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(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. The sudden caution very close to the huge initial public offering, and while an investor roadshow was underway, was a big shock
NEW YORK (Reuters) - A lot of loyal Facebook fans and occasional investors are discovering a hard truth this week: Money and connections talk, especially when it comes to a hot deal handled by Wall Street. The scramble for shares in what is one of largest initial public offerings in U.S. history quickly divided the haves from the have-nots on Thursday. Those with big brokerage accounts and a long
NAVARRE, Ohio/WASHINGTON (Reuters) - The busy shop floor at Miller Weldmaster Corp could make a great location for an Obama campaign ad.
The C.I.A. is using the remarks of Iran’s supreme leader, Ayatollah Ali Khamenei, to gain insight into the geopolitical gamesmanship now at play over Iran’s nuclear program.
NEW YORK (Reuters) - Emboldened energy market regulators are mounting an aggressive new campaign to stamp out a once-common trading practice that crosses physical and paper markets, unnerving traders who fear a backlash over years-old deals.
KABUL (Reuters) - Anita lifted the sky-blue burqa from her face, revealing glazed eyes and cracked lips from years of smoking opium, and touched her saggy belly, still round from giving birth to her seventh child a month ago.
WASHINGTON (Reuters) - When U.S. diplomats filed into North Korea's grim embassy in Beijing last month they found an unlikely surprise: Starbucks.
SEOUL (Reuters) - When Samsung Electronics rushed its first smartphone to market in a panicky response to the smash-hit debut of the Apple iPhone, some customers burned the product on the streets or hammered it to bits in public displays of disaffection. Complaints ranged from dropped calls and a clunky touchscreen to frequent auto rebooting and a dearth of applications. "It was just awful," said
KANPUR, India (Reuters) - As the Kalka Mail train pulls into Delhi railway station at dawn, it is every man, woman and child for themselves. Before the train has stopped, crowds elbow and jostle into packed compartments destined for Kolkata, 1,500 km (930 miles) and 25 hours away on one of the largest, most decrepit and dangerous rail networks in the world. Bare-footed women with children shout t
(Reuters) - At the very moment William Bryan Jennings should have been climbing into bed at his sumptuous Connecticut mansion, the high-ranking executive at Morgan Stanley was sprinting through back...
TOKYO (Reuters) - Three months after Japan's March 11 triple disaster, a long-time expert on the country arrived in Tokyo to research a book he intended to entitle "Rebirth of a Nation."
PUERTO PRINCESA, Philippines (Reuters) - When Lieutenant-General Juancho Sabban received an urgent phone call from an oil company saying two Chinese vessels were threatening to ram their survey ship, the Philippine commander's message was clear: don't move, we will come to the rescue. Within hours, a Philippine surveillance plane, patrol ships and light attack aircraft arrived in the disputed are
CARACAS (Reuters) - From new homes in slums to cash for struggling mothers, Venezuela's Hugo Chavez is unleashing a flood of state spending to try to tip the balance in what looks like the toughest presidential election of his political career. The spending campaign may help win over wavering supporters and overwhelm the good looks and yes-we-can optimism of opposition candidate Henrique Capriles
DAKAR/KIDAL, Mali (Reuters) - Equipped with heavy weapons from Muammar Gaddafi's looted arsenals, the Tuareg-led rebels who assaulted the town of Aguelhoc in northern Mali last month overwhelmed the remote garrison. Fighters hardened by combat in Libya swelled the ranks of the desert insurgents who in their first attack on January 18 surrounded the local army base with machinegun-mounted four-whe
NEW YORK (Reuters) - The mad rush to move client money out of MF Global Inc. after its collapse left two firms with the bulk of customer accounts, while other brokerages emerged with only minor gains from the chaos of carving up a multibillion-dollar business.
NAIROBI (Reuters) - In a cafe on the terrace of a Nairobi mall, well-heeled Kenyans sip coffee as shoppers in the car park navigate between BMW X5s, Toyota Land Cruisers and Mercedes. A nearby cinema...
JOHANNESBURG/NAIROBI (Reuters)- With a taste for Jimmy Choo shoes and Hermes handbags, Choice Okoro's idea of shopping is a world away from her mother's.
WASHINGTON (Reuters) - As early as 2000, U.S. health authorities raised concerns about the French breast implant maker at the heart of a scandal affecting hundreds of thousands of women worldwide....

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