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18 May 2012, 8:59 am by Andis Kaulins
We had been joking around in past posts that the Facebook FB IPO could open at NASDAQ at $42 a share in (un)intended honor of Douglas Adams and the famous "42" as "the answer to everything" in "The Hitchhiker's Guide to the Galaxy", and so now there you have it as CNN Money reports that: Facebook's IPO: Trading opens at $42 per share - May. 18, 2012. [read post]
17 May 2012, 9:46 pm
The Arizona Trust is accusing Dimon and CFO Douglas Braunstein of issuing statements during that conversation that were misleading and “materially false,” as well as misrepresenting not just the losses but also the risks from major bets placed on “derivative contracts involving credit indexes reflecting corporate bonds interest rates. [read post]