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Wall Street struggles to find Facebook’s worth

By Rodrigo Campos NEW YORK | Wed May 23, 2012 2:21am IST NEW YORK (Reuters) – In its three days of trading, Facebook’s stock has dropped 18 percent from its $38 issue price. For the thousands of investors...

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Investors sue Nasdaq, Facebook over IPO

Wed May 23, 2012 6:17am IST REUTERS – Nasdaq OMX Group Inc has been sued by an investor who claimed the exchange operator was negligent in handling orders for Facebook Inc shares following its initial public offering,...

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Gupta jury hears competing views of Rajaratnam ties

By Grant McCool NEW YORK | Wed May 23, 2012 4:42am IST NEW YORK (Reuters) – Former Goldman Sachs director Rajat Gupta was once on hedge fund billionaire Raj Rajaratnam’s “important people”...

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Shares retreat as caution replaces hopes before EU summit

By Chikako Mogi TOKYO | Wed May 23, 2012 6:25am IST TOKYO (Reuters) – Asian shares retreated on Wednesday as hopes for fresh measures to tackle euro zone debt faded and caution set in ahead of a meeting of...

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SEC, FINRA to review Facebook issues, Nasdaq sued

By Suzanne Barlyn and Ryan Vlastelica Wed May 23, 2012 2:23am IST (Reuters) – Two top U.S. financial regulators said the issues around the initial public offering of Facebook should be reviewed, putting fresh pressure...

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U.S. ambassador in Kabul to leave because of health

By Missy Ryan WASHINGTON | Tue May 22, 2012 11:14pm IST WASHINGTON (Reuters) – U.S. Ambassador to Afghanistan Ryan Crocker confirmed on Tuesday that he plans to step down this summer because of ill health and...

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Nepal gov’t seeks more time to draw up new constitution

By Gopal Sharma KATHMANDU | Tue May 22, 2012 9:41pm IST KATHMANDU (Reuters) – Nepali politicians on Tuesday proposed to ignore a Supreme Court deadline giving them until Sunday to draw up a new constitution...

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Drogba to leave Chelsea at the end of June

By Toby Davis LONDON | Tue May 22, 2012 8:53pm IST LONDON (Reuters) – Didier Drogba brought down the curtain on a trophy-laden career at Chelsea on Tuesday when he announced he would be leaving the club after...

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Formula One owner cuts stake in $1.6 bln deal

By Saeed Azhar and Keith Weir SINGAPORE/LONDON | Tue May 22, 2012 9:57pm IST SINGAPORE/LONDON (Reuters) – Three investment groups have bought a 21 percent stake in Formula One from private equity firm CVC Capital...

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IAEA chief says nears deal with Iran ahead of 6-power talks

By Fredrik Dahl VIENNA | Tue May 22, 2012 11:45pm IST VIENNA (Reuters) – The U.N. nuclear watchdog director said on Tuesday he expected to sign a deal with Iran soon to unblock an investigation into suspected...

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