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SEC, FINRA to review Facebook issues, Nasdaq sued
(Reuters) - Two top U.S. financial regulators said the issues around the initial public offering of Facebook should be reviewed, putting fresh pressure on the company, its embattled lead underwriter and the Nasdaq.more
Dell results disappoint Street, shares dive
SAN FRANCISCO (Reuters) - Dell Inc forecast disappointing second-quarter revenue as U.S. and European corporate tech spending weakens and consumer personal computer sales continue to shrink, hammering its shares.more
Gupta jury hears competing views of Rajaratnam ties
NEW YORK (Reuters) - Former Goldman Sachs director Rajat Gupta was once on hedge fund billionaire Raj Rajaratnam's "important people" list but excluded from a fantasy football celebration helicopter trip to Atlantic City with other corporate high-flyers.more
Mitt Romney takes decisive lead in Kentucky primary
(Reuters) - Republican presidential hopeful and presumptive nominee Mitt Romney took a commanding lead on Tuesday in early returns in the Kentucky primary, winning 67 percent of the vote with a majority of counties reporting, an official tally showed.more
US Air jet diverts after passenger claims to have "device"
WASHINGTON (Reuters) - A passenger who claimed to have a surgically implanted device prompted a US Airways jetliner to divert to Maine on Tuesday in a security scare that followed a recently foiled bomb plot targeting U.S.-bound aircraft, government officials said.more
Kleiner partner sues firm for discrimination
(Reuters) - Kleiner Perkins Caufield & Byers partner Ellen Pao is suing the venture capital firm alleging sexual harassment and discrimination, according to a lawsuit filed earlier this month in California Superior Court.more
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.more
SEC looking at JPMorgan's financial reporting
WASHINGTON (Reuters) - The head of the U.S. Securities and Exchange Commission told lawmakers on Tuesday that her agency is probing JPMorgan Chase and Co's financial reporting and emphasized that big banks are required to publicly disclose changes to the models they use to measure risk.more
Home resales rise, boding well for economy
WASHINGTON (Reuters) - The pace of sales for existing homes in April rose to its fastest in nearly two years and a falloff in foreclosures helped cause an unexpected jump in prices, hopeful signs for the country's economic recovery.more
Exclusive: Housing chief leaves Morgan to launch buy-to-rent fund
(Reuters) - Oliver Chang, head of U.S. housing strategy at Morgan Stanley, who has written more about foreclosed homes as an investment opportunity than any other Wall Street analyst, is leaving his firm to start his own buy-to-rent housing fund.more