan Stanley's $2.4 billion Facebook short  —  Matt Levine had a very wonky post on Friday afternoon about the dynamics of the Facebook IPO in general and of the very misunderstood greenshoe option in particular.  Now that we've all had a nice relaxing weekend, it's maybe worth revisiting that greenshoe …  

Facebook shares hovered around $32 Wednesday morning, its fourth day of trading, as several banks involved in the company’s initial public offering have come under scrutiny. Reuters reported Tuesday that the Massachusetts Secretary of the Commonwealth has issued a subpoena to Morgan Stanley, the lead underwriter for the social network’s market debut. The subpoena comes after it was reported that analysts working for Morgan Stanley — as well...  

Has Morgan Stanley's big bet on Facebook paid off?With Facebook's shares struggling to stay above the $38 IPO price, Morgan Stanley may have spent billions of dollars to support the stock by buying shares in the market.  

Morgan Stanley shares are under pressure again, adding to six straight losing sessions, amid a confluence of bearish issues and events. The long list includes: a price target and earnings estimate reductions by JMP Securities; concerns about ...  

The firm set an “overweight” rating and a $22.00 price target on the stock. The analysts wrote, “Avis Budget is by far the cheapest equity in global car rental. Exposure to an industry undergoing transformational change should offset concerns over ...  

NEW YORK (dpa-AFX Analyser) - Morgan Stanley hat die Einstufung für Dell vor Quartalszahlen auf "Equal-weight" belassen. Die Gewinnausweise von Dell, HP und Netapp dürften die saisonal schwache gewerbliche Nachfrage belegen, schrieb Analystin Katy Huberty in einer am Freitag vorgelegten Branchenstudie zu US-amerikanischen...