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Facebook slammed with suits

Citigroup unit lost $20-million in Facebook flop: source

Automated Trading Desk had trading losses of about $20 million from botched initial public offering on U.S. exchange, a source with knowledge of the situation said on Friday.

News
Commuters pass by the NASDAQ MarketSite in New York's Times Square, May 22, 2012. Nasdaq OMX faces short-term costs from its botched handling of Facebook shares on their first day of trading but the longer term repercussions could be more expensive as it struggles to restore its image

Nasdaq could lose millions over botched Facebook IPO

Bill rises as Fidelity’s retail customers and Knight Capital group seek compensation for trading-related losses

News
Customers talk to a salesperson at a Lenovo shop in Shanghai in this February 17, 2011 file photo. Lenovo Group Ltd, the world's No.2 PC maker by sales, reported a 59 percent rise in fourth-quarter net profit on May 23, 2012.

As HP and Dell flail, Lenovo sits pretty with edge in China’s PC market

Analysts say Chinese firm could wrest global PC market leadership from HP this year or next

News
Samsung has yet to address the central contradiction of it making devices that use someone else’s operating system. By licensing the free Android OS from Google, Samsung saves itself millions of dollars in software development costs and license fees, but leaves itself dependent on Google.

Oracle ruling a win for ‘entire Android ecosystem,’ Google says

Verdict puts an indefinite hold on Oracle’s quest for $1-billion damages

News
Morgan Stanley headquarters in New York's Times Square, Monday, May 21, 2012. When lead underwriter’s consumer Internet analyst cut forecast during the roadshow, and after a Facebook filing revision, it ‘freaked a lot of people out’ ... 'This was done during the roadshow – I’ve never seen that before in 10 years,' said a source at a mutual fund firm who was among those called by Morgan Stanley.

Did Facebook IPO investors ‘freak’ after Morgan Stanley cut its revenue target?

When lead underwriter’s consumer Internet analyst cut forecast during the roadshow, and after a Facebook filing revision, it ‘freaked a lot of people out’

News
A man stands in front of a China Mobile advertisement displayed outside a building in Hong Kong in this August 20, 2009 file photograph.

China’s biggest wireless carrier in talks to add iPhone

Next-gen iPhone chip could remove technical barrier for China Mobile, the world’s biggest telecom carrier by subscribers

Photo Gallery
Lawyers for Facebook and its founder and CEO Mark Zuckerberg, seen here, say a lawsuit claiming he developed the social media website with Paul Ceglia is fraudulent.

Who stands to make the most money from Facebook’s IPO

157 million shares are being sold by Facebook stockholders, including some of the company’s earliest investors

News
An employee of South Korean mobile carrier KT holds a Samsung Electronics' Galaxy Tab 10.1 tablet (R) and Apple Inc's iPad tablet as he poses for photos at a registration desk at KT's headquarters in Seoul August 10, 2011.

Apple legal war on Samsung tablets gains new strength

After lower court ruling overturned, Apple again seeks injunction on sale of some Samsung tablets in U.S.

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Philip Falcone, chief executive officer and chief investment officer, seen here May, 9, 2012. Creditors have been negotiating to restructure LightSquared’s 96 per cent ownership by Falcone’s Harbinger Capital Partners.

Bankruptcy imminent for troubled U.S. wireless startup LightSquared: reports

CEO Philip Falcone has until Monday at 5 p.m. ET to reach an agreement or face a default on a $1.6-billion loan

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